Haven't followed this company closely, but seems a common theme in Australia, NT, new labor Govt bans fraccing, Victorian Lib Govt banned CSG and fraccing in 2012, Labor continued but complete ban on all onshore O&G exploration now til 2020.
Lakes Oil just about stuffed in Vic, as hasn't been allowed to develop onshore resources, while contracts for gas sales waiting in the wings, but obviously Govts in "cahoots" with majors.
Treasonous work going on IMO.
News: CNX Carbon Energy seeks trading halt, page-10
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