Category Archives: What has the Victorian Government done?

Lakes Oil

Lakes Oil sues for $2.7bn over Victorian ban on exploration

Lakes Oil has issued an ASX release advising it has filed an Originating Motion with the Supreme Court of Victoria, reported by Lakes Oil below 07/12/16: The Board of Directors of Lakes Oil NL (Lakes Oil or Company, ASX: LKO) advises that the Company has, with its wholly owned subsidiaries Mirboo Ridge Pty Ltd and Petro Tech Pty Ltd, today filed a Writ in the Supreme Court of Victoria, initiating… Read Article →

gas ban

Minerals Council slams Victorian Government Ban

Minerals Council slams Victorian Government Ban The Minerals Council of Australia has recently slammed the Andrews Government’s nonsensical moratorium on onshore natural gas exploration, stating it was an “anti-science” decision that will cost jobs and investment in regional Victoria. The Minerals Council executive director, Gavin Lind said Victoria’s “regressive” energy policies and “antiquated approvals processes” were sending a chill through the entire Victorian mining industry. “Despite Victoria’s minerals prospectivity, the state’s international… Read Article →

shell

Shell boss states that gas ban will cost jobs

Shell boss states: “gas ban will cost jobs” As reported by The Australian 06/12/16 According to Shell managing director Mr. Andrew Smith, Victoria’s businesses will pay more for gas if the onshore exploration gas ban continues, which will put Victorian jobs at risk. Mr. Andrew Smith of Shell stated after meeting with Australia’s industry heavyweights held with Industry Minister Greg Hunt in Melbourne that gas would become more expensive while state… Read Article →

gas natural

Gas bans a risk to Victorian energy security: APGA

energy security threatened by Victorian Gas ban: APGA As reported by the Australian Pipeliner, 23rd November, 2016. Victoria’s decision to move ahead with legislating a permanent ban on unconventional gas extraction is extremely disappointing and risks the State’s economic future, said the Australian Pipeline and Gas Association (APGA). At a time when increasing the proportion of natural gas in our national energy mix would do much to cut Australia’s carbon… Read Article →

gas shortages

Gas shortages force out Australia’s largest wool producer

Gas shortages affect Australia’s largest domestic wool producer As reported by Cameron Best, ABC. December 2nd, 2016 Several suppliers to Victorian Wool Processors at Laverton North are now struggling to meet the necessary gas demands for wool due to Victoria’s gas supply shortages. A required 110,000 gigajoules of gas is needed to heat and treat the 12,000 tonnes of wool the company manufactures each year. The company’s general manager, David Richie… Read Article →

fraccing legislation Victoria

How bad is the Government’s retrospective legislation?

How bad is the Government’s retrospective legislation? The proposed retrospective legislation is severe and oppressive. It reflects poorly on Victoria, and potentially Australia, raising issues of sovereign risk. Companies, especially Lakes Oil NL, have made decisions based upon what the law is and will be massively disadvantaged if the law is changed in the way proposed by Government. The purpose of the Government’s retrospective legislation is to escape liability for… Read Article →

Drill rig victoria

How big are the banned onshore Victorian gas resources?

How big are the onshore Victorian gas resources that are banned? Lakes Oil NL has, without incident, carried out extensive and expensive onshore exploration programmes since the 1990’s. Building upon their programmes since 2012, the company has been ready to move to commercial production of their gas resources. Letters of Intent were in place for the purchase of gas from their Wombat gas field; the first field proposed for development… Read Article →

What is the Victorian Government doing?

What is the Victorian Government doing? The Victorian Government has proposed legislation to completely ban ‘unconventional’ petroleum exploration and hydraulic stimulation onshore in Victoria and to prohibit ‘conventional’ exploration until at least 2020. As part of the legislation the Government is retrospectively changing the law so that it is not liable for damages it is causing by its actions. The Government is planning to take away the property rights of… Read Article →

Truth of fraccing

The Inconvenient Truth

What is the Truth? The truth is that exploration activities, properly regulated as they are in Victoria, are totally safe, whether conventional or unconventional in nature. Community anxiety, to the extent it exists, has been stirred up by fanciful stories about possible problems with: • Hydraulic stimulation (frac-ing), based mainly upon blatant falsehoods in the movie ‘Gasland’. Journalist, Pelim McAleer, has documented the deceit of Gasland and its creator, Josh… Read Article →