Beetaloo to play key role in Australia's economic recovery

THE ONSHORE Beetaloo sub-basin is the NT’s economic saviour, according to a new report by Ernst and Young (EY), as the government grapples with projected net debts of $8.4 billion this financial year.

Beetaloo to play key role in Australia's economic recovery Beetaloo to play key role in Australia's economic recovery Beetaloo to play key role in Australia's economic recovery Beetaloo to play key role in Australia's economic recovery Beetaloo to play key role in Australia's economic recovery

Empire Energy's Carpentaria-1 exploration well hit liquids which sent the company's shareprice soaring.

 

Just two weeks ago the chief minister Michael Gunner announced a record $2.45 billion deficit in the budget, with a forecast net debt expected to reach $16 billion over the next decade.