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.
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.
'Hottest play on the planet' just got hotter
Australia's economic saviour officially gas
Industry rejoices over Beetaloo plan
