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CSG Industry in Trouble

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Apr 042013

What a difference a week makes. Metgasco have pulled out of the North Coast, shares have plummeted to 6c, Dart Energy announced that they are pulling out of NSW, yet say they still want partners for Fullerton Cove…that sounds smart?????, their shares are down to 4cents, the NSW government announced no more drilling within 2KS of residential areas and parts of the Hunter Valley, Barnett is on shaky ground with his James Price Point plan in WA- he’s the only one that still thinks it is a good idea. The US wants to export Gas to our buyers, the Chinese in the Australian today said that Australia is a hard place to do business when it comes to energy…sorry about that but we give a shit about the water, our land and the environment. Anyway cracks are forming big time but the battle has just begun cause the shale gas boys are about to hit town , so stay vigilant everyone. This is the asbestos of 2013, I reckon.