Energy

Introduction

Exploration has always been a challenging enterprise but in light of current events, including the unprecedented pressure posed by the COVID-19 pandemic and the impact of depressed commodity prices, many explorers are likely looking for some form of relief.

The Queensland Government has responded by announcing a relief package in relation to COVID-19, specifically targeted at the exploration sector.

In addition, various regulatory changes have been implemented which will operate to provide explorers with flexibility in managing their commitments.

We provide some commentary below about what this will mean in the immediate term for explorers transitioning to the new framework.

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