Australia's most gas-dependent state can be well supplied for decades without drilling near Scott Reef or fracking the Kimberley, according to an exclusive analysis by Boiling Cold.
Fracking, or hydraulic fracturing, increases oil and gas flow in so-called tight reservoirs by cracking the structure with fluid under pressure. It is banned in WA except for some areas of the Mid-West and the Kimberley.
Investors beware: after spending more than $40 million in the Canning Basin, the US-owned company's continued pursuit of remote gas appears to be throwing good money after bad.
The WA government will soon decide whether Black Mountain Energy can frack 20 wells near the Kimberley's Fitzroy River, but promised measures to protect the environment and the rights of local people are not yet in place.
The green light for Black Mountain Energy comes just months after Federal experts said its environmental risk assessment was "limited and disjointed" and reached "largely unsupported" conclusions.
Black Mountain's conclusion that its drilling will not affect water resources is without foundation, and threatened species and National Heritage are at risk, according to the Federal environment department.
Andrew Forrest's Squadron Energy is pulling out of plans to frack the Kimberley for gas citing climate concerns, but the minor partner may continue the work.
