PNG CABINET CLEARS P’NYANG GAS AGREEMENTPrime Minister James Marape, MP has announced that his Cabinet has cleared the P’nyang Gas Agreement, which now awaits signing between the State and ExxonMobil who is the lead project developer of the Petroleum Retention License (PRL) 3.
https://www.pngbusinessnews.com/articles/2022/2/cabinet-clears-p-nyang-gas-agreement-signing-set-for-next-week
The next few years should be very busy for High Arctic with multiple projects kicking off and high barrier to entry in PNG (limited to no competion). I am expecting the sp to be around $4-$5 in two years time. Great buying opportunity and such an undervalued play.