I got a quick message from up north near Corindi that the rig was seen moving down the Pacific Highway. I threw my camera in the car along with Ceceila sign and off I went and Carol and her hubby joined me on the bridge and in five more minutes Joe was there also. We got so much attention and this was evident of the horns beeping and lights flashing and thumbs up and cheers from drivers driving past. We were noticed that is for sure.
Sadly we missed the rig. Not our fault though as we really had no idea of this. But we did put in an effort that a lot of Australians driving through Urunga saw and were reminded of the horror going on where most never see.
This rig was on its way to Gloucester south of here in the top of the Hunter Valley. This land is prime farm land and it appears a lot do not want this but they are a very conservative bunch. I fear the knitting nanas need to go on the road to make the older generation wake up from their slumber. AGL are not going to be nice when this kicks off!
Water is more precious than Gold and John is right here in this image!
This afternoon on 2bbb on Melonpop Drive at 4pm there will be an interview and information time regarding csg and the hard facts. Tune in for this if you are around at that time.
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.
