Hunt on for gas in Woodenbong
HOT on the heels of Casino’s big gas discovery, Queensland energy company Arrow Energy has announced ‘excellent’ results from their gas exploration activities in the Woodenbong area.
“We are still in the exploratory stage and it’s early days yet,” said Arrow Energy spokesman Gareth Quinn. “But we’re spending millions in the Woodenbong area in the expectation that it may progress to production stage.”
Arrow Energy notified the Australian Stock Exchange yesterday of ‘exceptional early results’ from their exploration programs in Queensland and Northern NSW.
“From these exploration activities we will be able to assess the viability of the Woodenbong reservoir,” Mr Quinn said.
He compared the Woodenbong exploration wells with Arrow Energy’s operation in Dalby, Queensland, in 2000. That site now has four production fields employing 80 people, and Arrow Energy is looking to invest another $1billion in the near future.
He stressed that gas wells, unlike mining, had a minimal impact on the environment.
Meanwhile, calls from Greens MLC John Kaye to cancel the planned $227 million transmission line to supply coal-fired power to the North Coast in light of the Casino gas discovery have been rejected by the network operator TransGrid.
Network manager Garrie Chubb said TransGrid would push on with the project.
“TransGrid has been in talks with Metgasco over the last few years and we’re well aware of their projects in the Casino area.
However, Metgasco’s current power station proposal at Casino is only a third of the size necessary to ensure a reliable supply of electricity to the Far North Coast post 2012,” he said.