It is not only Sydney’s outer west, the Mid-North Coast, Northern Rivers communities, local government, the Federal Environment Minister, some state and federal sitting MPs and certain candidates at the 2013 federal election which are lining up in opposition to the coal seam gas industry and mining companies such as Metgasco Limited – now the O’Farrell Government is beginning to feel the political and social backlash flowing from its unwise decision to force this socially disruptive, water-hungry and potentially environmentally destructive industry on the people of New South Wales and has announced a review all coal seam gas activity in NSW.
Metgasco has been quick to react as its commercial worries mount.
Metgasco has been quick to react as its commercial worries mount.
It is noted that Metgasco's External Relations Manager Richard Shields was Deputy State Director and Director of Party Affairs at the Liberal Party of Australia (NSW Division) until August 2011.
The O'Farrell Government and Minister Hartcher in particular would do well to remember that any sense that meetings with Metgasco are conducted under old mates network rules should be avoided at all costs.
NSW New regulations and administration
19 February 2013
The NSW Government has announced a range of new CSG policies and administrative processes. The details of these changes are not yet clear but they could have a significant impact on Metgasco’s Northern Rivers CSG operations. Metgasco understands that there will be a one month consultation process before the changes are finalised.
Metgasco has requested an urgent meeting with the NSW Government to better understand the changes and express our concern about the potential impact on Metgasco and NSW’s natural gas supply and business environment, including its manufacturing industry.
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.
We have established a large natural gas reserve base and are in the process of converting our gas reserves into gas supplies delivered to customers. Metgasco has grown its reserve base at a very low cost relative to other companies. Our finding cost per gigajoule of 2P reserves is amongst the lowest in Australia. This provides the basis for shareholder value creation in the future.
Richard Shields
Metgasco Limited
Mobile: 0418 418 877
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