An Australian mining company says there is a substantial gas field on the Fermanagh/Leitrim border – and has promised of hundreds of jobs from a multi-billion euro investment.
Tamboran Resources says its initial studies have confirmed there is a substantial natural gas field in north Co Leitrim – possibly worth €40 BILLION.
It claims the gas field could deliver security of energy supply in Ireland for the next 40 years providing 600 jobs with up to 2,400 indirect jobs.
The company’s chief executive Richard Moorman described the project as “a potential energy and economic game changer for Ireland.”
But the fracking process it would use to recover the gas involves forcing millions of gallons of chemical fluid up to 500 metres below the surface to crack open the rock formation and channel natural gas into an onshore well.
American campaigners say it is highly dangerous – claims denied by Tamboran.
Donegal campaigners are travelling to Leitrim today to oppose the plans.