The Territory Government will make a decision on whether to allow fracking of major shale gas reserves to resume after its inquiry delivers a final report this month. ORG owns 70% of the Beetaloo basin JV.
The draft final report in Dec 2017 provided the following summary:
"No industry is completely without risk. And the development of any onshore shale gas industry in the NT [Northern Territory] is no exception. But having considered the most current available scientific literature and data from a wide range of sources, and noting the recent and continuing technological improvements in the extraction of onshore shale gas, the conclusion of this Inquiry is that the challenges and risks associated with any onshore shale gas industry in the NT are manageable by, among other things:
etc etc"
ORG
Price at posting:
$8.54 Sentiment: Hold Disclosure: Held
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