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Coal Seam Gas

- ASX share code AGK

AGL Energy Limited is a retail seller of 'natural gas' (methane) to consumers in Australia.

AGL is seeking to frack Gloucester, the Hunter Valley and Camden and the Galilee Basin and Wollombi.

AGL buys and sells methane which it markets as "natural gas", electricity and energy-related products and services to residential and business customers; constructs and/or operates power generation and energy processing infrastructure; develops and operates "natural gas" production and storage facilities; and explores, extracts, produces, and sells coal seam gas.

The company invests in, explores, develops, and produces gas tenements; develops and operates gas storage facilities; sells and installs solar power systems; and energy services advisory services. AGL also provides energy efficiency and carbon management services.

AGL does consultation, design, and implementation of infrastructure projects, as well as asset development; and design, manufacture, and distribution of new and reconditioned steam boilers, commercial and industrial hot and warm water boilers, condensing heaters, and thermal oil boilers.

AGL Energy generates electricity from thermal, hydro, wind, landfill gas, biomass, geothermal, bagasse, biogas, and photovoltaic sources with owned or contracted electricity generation capacity of 5,847 MW; has 1,729 PJ of 2P gas reserves; and retails electricity to 2.1 million customers and gas to 1.4 million customers in Victoria, South Australia, Queensland, and New South Wales.

AGL Energy Limited
101 Miller Street
Level 22
North Sydney, NSW 2060
Phone: 61 2 9921 2999
Mr. Michael Anthony Fraser BCom, CPA, FTIA, Chief Executive Officer, Managing Director and Executive Director 3.50M
Mr. Brett Redman Bcom, Fca, Gaicd,
Chief Financial Officer 842.00K
Mr. Michael Patrick Moraza BE (Chem. Eng.) MBA, Group General Manger of Upstream Gas 841.00K
Mr. Stephen John Mikkelsen BBS, CA,
Group General Manger of Retail Energy 1.25M
Mr. Anthony Fowler BSc (Hons), MAppFin, Harvard AMP, FFin, Group General Manger of Merchant Energy 1.18M

AGL Energy political donations

2012/13 coal seam gas losses for AGL

30 August 2013 - AGL wrote down the value of Gloucester and Hunter Valley coal seam gas exploration projects by almost $200 million during the financial year 2012/13.

AGL's 2013 financial report released this week shows the book value of their Hunter gas project was slashed from more than $200 million to just $10 million, while Gloucester was devalued by over $100 million.

The company was approved to frack 110 wells in the Gloucester basin during the last days of the NSW Labor government.

AGL is still engaged in a community fight with Hunter Valley vineyards and horse studs over its Hunter gas project.

Some of AGL's competitors privately worry that pursuing coal seam gas projects in substantially populated areas could damage support for the entire industry.

AGL 5 year chart retrieved 30 November 2013

Search the ASX website for company announcements from AGL

18 November 2013 - Mike Moraza, AGL group general manager confronts protestors outside his North Sydney office.


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