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
Caza Oil & Gas (LON:CAZA) (CVE:CAZ) told investors that the latest well on the West Coppperline property, in the Bone Springs play, has flowed at a rate of 1,598 barrels oil equivalent per day. It is another emphatic success for the company in the Bone Springs play.
Madalena Energy (CVE:MVN) is poised to see some upside in its stock price, with the company recently completing a transformational deal that gives the junior oil and gas producer critical mass size in Argentina and improved chances for divestment.
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Madalena Energy (CVE:MVN) (OTC:MDLNF) has now sealed a deal to acquire Gran Tierra's (TSE:GTE) Argentinean business, a positive outcome for the junior oil and gas producer, according to Mackie Research's Bill Newman, who cited a tripling of the company's production.
New Zealand Energy Corp. (CVE:NZ)(OTCQX:NZERF) has relinquished the Castlepoint and Wairoa permits in the East Coast Basin of New Zealand's North Island as the junior oil and gas producer continues to focus on its permits in the Taranaki Basin that offer near-term production potential.
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