Projects


A range of oil and gas projects in Papua New Guinea

• Kina has equity in seven Petroleum Prospecting Licenses (“PPL’s”) (PPL’s 337,338,339,340,435,436 & 437) and has a 15% interest in a Petroleum Retention License (“PRL”) being the recently awarded PRL 21;

• The four foundation PPL’s were awarded in September 2009 for a period of six years. PRL 21 was awarded in March 2011 for a period of five years;

• These projects are located in onshore PNG and cover an extensive area totalling approximately 21,627 km2 of prime oil and gas exploration acreage;

• PRL 21 is in the Western Province of PNG covering an area of 730 km2, and contains two wet gas discoveries. The potential for a sizeable gas and condensate resource has led to an active and immediate exploration and appraisal program to be carried out in 20011/12;

• Three of the PPLs, 338, 339 and 340 are in the southern Papuan Basin which is a proven gas province. PPL 435,436 and 437 are in the west Papuan basin and are proven wet gas. PPL 337 is in the North New Guinea Basin (“NNGB”) which is a frontier basin that has experienced minimal exploration;

• The southern licenses are proximal to proven production, infrastructure and recent major discoveries and surround NYSE listed Interoil’s (NYSE: ”IOC”) giant Elk Antelope (8.2 tcf Sales Gas & 150 mmbl Condensate) gas condensate discovery;

• PPL 337 is a large area, in a known anticline with numerous gas seeps and is located close to road and port transport infrastructure as well as a growing, energy demanding, resource and industrial region.PPL 435, 436 and 437 represent growth asses to follow up success at PRL 21

Kina Projects