Lakes Oil gets petroleum license cancellation notice dissolved

THE drawn out legal dispute between Lakes Oil’s subsidiary, Dondonald Limited and Papua New Guinea’s petroleum ministry has come to an end, with the petroleum prospecting licence cancellation quashed and costs awarded to Lakes.

Lakes Oil gets petroleum license cancellation notice dissolved Lakes Oil gets petroleum license cancellation notice dissolved Lakes Oil gets petroleum license cancellation notice dissolved Lakes Oil gets petroleum license cancellation notice dissolved Lakes Oil gets petroleum license cancellation notice dissolved

Company to extend license to make up for lost time

The legal proceedings over PPL560 were heard by Justice Royale Thompson on August 22 and the decision handed down yesterday. 
 
It was not disclosed how much will be awarded to Lakes.