An embattled energy company in WA’s Kimberley region has gone into liquidation, ending a 10-year decline and leaving significant questions over who will pay their rehabilitation and decommissioning costs.
Key points:
- Liquidators have only been able to recover $17,000 in bank accounts and have not been able to contact the company
- DMIRS says one of New Standard Energy’s wells hasn’t been decommissioned and others haven’t been rehabilitated
- A mine site rehabilitation expert says restoring the ecosystem at Nicolay-1 will likely cost hundreds of thousands of dollars
New Standard Onshore, a subsidiary of New Standard Energy (NSE), drilled four exploratory wells in the region in a bid to tap the Canning Basin, which has the largest shale…
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