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24 May 2013
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NEW GUINEA ENERGY LIMITED STORIES

[69 Results - Showing Results 1 to 30]

New Guinea finds lead in PNG


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.
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P’nyang field could fuel PNG LNG expansion: NGE


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.
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An explorer with revenue opportunities


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.
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New Guinea Energy bags deal in PNG highlands


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.
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Mitsubishi deal acclaimed


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.
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NGE to review informal offers


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.
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Another rig option in PNG


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.
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Entering a new phase of onshore growth
Exclusively for Premium Subscribers


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
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NGE plunges on tight Siphon


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.
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NGE rockets on gas buzz


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.
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Red tape delays


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.
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Up, up and away for NGE


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.
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Talisman drilling Siphon-1 in Q2


TALISMAN Energy has committed to drilling the Siphon-1 well in PPL 269, Papua New Guinea, in the second quarter of this year.
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Petroleum Briefs


IN today’s briefs: NGE firms up exploration funds; Empire set for Red Gully-1; Rig on its way to New Seaclem-1.
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NGE bumps up PPL 265 leads


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.
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Petroleum Briefs


IN today’s briefs: Oil Basins secures 100% of Backreef Area; FAR firms up Guinea Bissau stake acquisition; NGE, Talisman revise farm-in agreement.
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NGE, Talisman firm up PNG plans


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.
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NGE plugs Panakawa-1


NEW Guinea Energy’s Panakawa-1 well will be plugged and abandoned after the completion of logging and sampling activities. By Brooke Showers
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NGE lines up $25M facility


NEW Guinea Energy has secured a $25 million funding facility that allows it to continue exploration and work program commitments in Papua New Guinea.
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Oil disappointment at Panakawa


NEW Guinea Energy has failed to find oil shows at its Panakawa-1 exploration well in Papua New Guinea’s Western province.
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Petroleum Briefs


IN today’s briefs: NGE raises exploration funds; Greenearth gets more time for drilling grant.
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NGE spuds first PNG well


NEW Guinea Energy has spudded the Panakawa-1 exploration well in Papua New Guinea’s Western province, targeting 202 million barrels of oil.
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Petroleum Briefs


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.
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NGE to spud Panakawa-1, eyes other targets


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.
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NGE to drill Panakawa


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.
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Petroleum Briefs


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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NGE ups numbers for Panakawa


NEW Guinea Energy says remapping of the Panakawa prospect at PPL 267 in Papua New Guinea has identified a four-way closure at the Toro Formation that has allowed it to increase resource estimates.
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Talisman farm-in gets PNG nod


THE Papua New Guinean government has approved New Guinea Energy’s transfer of interests in two exploration permits to Talisman Energy.
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Petroleum Briefs


IN today’s briefs: NGE still waiting on government approval for farm-out; PPP Timor Sea acquisition approved
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NGE finds rig for PNG drilling


NEW Guinea Energy expects to start its PPL 267 drilling campaign in Papua New Guinea in the second quarter after entering into an option agreement with Australian Drilling Services to secure a rig.
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