NGE confirms oil case in PNG

NEW Guinea Energy may be onto a winner at PPL 267 in Papua New Guinea, with independent consultants Gaffney, Cline and Associates confirming the permit is an oil play.

NGE confirms oil case in PNG NGE confirms oil case in PNG NGE confirms oil case in PNG NGE confirms oil case in PNG NGE confirms oil case in PNG

The company told the Australian Securities Exchange that GCA had identified a lead with structural closure at the Alene and Toro reservoir levels, with a combined best-case P50 prospective recoverable

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