Jobs leaking from oil and gas exploration sector as Northern Territory debates fracking moratorium
"A Northern Territory construction company says it's losing contracts and will shed workers because of Labor's proposed moratorium on fracking.
This week it was revealed that Pangaea Resources had suspended its drilling program on the Sturt Plateau, citing uncertainty around fracking as one of the main reasons, with NT Labor promising to put a moratorium in place if it wins this year's election."
"He said Labor's proposed moratorium had not just affected Pangaea, but was ruining business confidence across the NT's entire oil and gas sector."
http://www.abc.net.au/news/2016-03-02/jobs-lost-as-northern-territory-debates-fracking-moratorium/7211626
I don't know if such a measure would go through, but if it did, it would clearly be an unwelcomed development for Falcon.
I wonder if this, at least in part, is the reason for the weakness in Falcon's share price,...particularly in London trading recently.
jmo
