The coal seam methane explorer today said the assessment requirements from the NSW Department of Planning would allow the company to move forward with its Casino Gas Project.
“These provide the company with a firm basis for undertaking its environmental assessments in a clear and transparent manner,” managing director David Johnson said.
“This will enable us to meet with both community and regulatory expectations and, at the same time, assist in planning for the development of the Richmond Valley power station and Casino Gas Project.”
The Richmond Valley station is a 30MW gas-fired power station located near Casino in northern NSW.
The project will be supplied gas from the company’s adjacent coal bed methane reserves.
Metgasco last week announced it had completed a $2.36 million capital raising, involving the placement of 11.78 million shares.
Proceeds will replenish working capital and help the company fund additional drilling to expand its proven and probable (2P) gas reserves position. The company said it hopes to achieve over 100 petajoules in 2P reserves.
Metgasco says it holds the largest certified gas reserves in NSW. It is currently conducting production testing on its horizontal well pilot program at Casino.
