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http://www.ntnews.com.au/ The territory government will today give the green light on Fracking

Falcon up 8.4% in Toronto, that looks to be the bargain of the decade! I managed to top up on Friday a little, but all ready too loaded up to justify me buying to many more I'm afraid. These are Happy days! Hey, Mirabeau, were missing you on here!

Time to accept fracking in NT NT News April 16, 2018 3:00pm THE NT Government’s decision today to remove its fracking ban will likely not be the news many Territorians want to hear when waking up this morning. The issue, as confirmed by long-term and respected Territorian Ken Parish, has been one of the most divisive and emotive in our history. But when proceeding with allowing the extraction of onshore shale gas we must consider what is best for the Territory and the people living in it. An independent inquiry prepared by Justice Rachel Pepper found any risks can be mitigated, or removed completely, if her 135 recommendations are followed. The Gunner Government will likely accept all of those recommendations today, and its first task will be to ensure every one of those will be regulated and overseen without exception. More importantly, any company that transgresses these restrictions must be punished forcefully, as they risk not only the environment but also the economic future of a viable Territory industry. The Gunner Government’s decision today is a smart one for the Territory. It will provide jobs, revenue and flow-on wealth for our future. Anti-frackers have their hearts in the right place. They want the same thing as the pro-frackers and other Territorians who support the fracking industry: a happy, healthy place to live. It is now time to move on together. The Gunner Government has taken advice from numerous experts in the field. It has accepted an independent inquiry by a former Supreme Court justice and enforced her recommendations. It has conducted intensive consultation with the community. The CLP, which has spoken with the same groups, also supports the industry. The umpire has made its call and it’s time to get fracking.

https://www.theaustralian.com.au/video/id-5348771529001-5771441508001/Onshore-gas-fracking-reportedly-given-the-green-light-in-Northern-Territory- More evidence that the ban is dead and buried, Sky News has reported this news tonight, see link above to the sky News video report. Apologies if this link has already been listed. I'm smiling like a Cheshire cat tonight, but I need to hear the news from the impressive Michael Gunner for reality to hit!

Gunner should have made the announcement before the markets open here in the UK, it will be interesting to see what the opening price will be and where it will peak. I'm optimistically thinking the price will head towards 60p, before settling down, though I hope O'Quigleys prediction of 100 is correct, if be tempted to sell a small percentage of it does.

Well done to every one who have been involved over the years, let's hope this is announced very soon by Gunner himself.. with another announcement by the great man, O Quigley. I can feel some celebrations coming on!

https://www.sbs.com.au/news/nt-gas-fracking-ban-could-be-lifted : SBS News suggests The Northern Territory government could announce that it will lift a ban on the controversial practice of gas fracking as early as Tuesday, see link above.

That's good advice for the more cautious investor, it's an option to wait for the news, then buy quick, though the time difference will mean that the market will know the news before we are able to trade, so you will have to be prepared to pay more. The price will likely move fast, just see how quickly JOG moved from 56p up to 328p. Maybe split the risk if you are sensible/ cautious !

Double Fridays finishing price if lifted.. the beady eyes will be watching down on us thereafter, ready to pounce!

This is more like it, it's moving to where it deserves to be, looking forward to where it will land come next week!!

Blue day!

Yes, radio interviews were quite telling, Katie wolf and the media seem to be pushing for the ban to be lifted. Let's hope we will be congratulations each other very soon!

Share price starting to react to the positive news feed, about time too! It will be a little easier sleeping between now and Tuesday knowing that good news is expected. Here's looking forward to the good news! https://outline.com/apEANV

This sounds like the news we have all been waiting to hear, it will be no surprise to us if the ban is lifted, it would be crazy not to lift it. Will the SP finally start creeping up on anticipation at last? I feel more confident about topping up before the announcement is made. I feel a huge cheer and a big sigh of relief about happen early next week!

emissions

If these scientists want to be taken seriously, then they should have made a submission to the inquiry within the timelines. Fact is they are late to the party and Justice Peppers recommendations are being considered by the cabinet members. I'm sure CO2 is a talking point for the cabinet, they may ask the developer to offset carbon omissions as part of their agreement.

New Zealand is stopping all new offshore oil and gas exploration to fight climate change. Prime Minister Jacinda Ardern announced the move, saying: "(We are) taking an important step to address climate change and create a clean, green and sustainable future for New Zealand." The Labour Party leader, who came to power vowing to reduce the country's net greenhouse gas emissions to zero by 2050, said existing exploration permits would not be affected. https://news.sky.com/story/new-zealand-stops-new-offshore-oil-and-gas-exploration-11327090

Well done Vegas for topping up, I need to do the same asap, the SP keeps creeping up a little every day now, and is likely to keep rising until Groundhog Day, and we have a good idea what is likely to happen come that day ;-)

Date to be lifted April 18th 12noon Aus time.. Fingers Crossed!

Considering the risk is now vastly reduced, the share price looks great value. It would be complete madness for the NT not to bury the moratorium, everything is feeling in to place for the NT. Am I right in thinking that there is now a 90% chance of the moratorium being lifted and the share price doubling within the next few weeks? Wondering whether it's best to top up before or after the moratorium is lifted?