WE WON BENTLEY! Metgasco has a halt in Trading - ASZ

 Metgasco shares have been placed in a trading halt with the Australian Stock Exchange (ASX)amidst masses of controversy over the license for  PEL 16 Rosella E01 - The Bentley coal seam gas site in NSW. 

Metgasco shares halted amid mine outcry

Protectors opposite Gate A

The new Energy Minister Mr Anthony Roberts suspended Metgasco’s drilling permit to drill for Tight Sands Gas on Peter Graham’s farm at Bentley  Mr Roberts said he will be referring some aspects of Metgasco’s licence to ICAC.

Hearing those four letters mentioned, ICAC, was like music to thousands of peoples ears.  It has been difficult watching and reading and listening to the lies over the last two years since I first heard about Metgasco when they wanted to make Glenugie into a gasfield.

Many great and brave  people have kept vigil at the various gates at the Bentley blockade site and this has taken them out of their comfortable beds and away from families.  A lot of protecting has been done through really inclement weather and lots of mud.

The protectors and Simmos will be pleased to have such great news on a Friday just days before all hell was about to break loose with 800 plus PORS officers set to diverge on the site on Monday to clear the way for Metgasco.

The Police Association was instrumental in causing common sense to prevail regarding the police action and all day today it has been reported the police have been driving past honking horns and cheering out with messages like "YOU WON". 

Many were aware the Police in the Northern Rivers were unhappy about being ordered to participate in "Operation Stapler".   The man handling of 75 year old grandmothers and other ordinary people from the local towns and the farmers and the nurses etc etc was not what they joined the force for.  I think the union was very helpful.  I commend their all the members for voting it down'

The union had to take it  to the New Police Minister Stuart Ayers who would have then discussed it with New Premier Mike Beard  and to the New Energy Minister  Mr Anthony Roberts. All three positions recently being vacated by corrupt members of government in all of those portfolio's mentioned there.

Peter Graham the farmer who allowed Metgasco access to his property was still whinging today and waffling on to what ever cheap media would listen.  He is so out of touch to reality and he sounded immature and uneducated.   Peter Henderson Metgasco CEO was in damage control and looking very worried although he still spoke as if it would still happen.  I do not like Metgasco's chances, ICAC bound means the truth of the links to Disgraced politician Eddie Obeid and Australian Water Holdings and to Nic Di Girolamo, these connections are enough to put the full kaiwash on this ridiculous project.

Lock the Gate President Drew Hutton said he would like to see the licence cancelled.  Drew, so would we, so would we.

Images @ Eminpee Fotography

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Champagne Corks were popping on the North Coast today!

Small enclaves of anti Csg people were popping the champagne corks today as the news sank in about Metgasco's demise today.  Metgasco shares fell by 21% over the past two days and trading at around 7c late yesterday.
 On March 14 last year the share price was sitting at 39c, which was down from their all-time high of $1.51 in June 2008.  Jason McFadden from Ballina-based JPM Financial Planning said that over the past 12 months the company's value had fallen by 73%.  He said Metgasco stock was a high-risk proposition with it having only three major projects.

"I would say that if you are holding stock in the company today then you may have missed the boat," he said.
"Most stock brokers are currently recommending selling shares and there are a significant number of sellers in the market and not many buyers."   Information from Northern Star.

 

 ANTI-CSG group Lock the Gate is claiming a "massive victory" for the community after Metgasco announced it would suspend its Northern Rivers operations.

In a statement, Lock the Gate spokeswoman Boudicca Cerese said the decision vindicated the efforts of "thousands of people across the region" who had opposed coal seam gas.
Ms Cerese also rejected a claim by Metgasco community opposition had nothing to do with the decision to withdraw.

Lock the Gate spokeswoman Boudicca Cerese.

"Whilst the company may blame regulatory uncertainty for their decision, the fact is that their operations have faced massive opposition from communities across the region," she said.
"In the past two years we have seen the growth of an unprecedented social movement made up of people from across the political spectrum who are totally opposed to the industrialisation of our beautiful region for coal seam gas mining.
"We have seen all sorts of innovative and creative actions from community members ranging from the development of the grass roots gas field free community surveys to the formation of community action groups like the wonderful Knitting Nannas Against Gas.
"We have witnessed the largest ever rally in the region with 7,000 people on the streets of Lismore last May marching against coal seam gas.
"We have been inspired by the courageous efforts of local communities and their supporters at Glenugie and Doubtful Creek who have survived floods and wild weather whilst continuously blockading Metgasco's drilling operations for almost four months.
"People from all walks of life have come together as never before- farmers, townspeople, Aboriginal traditional owners, tree changers, you name it- working collaboratively in the face of our government's failure to protect what we all hold dear- our natural places, food growing land and precious water supplies," she said.
Lock the Gate regional coordinator Ian Gaillard warned Metgasco would face renewed opposition if it ever tried to make good on its plan to return to the region once the regulatory environment had settled.
"The people of the Northern Rivers have shown that coal seam gas companies simply cannot operate in the face of empowered and resolute community opposition," Mr Gaillard said.
 

Images @ Melopopzdropz Flickr _ METGASCO VEHICLE ONLY!

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• Drew gets arrested now at Doubtful Creek Blockade...
• Protests continue as Metgasco vows to return
• Coal seam company shuts NSW wells
• Metgasco promises north coast return
• Metgasco closes Northern Rivers CSG wells
• Metgasco not worried about share price slump

Yaayay it is party time.. to a small degree.

But this is only a small reprieve as the fight widens now to Washpool National Park and the PEL16
It is party time though still because Metgasco Shares are at an all time low sitting around 14cents a share on the ASX at the moment.  Any financial institution that gets into bed with these guys has got to be run by mad men.
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=MEL

The Csg industry in Australia is leaking like this fresh water on the beach in the vicinity of the Thornbill E04 PEL

On the 8 February 2013 this was the Metgasco Drilling report:
Drilling announcement
Rig mobilised to Bowerbird E04 site
Metgasco advises that the AJ Lucas Rig 103 was mobilised to the Bowerbird E04 well site in PEL 13 from the Thornbill E04 site. Metgasco expects to spud the well over the next few days.
The commencement of the Bowerbird E04 well was delayed due to the recent floods in the Northern Rivers area.
Bowerbird E04 is a vertical exploration well designed to further assess the Walloon Coal Measures to the north of the Bowerbird E02 well, drilled in 2010. The total planned depth of the well is 550 metres. The well will be “plugged and abandoned” before the rig leaves the site and the site rehabilitated.
This well is the second well in the 2013 work program approved by the New South Wales Government. Following the completion of this well Metgasco will prepare to drill 3 lateral wells in PEL 16 to demonstrate the productivity of the coal seams and a conventional well to test the Greater Mackellar structure.
Metgasco has a 100% interest in PEL13 and PEL 16.
ENDS
Investors: Sean Hooper 0411 760 509
Media: Richard Shields 0418 418 877
http://www.metgasco.com.au/files/1193478.pdf

MARKET BRIEFING
What are your plans for drilling the Greater Mackellar structure and how large is this structure?
Peter Henderson
Right now we’re analyzing the successful seismic data captured late last year. This data will help us to better define the structure before drilling of the Rosella-1 well starts. Our plan is for drilling to occur over the May to June period.
http://www.metgasco.com.au/files/1188710.pdf

http://www.lngworldnews.com/metgasco-completes-seismic-acquisition-program-in-pel-16-australia/

 Rosella -1 is in the Washpool National Park. I am fairly sure.  They intend to do this in April May  it is suggested in another publication and here in this report they say May June.  We need to assemble now and get good vantage points of action against these people destroying country that is so sacred with this indiscriminate Csg Fracking industry of death.
Images @ Melonpopzdropz Flickr