News

ICAC abandons any enquiry into Metgasco

Metgasco boss Peter Henderson.
Metgasco boss Peter Henderson. Cathy Adams

UPDATE 6am Tuesday: THE damage to its reputation is already done, but the Independent Commission Against Corruption says it will not proceed with an inquiry into Metgasco's affairs.

Three weeks ago, on the same day he suspended the company's PEL16 exploration licence, NSW Resources Minister Anthony Roberts sensationally announced he had written to ICAC after receiving information about shareholdings and interests in Metgasco.

But yesterday ICAC deputy commissioner Theresa Hamilton wrote to the company advising them that, "shareholding arrangements alone are not indicative of corrupt conduct", and Metgasco's shareholder arrangements "did not fall within the ICAC's jurisdiction".

The decision will not have any bearing on the current suspension of Metgasco PEL16 exploration licence, a spokesman for Mr Roberts said yesterday.

But it appears there was no "corruption" to worry about, and Metgasco is relieved - but not impressed.

Metgasco chairman Len Gill said in a statement that Mr Roberts' announcement had done "major damage" to the company's reputation.

"We were shocked and extremely disappointed that the Minister chose to publicly name Metgasco," Mr Gill said.

He said the company was unaware of any basis for the referral.

A spokesman from Mr Roberts' office said the Minister was obliged under the ICAC Act to refer the company originally as the information "had been presented to him from three different sources that day".

 

ORIGINAL 2.45pm Monday: THE INDEPENDENT Commission Against Corruption, or ICAC, will not be conducting an investigation into Metgasco's affairs, the company announced today.

In an ASX statement Metgasco chairman Len Gill said the company had always maintained there was "no basis" for the referral to ICAC by Energy Minister Anthony Roberts last month.

Mr Gill said the announcement of the ICAC referral by the Minister had done "major damage" to the company's reputation.

The company also maintains that the suspension of its PEL16 exploration licence is invalid.

 

.




OPINION: Splendour idea for a long weekend

The Amphitheatre received Flume with open arms and danced to his music on Sunday night.

Splendour may do well picking a long weekend

10 biggest achievements for Ballina in the past 12 months

Ballina Shire Council has done a review of its delivery program and operational plan.

Many important projects are now complete, or well under way

REVEALED: The new spot to get Lismore’s best-loved pies

HAPPY FAMILY: Pie Cart owner Sharon Restall, centre, with her mum Kim Baker and Seb Lewis on his first day of his apprenticeship.

They make more than 500 pies a day for hungry locals and visitors

Latest deals and offers

Matilda The Musical's clean sweep at Helpmann Awards

A scene from Matilda The Musical.

TIM Minchin-scored production enjoys record awards haul.

Harry's MasterChef exit makes way for all-Noosa grand final

Harry Foster congratulates MasterChef finalists Elena Duggan and Matt Sinclair after a closely-fought semi-final.

YOUNG Rocky-born cook now working in his dream job in Tasmania.

Kim Kardashian West bemused by selfie 'drama'

Kim didn't expect her naked selfie to cause the stir it did

Alicia Vikander hasn't been home since Oscars

Alicia Vikander "hasn't been home" for nearly nine months.

Tom Hiddleston not worried about relationship attention

Attention doesn't bother 'authentic' Hiddleston

Robbie Williams and Ayda Field to expand family?

Robbie Williams and Ayda Field want more children.

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

Massive residential 9-storey high-rise hit by delays

An artist’s impression of the eight-storey-high apartment complex that Bernoth Holdings wants to build in South Toowoomba, next to the City Golf Club.

Developer struggles to get approved high-rise development started