May take some time to get things moving but looks very promising...

May take some time to get things moving but looks very promising in the medium term!

"Under new rules announced on Tuesday, about half the Terrritory’s 1.4 million sq km will be opened up to fracking of onshore shale gas reservoirs. (There will be no fracking in areas such as national parks, indigenous protected areas or tourist attractions).

An implementation plan is expected by July.

“A complex regulatory framework will take time and no hydraulic fracturing of unconventional reservoirs will occur until a required regime of recommendations have been implemented,” said Territory chief minister Michael Gunner.
The federal government plans to work with the NT “to develop gas industry in safe and responsible way”, federal resources minister Matt Canavan said on Twitter.
“I’m told by some of the best geologists in Australia that NT could have enough gas to serve Australia for almost 200 years,” Mr Canavan said.
“There could be oil too which would help our national security. It is hard to get a geologist excited but they are excited about this!”

https://unauthorised investment adv...enefit-from-the-reversal-of-nts-fracking-ban/