A company has been granted an exploration license by the...

A company has been granted an exploration license by the Government and then spent shareholder money on exploration and discovered a resource in the ground.

It has adhered to every Government regulation. It has been subject to various reviews including the NSW Chief Scientiest and various studies by the CSIRO.

It has as shareholders local businesses who say they need the gas to stay competitive.

It has the support of local council who want the benefits it can bring.

It has the support of various landowners who have granted access agreements and want the benefits, including access payments, it can bring.

It is not a pioneering industry, but one that has been operating for decades not only internationally but to the north in Queensland which has a a flourishing CSG industry.

In opposition we have a documentary that has been ABSOLUTELY discredited and driven by a fundamental opposition to fossil fuels. And people sprouting that earthquakes and gas in your water will the by products seen in the Northern Rivers that really hasnt been seen anywhere else in the world.

The government knows it cannot just cancel a license without giving a justiciable reason for a company that has met all it was required to meet under the legislation it operates under.

It will have legal advice that says this very thing.

And compensation should be determined not just by past losses but what is being taken away right now. We have a resource. It is worth a lot more than it was 10 years ago. AGL are valuing their resources for book purporses at $9. No one spends $100m on exploration to find a resource worth $100m.

So if you cant see the need for compensation above then let the Courts decide once again. And we can just let the Northern Rivers go along its path of welfare dependency and economic stagnation and rising electricity prices in NSW and further coal dependency and be done with it.