Apex Energy has lodged a modification to their currently frozen coal seam gas development approval in the Illawarra. They have applied to extend drilling deadlines to “three years from commencement of drilling of the first bore hole” for 16 wells spanning two drinking water catchments (Woronora and Nepean).
This is a necessary step to keep the Apex / Ormil (ASX:OMX) project alive. While the project is currently frozen, without this modification it will lapse for good on September 22, 2012.
If approved, it will give Apex and Ormil unlimited time to start drilling; to wait for the enormous community opposition and volunteer hours to tire.
However, approval can’t solve all the administrative problems faced by the project. Apex also needs to secure a new exploration licence (PEL138) to replace the one that lapsed in February this year (PEL442), freezing the project.
Stop CSG! Illawarra
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