Oil Search on board for new train

The company has outlined possibilities for gas growth through a third and fourth train in addition to the two already planned. The fourth train would utilise the discovered gas resource base and would
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Company news: VicPet, Metgasco, Bow, Neptune, Galilee

The cash consideration for the purchase is $A1.1 million, with the additional AuDAX share of the plugging and liability for the Emily-1 and Vanessa-1 wells valued at $A200,000. The Sale and Purchase agreement
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New Guinea’s new well

The well is planned for May 2010 and is the first of three wells planned in the area. A well is also planned in each of PPL 268 and PPL 269, which contain gas and wet gas, as well as oil. A farmin agreement
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New Guinea Energy approved for Talisman transfer

Under the agreement, Talisman has assumed operatorship of both permits and will take a 15 per cent interest in PPL 268 and 50 per cent interest in PPL 269, both located in the country’s west. Talisman
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New Guinea Energy finds farmin Talisman

Under the agreement, New Guinea Energy will assign an initial 50 per cent interest in PPL 269 to Talisman, which will assume operatorship, upon PNG Government approval. Talisman is also set to commit
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