Lakes Blue Power CEO Roland Sleeman says his firm has doubtlessly recognized probably the most thrilling fuel exploration challenge he has ever come throughout, which is onshore in Otway, Victoria.
“Whenever you have a look at seismic, the gas-laden sands present up as this magnificent shiny golden spot which we are able to correlate to offshore fields,” he advised Sky Information host Andrew Bolt.
“So we’re quietly assured this can in all probability be, as soon as we get to drill it, the most important ever onshore discovery in Victoria.”
Mr Sleeman added that they’re able to “take a threat” however it’s tiring going by the approvals processes.
“It’s a protracted stretch for a small firm and help doubtlessly by means of a repayable mortgage – there are various issues that might be carried out I feel to assist velocity up the method.
“Regardless of that we’re going to proceed to slog away as a result of we’re completely satisfied we are able to get there and provide 10 to twenty per cent of Victoria’s demand yearly.”
