CUE 0.00% 10.5¢ cue energy resources limited

osh sellin 3.5% png lng to fund gas developmen

  1. 2,133 Posts.
    i wonder if today news abt OSH selling 3.5% of its stake in PNG LNG has any effect on CUE.

    http://online.wsj.com/article/BT-CO-20090824-714261.html

    "..The money raised will be used partly to finance exploration and appraisal activities associated with proving up further gas resources for LNG, other gas industry expansion in Papua New Guinea, and partly to fund PNG LNG's development, Botten said."

    PPL190 - Papuan Basin, PNG (10.947% interest)
    Operator : Oil Search

    PRL8 - Papuan Basin, PNG (10.72% interest)
    Operator : Oil Search

    PRL9-Papuan Basin, PNG (14.894% Interest)
    Operator: Oil Search
 
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