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 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.



Printer View

About Us

New Guinea Energy Limited is a Listed Investment Company (LIC) based in Australia.

Find out more >>


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

Find out more >>


Investor Information

New Guinea Energy Limited is listed on the Australian Securities Exchange.

Find out more >>

Corporate Governance

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

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

Contact Us

Melbourne Office +61 3 9648 2290
For our postal address click here.

Quick Links

ASX website