There is a news blackout on EEGC but it is progres
Post# of 403
Posted On: 09/25/2015 9:09:09 AM
There is a news blackout on EEGC but it is progressing at a rapid pace.
This is the way I think it will play out.
The Minister will grant the leases and hopefully drilling will start around the end of October/beginning November leaving 5 to 6 months of good weather for operations. By the time they gather oil the price should rebound and continue to rise. The Tasmanian government needs the revenue the taxes will provide to rebuild the neglected country and put the unemployed back to work.There is a lot of natural gas available as well. The new controlling investment is in the oil and natural gas exploration business and they are very sharp business people. It all looks good and its been a long time happening. There is a lot of money to be made in Tasmania and life styles will improve. Patience will be rewarded.
This is the way I think it will play out.
The Minister will grant the leases and hopefully drilling will start around the end of October/beginning November leaving 5 to 6 months of good weather for operations. By the time they gather oil the price should rebound and continue to rise. The Tasmanian government needs the revenue the taxes will provide to rebuild the neglected country and put the unemployed back to work.There is a lot of natural gas available as well. The new controlling investment is in the oil and natural gas exploration business and they are very sharp business people. It all looks good and its been a long time happening. There is a lot of money to be made in Tasmania and life styles will improve. Patience will be rewarded.
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