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
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Surge Energy (TSE:SGY), which is focused on Alberta and Manitoba, reported a 52 percent increase in its proved plus probable reserves at year-end 2014. Proved plus Probable reserves rose to 112.0 million barrels of oil equivalent on December 31, 2014, from 73.5 million boe on December 31, 2013, the Calgary, Alberta-based company said in a statement today.
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