In the case of gas, Petroleum Resource Rent Tax (PRRT) also applies, but due to its design as a «super profits» tax, new gasfields are unlikely to pay any PRRT for a decade or more, and in the meantime PRRT «credits» reduce the amount of company tax payable. (cedamia.org)
The Eurozone is, after a brief hiatus, melting again (although according to the latest reports, Russia is taking neo-colonialism to new heights by offering to subsidise the Cypriot bailout in return for gasfield exploration rights). (totalpolitics.com)
According to this article, ExxonMobil (Esso) has bought the Dory gasfield in the Gippsland Basin which could contain up to 2 trillion cubic feet of gas, and has contracted a rig to drill the deep water off the coast of Victoria in the third quarter of 2018. (cedamia.org)