13 December 2013
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NEW GUINEA ENERGY LIMITED STORIES
[73 Results - Showing Results 1 to 30]
Rig cash flow boost for NGE
(Thursday, 31 October 2013)
NEW Guinea Energy’s half-owned heli-portable rig in Papua New Guinea has landed a contract to drill a well in the country during the December quarter.
Esso pulls out of NGE sale
(Wednesday, 28 August 2013)
ExxonMobil’s PNG subsidiary Esso Highlands has pulled out a $US40 million ($A44.63 million) deal to buy New Guinea Energy’s 50% in PPL 269, with the permit’s other joint venture partners thought to be the stumbling block.
NGE outmanoeuvring the big boys?
(Wednesday, 7 August 2013)
IN THE second part of his examination of what may be a key deal for New Guinea Energy,
examines the possible outcomes.
Has NGE outmanoeuvred the heavyweights?
(Tuesday, 6 August 2013)
HAS New Guinea Energy marked a significant point on its development chart by agreeing to sell one of its most prized licenses to super major Exxon – or is it just another example of a junior having to sell out to the top end of town in order to survive?
New Guinea finds lead in PNG
(Monday, 4 March 2013)
NEW Guinea Energy has finished an internal review of leads in the company’s PPL 267 and has found a potential for more than 50 million barrels of petroleum in place.
P’nyang field could fuel PNG LNG expansion: NGE
(Tuesday, 8 May 2012)
NEW Guinea Energy is expecting a big year on the back of the upstream momentum in Papua New Guinea’s Western province where gas for a possible third train of the ExxonMobil-led PNG LNG project may come from.
An explorer with revenue opportunities
(Friday, 27 April 2012)
NEW Guinea Energy has agreed to sell its vast Highlands petroleum licence to PNG LNG project partners ExxonMobil and Oil Search but a significant discovery there will still give the Papua New Guinea explorer windfall royalty revenues.
New Guinea Energy bags deal in PNG highlands
(Wednesday, 7 March 2012)
NEW Guinea Energy has found buyers for its PPL 277 permit in Papua New Guinea, with Esso Highlands and Oil Search each taking a 50% stake in the permit for a combined initial consideration of $US15 million ($A14.2 million), plus a possible $20 million and royalties.
Mitsubishi deal acclaimed
(Friday, 24 February 2012)
THE arrival of Mitsubishi to Papua New Guinea’s Western Province is a big game-changer for the emerging region, according to New Guinea Energy chief executive officer Grant Worner.
NGE to review informal offers
(Thursday, 8 December 2011)
NEW Guinea Energy has received a “number of unsolicited approaches” for its exploration acreage in Papua New Guinea and has appointed RBC Capital Markets to assist in an unexpected strategic review.
Another rig option in PNG
(Monday, 5 December 2011)
A NEW heli-portable rig purchased by New Guinea Energy’s half-owned subsidiary Western Drilling has made the journey from Texas to Papua New Guinea.
Entering a new phase of onshore growth
Exclusively for Premium Subscribers
(Tuesday, 11 October 2011)
THESE are exciting, fortune-changing times for oil and gas explorer New Guinea Energy, with new drilling to expand its onshore PNG potential.
By Mark Mentiplay
NGE plunges on tight Siphon
(Friday, 23 September 2011)
SHARES in New Guinea Energy plunged more than 35% to 6c per share last night after partner Talisman Energy decided to plug and abandon the Siphon-1 exploration well in PPL 269, Papua New Guinea.
NGE rockets on gas buzz
(Thursday, 8 September 2011)
EXCITEMENT about the significance of gas readings in the Talisman Energy-operated Siphon-1 exploration well in Papua New Guinea’s Western Province sent shares in partner New Guinea Energy soaring yesterday.
Red tape delays
(Wednesday, 31 August 2011)
AFTER a nine-month wait New Guinea Energy has received PNG government approval to complete a farm-out deal struck last year with Talisman Energy. Meanwhile, the Siphon-1 exploration well is closing in on its main target reservoir.
Up, up and away for NGE
(Wednesday, 9 March 2011)
NEW Guinea Energy has entered into a purchase agreement to buy an OIME SL 7 1000 HP Helicopter Rig for $US7.1 million ($A7.01 million) for use in its Papua New Guinea operations.
Talisman drilling Siphon-1 in Q2
(Friday, 4 February 2011)
TALISMAN Energy has committed to drilling the Siphon-1 well in PPL 269, Papua New Guinea, in the second quarter of this year.
(Wednesday, 8 December 2010)
IN today’s briefs: NGE firms up exploration funds; Empire set for Red Gully-1; Rig on its way to New Seaclem-1.
NGE bumps up PPL 265 leads
(Friday, 3 December 2010)
NEW Guinea Energy has increased its lead inventory in PPL 265, onshore Papua New Guinea, to 12 following the reinterpretation of seismic and a review of previous wells in the area.
(Tuesday, 23 November 2010)
IN today’s briefs: Oil Basins secures 100% of Backreef Area; FAR firms up Guinea Bissau stake acquisition; NGE, Talisman revise farm-in agreement.
NGE, Talisman firm up PNG plans
(Monday, 13 September 2010)
NEW Guinea Energy has signed a variation to its farm-out of two blocks in Papua New Guinea to Talisman Energy, which NGE executive chairman Michael Arnett said confirmed the drilling timetable.
NGE plugs Panakawa-1
(Monday, 2 August 2010)
NEW Guinea Energy’s Panakawa-1 well will be plugged and abandoned after the completion of logging and sampling activities. By Brooke Showers
NGE lines up $25M facility
(Wednesday, 28 July 2010)
NEW Guinea Energy has secured a $25 million funding facility that allows it to continue exploration and work program commitments in Papua New Guinea.
Oil disappointment at Panakawa
(Monday, 26 July 2010)
NEW Guinea Energy has failed to find oil shows at its Panakawa-1 exploration well in Papua New Guinea’s Western province.
(Tuesday, 20 July 2010)
IN today’s briefs: NGE raises exploration funds; Greenearth gets more time for drilling grant.
NGE spuds first PNG well
(Monday, 28 June 2010)
NEW Guinea Energy has spudded the Panakawa-1 exploration well in Papua New Guinea’s Western province, targeting 202 million barrels of oil.
(Friday, 11 June 2010)
IN today’s briefs: Central hits more coal in Pedirka; Buru making headway with Fairwell-1; NGE close to spudding Panakawa-1; Golden debt free.
NGE to spud Panakawa-1, eyes other targets
(Monday, 31 May 2010)
NEW Guinea Energy is excited about the potential of its upcoming Panakawa-1 well in Papua New Guinea’s Western Province and has other prospects lined up in PPL 267.
NGE to drill Panakawa
(Wednesday, 21 April 2010)
NEW Guinea Energy will drill its Panakawa prospect in Papua New Guinea in the second quarter of 2010, the company’s structural geologist Dan Kendrick told the Excellence in Oil and Gas conference in Sydney.
(Thursday, 15 April 2010)
IN today’s briefs: Orion spuds Toenda-1; Bass Strait wraps up Windermere seismic shoot; NGE locks ADS rig for PNG drilling program; Audax close to completing Kerkouane seismic shoot;
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