Opinion
Metgasco farce: Fracking madness in the premier state
Matthew StevensColumnistMetgasco shareholders have $108 million reasons to feel more than bitter about a miserable deal that will see NSW pay the gas driller to take its expertise elsewhere.
The premier state is to pay Metgasco $25 million to surrender a portfolio of gas exploration across the state's north. That might sound a great deal of cash to earn for simply giving back rights the state granted in the first place. But the three licences in question arrived with financial obligations that have been consistently fulfilled.
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