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Shares in Richard Cottee’s State Gas jumped 12 per cent today after it and Santos landed a highly prospective exploration area in central Queensland stretching over 1000 sq km.
Business
Qantas has announced a $760 million takeover of Queensland’s Alliance Airlines to get its hands on the lucrative FIFO market.
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The Queensland coal sector is in the middle of a major resurgence highlighted by billionaire Brian Flannery and his decision to throw his fortune behind Bowen Coking Coal.
Economists are anticipating an economic contraction in the September quarter with about $8 billion wiped from the economy because of the Sydney and Victorian lockdowns.
Millions of dollars have been poured into correcting the mess created by one of the State Government’s biggest environmental mistakes _ underground coal gasification.
Coal seam gas company Arrow Energy has reported another staggering $600 million loss as it embarks on its $10 billion Surat expansion.
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