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
Argentina focused Madalena increases 2014 production by 165%, adds significant conventional reserves
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Calvalley, which has most of its operations in Yemen, said that it would liquidate and restructure the Company as part of an arrangement with Calvalley Energy Limited, a wholly-owned subsidiary of Calvalley (based in Cyprus), under the Canada Business Corporations Act.
Madalena, an Argentina focused E&P with a portfolio of prime unconventional assets and resource plays, is focused on applying North American based horizontal technology to unlock significant upside across its strategic resource plays.
The three well appraisal program has allowed Deloitte and Niko to better understand the reservoir after the first appraisal well, MJ‐A1, in the Northern Fault retuned favorable results.
Striker Exploration (CVE:SKX) had its “buy” rating and C$4.00 price target maintained at Dundee Capital Markets, which cited overall positives in the the junior Canadian oil and gas company’s recent year-end reserves and operational update.
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