EXPLORATION

NGE ups numbers for Panakawa

NEW Guinea Energy says remapping of the Panakawa prospect at PPL 267 in Papua New Guinea has identified a four-way closure at the Toro Formation that has allowed it to increase resource estimates.

Marija Stojkovic

The company said the 6.5 square kilometre closure is interpreted to contain P90 resources of 24 million barrels of oil-in-place, up 267% from March 2009 estimates. The remapping was carried out with...

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