Wednesday, September 11, 2013

Nervous Coal Seam Gas Miners!!

I was pleased to read these latest reports that tell me that Coal Seam Gas mining is on the way out before it even started on mass here in NSW. 

Although, to all who are protectors of this planet we live on at present,  there are still many places of grave concern to us because of this type of rogue mining and especially in Queensland on the Darling Downs and Surat Basin areas west of Dalby at a tiny place called Tara.. 

However in NSW it is a different story and one that is finally showing us there is some hope of a light at the end of the Csg Well.  If we can get them to leave the Pilliga now would be another giant plus.

Please read on as I dictated a transcript of Alan Jones on 2GB the other day as he commented on the worry Agl now have as do other energy companies in NSW.

IMG 9813 AGL FRACKING FARM
Sign on gate at Tiedimans Road Forbesdale outside Gloucester NSW
 The Coal Seam Gas miners are getting nervous now. AGL ENERGY has announced a 343.7million dollar write down on the value of its NSW coal seam gas assets. AGL's Chief Exec Michael Fraser said that Barry O'Farrells draft rules creating exclusion zones have wrecked AGL's plans to expand its existing operations at Camden, Gloucester and the proposed Broke project in the Hunter Valley.

The "Broke Project" was valued at 200 Million dollars and now its worth just under ten million dollars!
Fraser said the write down of these assets by would cut NSW gas reserves by 400 Petajoules in a state that depends on other states for 95% of its gas.

But so what if NSW depends on other states for 95% of its gas, as it probably also depends on other states for 95% of its bananas. It's not as if there is some sort of Berlin wall preventing trade between states.

Last time we looked the states were part of a single commonwealth with a shared Federal Government.
This notion that anyone apart from the miners faces a crisis because miners can't mine anywhere they choose is fantasy.

Any looming Gas shortages could easily be resolved by implementing a sensible GAS RESERVATION POLICY.

The game is just about up for COAL SEAM GAS outfits like AGL and they and their financial backers know it. Alan Jones 2GB

IMG 9829 Gloucester area
Looking east of the Fracking Farm at Gloucester!
SAM 8408
Alan Jones at the Bulga Court Case Rally Sydney August 2013
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