bam_bamm Posted October 20, 2010 Share Posted October 20, 2010 we'll see how it pans out i guess. wouldnt mind hearing some thoughts from bermuda, mars et al... Link to comment Share on other sites More sharing options...
balance Posted October 20, 2010 Share Posted October 20, 2010 from the news wires... Australian Environment Minister Tony Burke still intends to make a decision on whether to approve two gas export projects in Queensland state on Friday, a government spokesman said Wednesday. "Nothing's changed at this stage, the decision will be made on Friday," a spokesman for the minister told Dow Jones Newswires. The identification of trace levels of cancer-causing chemicals in coal seam gas wells being drilled by a rival project has sparked concerns the minister could delay his decision. Link to comment Share on other sites More sharing options...
bam_bamm Posted October 20, 2010 Share Posted October 20, 2010 mmmmmmmmeeeh btex. what doesnt cause cancer these days? chocolate, red wine, living under power lines, coffee, x rays blah blah blah lol hopefully a decision can be made to satisfy all parties concerned (BOW shareholders included) Link to comment Share on other sites More sharing options...
HDW04 Posted October 20, 2010 Share Posted October 20, 2010 Ouch Wish Id held out a couple of days. Lot of negative press flying around recently, both re CSG as a whole and the approval. IMO we might see some downward pressure ST, LT still a great opportunity, and if it dips further in the absence of these announcements, I might have another crack. Balls of steel required! Cheers H Link to comment Share on other sites More sharing options...
bam_bamm Posted October 20, 2010 Share Posted October 20, 2010 apparently there'll be a protest in Martin Place today about csg and in other news.. Burke set to rule on Santos, BG Group CSG projects PERTH - BG Group Ltd and Santos Ltd look set to win Australian environmental approval on Friday for coal seam gas projects, clearing the way for final decisions on the $US30 billion investments.... Link to comment Share on other sites More sharing options...
mme Posted October 21, 2010 Share Posted October 21, 2010 Well it could be the start of another CSG stock run if positive particularly in Queensland!! Link to comment Share on other sites More sharing options...
balance Posted October 21, 2010 Share Posted October 21, 2010 Hi BB, In a previous post I said a decision will likely be made to half please everybody. It is too big to not go ahead and there are without doubt legit environmental concerns. It will be up to the companies to not hang themselves.Pollies cant afford to be seen to kill off huge investment, jobs etc. They'll be attacked from some side for any call they make.So they'll set the guide lines, make 'em tough and hand ball to the companies to not cock it up.That way they can say we gave them the chance, we created X amount of jobs and investment but they failed to fulfill their obligations. Just mho on what may happen. Link to comment Share on other sites More sharing options...
bam_bamm Posted October 21, 2010 Share Posted October 21, 2010 yep, i agree. there seems to be a lot of calls lately for independent monitoring and not self-regulation. i think that'd be a smart way to go, and should appease everyone involved. MP urges independent testing of coal gas wells Link to comment Share on other sites More sharing options...
mme Posted October 21, 2010 Share Posted October 21, 2010 Interesting this bit! "In that extraction process we do inject some chemicals into the wells but the suppliers of our chemicals have assured us that those chemicals don't contain BTEX," he said. Link to comment Share on other sites More sharing options...
balance Posted October 21, 2010 Share Posted October 21, 2010 I'm not pinning my ears back and buying it up but have not sold either. That may change tomorrow. Link to comment Share on other sites More sharing options...
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