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.


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About Us

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

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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.

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Corporate Governance

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

For further information on NGE Capital Limited’s Corporate Governance policies please click here.

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Melbourne Office +61 3 9648 2290
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