Macfarlane spurs CSG stocks

Coal seam gas explorers within New South Wales have spiked since incoming federal Industry Minister Ian Macfarlane said he would push hard for CSG development in the state.

Coal seam gas explorers within New South Wales have spiked in their first trading session since incoming federal Industry Minister Ian Macfarlane said he would push hard for CSG development in the state.

Embattled CSG company Metgasco (MEL), which has a market capitalisation of just $34 million, lifted 22.6% to 7.6 cents at 1400 AEST – its biggest increase in over a year.

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