Licences PPL 277

Following the sale of its 100% interest in PPL 277 to Esso PNG Exploration Ltd, a subsidiary of Exxon Mobil, and Oil Search (PNG) Limited for a US$15M upfront cash payment, NGE may become entitled to additional payments as follows:

  • US$20M cash payment if a PDL is granted from the original PPL 277 area; and
  • If commercial production occurs, an uncapped royalty over all revenue received from the petroleum produced and sold.



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About Us

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

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Legacy

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

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Announcements

Investor Information

New Guinea Energy Limited is listed on the Australian Securities Exchange.
ASX Code: NGE

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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.

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