Monday July 6, 2015
Member for Mulgoa, Tanya Davies MP, today announced that the NSW Government has successfully bought-back and cancelled 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 around Muswellbrook, Scone and Denman.
PEL 267 covered 489,827 hectares in the Hunter, including Singleton, Broke and Maitland.
Tanya Davies said these PELs 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 titleholders and cancelled,” Tanya Davies said.
“This Government has now reduced the footprint of CSG from around 60 per cent of NSW to nine per cent.”
“The buy-back of PEL 2 is a significant announcement for the community of Mulgoa as it now means there is no CSG title covering the Special Areas of the Sydney Water Catchment.
“The success of the NSW Gas Plan is a clear indication that the NSW Liberals & Nationals Government’s is delivering on our commitment to provide world’s best practice regulation of the gas industry in this state.”
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 visit: www.resourcesandenergy.nsw.gov.au/landholders-and-community/coal-seam-gas/community/information-on-petroleum-titles/buy-back-scheme