Licences PPL 269

Following the sale of a 50% interest in PPL 269 to a subsidiary of Santos Limited for a consideration of US$32M cash upfront, NGE Capital Limited is additionally entitled to the following contingent payments:

· Future cash payment of US$2M if a Petroleum Retention License (PRL) is granted over any area of PPL 269; and
· Future cash payment of US$6M if a Petroleum Development License (PDL) is granted over any area of PPL 269.

Should a PDL be granted prior to a PRL, a one off cash payment of US$8M will be payable instead.



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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.

Contact Us

Melbourne Office +61 3 9648 2290
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