LNG Energy is a Canadian exploration and development company focused on developing the extraordinary oil and gas reserves in Papua New Guinea, Poland and Bulgaria. In Papua New Guinea, LNG has assembled a strategic, world-class portfolio of acreage, holding a 68.5% interest in approximately 5.5 million acres and 100% interest in approximately 42,000 acres of prospective oil and gas properties.
Recent Sector News
Gondwana Oil Corp. (CSE:GO) has said that it had "constructive and cooperative" discussions with the Ministry of Energy and Petroleum in Ghana last week, anticipating confirmations from the government body imminently on the acquisition of an interest in the Offshore Cape Three Point South block.
Caza Oil & Gas (LON:CAZA) (TSE:CAZ) has revealed another bumper well result from the Bone Springs play in New Mexico, with the West Copperline 29 Fed 2H flowing at a rate of 1,366 barrels oil equivalent per day (boepd).
Edge Resources (LON:EDG) (CVE:EDE) is on track for “another excellent quarter” as it continues to reach new production and revenue milestones, says chief executive Brad Nichol.
New Zealand Energy boosts production in March, April output to increase further; 2013 year-end reserves more than double
New Zealand Energy (CVE:NZ)(OTCQX:NZERF) increased production in March after adding two wells last month, and said that workover activities on its new TWN licenses are on track with the expectation that two additional wells will further boost oil output in April.
Tethys Petroleum (LON:TPL) (TSE:TPL) chairman David Robson said in this morning’s full year results that 2013 was a landmark year.
Madalena Energy's Argentina acreage could be worth $1.1 bln according to industry metrics, says Beacon Securities
Madalena Energy (CVE:MVN) (OTC:MDLNF) is on its way to unlocking value from its unconventional shale and tight sand assts in the Neuquen Basin of Argentina, according to a research report from Beacon Securities' Kuno Ryckborst that initiated coverage on the junior oil and gas producer.