MetGasCo

Negotiations Continue With Metgasco After CSG Buyback Ends

A State Government program aimed at buying back coal seam gas exploration licences around NSW has wound up but negotiations with Metgasco to buy back its Northern Rivers exploration licences are continuing.

NSW Resources and Energy Minister Anthony Roberts announced the end of the buyback program yesterday.

Among those is Petroleum Exploration Licence 445 in the Lismore electorate, which the Government committed to buying back in this year’s election campaign.

Sign up now to start applying for jobs on Construction Hunter

In a written statement, Gasfield Free Northern Rivers spokeswoman Elly Bird said the government wasn’t acting on their election promise.

“They need to clarify exactly what they’re doing,” Ms Bird said.

“The last thing we heard is they were going to halt the sale, so what’s happening?

Ms Bird said it was about “peace of mind” for the gasfield free community.

“It was a very clear election promise that 445 would be dealt with, and as far as the public is concerned the deadline has passed.”

Asked if the State Government remained committed to the buyback of PEL 445, a spokesman referred The Northern Star to the last paragraph of Mr Roberts’ statement, which reads:

“Further PEL buy-backs from titleholders may be negotiated on a case-by-case basis.”

The spokesman said negotiations with Metgasco were ongoing.

Mr Roberts said the State Government had used the program to buy back 16 Petroleum Exploration Licences at a cost of $212,500 each.

Source

ConstructionHunter_Logo3

Comments

Join the conversation and leave a comment below