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Metgasco gone: shareholders accept govt buyback

Today Metgasco shareholders have decided to take the Government CSG licence buyout offer which means the Northern Rivers will remain gasfield free and protected by community.
A group of farmers and community members from the Northern Rivers travelled to Sydney to attend the AGM to witness the vote and the final act in a long and difficult journey to remain gasfield free.
‘We are estatic! This is something we’ve looked forward to for many years. Finally some closure and an end to the torment and fear that has pervaded the Northern Rivers since this company started mining for coal seam gas here.’ said Northern Rivers Gasfield Free Regional Coordinator, Dean Draper.
‘This gas mining company never achieved a social licence here, they have never been welcome, our community has demonstrated loudly and clearly in many surveys, marches and actions that this dangerous industry is not acceptable here under any circumstances.
Taking the buyout deal was the best way out for Metgasco, they would never have been able to operate here. It’s just a pity they didn’t take our advice and earlier as they would have saved themselves and the Government a lot of money.
‘Finally the people of the Northern Rivers can get on with their lives. The community will again have the confidence in the safety and long term sustainability of the region which is sure to fuel a lot of investment and growth in our region.’ Mr Draper said.
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