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Thursday
5 March 2015
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   TODAY'S STORIES
 
OIL AND GAS 
Larus seeking cash injection


CRUNCH time is looming for unlisted explorer Larus Energy, which is shaking the tin for a $3 million capital raising so it can meet its work commitments in Papua New Guinea and secure its hold over the wildcat PPL 326 in the frontier Torres Basin.
Full Story...


MORE OIL AND GAS

Oil Search puts on a happy face for Total in PNG


Horizon eyes acquisitions


A landmark year for Oil Search


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MINING 
PNG resources has room for improvement


MINERS have sent a message to Papua New Guinea, saying its resource sector has the most room to improve, according Canadian public policy think-tank – the Fraser Institute.
Full Story...


MORE MINING

Seafloor tool nearly ready for Nautilus


St Barbara ‘well positioned’ despite loss


Ramu cash for Highlands


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MARKET WATCH 
Year of the golden fleece?


THE YEAR of the sheep has kicked off solidly for gold with the precious metal climbing to its highest price in more than three weeks, according to Bloomberg.
Full Story...


MORE MARKET WATCH

ENB hosts DDA meeting


Oil Search doubts


Larger share of Misima pie


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COMPANY WATCH 
New life for former PNG miner


QUINTESSENTIAL Resources has announced the closure of its prospectus offer last week, raising $5,062,236, and will be re-admitted on to the Australian Securities Exchange under its new name tomorrow.
Full Story...


REGIONAL WATCH 
Horizon eyes acquisitions


HORIZON Oil is keeping a sneaky eye out for more potential LNG acquisitions in the region to reduce its reliance on the oil price in the longer-term, if comments this morning from CEO Brent Emmett are any indication.
Full Story...


MORE REGIONAL WATCH

Timor minister to spill beans on Sunrise


Gas uncertainty halts investment


Another step closer for Gulf’s smelter project


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ECONOMY 
PNG govt sets forex controls


FOREIGN exchange controls have been imposed by the PNG government as Prime Minister Peter O’Neill calms fears about a lack of foreign currency in the country’s big banks.
Full Story...


MORE ECONOMY

Cheap oil, cheaper flights


Airlines to pool resources


Business should help in housing, tax reform


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PNG LNG 
MV Papua arrives in PNG


THE PNG LNG project’s first custom-built carrier arrived in Papua New Guinea yesterday to load its first-ever cargo destined for customers in Asia.
Full Story...




 


Larus seeking cash injection


CRUNCH time is looming for unlisted explorer Larus Energy, which is shaking the tin for a $3 million capital raising so it can meet its work commitments in Papua New Guinea and secure its hold over the wildcat PPL 326 in the frontier Torres Basin.
Full Story...


PNG resources has room for improvement


MINERS have sent a message to Papua New Guinea, saying its resource sector has the most room to improve, according Canadian public policy think-tank – the Fraser Institute.
Full Story...


Oil Search puts on a happy face for Total in PNG


OIL Search has changed its tune on Total’s involvement in the PRL 15 permit in PNG, following a unanimous vote in favour of the French company being appointed as operator of the joint venture.
Full Story...

Horizon eyes acquisitions


HORIZON Oil is keeping a sneaky eye out for more potential LNG acquisitions in the region to reduce its reliance on the oil price in the longer-term, if comments this morning from CEO Brent Emmett are any indication.
Full Story...


Flooding, landslides divert PM’s inspection visit


PRIME Minister Peter O’Neill will take a detour from his planned inspection visit in the Highlands today to see the damage done to roads by recent rains, and the subsequent flooding and landslides.
Full Story...


Timor minister to spill beans on Sunrise


TIMOR-LESTE’S Minister of Petroleum and Mineral Resources Alfredo Pires has promised to spill the beans on the “real” story about Woodside Petroleum’s on-ice Sunrise gas project, the country’s petroleum industry and its maritime borders.
Full Story...


DDA opens workshop in Lae


CHIEF government secretary Manasupe Zurenuoc opened the District Development Authority’s workshop in Lae on Monday, saying the government authority was very much a home-grown concept based on Prime Minister Peter O’Neill’s experience growing up in Pangia.
Full Story...


Gas uncertainty halts investment


INDONESIA’S investment coordinating board (BKPM) has raised concerns over gas supply uncertainty, which is affecting a government program to lure investors into industrial developments in the country’s Papua and West Papua provinces.
Full Story...


Year of the golden fleece?


THE YEAR of the sheep has kicked off solidly for gold with the precious metal climbing to its highest price in more than three weeks, according to Bloomberg.
Full Story...


ENB hosts DDA meeting


DISCUSSIONS on implementing the national government’s District Development Authority (DDA) in Papua New Guinea’s provinces are taking place this week, with members of the Authority’s Secretariat meeting with provincial and district leaders in Kokopo, East New Britain.
Full Story...


Oil Search doubts


WHILE Oil Search is sticking by its “she’ll be right” swagger for the next five years secure in its cashed-up PNG LNG future, analysts have cast doubt over future sales that could be jeopardised if oil prices don’t recover.
Full Story...


Larger share of Misima pie


WCB Resources has increased its interest in Pan Pacific Copper’s Misima Island project in Papua New Guinea by a further 19%.
Full Story...


Newcrest cuts Evolution stake


GOLD major Newcrest Mining has netted $A106 million from a partial sell-down of its stake in smaller producer Evolution Mining.
Full Story...


Price fall forces hiring paradox conundrum


AUSTRALIA’S mining, oil and gas players forced to restructure due to falling iron ore and oil prices are risking their profitability as a result of axing their most expensive but most knowledgeable people, a leading human capital industry expert says.
Full Story...


PNG LNG optimisation


THE ExxonMobil-led PNG LNG project, which originally targeted 6.6 million tonnes per annum before upping this to 6.9mtpa during development in 2012, recently hit a rate of 7.1mtpa with further capacity potentially set to be unlocked.
Full Story...


A landmark year for Oil Search


OIL Search has announced a net profit after tax of $US353.2 million ($A452.7 million) for the 2014 full-year – a whopping 72% increase on 2013.
Full Story...





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