Tuesday, March 6

Company behind fracking plan has never used process: Belfast

The international exploration firm behind plans to carry out 'fracking' in Ireland has never used the controversial gas extraction process commercially before.

And Australian firm Tamboran Resources will have to attract a major investor or it will never begin the €7bn (£6bn) project.

It has been granted option licences, permitting it to carry out testing in counties Fermanagh, Leitrim and Cavan.

But the company only has a handful of staff scattered across three continents and doesn't yet have the €7bn funds to carry out a full-scale commercial project.

The company is a consortium employing just 18 people, mainly living in Australia, New Zealand and the US. It has yet to carry out fracking on a commercial gas field.


Belfast Telegraph

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