TSXV:ESR.H - Post by User
Comment by
ironman311on Dec 06, 2009 9:04am
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Post# 16558289
RE: RE: LNG Energy Ltd - Still the biggest onshore
RE: RE: LNG Energy Ltd - Still the biggest onshoreAgain from there website - they appear to give up only one block and now have 5 blocks and control 5.7 million net acres (at approximately 90% net working interest)
| November 25, 2008
LNG ENERGY GRANTED NEW PNG LICENSES
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| | LNG Energy Ltd. ("LNG Energy" or the "Company") (TSX Venture - LNG) is pleased to announce that the Company filed for and received approval of its top file applications for its petroleum prospecting licenses ("PPLs") in Papua New Guinea. The top file process involved the relinquishment of and re-application for PPLs 245, 246, 249 and 252. The new licenses granted now have a new 6 year term along with new expenditure commitments for each PPL. - PPL 319 (formerly PPL 246) granted for a 6 year term.
- PPL 320 (formerly PPL 249) granted for a 6 year term. 17 blocks were relinquished from the original total of 125 blocks.
- PPL 321 (formerly PPL 252) granted for a 6 year term.
- PPL 322 (formerly PPL 245) granted for a 6 year term. 28 blocks were relinquished from the original total of 75 blocks.
Petroleum retention license 13 remains the same. As part of this process, the Company also relinquished PPL 250. |