NGE nge capital limited

From Business Spectator -...

  1. 734 Posts.

    From Business Spectator - http://www.businessspectator.com.au/news/2013/9/6/resources-and-energy/santos-expands-png

    Wonder if any of these involve NGE Permits (probably not the initial two as imminent drilling indicated, but possibly the other i.e. the 50% in a further permit) or has implications for any of NGE's permits.
    Cheers
    OG


    ---------------------------------------
    Santos Ltd has bought interests in two prospective exploration permits in Papua New Guinea.

    In a statement, the oil and gas producer said it has agreed with Canadian group Talisman Energy to acquire 30 per cent interests in two permits.

    ...

    The two groups are in exclusive discussions for Santos to take a 50 per cent interest in a third permit.

    Three exploration wells are planned in the permits and drilling for the first is expected to start in early September.

    Mitsubishi also has a 40 per cent interest in one of the permits.

    ...

 
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