Licences PPL 267

On 11 August 2016 the Company announced that the Group had lodged with the PNG Department of Petroleum & Energy an application to surrender PPL 267 which was due to expire on 14 August 2017. NGE Capital Limited had been actively seeking farm-in partners for PPL 267 for many years, while continuing to explore and improve the permit’s prospectivity. It was the Board’s opinion that the possibility of finding a farm-in partner for PPL 267 was so uncertain that incurring additional licence holding and exploration expenses was not justified.

PPL267



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About Us

NGE Capital Limited is a Listed Investment Company (LIC) based in Australia.

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Legacy

NGE Capital Limited’s historical activities were oil and gas exploration in PNG. NGE Capital Limited retains upside potential from two onshore Petroleum Prospecting Licences (PPLs) in PNG.

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Investor Information

NGE Capital Limited is listed on the Australian Securities Exchange.
ASX Code: NGE

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NGE Capital Limited is committed to observing and maintaining the highest standards of sound corporate governance practices.

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Melbourne Office +61 3 9648 2290
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