PNG

Cheetah running from debt

STRUGGLING Nevada corporation Cheetah Oil and Gas may have to sell its 10% stake in six petroleum licences in Papua New Guinea to partner LNG Energy if more financing is not forthcoming.

Blair Price

In its second quarterly report, Cheetah noted a net loss of $US231,286 (K588,877) over the six months to June 30. The company also reported a negative working capital of $US428.707 and an accumulated...

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