viewNew Guinea Energy Ltd

New Guinea Energy's sale approval puts it among leading % Gainers


Wednesday's leading ASX % Gainers intra-day.

New Guinea Energy's (ASX:NGE) wholly owned subsidiary Kirkland Limited has received notification that the final condition precedent for the sale of its 50% interest in Petroleum Prospecting Licence (PPL) 269 to Barracuda Limited has been met.

Barracuda is a subsidiary of Santos (ASX:STO).

The Minister for Petroleum and Energy has advised his approval of the Instrument of Transfer of the 50% from Kirkland to STO.

Water Resources Group WRG $0.002 100% 7 1,469,259
New Guinea Energy NGE $0.015 87.50% 68 7,715,864
Mesa Minerals MAS $0.015 50% 1 250,000
Bass Metals BSM $0.003 50% 1 180,000
Toll Holdings TOL $8.930 46.88% 4927 23,153,906
Dynast Resources DMA $0.020 42.86% 2 55,000
Delecta Ltd DLC $0.007 40% 4 1,513,688
American Patriot Oil AOW $0.175 34.62% 11 132,986
Rectifier Technology RFT $0.004 33.33% 2 129,988
Avalon Minerals AVI $0.032 28% 5 82,546
Patrys Ltd PAB $0.014 27.27% 84 11,588,291


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Quick facts: New Guinea Energy Ltd

Price: 0.5 AUD

Market: ASX
Market Cap: $18.58 m

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