Metgasco seeks out-of-court settlement
In its response to media reports, Metgasco confirmed that it has had discussions with the NSW government to seek an out-of-court settlement for the dispute over the suspension of Metgasco’s approval to drill a conventional and tight gas well. The discussions are confidential and without-prejudice.
Metgasco continues to argue that the Government’s suspension decision was unlawful and unjustified and has severely damaged its interests. Court action is currently underway to have the suspension decision lifted.
The company said it will not comment or speculate on the status or possible outcome of discussions with the government.
Press Release, August 25, 2014; Image: Metgasco