DART Energy has announced that it will not drill at Fullerton Cove, despite winning the court case.
Dart shares have tumbled to record lows as the company cuts costs and slashes jobs. Dart will close offices and axe 70 per cent of its workforce. It is suspending field operations at Fullerton Cove, near Newcastle in NSW, and switching its focus to CSG projects in Britain and China.
Lock the Gates spokesperson for Hunter region, Steve Philips says :
“The people of Fullerton Cove have fought bravely to defend their community from a global gas company, and for now at least, they have won. Dart Energy were never welcome at Fullerton Cove. 97.5% of Cove residents voted to be CSG Free. When Dart tried to bring a drill rig in last August, the people of Fullerton Cove staged a courageous blockade lasting over a week.”
“We call on Dart Energy to end the uncertainty for residents in the Lower Hunter, and relinquish their exploration lease.”
This is the second CSG company in NSW to retreat in the face of mass community protest. Last month, Metgasco suspended operations in the Northern Rivers, after continuous blockades by residents.
“CSG companies have no social licence to operate in NSW, “concluded Phillips. “We call on AGL, Santos, and all other CSG companies to follow the example set by Metgasco and Dart, and suspend their operations.”