Has NGE outmanoeuvred the heavyweights?

HAS New Guinea Energy marked a significant point on its development chart by agreeing to sell one of its most prized licenses to super major Exxon – or is it just another example of a junior having to sell out to the top end of town in order to survive? Michael Cairnduff investigates.

This market is particularly unkind to junior explorers when it comes to raising any sort of capital, but NGE has the added hardship of working a project portfolio in one of the most challenging

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