NSW buys back three more PELs
Petroleum Exploration Licences (PELs) 2, 4 and 267 have been cancelled following buy-backs from AGL under the NSW Gas Plan.
• PEL 2 covered 668,102 hectares from south of Fitzroy Falls, to west of Lake Macquarie.
• PEL 4 covered 383,492 hectares around Muswellbrook, Scone and Denman.
• PEL 267 covered 489,827 hectares including Singleton, Broke and Maitland.
Minister for Industry, Resources and Energy, Anthony Roberts, said these PELs covered almost two per cent of the state.