Showing posts with label Coal Seam Gas Mining. Show all posts
Showing posts with label Coal Seam Gas Mining. Show all posts
Monday 2 May 2016
COAL SEAM GAS: NSW Baird Government coming after the Northern Rivers once again with the support of Parliamentary Secretary for the North Coast Chris Gulaptis
NSW Nationals MP for Clarence and NSW Parliamentary Secretary for the North Coast, Chris Gulaptis, has endorsed the Baird Government's North Coast Regional Plan – stating in the foreword in this planning document:
The Draft North Coast Regional Plan is our proposed blueprint for the next 20 years and it is a plan for both the Mid North Coast and the Far North Coast. The draft Plan outlines a vision, goals and actions that focus on a sustainable future for the region as it grows that protects the environment, builds a prosperous community and offers attractive lifestyle choices for residents.
Unfortunately he and the state Liberal-Nationals government of which he is a member see the future of the region as being one in which the gas industry is again a major player.
Excerpts from NSW Coalition Government's 100-page Draft North Coast Regional Plan, March 2016:
Biophysical Strategic Agricultural Land on the North Coast was also mapped in 2014 as part of the NSW Government's Strategic Regional Land Use Policy. This land is capable of sustaining high levels of production for a variety of agricultural industries due to its high-quality soil and water resources. More than 248,000 hectares of this land has been mapped on the North Coast. The policy requires that any significant mining or coal seam gas proposals on this land have to be scrutinised through the independent Gateway process, before a development application can be lodged….
The North Coast also includes areas of the Clarence-Moreton Basin, which has potential coal seam gas resources that may be able to support the development and growth of new industries and provide economic benefits for the region….
The NSW Department of Industry is mapping coal and coal seam gas resources in the region. Once completed, this information will inform future regional and local planning by providing updated information on the location of resource….
The NSW Government will:….. identify and plan for the infrastructure needs and requirements of the resources and energy sector….
NOTE:
The Gateway process which the Plan mentions was in place from 2012 onwards. A period in which Metgasco Limited's plan to create gasfields and at least one gas production facility on regionally significant farmland (with high fertility soils) in the Northern Rivers was supported by both Coalition state and federal government.
Neither the toothless Gateway process nor the Mining and Petroleum Gateway Panel (both parts of the wider Strategic Regional Land Use Policy) appear to have applied the brake to any Metgasco development applications lodged and approved in order to sink coal seam gas test wells and, under Part 3A of the NSW Environmental Planning & Assessment Act 1979 inhibit progress the now defunct West Casino Gas Project.
The Federal Government's 2014 Catalogue of potential resource developments stated:
All developments within the Clarence‑Moreton bioregion are currently at the pre‑environmental impact statement (EIS) stage. However, subject to regulatory approval, the West Casino Gas Project may move towards an EIS within the time frames considered by the bioregional assessment.
Friday 8 April 2016
We breed 'em tough in the NSW Northern Rivers.....
A couple of years back I told a former director of Elk Petroleum that Metgasco Limited would withdraw from its arrangement with that US mining company and that Northern Rivers communities would win the battle with Metagasco over its mining exploration leases.
I pointed to the region’s long history of coming together to oppose threats to water security and environmental sustainability.
I don’t think he believed me then, but I think he would believe the Knitting Nannas now when locals like Lismore Nanna Clare Twomey are still voluntarily locking themselves on as she herself did to the exit gates of NSW Parliament House at 8.30pm on 31 March 2016 in protest at the Baird Coalition Government changes to protest laws and failure to address the ongoing tension between mining interests and the enduring need for environmental protections.
The Northern Star on 1 April reported that: After 8 and a half hours at the Sydney gates, the Knitting Nanna cofounder, locked off without arrest. She was supported by Greens Jeremy Buckingham, Knitting Nannas and interviewed by Sydney media.
Images From The Northern Star & Twitter
Saturday 30 January 2016
Tweet of the Week
This one was especially tweeted for Liberal MP for Flinders and Australian Minister
Sunday 17 January 2016
Natural Gas & Coal Seam Gas: A lesson in consequences for Australian federal and state governments
Gov. Jerry Brown on Wednesday ordered new regulations, including stepped-up inspections and safety measures, for all natural gas storage facilities in California in response to the continuing leak that has displaced thousands of people in the Porter Ranch neighborhood of Los Angeles.
The emergency regulations would require Southern California Gas Co. and other operators of gas storage facilities to conduct daily inspections of wellheads using infrared leak-detection technology, verify the mechanical integrity of wells, measure gas flow and pressure and regularly test safety valves, among other steps.
Each facility would also have to draft a risk management plan that would examine the corrosion potential of pipes and other safety threats.
The requirements are part of a series of orders issued by Brown as he declared a state of emergency stemming from a leaking well at SoCal Gas' storage facility in Aliso Canyon. For more than 10 weeks a damaged well has released large amounts of planet-warming methane and emitted sulfur-like odors that have sickened residents with nosebleeds, headaches and other symptoms.
Brown's action came after weeks of demands by residents, activists and local officials for the governor to intervene. In the proclamation, Brown cited the “prolonged and continuing duration of this natural gas leak and the request by residents and local officials for a declaration of emergency.”
The governor ordered state agencies to “utilize all necessary state personnel, equipment, and facilities to ensure a continuous and thorough response to this incident.” Unlike with most emergency proclamations, however, he did not suspend state laws, cut red tape or commit more resources or public funds to address the leak.
Brown contends that SoCal Gas should bear all related expenses from the leak. He tasked the California Public Utilities Commission with ensuring that the gas company “cover costs related to the natural gas leak and its response, while protecting ratepayers.”
Evan Westrup, a governor's spokesman, noted that the proclamation does allow the governor to waive state laws if necessary in the future.
The new regulations will apply to a dozen natural gas storage fields across nine counties, according to the state Division of Oil, Gas and Geothermal Resources, which will issue the new rules.
ABC
News, 10
August 2015:
A study commissioned by
Queensland's environment department says an experimental plant operated by mining
company Linc Energy at Chinchilla, west of Brisbane, is to blame and has
already caused "irreversible" damage to strategic cropping land.
The department, which
has launched a $6.5 million criminal prosecution of the company, alleges Linc
is responsible for "gross interference" to the health and wellbeing
of former workers at the plant as well as "serious environmental
harm".
The 335-page experts'
report, obtained by the ABC, has been disclosed to Linc but not to landholders.
It says gases released
by Linc's activities at its underground coal gasification plant at Hopeland
have caused the permanent acidification of the soil near the site.
Experts also found
concentrations of hydrogen in the soil at explosive levels and abnormal amounts
of methane, which they say is being artificially generated underground, over a
wide area.
Other documents,
released to the ABC by the magistrate in charge of the criminal case, show four
departmental investigators were hospitalised with suspected gas poisoning
during soil testing at the site in March.
"My nausea lasted
for several hours. I was also informed by the treating doctor that my blood
tests showed elevated carbon monoxide levels (above what was normal)," one
of the investigators said.
High levels of
cancer-causing benzene were detected at the site afterwards.
Earlier this year the
State Government imposed an "excavation exclusion zone" on 314 square
kilometres around the Linc facility where landholders are banned from digging
any hole deeper than two metres.
ABC
News, 10 June 2015:
The Queensland
Government has widened its legal action against resources company Linc Energy
over the alleged contamination of the environment by its underground gas plant
on the Darling Downs in the state's south-east.
The Government has today
filed a fifth charge of wilfully and unlawfully causing serious environmental
harm against the company.
An investigation — the
largest and most protracted in the history of the Queensland Environment
Department — has found that Linc Energy's Underground Coal Gasification (UCG)
plant at Hopeland caused irreversible damage "to more than one
environmental receptor [which includes the atmosphere, vegetation, water and
soil]".
UCG is a so-called
"unconventional" means of extracting gas from coal seams that are too
deep to mine.
Coal is burned in situ
underground and the gas produced is siphoned off through wells.
The ABC has been told
that external experts contracted by the department found "scientific
evidence of [the plant's] operation above hydrostatic pressure, fracturing the
landform, and excursion of contaminants"……
Queensland's Environment
Minister Steven Miles is travelling to the western Darling Downs to meet with
affected landholders and to explain what the latest charge means.
"This is probably
the biggest investigation of its kind in Australian history, we've had upwards
of 100 technical officers in Chinchilla monitoring sites and measuring this
pollution, it's a very serious matter," he said.
"Our next biggest
concern is the impact that this pollution could have on the livelihoods and on
the wellbeing of the landholders in the area nearby Linc…..
Linc
Energy Limited v Chief Executive, Department of Environment and Heritage
Protection [2015] QLC 12 (1 April 2015) [100%]
(From Land Court of Queensland; 1 April 2015; 32 KB)
(From Land Court of Queensland; 1 April 2015; 32 KB)
Linc
Energy Ltd v Chief Executive Administering the Environmental Protection Act
1994 & Anor [2014] QSC 172 (1 August 2014) [99%]
(From Supreme Court of Queensland; 1 August 2014; 54 KB)
(From Supreme Court of Queensland; 1 August 2014; 54 KB)
Linc
Energy Ltd v Chief Executive Administering the Environmental Protection Act
1994 & Anor (No 2) [2014] QSC 182 (5 August 2014) [97%]
(From Supreme Court of Queensland; 5 August 2014; 7 KB)
(From Supreme Court of Queensland; 5 August 2014; 7 KB)
Chief
Executive Administering the Environmental Protection Act 1994 & Anor v Linc
Energy Ltd [2015] QCA 197 (16 October 2015) [24%]
(From Supreme Court of Queensland - Court of Appeal; 16 October 2015; 74 KB)
(From Supreme Court of Queensland - Court of Appeal; 16 October 2015; 74 KB)
Linc
Energy Ltd v Chief Executive, Department of Environment and Heritage Protection
[2015] QLC 42 (26 November 2015) [100%]
(From Land Court of Queensland; 26 November 2015; 27 KB)
(From Land Court of Queensland; 26 November 2015; 27 KB)
Labels:
Coal Seam Gas Mining,
man-made disasters,
methane,
pollution
Friday 1 January 2016
While I was away........
After a prolonged absence from blogging due to illness, here is a little catchup from the period July to December 2015.
* NSW Premier and Liberal MP for Manly Mike Baird puts "lipstick on a pig" by calling for an increase in the Goods & Service Tax (GST) to 15 per cent.
* The community
consultation dialogue between ratepayers and Clarence Valley Council over proposed consecutive rate rises every year for the next five
years remained as colourful as ever:
* One of
Australia’s most influential women, former Federal Labor MP for Page Janelle Saffin announced she will be
standing against sitting Nationals MP Kevin Hogan at the 2016 federal election.
[Echo Netdaily, 23
September 2015]
_______________
* Coal seam
gas company Metgasco Limited finally
bowed to people power and walked away from its exploration leases on the NSW
North Coast with a state government compensation cheque totaling $25 million
in its back pocket:
* The NSW Nationals used Twitter to take
credit for Metgasco’s capitulation – which saw a predictable response:
* The strength of NSW gun laws was demonstrated to a retiree living on Palmer's Island in the Clarence Valley:
* On 17
December 2015 The Daily Examiner published an article titled The
600 major companies that paid less tax than you, but neglected to tell
its readers that it was owned by one of these very same companies, APN NEWS
& MEDIA LTD, which had an income of
$310.3 million in the 2013-14 financial year.
A total of $21.2 million of this was considered taxable income, yet this
company had no tax payable listed for that financial year.
* That
one-time darling of the Liberal-Nationals federal government, Kathy Jackson, got her comeuppance:
* Royal
Commissioner Dyson Heydon delivered his discredited final
report on union governance and corruption to the Australian Governor-General on 28 December. The full report can be found at: https://www.tradeunionroyalcommission.gov.au/reports/Pages/default.aspx.
The disgraced union
leader declared bankruptcy in June, on the opening day of HSU Federal Court
proceedings which resulted in her being ordered to pay $1.4m to the union as
compensation for up to $2.5m misappropriated from members while she was its
national secretary between 2008 and February this year.
But her discharge from
bankruptcy will only remain in place for three years, meaning the HSU may be
able to continue to recoup some of the money she owes after that time.
On Tuesday, Ms Jackson's
bill increased by $997,349, when judge Richard Tracey ordered she pay
$554,215.67 in interest, $356,500 in legal costs and $86,633.81 in appeal
costs.
Brisbane-based
commercial barrister Gavin Handran, listed in the most recent Doyles Guide as
one of Australia's leading insolvency and reconstruction junior counsels, said
Ms Jackson solicited bankruptcy too early.
"The order for
costs, circa $350,000, made by Justice Tracey on 21 December is not a debt
provable in her bankruptcy even though it relates to a damages award made
before bankruptcy," Mr Handran said. "The HSU may accordingly enforce
that order against her, perhaps resulting in her again becoming bankrupt or
surrendering any assets she acquires in the interim, after her current
bankruptcy ends." Mr Handran said the law applied differently to interest
and costs. "She might be safe with the interest," he said.
"I suspect what
Kathy Jackson did, like so many in her troubled circumstances, was that she ran
off on first day and filed for bankruptcy. That was premature.
"It's particularly
important for the HSU workers to understand that she's not out of the woods.
The sword still hangs over her head." "Not only does she face the
real prospect of re-entering bankruptcy after she emerges from this period, but
there's also the possibility that the HSU, depending on a cost-benefit
analysis, may examine her under oath in the Federal Court, with the assistance
of the bankruptcy trustee, to ascertain whether she's transferred any assets to
a third party or (her partner, Michael) Lawler." HSU national secretary
Chris Brown said the union was "alive to the possibility" of Ms
Jackson facing a second round of bankruptcy, or interrogation over the transfer
of assets. The union was still determining how it would approach the matter. [The
Australian, 24 December 2015, p.5]
_______________
* NSW
Coalition Premier Mike Baird thought his ability to waste $500,000 of taxpayers' money deserved a tweet or two:
Go to http://www.stonersloth.com.au/ to see the Australian version of Reefer Madness that Baird signed off on.
_______________
There were 222
industrial disputes in Australia during the year ended September 2015, involving
78,000 individuals in a workforce of est. 11.7 million people. The majority of these ‘strikes’ appear to have lasted 2 days
or less.
This low
level of disputes does
not please former prime minister Tony Abbott who, living in a time long
past, argued in December 2015 for a tougher approach to breaking up
illegal union pickets, saying police forces “around our country” had to be
prepared to “uphold the law and not simply keep the peace … A lot of police
forces have been traditionally reluctant to break picket lines where picket
lines have been preventing people from going about their ordinary lawful
business”.
_______________
It came as no surprise that Dyson Mr.Apprehended Bias 2015 Heydon decided that Kathy Jackson was really a hero who just happened to embezzle over $1.4 million dollars:
_______________
* The
independent Q&A Review Final Report released
in December 2015 appears to have discovered that this ABC program is skewed in favour of the
government of the day:
Conservative flying monkeys dropped from Australian skies in shock.
_______________
*
WorkChoices Mark 2 appears to be forming on the horizon ahead of this
year’s federal election:
http://www.afr.com/news/politics/scott-morrison-flags-taking-industrial-relations-reform-to-next-election-20151215-gloika
Former
workplace relations minister Eric Abetz says the Fair Work Commission
cannot ignore calls to reduce Sunday penalty rates, if as
expected the Productivity Commission recommends the move on Monday.
Senator Abetz was the
workplace relations minister until the Liberal leadership change and
cabinet reshuffle in September.
Speaking ahead of the
Productivity Commission's release of its final report into the industrial
relations system, he told Fairfax Media the review must be respected
by the Fair Work Commission which sets wages and entitlements. [The Sydney Morning Herald, 21
December 2015]
The recommendations —
laid out in the commission's final
report into workplace relations
released on Monday — would affect workers in the entertainment, hospitality and
retail industries, if adopted.
The commission did not
recommend any changes to overtime penalty rates, night penalty rates or shift
loadings, nor changes to rates for nurses, teachers or emergency services
workers.
"Penalty rates have
a legitimate role in compensating employees for working long hours or at
asocial times," it stated.
"However, Sunday
penalty rates for hospitality, entertainment, retailing, restaurants and cafes
are inconsistent across similar work, anachronistic in the context of changing
consumer preferences, and frustrate the job aspirations of the unemployed and
those who are only available for work on Sunday.
"Rates should be
aligned with those on Saturday, creating a weekend rate for each of the
relevant industries."
Announcing the report's
findings, Employment Minister Michaelia Cash said the Government would examine
the recommendations and, if the case for sensible and fair changes to workplace
relations were outlined, they would be taken to the next election. [ABC News, 21 December 2015]
ACT Liberal senator Zed
Seselja said the Coalition should argue for a cut in Sunday penalty rates at
next year's election.
"The Productivity
Commission has done some really important work here," Senator Seselja he
said.
"I think that we
should be looking to put some policies to the next election which make
incremental reforms in this area that go down the path the Productivity
Commission is recommending.
"In the hospitality
industry, in particular, that's where I hear the most from business owners,
that's where I think the reforms should be occurring, and I think that's the
sort of thing that we could develop a policy to take to an election." [ABC News, 21
December 2015]
Pharmacists
in Australia have voted to launch industrial action for the first time,
starting Christmas Eve, as a national pharmacy chain moves to slash penalty
rates. It comes amid tense debate over a proposed Australia-wide rollback of
Sunday penalty rates for workers in hospitality, retail and entertainment jobs,
following an inquiry by the Productivity Commission. Pharmacists employed at
dozens of National Pharmacies sites across Victoria and South Australia will
now become the first in their profession to take action against an employer, as
anger rises over threats to their penalty rates. From Thursday, pharmacists
will embark on a campaign against National Pharmacies, authorising strikes of
up to 24 hours that could force the temporary closure of some sites if the
deadlock continues. The campaign this week will begin with pharmacists refusing
to perform a range of work duties. National Pharmacies is attempting to cut
pharmacists' penalty rates by as much as 50 per cent for certain hours on
Saturday shifts. Double-time Sunday rates would remain in place. The company
also wants to lower overtime pay, freeze the wages of existing pharmacists and
introduce a two-tiered pay scheme, according to the union. In a statement,
National Pharmacies said the pressures of a competitive and uncertain
marketplace had forced a need to align with the rest of the industry. [The Sydney Morning Herald, 23 December
2015, p.4]
* It became obvious that local thoughts had begun to turn to the 2016 election of councillors:
Excerpts from Clarence Valley Rate Payers, Residents and Business Owners Facebook page - featuring Deputy Mayor Cr. Craig Howe & the artwork of a ratepayer.
_______________
* It became obvious that local thoughts had begun to turn to the 2016 election of councillors:
Excerpts from Clarence Valley Rate Payers, Residents and Business Owners Facebook page - featuring Deputy Mayor Cr. Craig Howe & the artwork of a ratepayer.
_______________
_______________
With the national terrorism threat level still fixed as "PROBABLE" by the Turnbull Government, DIBP and presumably many in Border Farce took an eleven day Chrissie holiday:
On 29 December The
Guardian reported that the Turnbull ministry is three and a half months
old and already there are two casualties. One looks fairly straightforward. The
other, not so. In both cases, Malcolm Turnbull is well rid of them under the circumstances….
Jamie Briggs resigned after
he “interacted” with a female public servant in an “informal manner” in a late
night bar on an overseas trip. She complained he had acted inappropriately…..
The other casualty was Mal
Brough, the former special minister of state. This is more opaque and the stink
has a potential to linger given Brough has promised only to step aside, not
resign…..
Background
on Mal Brough “stink” by barrister Ross Bowler.
_______________Monday 27 April 2015
NSW Supreme Court rejected CSG miner Metgasco's contention that the NSW Government acted unreasonably in finding its community consultation process "inherently ineffective"
74. Fourthly, to the extent that Metgasco submitted that it was unreasonable for the Delegate to find that the consultation undertaken was inherently ineffective, in the sense of lacking attributes and qualities that would make it efficacious, I respectfully reject that submission. The Delegate was entitled, by way of more than one pathway leading to the guidelines, to consider whether Metgasco had engaged in consultation that could be characterised as being effective in its attributes but not its results. That includes whether the community consultation plan was sufficient. I do not propose to engage in an impermissible review of the merits of that decision; to my mind it was not so unreasonable to be amenable to judicial review. It follows that, if this were the only ground upon which Metgasco relied, I would not intervene on the basis of it.
Labels:
Coal Seam Gas Mining,
law,
Metgasco,
Northern Rivers
Sunday 26 April 2015
Metgasco says it could be back drilling at Bentley within three months
Within hours of the NSW Supreme Court handing down its judgment in Metgasco Limited v Minister for Resources and Energy, Metgasco Limited publicly stated that it could be back drilling at Bentley in the Northern Rivers region within three months.
I’m sure the Northern Rivers community will be there to greet the return of this coal seam & tight gas mining company with its own unique, non-violent and uncompromising resistance.
Labels:
Coal Seam Gas Mining,
Metgasco,
Northern Rivers,
people power
Friday 24 April 2015
Friday 17 April 2015
Knitting Nannas' three year long yarn outside pro-CSG MP's office in Lismore continues
The NSW North Coast Nationals never learn.
At the 28 March 2015 state election they lost one of their safe seats, Ballina, and suffered a 19.6% swing to Labor in Tweed, a 22.4% swing to Labor in Clarence and a 22.5% swing to Labor in Tweed where Thomas George only survived on preferences - yet they tried to flex their political muscle on the one issue that saw so many voters walk away from the National Party at the ballot box.
NSW Police confront Knitting Nannas: Image from @LockTheGate 10 April 215
The Northern Star 9 April 2015:
A group of 10 nannas had yesterday just settled in to their usual positions on the pavement outside Mr George's office yesterday when they were approached by a group of police who informed them the act was illegal.
Eltham Knitting Nanna Judy Summers said she was told by a senior policewoman the group "had no reason to be here as CSG is done and dusted".
The police left after issuing a warning that the group would face more serious action if they returned next week.
But Ms Summers vowed the group were "not going anywhere" and were seeking legal advice over the issue.
"I told her it is not done and dusted; until both licenses are cancelled we will continue to be here," Ms Summers said.
"We are not obstructing the pathway."….
The Knitting
Nannas
[should] move their weekly protests from Thomas George's office to the boat
sculpture at Molesworth Street, Lismore Nationals president John Barnes has
said.
Speaking on
ABC Radio this morning, Mr Barnes said he was against CSG but the Nannas were a
"nuisance" and they should move to "the HMAS Jenny Dowell",
referring to the sculpture.
"I don't
care what they are protesting for, if it is CSG or the man on the moon,"
Mr Barnes said.
"They should give the streets back to the people.".....
Later the same day:
What happened two days later was entirely predictable.
The Northern Star 11 April 2015:
"They should give the streets back to the people.".....
Later the same day:
THE GREENS
NSW coal seam gas spokesperson Jeremy Buckingham wants to know if the
government has an agenda to 'shut the Nannas down'.
Following ABC
reports that suggested National Party members initiated the confrontation
between police and Knitting Nannas on Thursday at their usual knit-in in front
of Thomas George's office, Mr Buckingham today called on Deputy Premier Troy
Grant to clarify whether his party and government wanted the Nannas shut down.
The
'post-election police crackdown', according to Mr Buckingham is 'a ridiculous
attack on the democratic right to peaceful protest'.
What happened two days later was entirely predictable.
Image from @CSGFreeNR 11 April 2015
The Northern Star 11 April 2015:
POLICE moves
to stop the Knitting Nannas against Gas staging protests outside Lismore MP
Thomas George's office have spawned a huge outcry since the group was told they
were breaking the law on Thursday.
But was it a
planned move to shut down the regular "knit-ins" - or a case of
mistaken identity?
Knitting
Nanna Clare Twomey said the Nannas may have been "implicated by
association" over a complaint from another protest - not involving the
Nannas - during which a female employee of Thomas George's allegedly injured
herself while trying to avoid bags of manure.
Local police
were not answering questions on the matter yesterday and the Nannas said they
had legal advice their protests were within the law.
Ms Twomey
said the group had also received overwhelming public support, and the police
intervention had only served to fire them up.
Just as predictable was the public slapdown later on that same Saturday of John Barnes by his leader, who is understandably nervous about the party's poor showing at the recent election.
Anti-gas
group the Knitting Nannas Against Gas are welcome to continue their regular
"knit-ins" outside Lismore MP Thomas George's office NSW Deputy
Premier and Nationals Leader Troy Grant has said.
Mr Grant has
today issued a statement demanding Greens MP Jeremy Buckingham apologise for
suggesting the government wanted to get rid of the Nannas.
The statement
follows a furore over a police visit to the Nannas on Thursday, where officers
told members of the group they would have to stop their protests outside
Lismore MP Thomas George's office.
He said Mr
George was out of the electorate when the complaint was made and he had no
involvement in it or knowledge of it.
Go the Grans!
Saturday 11 April 2015
Metgasco misses out on NSW compensation offer
The Australian 10 April 2015:
At close of business on Friday10 April 2015 the Australian Stock Exchange listed Metgasco's ordinary share price at 0.023 cents.
Metgasco Limited v Minister for
Resources and Energy
is listed for judgment in the NSW Supreme Court at 10am on Friday, 24 April
2015.
Labels:
Coal Seam Gas Mining,
law,
Metgasco,
Northern Rivers
Friday 3 April 2015
When the NSW gas industry comes to visit: "They say ignorance is bliss and little did I know that life as I knew it was about to change forever"
How it starts – with a knock at the door.
Excerpt from 2011 submission, by northern NSW beef cattle and mixed broad acre farmers Brenden Smith and Angie Smith to the NSW Legislative Council Inquiry Into Coal Seam Gas:
Our farms are situated in PEL 470 and we were approached by a representative from Planet Gas to put an exploration well on one of our properties. We were told it was only one well and it was nothing to worry about. After further investigations, we found out it was going to be a series of wells with a pumping station on a neighbouring farm to join to a pipeline to take the gas to a major pipeline connecting to Gladstone in the North and Wellington and Newcastle in the south. It seems all this had been arranged without notifying landholders or local councils. How can this be allowed to happen?
What one community did about it.
Excerpt from a guest post in 1 Million Women by Angie Smith:
Prior to 2010 I didn't even know what coal seam gas was or that it was embedded in the coal seams deep under our farm. I had no idea what a Petroleum Exploration Licence was let alone that there was one covering our district called PEL470. Hydraulic fracturing was another language.
They say ignorance is bliss and little did I know that life as I knew it was about to change forever.
After a visit from a representative from Planet Gas seeking permission to drill a core hole on our land life went into overdrive. Being a fourth generation farmer I descend from a long line of agriculturalists. My husband is a successful, passionate farmer and our three children, although at university and school, are heavily involved with the running of our family farm. The land is not only in our blood but our hearts as well. Mining companies and governments thought they could establish a gas industry in some of the richest farming land in Australia. They didn't bank on the power of people.
Life became very different from the usual day to day running of the farm and family. Night reading became Petroleum Onshore Act 1991 and NSW Government Draft Strategic Regional Land use Plan. Neighbours were alerted and meetings were planned and email lists collated. Meetings with local, state and federal MP's were attended. Days spent at the legislative Council Inquiries. Letters were written.
Politicians from all parties came to our home to discuss CSG. The phone rang constantly. Involvement on an advisory committee enabled travel to Emerald, Springsure, Toowoomba, Chinchilla, Dalby, Gunnedah, Narrabri and Brisbane to meet with others farmers to learn from their experiences and realise that coexistence is not possible. Legal advice was sought. Lobbying of politicians became a daily occurrence. Meetings with the Chief Scientist and various other influential people became the norm. Every landowner in PEL470 was united and signed an objection to the licence renewal of PEL470.
On 14th October 2014 the Minister for Resources and Energy cancelled our licence.
People power had triumphed…..
Monday 16 March 2015
A desperate Metgasco Limited can not put a corporate foot right
Metgasco Limited/ASX Media Release
Monday 16 March 2015
Metgasco today announces that it has terminated its merger with Elk Petroleum.
The proposed merger was subject to a number of conditions precedent, including Metgasco's ability to raise funds to support the merger and a Material Adverse Condition (MAC) associated with oil prices.
The oil price MAC has been triggered. Based on discussions with numerous financial organisations, Metgasco has concluded that the chance of securing acceptable finance is now very low. This is due to a number of factors, including current oil prices, which are significantly lower than anticipated when the original merger terms were negotiated. As such, Metgasco's Board of Directors, has decided to exercise Metgasco's rights and terminate the Merger Implementation Deed.
Under the terms of the Convertible Loan Facility, which was put in place to support Elk Petroleum through the merger implementation period, no further payments to Elk Petroleum will be made and Elk Petroleum has 30 days in which to repay the loan plus interest incurred. Of the overall A$2.5 million loan facility, A$1.69m has currently been drawn down. The loan is secured against Elk and all its assets.
Metgasco is disappointed that this opportunity has not been successful and will continue seeking means to realise value from its Clarence Moreton Basin exploration acreage and identifying opportunities outside of NSW.
About Metgasco
The Natural Gas Company - Metgasco Limited Our business is about finding, producing, marketing and delivering gas from natural gas reserves. We are a natural gas company that is focused on developing the coal seam gas and conventionally trapped gas resources of the New South Wales Clarence Moreton basin.
BACKGROUND
ABC News 25 February 2015:
Metgasco has now
accumulated losses totalling almost $120 million.
The gas company's latest
financial report was released yesterday.
It shows Metgasco lost
more than $2 million in the six months to the end of last year.
Company directors say it
incurred significant legal expenses in its Supreme Court action against the New
South Wales Government.
It is still waiting on a
decision regarding the suspension of drilling approval at Bentley.
Metgasco lost a similar
amount over the last half of 2013, and its accumulated losses now total more
than $119 million.
Total equity is
listed at almost $10 million.
Labels:
Coal Seam Gas Mining,
Northern Rivers
So who is this new antagonist in the ongoing tension between Northern Rivers communities and the NSW Baird Government & CSG-unconventional gas industry?
It is no secret that NSW North Coast communities want gas exploration to cease and the gas industry gone from the region.
Map courtesy of Yuraygir Coast and Range Alliance
It has acquired PEL 445 which stretches from the NSW-Qld border down past Woodburn in the Richmond Valley, which makes it yet another mining company seeking to impose its will on Northern Rivers communities and, solicit the help of the NSW Coalition Government and NSW North Coast Nationals to do so.
So what is know about the AJ Lucas Group?
investSMART 2014:
NOTE:
Phillip James Arnall, Chair SCADA Group Pty Ltd, Director Felix Ventures Pty Ltd, Independent Non-Executive Director Bradken Ltd, Director Cuadrilla Resources Holdings Ltd.
Julian Ball is the Managing Director of Kerogen Capital (Asia) Limited, based in Hong Kong.
Andrew Purcell owner of Lawndale Group Pty Ltd.
Ian Meares associated with Autonome Pty Ltd – possibly a director.
ASX announcement 29 September 2014:
Kerogen Investments No.1 (HK) Limited (Kerogen) currently has voting power of 49.6% of AJ Lucas (Company) and is entitled to creep to a maximum of 52.6%. Kerogen has advised the Company that it may wish to purchase shares in the Company in reliance on the “3% creep” allowance in item 9 of section 611 of the Corporations Act.
ASX announcement/media release 26 February 2015:
Six months to December 2014 net loss before tax $13.2 million…..
"Revenue for the six months reflects the continuing subdued activity in the mining and minerals sector. However, the significant improvement in EBITDA highlights the impact of the restructuring that has occurred over the past 12 months. The business structure is now aligned with market circumstances and provides a solid platform for growth. "We continue to develop relationships with blue chip customers, and have won a number of contract tenders, including the recently announced significant contract to construct APA Group's Eastern Goldfields Gas Pipeline in WA. "Our focus now is to build on the solid platform we have created and to ensure our customers benefit from the considerable experience and knowledge we have developed in our core strengths of pipeline construction, directional drilling and project execution."
Amanda Purcell, wife of Andrew Purcell non-executive director of AJ Lucas Group Limited, purchased a total of 28,514 ordinary shares in Lucas Group Limited between 3 and 4 March 2015.
ASX announcement 6 March 2015:
AJ Lucas Group Limited (ASX: AJL) (Lucas) is pleased to provide additional information on the acquisition of the three Petroleum Exploration Licences (PELs) in New South Wales announced on 6 March 2015.
All of the PELs were acquired from Lawndale Pty Limited (Lawndale), a company controlled by Andrew Purcell, a non-executive director of AJ Lucas. Lawndale in turn acquired the PELs from Dart Energy Limited, a wholly owned subsidiary of Igas PLC, incorporated in the United Kingdom. Santos Limited currently has a 15% interest in PEL456, but has elected to earn a further 35% interest through an existing farm-in arrangement, which once completed will increase its interest to 50%. The balance of the equity interest in the PELs will be retained by Lawndale. Santos is the operator of PEL456 while PEL445 and PEL458 will be operated by Lucas or its nominee.
Significant exploration work has previously been conducted on each of the PELs and Lucas is confident of the presence of hydrocarbons.
In addition to the interests acquired in the PELs, the purchase includes an 80% interest in a significant amount of drilling and exploration equipment with a current estimated value of approximately $275,000 (together the Portfolio). The acquisition of the interests in the PELs is subject to approval by the New South Wales government. AJ Lucas has however already paid a $500,000 deposit for the purchase of the Portfolio which is only refundable in the event that the transaction does not complete because of any failure or default by Lawndale. Both Lucas and Lawndale believe there is no reason for the acquisition not to be approved in due course. Following approval of the acquisition of the PELs, together with the finalisation of formal due diligence and execution of formal documentation, the acquisition will settle with payment of a further $2.0 million.
Under ASX Listing Rule 10.11, Lawndale is a related party of AJ Lucas and as a result, Mr Purcell did not participate in the Company's investment decision.
The acquisition is being funded by the provision of a $2.5 million loan facility from Kerogen Investments No. 1 Limited (Kerogen), Lucas’ majority shareholder, secured solely against the Portfolio being acquired. The loan may be extinguished by the end of December 2015 by repayment of $2.5 million plus a fee of $250,000, or by transfer of the PELs to Kerogen. [my red bolding]
Kerogen Investments No 1 (HK) Limited (a private company registered in the British Virgin Islands) became a substantial shareholder in Lucas Group Limited on 30 September 2011 and is a substantial debt holder (AGM 2014). It is said of foreign companies using the British Virgin Islands as their official base that tax avoidance is one of the factors which may have influenced choice and, that the islands are a preferred choice of companies based in Hong Kong.
According to Fidelity Corporate Services Limited:
BVI Business Companies are exempt from the BVI income tax, from tax on dividends, interest, royalties, compensations and other amounts paid by a company; also they are exempt from all the capital gains, estate, inheritance, succession or gift tax with respect to any shares, debt obligations or other securities of the BVI IBC's. The companies are exempt from any kind of stamp duties relating in any way to its assets or activities, with an exception for land-ownership transactions in the BVI: in that case stamp duty remains payable.
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