director still holding, page-8

Just to clear up this who is Mungala Investments stuff:

markets.news.com.au/Announcements/2007/1218/00796615.pdf

Clear enough?

Mikael


Herald
Edition 5MON 18 JUN 1990, Page 014
Pacarc's PNG oil play
By EDGAR A

The Egele IX petroleum exploration well situated within PPL 93 in Papua New Guinea may be cause for excitement this week as drilling nears the target zone within the Toro Sandstones.
Egele IX is the first of two wells to be drilled by Mobil Exploration Nuigini under a farmout agreement to perfect a 50 per cent interest in PPL 93.
Other direct interest holders, Cairn Energy PLC (4.17 per cent) and Pacarc Niugini (45.83 per cent) are free carried through the two Mobil wells.
Pacarc Niugini is the only ASX company with direct equity in PPL 93.
It has 33.5 million shares on issue and a further 2.3 million unlisted options.
Another entry to Egele IX can be made through Pacific Arc Exploration NL which holds 9.8 million shares in Pacarc, equating to an effective 13.4 per cent equity in PPL 93 and Egele IX.
Pacific Arc Exploration also holds a 5 per cent interest in the Pandora Gas Field in PPL 82 and 20 million shares in Musswellbrook Energy and Minerals.
ANGUS EDGAR is an analyst at Peake Lands Kirwan.