"Failure to comply" could spell the end for Metgasco

METGASCO has been warned by the government that its "failure to comply" with the conditions of its now suspended exploration licence, PEL 16, "constitutes grounds for the cancellation of the title".

Following the shock suspension of the title yesterday by Resources Minister Anthony Roberts, the company is now urgently preparing documents to argue the case that they did in fact meet their community consultation requirements.

In a statement due to be released to the Australian Stock Exchange today, the company says the suspension of its Bentley project and the company's referral to ICAC over information received about shareholding and interests in Metgasco, had come without warning, the statement says.


The company says it is "not aware of any matter involving the conduct of Metgasco, its staff or of its shareholders that would constitute grounds for an investigation by ICAC" and had been unable to learn any detail about the referral.

"The Government's reason for the suspension relates to our community consultation program but the suspension letter provides little explanation of what we should have done that we did not do. No effort was made to seek any perspective from Metgasco," the statement says.

"Metgasco has conducted a thorough community consultation program over recent years and a specific program for the Rosella well.

"We have prepared the required annual community consultation reporting to government together with a plan for 2014 and received no negative feedback. Regular contact with the Office of Coal Seam Gas has not indicated there has been any problem with our consultation to date.

"We are preparing documentation now that demonstrates that we have fulfilled our licence condition requirements in this respect.

"We are seeking to have the government withdraw the suspension, allowing us to proceed with the well immediately. ... Without an immediate lifting of the suspension, the timing of the Rosella well becomes indeterminate and Metgasco will suffer substantial costs."

The company noted it had spent $100 million on developing the gas resource around the Northern Rivers and had all government approvals in place and a "willing landholder".

Topics:  asx bentley csg gas metgasco

Vikings, horses, art and showbags at North Coast National

Vikings (left to right) Gabriel Hooper, Peter Romilio and Michael Rowe with a replica model of a Viking ship on display at the North Coast National Show.

PHOTO GALLERY: The iconic Lismore show is on today

Loss of Mitch hit like a 'physical force'

Mitchell Eveleigh, who died in the 2006 crash on Broken Head Road. Southern Cross LADS.

The early morning hours after the accident were a "living hell”

Local Partners

Finishing touches to beautify Bangalow Weir

FINAL finishes on the Bangalow Weir are underway and residents are encouraged to join an upcoming beautify planting day.

Jethro Tull is back to Bluesfest

ICONIC: Ian Anderson of Jethro Tull at Bluesfest 2011.

Jethro Tull returns to Bluesfest next April

Beth Hart will set the stage on fire

ON FIRE: Beth Hart, coming to Bluesfest 2017.

American singer/songwriter Beth Hart

Emily's portrait of a landscape

ART SHOW: Emily Imeson's Portraits of Landscapes opens tonight. The young artist has been awarded an Arts NSW scholarship.

Artist Emily Imeson is turning the landscape art world on its head

Bruce Springsteen finds therapy useful

Singer Bruce Springsteen

Singer encourages others to seek help

Former Split Enz front man Tim Finn finds new niche

Singer Tim Finn has written the music for theatre production Ladies in Black.

Musician finds his way to theatre

Kerry Washington wants one more child

Kerry Washington recently gave birth to her second child

Kerry has only just become a new mum again

TRAVEL: Musicals light up Sydney

David Campbell performs in Dream Lover.

We take a trip through one of Sydney's finer scenes

Jethro Tull is back to Bluesfest

ICONIC: Ian Anderson of Jethro Tull at Bluesfest 2011.

Jethro Tull returns to Bluesfest next April

Beth Hart will set the stage on fire

ON FIRE: Beth Hart, coming to Bluesfest 2017.

American singer/songwriter Beth Hart

Kiwi siblings snap up Dotcom mansion for $32.5m

The new toy company owners of the Coatesville mansion want replace any controversy with positivity and fun. Photo / Barfoot and Thompson

The trio paid $32.5 million for the property in June

New $200 million development will create 580 jobs

Cassie And Josh with baby Alfie and daughter Andee. They have bought at new Lennox Head development Epiq.

Majority of new positions will be given to Northern Rivers locals

Cherrabah's mega resort plans axed

PLANS for a massive development at Cherrabah have been scrapped.

Dusit Thani finance crisis 'just a small hiccup'

ON TRACK: Springfield Land Chairman, Maha Sinnathamby, Ipswich Mayor Paul Pisasale, Developer Richard Turner and Springfield Land Deputy Chairman, Bob Sharpless, at the recent resort sod turning ceremony.

Property developer says project remains firmly on track

Heavyweight enters real estate market

Des Besanko principal and director of Raine and Horne Springfield.

Major rebranding which has seen two big name brands merge

Tenants renting rooms on Airbnb breaching lease

Rental properties.

Tenants renting rooms on Airbnb is a no no