Beer & Co. Report, page-15

Looks as though we are seeing resolution in PNG start to come through for the oil and gas space.
OSH rallying off the back of the deal being agreed to by the PNG Government & TOTAL

Would be good to see the Twinza project move forward once more.

From the Morgan's OSH note this morning:

Existing agreement honoured  After concluding its review, the PNG government has confirmed it will honour the Papua gas agreement, with the addition of some extra concessions offered by Total in a nonbinding letter which sits outside the existing gas agreement. This is a critical positive for a number of reasons: 1) it demonstrated the PNG government was not willing to break a signed contract, 2) this was the last hurdle to FEED for Papua, 3) it removes the risk of the project stalling (which had become a possibility), 4) it paves the way for the P’nyang gas agreement, 5) it gives us confidence in the development timelines for the PNG expansion, and 6) the concessions should benefit PNG as a country.