about time they have been talking about this for a while now
"BLUE Energy and joint venture partner Beach Energy will start the exploration process for commercial quantities of gas in the Fraser Coast region after being granted two more exploration tenements in the Maryborough Basin.
The new permits extend the group's prospective area from around Maryborough, Hervey Bay and Burrum Heads towards Bundaberg."
Source: http://www.frasercoastchronicle.com.au/news/search-gas-maryborough-basin-set-step-notch/1712706/
Background
The joint venture to extract more than 20 trillion cubic feet natural gas reserves in the Maryborough basin took a step forward last week.
Blue Energy and Beach Energy were granted two new exploration permits, bringing the total area of the joint venture to 2984sq km stretching between Maryborough, Hervey Bay, Burrum Heads and Bundaberg.
The US Energy Information Agency has identified a risked recoverable resource of 23 trillion cubic feet. Blue Energy will spend the next six to 12 months conducting environmental surveys and consulting with relevant stakeholders before it begins drilling.
other projects investors maybe interested in the area
http://www.tiarocoal.com.au
http://www.northernenergy.com.au/projects/maryborough/
____________________________________________________________
Market is slowly showing movement in the beach side suburbs around Hervey bay Maryborough and Bundaberg already for good quality homes and quality rental properties are getting hard to come by.
"BLUE Energy and joint venture partner Beach Energy will start the exploration process for commercial quantities of gas in the Fraser Coast region after being granted two more exploration tenements in the Maryborough Basin.
The new permits extend the group's prospective area from around Maryborough, Hervey Bay and Burrum Heads towards Bundaberg."
Source: http://www.frasercoastchronicle.com.au/news/search-gas-maryborough-basin-set-step-notch/1712706/
Background
The joint venture to extract more than 20 trillion cubic feet natural gas reserves in the Maryborough basin took a step forward last week.
Blue Energy and Beach Energy were granted two new exploration permits, bringing the total area of the joint venture to 2984sq km stretching between Maryborough, Hervey Bay, Burrum Heads and Bundaberg.
The US Energy Information Agency has identified a risked recoverable resource of 23 trillion cubic feet. Blue Energy will spend the next six to 12 months conducting environmental surveys and consulting with relevant stakeholders before it begins drilling.
other projects investors maybe interested in the area
http://www.tiarocoal.com.au
http://www.northernenergy.com.au/projects/maryborough/
____________________________________________________________
Market is slowly showing movement in the beach side suburbs around Hervey bay Maryborough and Bundaberg already for good quality homes and quality rental properties are getting hard to come by.