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Speaker 1: Now I do have some good news from the energy sector.

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Speaker 1: I think it's good news. The US oil and gas

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Speaker 1: company jet X has applied for a permit to extract

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Speaker 1: cold seam gas near Huntley. Meantime, in Taranaki, the Australian

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Speaker 1: based enz Energy they've lodged an application for an offshal

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Speaker 1: petroleum permit. Now John Carnegie is, of course the chief

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Speaker 1: executive Energy Resources are to rieback with us with.

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Speaker 2: The new year.

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Speaker 1: John Morning, Good morning, Mike. Is this a go at last?

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Speaker 1: Is this the sort of the tangibles we've been waiting for?

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Speaker 2: Well, Mike, look, this is what a restart of an

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Speaker 2: industry looks like. Small players, tentative steps, dipping their toes

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Speaker 2: back in the water here. But we do need to

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Speaker 2: be honest. Restarting an entire sector is going to be

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Speaker 2: hard work. But it is great to see companies like

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Speaker 2: jet X and n Z Energy coming forward. And for

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Speaker 2: reasons we all know, our sector is now concentrated at

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Speaker 2: the mature end of the pipeline, and what we're now

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Speaker 2: seeing is rebuilding a pipeline of prospects for the future,

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Speaker 2: and that means new entrants, new work programs, and new possibilities.

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Speaker 1: It's funny I was I was reading about the Taranaki

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Speaker 1: side of the equation. So they will know that what

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Speaker 1: happens under the rules, correct me if I'm wrong. As

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Speaker 1: you apply, say I want to do this. They then

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Speaker 1: go right, is there anybody else who wants to have

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Speaker 1: a crack? Nobody did. Now MB's going to have a

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Speaker 1: look at the environment, all that sort of stuff. Is

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Speaker 1: that process workable, doable, sensible and that's where we want

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Speaker 1: to be heading.

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Speaker 2: Oh look, I think it's signals that New Zealand is

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Speaker 2: open for business again because it now balances a first come,

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Speaker 2: first served approach, but the potential for a competitive bid.

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Speaker 2: So if you if you think there's opportunity there, you've

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Speaker 2: got a clear window to come in and put your

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Speaker 2: money behind a strong work program and compete on merit.

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Speaker 2: And so as you said, Jeet X is now on

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Speaker 2: a three month competitive window where the race is wide

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Speaker 2: open to provide the best work program.

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Speaker 1: I can't work out. So this is good news. These

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Speaker 1: guys are actually tangible, they're real, they're here, they want

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Speaker 1: to do business. Is this it? Or will are there

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Speaker 1: are others looking at going? Will these guys go? I

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Speaker 1: can go as well, and is the government's two hundred

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Speaker 1: million dollars skin in the game thing? Is that part

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Speaker 1: of the equation?

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Speaker 2: Well, given the damaged state of the industry, Micha, I'm

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Speaker 2: actually happy to see any investor with confidence in both

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Speaker 2: the future of the sector and the contribution that they

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Speaker 2: can make to New Zealand's economic prosperity and energy security.

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Speaker 2: And look, as for whether there will be any other applicants,

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Speaker 2: we'll just have to wait and see. But what actually

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Speaker 2: would help is to have politicians stop treating gas producers

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Speaker 2: and uses like political footballs.

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Speaker 1: Correct is what's your vibe on gas and oil? After

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Speaker 1: I read another article over the holiday period that suggested

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Speaker 1: from one of the power companies hydros the future if

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Speaker 1: you want to run things, hydros your answer as opposed

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Speaker 1: to looking for something that is increasingly hard to find.

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Speaker 2: Look, we need to stop having binary, one dimensional conversations

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Speaker 2: in the energy sector. Mic I think what we do

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Speaker 2: need is we need diversity of fuel types and technology types.

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Speaker 2: And it's widely acknowledged both across right across the energy

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Speaker 2: sector that natural guests will continue to play a vital

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Speaker 2: role in maintaining New Zealand's affordable and secure energy.

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Speaker 1: Good Just while I've got you and I have no

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Speaker 1: idea whether this is a new wheelhouse or not. This

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Speaker 1: NDP goal merger is that materially going to change the

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Speaker 1: landscape for me filling my car?

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Speaker 2: Look, yeah, look, I mean, I'm I'm not quite sure

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Speaker 2: about that, Mike. My guess is that the investors have

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Speaker 2: decided that they'll be able to make operational efficiencies, so

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Speaker 2: at least it would place some downward pressure on fuel prices.

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Speaker 1: All right, let's see how guy's nice catch up? John go, Well,

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Speaker 1: we'll catch up during the year. John Cage, who's the

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Speaker 1: boss of Energy Resources? After your right. For more from

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Speaker 1: the Mike Asking Breakfast, listen live to news talks that'd

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Speaker 1: be from six am weekdays, or follow the podcast on

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