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.

 

.




Surf club hopes shark barrier will boost member numbers

The first section of the Lennox Head trial shark barrier was put into position on Tuesday.

30% of members quit because of the "shark problem"

Wild dogs savage children's pet lamb in backyard

Rihanna Sriwichai, 3, feeds Billy the lamb before he was mauled by dogs.

"Billy was tied up and had no way to get away"

Overcrowded North Coast schools packed to rafters

NORTH Coast schools bursting at seams with too many students

Latest deals and offers

Taylor Swift dismissed from jury duty

Taylor Swift was dismissed from jury duty in a sexual assault case

Zumbo's Willy Wonka hat trick trips up Queensland brickie

Adriano Zumbo and Rachel Khoo with Zumbo's floating dessert in a scene from Zumbo's Just Desserts.

NOOSA'S Michael Basset asked to recreate floating chocolate dish.

John Lennon's killer denied parole for 9th time

John Lennon

John Lennon's killer has been denied parole for the ninth time.

Mexican band takes aim at Trump

Disguised as unhinged narcotraficantes, the Mexican-American agitators of BRUJERIA captured the mood of the citys minorities with the bands infamous and widely banned 1993 debut, Matando Geros (Killing White People), quickly becoming the Spanish-language counterparts to early grindcore masters TERRORIZER and NAPALM DEATH.  Photo Contributed

'Satanic drug lord' band challenges Trump

Willy Wonka star, Gene Wilder dead at 83

A still of Gene Wilder in the 1971 film Willy Wonka and the Chocolate Factory

Social media has already lit up with tributes to the late actor.

Falls tickets go on sale

Cold War Kids wow audiences at Falls Festival in Byron Bay despite the soaring tempratures and humidity. Photo Marc Stapelberg / The Northern Star

General sale starts at 9am

Australia's most expensive balcony and it hasn't been built

Viridian Noosa.

How Noosa millionares' squabble could affect body corporates

REVEALED: Pat Rafter's $18m Coast house on the market

Check out the photos of the Coast's most expensive property for sale

The "correction we had to have" in Gladstone's rentals

UPWARD MARCH: The rental vacancy rate in Gladstone has improved for the first time in more than a year, providing a confidence boost in the market.

Vacancy rates improve with signs that things are getting betterF

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

Investors eye Gladstone's $4m island with resort approval

UP FOR SALE: Turtle Island is on the market.

CHINESE and Sydney investors flag interest in Gladstone island.