Australian (ASX) Stock Market Forum

Natural gas

Joined
8 June 2008
Posts
9,383
Reactions
11,616
And closing coal too.once the woke view of Merkel diseappears she will be seen as one of the worst leader in Germany for a while.following the narrative and destroying the last European economic powerhouse.
Nice how you can be seen right after a few months..
But here we have decided to help Putin:
 

orr

Joined
15 May 2008
Posts
1,031
Reactions
359
Origin Energy pulls out of fracking in the Beetaloo basin.

There are some big implications for the future of gas in this country.

I hope they have alternative plans, like hydrogen.

Twiggy's has brought in Andrew Vesey to FFI and Origin position after giving the two fingers to Dingus Taylor on early shut-downs is nothing like that of AGL in 2018; so I'd say there's a few things moving in the right direction past the planning stage. As opposed to Beetaloo which will be a long time in the planning stage.

It's been the historical experience that wars/military ops end, sometimes abruptly. And if that; what for the european gas market then? and the global effect. There'd be some ahhh Big Impications.
 
Joined
3 July 2009
Posts
21,146
Reactions
13,587
Interesting update on the Beetaloo.


A company facing fines for refusing to front a senate committee investigating gas subsidies has overnight become the biggest player in the Northern Territory's Beetaloo Basin.

Key points:​

  • Tamboran Resources secured $195 million during its capital raise to buy Origin's permits
  • The project is now heavily backed by American billionaire Bryan Sheffield
  • Tamboran's CEO says he "couldn't disagree more" that Origin's sale was a red flag

After racing to raise millions of dollars in investments, the company now has power to explore for gas buried deep in the basin, across almost 2 million acres.

Origin Energy announced on Monday it would be abandoning plans to frack for gas amid what it described as "uncertain and expensive efforts to drive the projects into the production phase".

Tamboran locked in more than $195 million from investors in a matter of days, of which more than half came from "strategic money out of the US", according to the company's chief executive Joel Riddle.
Maybe the yanks are aware of the realities, more than the woke sector and Origin just can't be bothered with all the flack that they would cop between now and when it has to be developed?
Easier just to sell it to a company that is out of reach of the Australian media, than to hold it and take the constant bad press for doing so, no point in constantly fighting the renewable sector until it becomes obvious whether 100% renewables will work, or not.:2twocents
 
Joined
3 July 2009
Posts
21,146
Reactions
13,587
Top