About Us

New Guinea Energy Ltd is an Australian company focusing on oil and gas exploration in PNG. New Guinea Energy possesses one of the last available highly prospective, onshore, non-aligned acreage positions in SE Asia.

PNG has a favourable tax regime with incentives for oil and gas development.

The Papuan Basin is a proven petroleum play with a similar petroleum system to the offshore Australian North West Shelf.

NGE has 6 onshore Petroleum Prospecting Licences (PPLs) covering more than 52,000 sq km.

These 6 PPLs contain an excellent exploration inventory of 6 prospects and 94 leads, The 6 prospects contain contingent prospective resources (Mean) in excess of 600 mmboe, while the top 10 leads add an additional 1800 mmboe.

Farmout Agreement signed in September 2009 with Talisman Niugini Limited on PPL 268 and PPL 269 to fund seismic programs (US$11 million) and up to 6 well programs (US$90 million) over the next few years.

Good access to PPLs is provided by the Fly River and the ports of Aiambak and Kiunga. The existing all weather roads connecting Kiunga to the Ok Tedi mine provides great access for drilling operations and significantly reducing well costs by limiting the use of helicopters.

A number of significant oil and gas discoveries are proximal to NGE's PPLs.