Business Services Industry
Queensland Gas clears up legal concern.
Australasian Business Intelligence, May, 2003
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May 01, 2003 (Oil & Gas Australia - ABIX via COMTEX)
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Three companies looking to exploit coalseam methane in Queensland's Surat Basin have settled a legal dispute. Queensland Gas Company will pay Icon Energy $A1.5m to acquire its interests in three authority-to-prospect areas that cover the Argyle methane projects. The arrangement is part of the solution to a legal argument over resource interests and ownership. It also sets in place a commercial framework for production sharing arrangements when it is ...
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