Please read article below, heritige oil which is partners in many projects in Papau new Guiana with Kina has just been bought out overnight with a cash sale of $ 1.6 BILLION which was at a large premium of 25% above its current value......
If we include Santos, many large companies are doing all they can to get a piece of the PNG oil and gas PIE....
A re-rate is imminent
Quote from article : "Al Mirqab is interested in accessing Heritage's growing oil output in Nigeria and its exploration portfolio which includes areas in Tanzania and Papua New Guinea".