Junior gas explorer Metgasco, which quit its northern rivers CSG licence with a $25 million compensation package from the NSW Government in 2015, has picked up a new unconventional gas licence.
Junior gas explorer Metgasco has accepted the resignation of its CEO Peter Henderson as part of a strategic review that could see the company wound up before the end of the year.
Just weeks after selling its northern rivers CSG licences to the state government, Metgasco’s trucks have been spotted at its former Corella site at Dobies Bight,
It will be some hours before the result of today's Metgasco AGM, at which shareholders voted on whether to accept a government buyback of its northern rivers licences, is known. But the counting of postal votes turned up a shock result.
Members of Gasfields Free Northern Rivers are embarking on what they hope will be a final trip to Sydney to watch the outcome of a critical vote of Metgasco shareholders on Wednesday.
The indomitable Knitting Nannas will be outside Lismore MP Thomas George’s office in Lismore, and Metgasco’s office in Casino today for what they hope will be their last knit-in.
Jeff Johnson, Independent Ballina councillor. The NSW Government’s Metgasco buy-back offer is the news most of us have been waiting for. I’m surprised that a company that has breached its license conditions is getting a $25 million payout to go away.
Jennie Dell, Lismore. I fought hard for, and feel passionately about keeping the Northern Rivers Gasfield Free. I’m no apologist for Metgasco or the National Party. I was standing near Jenny Dowell when she said she’d emailed her thanks to Thomas George and Metgasco’s CEO after the buyback offer was announced.
The proposed buyback of coal seam gas licences in the northern rivers area has prompted renewed calls to divest in fossil fuel investments.
Story & photos Cloudcatcher Media News spread quickly across the northern rivers yesterday that the NSW Government had offered Metgasco $25 million to abandon their remaining PELs in the area. An impromptu gathering of community members and gasfield activists converged... Read More →
The NSW Government has struck a $25 million deal with junior mining company Metgasco that could see the Northern Rivers area finally free of the threat of gas fields.
Jennie Dell, Lismore. Mining is a speculative industry. Metgasco had a licence to speculate, issued by the then-Labor government and renewed over a decade with enthusiastic support from the governing NSW LNP government, represented in Lismore by Thomas George.
Metgasco CEO Peter Henderson has indicated that the government will have to offer a much higher price than the $1 million paid to Dart Energy yesterday if it wants the company to relinquish its north coast CSG licences.
The state government has spent $1 million buying back Dart Energy's coal-seam gas licence PEL 445, which covers a large part of the northern rivers, despite only having renewed the licence in December last year.
Northern Rivers residents opposed to coal seam gas mining should keep a close eye on the Australian Stock Exchange if they want to know when drilling might start at the Bentley. That's because Metgasco appears to have no intention of letting the locals know.
The Lismore City Council last night sent another strong message to mining company Metgasco …. ‘you’re not welcome’.
Lismore mayor Jenny Dowell believes a resolution passed by council in 2011 has the power to prevent Metgasco conducting seismic testing on Rock Valley Road planned for November.
Despite overwhelming public opposition, junior gas miner Metgasco announced Monday that a proposed timeframe for its Rosella (Bentley) drilling program will be announced ‘in the next few weeks’.
Linnie Lambrechtsen, Cawongla. Metgasco’s Mr Henderson has a hide as thick as a rhino, and about as much grace when in a bulldozer mood, which is why Metgasco had their license suspended and why it is Metgasco that should be sued, for the years of stress and disruption to everyday life that this company has caused to so many residents and taxpayers of this area.
Politicians from the Greens to the Nationals have responded emphatically against gas miner Metgasco’s announcement that it plans to use the courts to force an unwelcome return to the northern rivers.
Mining company Metgasco has today announced that negotiations with the NSW Government have failed. Meanwhile, CSG opponents will gather in Lismore and Grafton to protest inaction on promised buybacks.
A petroleum exploration licence that covers a massive area of the Clarence valley and reaches up as far as Whiporie should be cancelled, according to the Grafton loop of the Knitting Nannas Against Gas.
Ballina MP Tamara Smith has called on the state government to either buy back or cancel Metgasco’s license to drill for coal seam gas in the northern rivers. The call follows an announcement from miner AGL that it was divesting its CSG assets in Western Sydney and the Hunter Valley.
The state government should cease talks with gas mining company Metgasco and support legislation to cancel North Coast gas licenses, according to the Greens.
Concerned citizens are voicing their opposition to coal seam gas mining by supporting a documentary about the grassroots campaign to boot ‘a big, dirty industry’ out of the northern rivers and keep the region gasfield free.