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22/03/17

16:33

Post #: 23549073
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Originally posted by rmkpro ↑

An extract from a recent AFR article:

"
Second, American farmers and other private landowners own the minerals underneath their land and are paid lucrative access fees and royalties by shale drilling companies to extract the gas.
"It makes life a whole lot easier and will make life a whole lot easier for the grandkids," Texas farmer Bubba Steen told The Australian Financial Review on a visit to his cattle farm a couple of years ago where oil rigs were pumping deep beneath the surface.

"Oil cheques" worth hundreds of thousands – or in some cases millions – of dollars have landed in landowners' letterboxes, though the payments have declined over the past couple of years due to the oil price crash and reduction in drilling rigs.
To boost gas supply, South Australia last week proposed paying landowners 10 per cent of the royalties collected from the underground gas sold from a property where it is being extracted.
Deputy Prime Minister Barnaby Joyce told Fairfax Media at the weekend that a new nationwide scheme to divert a share of government royalties to farmers will overcome furious opposition to coal seam gas in the bush.

Read more: http://www.copyright link/news/lessons-from-the-us-for-australias-energy-crisis-20170318-gv19cb#ixzz4c111RL9C
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"

Watch how fast the farmers abandon the greenies if a regulatory change sweeps through around land access and royalty payments!!

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We will need to sit and wait for the interim, AJQ have some great acreage in the NT, and now that Jemina is building the NEGI (North Eastern Gas Interconnector), we will eventually be able to access these deposits. However, a great decision from the Board to buy the previously Origin owned Kincora Gas Plant and associated assets, soon to be producing and with Sales Gas available. I remember Robert De Weijer (former Director/GM/Boss) of AJQ saying last year at the Noosa Mining Conference, that this storage facility can be used as a means to allow for fluctuations in Gas Prices. I thought this was a strange comment at the time but now it makes perfectly good sense. GLTA, nice to see the share price heading in the right direction.

AJQ Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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