David Wood | NT Independent
Tamboran says it can raise the $250m to begin gas production in Beetaloo

Tamboran says it can raise the $250m to begin gas production in Beetaloo

Tamboran Resources is hoping to raise $262.5 million in an initial public offering on the New York Stock Exchange to continue its gas exploration interests in the Beetaloo Basin, with prospectus figures showing it has $29.5 million in cash cash equivalents but needs $85.5 million to operate for the rest of the year, however company director Andrew Robb said the capital required can be raised before it starts generating income in 2026.

Labor promise to ban gillnets if elected, despite failing to meet 2020 election promise on fishery review

Labor promise to ban gillnets if elected, despite failing to meet 2020 election promise on fishery review

Labor has promised to ban commercial barramundi fishing gillnets and buy back commercial licences if elected, before the release of the NT Fisheries’ review of the barramundi fishery that was promised by the party in the lead up to the last election, with the announcement also at odds with a 2021 government statement about developing a seafood processing facility.

Government gave taxpayer cash to Salties amid questions over the club’s solvency

Government gave taxpayer cash to Salties amid questions over the club’s solvency

The Lawler Labor Government secretly gave taxpayer money to keep the Darwin Salties basketball team afloat despite seemingly never seeing audited financial statements, claiming the details are commercial in confidence, while financial documents show the club lost more than $500,000 in its first two years of operation after receiving roughly $1 million combined from two Territory basketball organisations and the NT Government.

Alice Springs art gallery contract awarded, minister hides State Square and gallery costs, refuses to release business case

Alice Springs art gallery contract awarded, minister hides State Square and gallery costs, refuses to release business case

The Lawler Government has awarded the $154 million contract to build the Alice Spring’s national Aboriginal art gallery to Sitzler, at the same cost it first announced two years ago, which is at the low end of a 2019 cost range estimate, but the government will not say much Darwin’s Civic and State Square development will cost to complete, despite earlier pledging to reveal the cost.

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