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 Capital Limited 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

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
For our postal address click here.

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