We're exploring, appraising and developing the vast gas resources of the Clarence-Moreton basin in northern NSW. Covering an area of approximately 1.1 million acres, the basin contains both unconventional and conventional hydrocarbon resources.
We've already established a large certified natural gas reserve position with reserves independently certified by MHA Petroleum Consultants (Denver).
Natural gas is a clean, low greenhouse gas emission fuel. When it is used to generate electricity it produces up to 70% of the emissions produced by coal fired electricity generation. As Australia moves to a more carbon constrained economy, the use of gas as a transitional fuel will become increasingly important.
Our business is about finding, producing, marketing and delivering gas from natural gas reserves. We are a natural gas company that is focused on developing the coal seam gas and conventionally trapped gas resources of the New South Wales Clarence Moreton basin.
We have established a large natural gas reserve base and are in the process of converting our gas reserves into gas supplies delivered to customers. Metgasco has grown its reserve base at a very low cost relative to other companies. Our finding cost per gigajoule of 2P reserves is amongst the lowest in Australia. This provides the basis for shareholder value creation in the future.
To capture value from our growing gas reserves, we are focused on gas sale and gas commercialisation opportunities.
Metgasco's project at Casino is one of the closest gas suppliers to the fast growing SE Queensland energy market.
- Lions Way Pipeline
- Richmond Valley Power Station
Investors & Media
Metgasco aims to build our business for the long term in a sustainable manner.
We recognise that we have a wide group of stakeholders. These include:
- employees and contractors
- land owners on whose land we operate;
- local regulatory authorities
- our suppliers; and
- members of the northern rivers community including indigenous groups.
- Corporate Governance
- Occupational Health and Safety