Today the NSW Government announced the cancellation of Petroleum Exploration Licences (PELs) 2, 4 and 267 following buy-backs from AGL under the NSW Gas Plan.
PEL 2 covered 668,102 hectares stretching from south of Fitzroy Falls, through Western Sydney to west of Lake Macquarie.
PEL 4 covered 383,492 hectares in the Hunter covering Muswellbrook, Scone and Denman.
PEL 267 covered 489,827 hectares in the Hunter, including Singleton, Broke and Maitland.
These PELs collectively covered almost two per cent of the state. Under Action 4 of the NSW Gas Plan, the PEL buy-back scheme has now seen 15 PELs bought-back from their titleholders and cancelled.
I have always strongly supported the governments’ moratorium on CSG mining in special areas water catchment and the NSW Gas Plan. The success of the plan is a clear indication that the NSW Liberals & Nationals Government is delivering on our commitment to provide world’s best practice regulation of the gas industry in this state. We have now reduced the footprint of CSG from over 60 per cent of the state to 9 per cent.
The NSW Government has extended the PEL buy-back scheme under the NSW Gas Plan to 30 September 2015.
For maps of PELs 2, 4 and 267, please visit: www.resourcesandenergy.nsw.gov.au/landholders-and-community/coal-seam-gas/community/information-on-petroleum-titles/buy-back-scheme.