RINEHART-BACKED OIL AND GAS EXPLORER SUES VICTORIA FOR $2.7 BILLION
Written on the 7 December 2016
AN oil and gas explorer backed by Gina Rinehart (pictured) is suing the Victorian state government for more than $2.7 billion for banning onshore oil and gas exploration.
At the time the ban was announced, Lakes Oil NL chairman Christ Tonkin said, "Lakes Oil must now consider all options. The company has, in good faith, and in accordance with legislation, invested heavily in onshore gas exploration in Victoria, the company's home base since it was established in 1946."