Bentley suspension costs Metgasco more than $81m

METGASCO has posted a net loss of almost $86 million for the year ending June 30, 2014 according to its annual report.

It includes $81.2 million for "the impairment of the exploration and evaluation asset," a reference to the suspension of the company's Rosella exploration licence.

A letter from the chairman said Metgasco is committed to developing and commercialising gas reserves in northern NSW, "albeit... over a longer timeframe than previously envisaged".

Topics:  bentley blockade coal seam gas metgasco

Man accused of holding woman hostage remains in custody

Hostage situation at Hotel Cecil in Casino, Barker St  where a man held a female bar staff at knifepoint. Resolved safely by police at 12.53pm Wednesday, May 24.

He allegedly held a woman hostage with two steak knives

5 big issues to be decided at Ballina council meeting

Aerial view of Ballina

Ballina Cup day, dead whales, pool upgrades, new servo on the agenda

Storms roll in over the Northern Rivers

Clouds building up from the east and west.

The skies have gone dark and thunder is pounding the heavens

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