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.

27 April 2012
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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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