Hey Tamboran, what’s going down down down? Your share price! Even after NT gov’t approved frac’ing and gave you $1.5 billion subsidy. Just another frac scam to steal from investors and the citizenry?

Snaps taken Sept 6, 2023

Mark Ogge@MarkOgge Sept 6, 2023:

So weird. NT fracking company Tamboran’s share price has completely tanked SINCE the NT government approved fracking, and despite $1.5 billion subsidy from the Australian Government.

What is going on ?!

Steve Blume #VoteYES@SteveBlumeSEC:

It’s a Zombie project that won’t be built let alone operate long enough to get a realistic return.

Jill Walker@123jillwalker:

$1.5 billion subsidy? Get the taxpayers’ [money] back!

Refer also to:


Tamboran’s Middle Arm land allocation proves $1.5B in federal funds were always intended as a fracking subsidy

Confirmation from Tamboran that it has “secured” 170 hectares at the Middle Arm petrochemical precinct in Darwin Harbour proves beyond all doubt that the publicly-funded facility will exist to artificially prop up a Northern Territory fracking industry.

Tamboran’s ASX statement says the land “is expected to host a (fracked gas) development with an initial capacity of 6.6 million tonnes of LNG per annum, with the potential for expansion”.

Tamboran was fined $6,500 in January this year for using more than 300,000 litres of drilling sump waste water for dust suppression.

The Northern Territory’s environmental regulator has also reportedly launched an investigation into allegations that heavy metal contaminants such lead and barium have since been found in a nearby cattle breeding paddock.

Frack Free NT spokesperson Phil Scott said, “This announcement confirms what groups like ours have been saying since day one – that the government-provided $1.5 billion for the Middle Arm Precinct will be a taxpayer funded subsidy for fracking companies like Tamboran.

“This is the Albanese and Fyles Government working hand in fist to artificially create a market for fracked gas when otherwise, it’s unlikely production scale fracking would be economically justifiable in the Territory.

“These governments have claimed that they won’t support fracked gas projects if they don’t stack up environmentally, socially, or economically, but here they are sinking scarce public funds into a risky, climate-wrecking project regardless.

“Tamboran is a multinational company, with a billionaire backer – there’s no way Australian taxpayer dollars should be used to support its polluting fracking plans.”

Lock the Gate Alliance National Coordinator Carmel Flint said, “We call on the Albanese Government to take immediate action to stop Tamboran accessing a facility that will be built using taxpayer funds.

“It’s appalling that new fossil fuel projects like fracking are even being considered as we teeter on the brink of climate catastrophe, but for public money to be spent facilitating them during a cost of living crisis is totally unacceptable.”

2023: Hello gamblers: Another frac scam to lure in wary investors? ExxonMobile “bets” it can ramp up shitty results by refrac’ing. Not: Encana/Ovintiv refac’d, refrac’d and refrac’d Rosebud and other communities to hell and back, still lost masses of money and ran away to USA

2023: U.S. Shale bites dust as Art Berman warned over a decade ago? Investors finally smartening up to the fraud that is frac’ing?

2023: Dear Ruby River Capital LLC and your Énergie Saguenay: Take your greedy Clusterfuck lawsuit for *your* failures back to Hell. How many hundreds of $Billions would *you* owe Canadians for your part in burning Canada up and polluting our climate, air, land, water and public health via frac’ing? You owe us! Not surprising Osler represents you.

2023: Australia: NT gov’t hit with frac lawsuit, had a “terrible track record of failing to regulate highly polluting industries … we’re arguing the minister failed to lawfully assess Tamboran’s environmental plan by not identifying and considering all the risks”

2021: Frac Flip-Flopper Canadian company ReconAfrica (plans to invade 13,200 sq miles of Africa’s most wildlife-rich habitats) doing the hanky panky to mislead investors? And operating like Encana without required permits?

2021: Frac ‘n Shale Sale: Everything Must GO! “Shale Investors Looking for Greater Fools” & “The Return of Liar Loans”

2021: Oil patch hot potato: Walk from billions in clean up costs. “It’s the public who loses.” Frac’ers, including Encana/Ovintiv, working to reduce debt and keep investors from fleeing.

2021: Petromasculinity: Diamond Offshore Drilling got $9.7 million tax bailout, filed for bankruptcy protection, paid $9.7 million in executive bonuses, laid off nearly a quarter of its workforce. Seadrill Limited got $3 million bailout, did nothing to stem layoffs or bankruptcy. Superior Energy Services announced $115 million in payroll cuts, layoffs, furloughs; got $30.5 million tax bailout, paid $44 million to top execs, filed for bankruptcy

2021: Judge lets nasty frac’er escape bankruptcy, rules Chesapeake is worth $1 Billion more than the company does, sets free $7 Billion in debt, gives “big payday” to some, says to CEO Robert Lawler: “To remember that a lot of people have suffered a lot of pain for Chesapeake to have a second chance….”

2021: 700 groups ask Ireland to introduce resolution to UN General Assembly to ban frac’ing globally, highlights urgency with which human rights, climate, environmental and public-health impacts of frac’ing must be confronted. Dr. Edward Ketyer: “A global ban on fracking will improve public health and safety everywhere, not just in communities that have been damaged and scarred by unconventional oil and gas operations”

2021: Meet Johnny Gogan, filmmaker of Groundswell; Important “document” of how a small rural border community in Ireland beat Calgary frac’er Tamboran leading to a country-wide frac ban and now working for a global ban.

2021: New study: Frac’ing is a Big Fat Fail; Appalachia’s frac boom failed to deliver on promises of local jobs and benefits. Of course it did, frac’ers and their enablers knew it would; frac’ing survives on conning investors, massive debt and gagging the harmed. Locals get: health harms; toxic homes, schools, water, air and land; frac’d authorities and courts; massive stress and sleepless noisy stadium light-filled nights; damaged roads and other infrastructure; more women and children raped; more STDs; lies and useless commitments from companies and lobby groups; fraud from experts and regulators; mega $Billions in clean-up.

2020: CNBC’s Jim Cramer: “I’m done with fossil fuels … they’re just done. We’re starting to see divestment all over the world. … It’s going to be a parade that says, ‘Look, these are tobacco and we’re not going to own them.’ … Younger people don’t want to own them. The dividends are great…but you can tell that the world’s turned on them. It’s actually happening really quickly.”

2020: Online Nov 13, 2020: World Premier of “Home is a Sacrifice Zone” by Johnny Goran, Bandit Films at 65th Cork International Film Festival: How an Irish border community took on Calgary’s Tamboran & the Irish govt to force a change in oil & gas law

2020: Law-violating, aquifer-frac’er bully Ovintiv/Encana/(Cenovus spawned after Ernst lawsuit filed): “New York-based investor considers Ovintiv…to be the poster child for all that ails the North American exploration and production sector…. The sector as a whole is rife with excessive compensation and a lack of accountability”

2020: Frac Tank Reality Show: “Debt, Debt and Debt” and more debt; Judge-gifted bankruptcies to keep companies frac’ing & polluting and con investors into losing more money; Abandon thousands of frac harmed families; And intentionally dump pollution and clean-up on taxpayers. In the USA, “explorers burned through some $342 billion of cash since 2010, leaving little in the way of returns for investors.” In Alberta, AIMCo took $100s of millions (under Kenney & Harper, will likely take $billions more) from pensioners years ago to give to “quite leveraged” frac’ers already then.

2020: What does frac’ing do best? Polluting us while going bankrupt: “Staggering” $86Billion in debt maturities coming due. Investors now have “risk aversion” to the sector.

2020: Myth of American energy independence based on willful deception “Alice in Wonderland” forecasts by U.S. EIA. Best way to con investors into losing $Billions! The Permian is flat lining, most frac’d shale plays “don’t amount to a hill of beans.”

2019: Down down down they blow! Fracking sector spills more red ink in Q3, Cash flow from E&P companies disappoints debt, equity investors ‒ again

2019: Quintana Energy Services Inc., oil field services company (went public in Feb 2018) cuts over 130 jobs, assets, C-level position to reduce costs; many companies dealing with “shifting investor expectations” and “crushing” debt

2019: N Ireland citizen letter, with copy Andrew Nikiforuk’s Slick Water, to Dept for the Economy, Minerals and Petroleum Branch, lodging objection to Tamboran’s application to frac.

2019: Jessica Ernst Submission to “No Fracking Fermanagh” (Northern Ireland) Petition

2017: Arthur Berman: The Shale Gas Revolution Is A Media Myth. Big banks are catching on. Will investors too?

2016: Trying to lure investors while frac’ers go bankrupt at record rates? Junex Says Galt Well in Quebec’s Forillon Formation Delivering “Historic Results.”

2014: The end of shale gas exploration? “Output from shale wells declines so quickly that they will never be profitable – when investors realise this, the industry will collapse”

2014: The People of the Emerald Isle vs Tamboran & Fracing: VICTORY! They made it by….

2014: Belcoo, Northern Ireland: Tamboran accused of “an act of aggression” at an emergency meeting of Leitrim County Council; Unanimous vote to seek intervention to end Tamboran’s drilling

2013: Film premiere ‘Fracking in Fermanagh’ outlines ‘devastating’ effects of fracking on rural communities

The division of rural communities is one of the worst effects of fracking, a Fermanagh audience heard on Tuesday night. In a new film called ‘Fracking in Fermanagh what could it mean?’, Canadian environmental scientist Jessica Ernst, who has experienced fracking near her farm in Alberta for the past 10 years, says: “I thought not being able to trust my drinking water was the worst affect of fracking but it’s the division of the community. The promise of money to some makes them obedient. I have witnessed heartbreaking betrayals on neighbours. Rural communities no longer take care of themselves as they used to. Whereas before they could fix the roof of their community centre themselves, now they are running to the company looking for money. There’s a loss of pride.” She also warns farmers of the “dire impact” of fracking, saying: “Be careful what you believe. Farmers in Alberta had to fight for the money they were promised.”

[And many Canadian farmers and counties are currently coping with companies not paying rent, walking from their contracts and not cleaning up!]

In addition, farmers in Alberta were left liable for the gas mitigation from frack sites, meaning they could not use the land once the frackers left, but were still responsible for the clean up. This, and other stark messages were made in the film which was made by 15 local students (aged 9-22), facilitated by Enniskillen’s Development Media Workshop, and part-funded by Fermanagh District Council. It was dedicated to the memory of the late Josh Gallagher who had been involved with the film. 

The Ardhowen Theatre was sold out on Tuesday night with gasps and angry exclamations heard in reaction to what was shown on screen.

The film narrator explains that Enterprise Minister Arlene Foster was approached twice for an interview but declined. This was met by boos and shouting from the crowd. During a panel discussion after the film, Enniskillen actor Ciarán McMenamin said: “It’s good to see that our young people have our interests at heart, even if our politicians do not.” Fermanagh South Tyrone MP Michelle Gildrenew stated that “Sinn Féin will use every legislative measure available north and south of the border to stop Fracking.” She added: “Fracking will turn Fermanagh into an absolute sh**ehole.” 

The young film-makers interviewed farmers, fishermen, tourism providers, ecologists, doctors, young people and politicians. International perspectives on fracking were given by Jessica Ernst and Dr Eilish Cleary, Chief Medical Officer for Health, New Brunswick, Canada, both of whom have spoken at public events in Fermanagh earlier this year. The majority of Fermanagh folk are not aware of the magnitude of what fracking involves, the audience heard.

Tamboran Resources plans to create 60 fracking pads in Fermanagh (each pad will be about seven acres in size, and concreted), one mile apart, covering 40,000 acres. “This will have a terribly detrimental affect” on Fermanagh changing it from a scenic, rural area into a heavily industrialised zone dotted with frack pads, the audience heard.

During the film, local farmer John Sheridan, who lives in the shadow of Cuilcagh mountain, says that chemicals brought up from deep underground during the fracking process are very likely to spill into our ground water, thereby leaking into our lakes and rivers and subsequently into our food chain. These chemicals could also evaporate from ponds on the frack sites, causing air pollution. He is backed up by Jessica Ernst who says: “They are bringing up unknowns that have been locked underground for millennia,” including naturally occurring heavy metals and radioactive materials such as arsenic, cadmium, chromium, thorium and uranium (all carcinogens which can cause cancer and respiratory diseases in humans). Air may also be contaminated by volatile chemicals released during drilling (combustion from machinery and transport) and from other operations, during methane separation or by evaporation from holding ponds, Jessica Ernst points out. John Sheridan concludes: “Farming or fracking; it’s going to be one or the other.”

A major problem is fracking waste, the film continues. This wastewater not only contains the toxic and hazardous chemicals used in fracking fluid but also contains contaminants that it picks up from deep within the earth, most notably heavy metals, volatile organic compounds, salty brine and radioactive materials. “In Alberta, money was given to farmers to spread this waste on their land,” Jessica Ernst says.

Photos of this waste spreading process were met by gasps of shock by the audience. “What becomes of the drilling waste is a big hole in the story that fracking companies are not telling us,” she states.

Belcoo father-of-five Sean Sweeney tells film-makers that he needs to feed his family so he was initially happy to hear of the potential fracking jobs coming to Fermanagh. However, after researching the process, he says: “No way. These people are dealing with toxic waste and chemicals. Why would I expose myself and my family to that?” He says if Fermanagh allows Tamboran to frack, locals will have ruined the landscape for future generations and will have noone to blame but themselves. He received laughs and applause when he quipped that the new Ulster Way brochures would have to state: “Here’s your gas mask, mind the lorries and enjoy your walk!”

Terry McGovern Chairman of the Lough Melvin Anglers Association is worried about copious amounts of water being taken from Lough Melvin and then pumped back in. “What state is it going to be in?” He worries that the approximate 700-800 jobs in the local fishing industry could be jeopardised if fracking gets the go-ahead. Local caver Tim Fogg takes viewers to St. Patrick’s Holy Well in Belcoo where water rises from an underground spring at 45 litres per second. He points out that very little is known about where these springs originate, adding: “It doesn’t add up that you can just move into the area and drill without knowledge of the hydrology of the area.”

2013: Fermanagh meeting hears of ‘fracking health risk’

2012: Investor bails on Cape Breton drilling project

2012: Taomboran’s Richard Moorman: Notes from the Shale Gas Trenches

2012: “The EPA can’t assess fracking in Leitrim” – Jessica Ernst

2012: Jessica Ernst packs hall at Ballroom of Romance

They used to come from far and wide on bicycles to the iconic Ballroom of Romance, in its heyday in the 1950′s according to my aunt who went there. But this was no social outing that saw a full house of up to 350 people on Friday 24th February spilling out the door. Local men in the doorway strained to hear the words of the speaker as if their lives depended on it.

This was part of a series of lectures by Jessica Ernst around the North West. This one was organised by the local community with Cllr Sean Mc Dermot [now Chair of Leitrim County Council] introducing and Mary Daly Chairing. Jessica Ernst had been invited to give first hand testimony of her experiences with the gas industry, in Alberta Canada. One by one this amicable scientist exploded myths rolled out by the gas companies through statistical evidence that she had compiled over the years, on what she called the “fracing experiment’ that has become hers and her communities life.

She had learnt alot about promises, and knows now not to take the promises made by gas industry and regulators at face value.

Rural people tend to be “gentle and trusting,” she said and they preyed on this. Many of these promises had an all too familiar ring to them in light of the proposed and controversial granting of licences to the gas industry in the area she held the podium…. Albertans were now beginning to stand up and speak out and she no longer was on her own. Visible resistance by farmers more obvious with trucks painted with antifracking slogans. The National Farmers Union representing thousands of farmers across Canada were as of 23rd of February 2012 calling for a moratorium. They speak up for those whose water has been polluted that have been gagged shouting about it because of confidentiality agreements signed with the companies.

The men at the door were straining as if there lives depended on it, because it did. It would be their turn now to speak out.

2011: Tamboran’s claims of chemical free frack fluid challenged by expert

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