Timeline: The rise and fall of Metgasco
WITH yesterday's announcement that gas miner Metgasco would decommission its two remaining wells and leave the Northern Rivers in the next two months, we look back:
JANUARY 7, 2013
Forty-eight day blockade at Glenugie, south of Grafton, broken - 18 people arrested.
JANUARY 16, 2013
Doubtful Creek blockade kicks off, and is broken on February 7.
APRIL 4, 2013
Metgasco share price hits historical low of 5c, down from 17c at the start of 2013.
APRIL 29, 2013
Metgasco starts decommissioning wells.
SEPTEMBER 7, 2013
Federal Election: Coalition voted in. New Federal Industry Minister Ian Macfarlane declares expansion of the gas industry in NSW.
OCTOBER 2, 2013
Metgasco announces plans to test for conventional gas at Bentley.
APRIL 1, 2014
About 2000 protesters mass outside the Bentley Rosella site at dawn, however the heavy equipment is a no-show.
MAY 10, 2014
Police and the Baird Government refuse to confirm if 800 police from across the state will be tasked to break up the Bentley protest camp.
MAY 15, 2015
State Government suspends Metgasco's Bentley licence for failing to meet community consultation conditions and refers the company to the NSW corruption watchdog. Metgasco confirms they will seek compensation over the government's decision to suspend its licence.
APRIL 24, 2015
The NSW Supreme Court overturns the State Government's suspension of Metgasco's exploration licence in Bentley.
NOVEMBER 2, 2015
Metgasco's board of directors agrees to sell the company's PEL 13, 16 and 426 licences to the State Government for the $25 million on offer, pending a shareholder vote.
DECEMBER 16, 2015
Shareholders vote to accept the buyback offer. The Northern Rivers becomes gasfield free.
JANUARY 20, 2016
Metgasco starts decommissioning and rehabilitating old wells, starting at Dobies Bight.