Sherlock Minerals Exploration Licences

See the map for the numbers which show where the exploration licences are.Sherlock Minerals Exploration licences

Sherlock Minerals Pty Ltd

Exploration Licence; 5385 looking for Copper Gold Lead Silver Zinc

Exploration Licence; 5386 looking for Copper Gold Lead Silver Zinc

Exploration Licence; 5387 looking for Copper Gold Lead Silver Zinc

Note that the other small areas on map are for;

Agricola Mining Pty Ltd

Exploration Licence; 5575 looking for Carbonate

Exploration Licence; 5576 looking for Magnesite

Guardian Media Group to divest its £800m fund from fossil fuels

GMG becomes largest fund yet known to pull out of coal, oil and gas companies in a move chair Neil Berkett calls a ‘hard-nosed business decision’ justified on ethical and financial grounds.

The Guardian Media Group (GMG) is to sell all the fossil fuel assets in its investment fund of over £800m, making it the largest yet known to pull out of coal, oil and gas companies.

The decision was justified on both financial and ethical grounds, said Neil Berkett, GMG chair: “It is a hard-nosed business decision, but it is influenced by the values of our organisation. It is a holistic decision taking into account all of those things.”

Berkett said fossil fuel assets had performed relatively poorly in recent years and were threatened by future climate change action, while an ethical fund already held by GMG had been a “stellar” performer and renewable energy was growing strongly. “This means we can adopt socially responsible investment criteria without putting at risk the core purpose of GMG’s investment funds: to generate long-term returns that guarantee the financial future and editorial independence of the Guardian in perpetuity,” he said.  Read more at http://www.theguardian.com/environment/2015/apr/01/guardian-media-group-to-divest-its-800m-fund-from-fossil-fuels

Obama administration unveils new fracking rules.

by David Jackson, March 20, 2015

The Obama administration said Friday it is tightening rules on fracking with regulations that it says will preserve the oil and gas extraction method while protecting water supplies and the environment.

The new rules, which take effect in June, require oil and gas companies to disclose the chemicals they use in hydraulic fracturing and to build large barriers to shield nearby water sources.

Environmental groups complimented the new rules on fracking, though some said the administration should simply ban the practice.

Members and supporters of the oil and gas industries denounced the new regulations and said they will damage a booming energy industry. Some immediately filed suit against the administration.

In announcing the new rules, Interior Secretary Sally Jewell said current well-drilling regulations are more than 30 years old, “and they simply have not kept pace with the technical complexities of today’s hydraulic fracturing operations.”  Read more at http://www.usatoday.com/story/news/nation/2015/03/20/obama-interior-department-fracking-rules-sally-jewell/25101133/

NT pastoralists show down with mining companies; Landline

Boiling Point on Landline on 16th March 2015

PIP COURTNEY, PRESENTER: Northern Territory pastoralists are the most unprotected in the country when it comes to their rights in facing up to mining and exploration companies. For years, they’ve been pushing for better protection and a bolstering of legislation. But nothing has happened and tensions are reaching boiling point.

Kristy O’Brien filed this report from Central Australia.  Read more and watch on http://www.abc.net.au/landline/content/2015/s4202290.htm

Chevron pulls out of unconventional gas in Cooper Basin

Read these three articles on Chevron withdrawing from unconventional gas exploration in Cooper Basin.

Chevron pulls out of Aussie shale exploration

By Sara Stefanini

Posted 27 March 2015 13:16 GMT

Chevron has pulled out of Beach Energy’s unconventional gas acreage in central Australia, just two years after the United States major made a splash by joining the project in a $349 million deal.

Australian independent Beach Energy, which owns the majority stake in the acreage, announced on Friday that Chevron had chosen not to participate in the second stage of the Nappamerri Trough exploration programme in the Cooper Basin.

“Chevron informed us that extensive technical evaluation has confirmed a large gas resource and potential for further appraisal,” Beach said. “However, at this time the opportunity does not align itself strategically with Chevron’s global exploration and development portfolio.”

Chevron’s 30% stakes in petroleum exploration licences 33 to 49 in the South Australian (SA) section of the basin, and its 18% stake in authority to prospect licence 855 in the Queensland section, will therefore be returned to Beach. Beach will fully own the SA licences and share the Queensland permit with Icon Energy, which has a 35.1% share. Read more at http://interfaxenergy.com/gasdaily/article/15669/chevron-pulls-out-of-aussie-shale-exploration

 

Chevron exits Cooper basin unconventional gas project

MELBOURNE, Mar. 30 2015 By Rick Wilkinson

OGJ Correspondent

Chevron Corp. has pulled out of the Nappameri Trough unconventional gas project in the Cooper basin, leaving other joint venture partners Beach Energy Ltd. and Icon Energy Ltd. to go it alone.

Chevron’s move comes despite confirmation of a large gas resource strategically placed near the hub of the Australian east coast gas pipeline transmission network.

Chevron believes that the onshore Cooper basin no longer aligns strategically with the company’s global exploration and development portfolio, particularly as the exploration budget has been slashed for its worldwide operations.

There is some justification in that Chevron has access to trillions of cubic feet of natural gas offshore Western Australia in the North West Shelf, Gorgon-Jansz and Wheatstone projects from where it can easily target major international LNG buyers. The move comes hard on the heels of Chevron’s announcement to quit its 50% interest in the Caltex downstream holdings in Australia (OGJ Online, Mar. 27, 2015).  The exit means that Beach and Icon now must find a new partner, or go it alone. In any event there is likely to be a slowdown of the Nappamerri Trough work program to a level that better matches current market conditions. Beach now reverts to 100% interest in PRL’s 33-49 in South Australia and 64.9% in ATP 855 in Queensland with Icon holding the balance of 35.1% in that block.

Read more at http://www.ogj.com/articles/2015/03/chevron-exits-cooper-basin-unconventional-gas-project.html

Chevron withdraws from ATP 855

Icon Energy Limited (ASX:ICN, “Icon”) wish to advise that Chevron Exploration Australia 1 Pty Ltd (“Chevron”) will not participate in Stage 2 in ATP 855 in Queensland.

The equity interests in ATP 855 following the Stage 2 decision will be, Icon 35.1% (unchanged) and Beach Energy 64.9% (Operator) (ASX:BPT, “Beach”).

Chevron advised Icon that extensive technical evaluation has confirmed a large gas resource and the potential for further appraisal and development, however, at this time the opportunity does not align strategically with Chevron’s global exploration and development portfolio. Stage 1 achieved all the exploration and technical objectives that were set by the Joint Venture partners.

Icon Energy Managing Director, Mr Ray James said, since the decline in oil prices the exploration industry has been operating in a capital constrained environment and I wish to thank Chevron and their unconventional natural gas group for their contribution to the Joint Venture in ATP 855.

 

SA State Mineral Royalties less than 3% and Oil and Gas under 9%

Royalties in SA

2012-2013

While Minerals production was 4.8 billion and Petroleum  production approx 1.1 billion

Minerals royalties paid to State : $107.5m only about 2.2% of production

Petroleum royalty $81.2 approx 8% of production

Total SA State royalties 2012/13: $188.7m

2013-2014

Mineral production 5.4 billion and Petroleum production 1.6 billion

Minerals royalties paid: $157.5m which is 2.9% of production

Petroleum royalty $133.9 is 8.3% of production

Total royalties 2013/14:  $291.4m

Information from DSD December 2014

UK Chief Scientist New Report Released – warns against fracking

The Guardian UK

Fracking risk compared to thalidomide and asbestos in Walport report

Historic innovations that have been adopted too hastily with grave unforeseen impacts provide cautionary examples for potential side effects of fracking, says report by government’s chief scientist Mark Walport.

Fracking carries potential risks on a par with those from thalidomide, tobacco and asbestos, warns a report produced by the government’s chief scientific adviser.

Read more at http://www.theguardian.com/environment/2014/nov/28/fracking-risk-compared-to-thalidomide-and-asbestos-in-walport-report?CMP=share_btn_fb

Leaks found at almost one in 10 AGL CSG wells at Camden

A coal seam gas field within 200 metres of residents in south-western Sydney has been revealed by the government regulator to have suffered a series of leaks.

The Environment Protection Authority report found one in 10 of the well heads in the Camden gasfield were leaking methane gas, despite an earlier 10-day investigation by AGL giving the field a clean bill of health.

The leaks, and the EPA and AGL’s failure to release the information until it was sought under freedom of information laws, have caused much concern.

Also, residents want to know why the NSW government’s 2 kilometre buffer zone for CSG in residential areas (in place since last year) does not apply to the thousands of residents living in the Camden electorate right now.

It appears that the leaks detected by the EPA were not picked up by AGL so there is a question mark over AGL’s ability to regulate itself.

Petroleum Company has Exploration Licences Cancelled

The NSW Government has announced the cancellation of three coal seam gas exploration licences held by Leichhardt Resources Pty Ltd due to the company’s failure to comply with licence conditions. The cancellations are PELs 468 near Rylstone, 469 near Nowra and 470 near Moree. This announcement comes after years of hard-fought community campaigning.

Minister Roberts said the licences were cancelled under the Petroleum (Onshore) Act 1991 on the basis that Leichhardt Resources had contravened or failed to fulfil specified conditions of the licences.  More specifically the Minister cited two areas of concern that were raised with the coal seam gas company as justification for the cancellation of the licences:  The allegation of not complying with the requirement for community engagement was raised in relation to all three licences; and the allegation of not complying with its work program obligations was also raised in relation to PEL 470.

DSD’s Roundtable Humour

This is a slide from the upcoming Roundtable meeting being held this Thursday in Adelaide.  This DSD produced slide can certainly be viewed a variety of ways. My interpretation is the people of the South East leading the plethora of miners away to whence they came. The only Nirvana outcome I can see here are the miners changing their mindset so that they realise the South East’s most valuable energy source is its wind.

DSD-Engagement-Cartoon