Thursday, 31 January 2013

Coal seam gas mining company Metgasco finally admits that sustained community opposition is an investment risk

The Northern Star 25 January 2013:

METGASCO has admitted to investors for the first time that community opposition to coal seam gas was disrupting its operations.
In a statement to the Australian Stock Exchange yesterday, Metgasco said protest action caused delays in drilling at Glenugie and also resulted in the company deferring one of its planned core wells.

"Our program started a little later than expected as a result of a range of factors which included rig availability, approvals and some protest action," CEO Peter Henderson said in the statement to the ASX.........

The Daily Examiner 25 January 2013:

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