Well its been a long wait but it may soon be over.
New Guinea Energy Ltd (ASX: NGE) is pleased to announce that its 50% joint venture with
Maps Tuna Limited, Western Drilling Limited (WDL), has signed a contract with a third party
for the use of WDL’s SL 7 Heli Rig and camp (Rig) within Papua New Guinea (PNG).
WDL has agreed terms for a single well that would see the Rig deployed for approximately
150 days, with an option for a second well that could extend the contract by another 150
days. Mobilisation of the Rig is planned for the fourth quarter of 2013.
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$1.21 |
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Mkt cap ! $41.50M | |||
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