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EXPLORATION

An explorer with revenue opportunities

NEW Guinea Energy has agreed to sell its vast Highlands petroleum licence to PNG LNG project partners ExxonMobil and Oil Search but a significant discovery there will still give the Papua New Guinea explorer windfall royalty revenues.

Blair Price
An explorer with revenue opportunities

The deal to sell NGE's petroleum prospecting licence 277 to the PNG LNG partners for $US15 million was struck in early March and will be completed once the necessary government approvals are in, which...

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