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.

05 April 2013
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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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