Originally Posted by
digger
Agree mistaTea about our cash going overseas but that is a direct outcome of Labour having to snuggle up to the greens. Banning extra exploration permits in effect also bans deep water drilling even if they have the so called right to go ahead as overseas companies are just put off and they have the equipments to do the drilling,so any ocean drilling in NZ is effectively banned.
Great to see where NZO plans to invest the money. Ironbanks at 15 trillion cf of gas [estimate] certainly makes the good old days of nzo drilling come back to life. In the partial t/o of nzo I did not sell any and in fact have bought some extra. To me it was just a matter of time b4 NZO had to play its hand on what and where to invest the 100 million. In fact I am not supprised where it is going . I have a fair holding in CUE so have been watching developments there and it already did cross my mind that todays announcement could be a expected outcome
Great work Nzo and for what it is worth it has my backing.[But then according to my family I am a drill baby drill nut]