30 March, 2014

CSG licences in crosshairs

THE NSW government has clamped down on “two dollar” gas companies and lax licensing rules in response to community angst over the industry’s rapid expansion.
Resources and Energy Minister Anthony Roberts has frozen all new Petroleum Exploration Licence Applications for a period of six months.
In the interim, the government will audit the new and existing applications, and the approval system.
Licence holders will be asked to justify why their licence shouldn’t be cancelled.
Application fees have also been raised from $1000 to $50,000.

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source - The Land  27th March 2014

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