Hogan, are you with the Knitting Nannas or Nash’s Nats? asks sitting Federal Labor MP for Page Janelle Saffin.
Nationals candidate Kevin Hogan really needs to answer that question soon - for his ability to represent those Northern Rivers communities taking a stand against coal seam gas exploration and mining is in question as reports continue to reveal his political bosses are not in the mood to not listen to party small fry like himself:
* The Coalition has stated that it wants to remove the additional layer of federal oversight for CSG projects should it gain power in September, and create a “one-stop shop” for approvals at state level.
* Worse still was Opposition resources spokesman Ian MacFarlane, whose own electorate of Groom takes in CSG proposals, calling on industry to work to ensure the controversy surrounding the gas sector rollout does not become an election issue.
He needs to further explain how he would rein in both his Coaltion colleagues and the industry given that in May 2013 even the Productivity Commission has observed:
the practices of some resource explorers (and some subcontract drilling operators and others) have tainted the reputation of the industry.
While just yesterday ABC News North Coast reported that an email trail revealed that NSW Liberal MP and Minister for Resources & Energy Chris Hartcher was so eager to accommodate Metgasco that he was determined to grant that company a CSG production lease ahead of approval conditions being established - apparently in an attempt to help Metgasco bolster its faltering share price.
A ploy which apparently worked - because in September 2012 Metgasco's share price did rally before once again beginning its inexorable fall.
* Worse still was Opposition resources spokesman Ian MacFarlane, whose own electorate of Groom takes in CSG proposals, calling on industry to work to ensure the controversy surrounding the gas sector rollout does not become an election issue.
He needs to further explain how he would rein in both his Coaltion colleagues and the industry given that in May 2013 even the Productivity Commission has observed:
the practices of some resource explorers (and some subcontract drilling operators and others) have tainted the reputation of the industry.
While just yesterday ABC News North Coast reported that an email trail revealed that NSW Liberal MP and Minister for Resources & Energy Chris Hartcher was so eager to accommodate Metgasco that he was determined to grant that company a CSG production lease ahead of approval conditions being established - apparently in an attempt to help Metgasco bolster its faltering share price.
A ploy which apparently worked - because in September 2012 Metgasco's share price did rally before once again beginning its inexorable fall.
http://www.abc.net.au/news/2013-06-03/foi-csg-ministerjpg/4730022
Update
The Daily Examiner 4 June 2013:
In another revelation, it seems Metgasco did not want to have any announcement about their production licence being granted before council elections on September 8, possibly because of the CSG referendum being held by Lismore City Council.
On 3 September 2012 Citicorp Nominees Pty Limited had 9,996,123 shares in ERM Power Limited which is Metgasco Limited's largest shareholder. This represented 5.93% of all issues shares and made the Commonwealth Bank of Australia its third largest shareholder.
Since
then the Commonwealth Bank of Australia and its subsidiaries appear to have
divested themselves of the bulk of these shares and the bank ceased to be a substantial shareholder in ERM on 7 May 2013. Has the bank also sold off its Metgasco shares?
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