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PNG region continues to produce ‘world class’ hydrocarbon provinces...
Dear %%FirstName%%,
Newport Energy Limited (NPE) seeks to be an exploration specialist committed to maximizing results through effective identification, acquisition, exploration and management of quality conventional oil and gas assets.
Newport Energy’s intention is to initially focus on the exploration of PPL 326, which lies between the Papuan Peninsular and the Papuan Plateau.
Sinom Group Holdings Pty Ltd, a Chinese investment company, will become a major shareholder of Newport Energy and will hold 11.49% of the shares on issue at the time of the IPO.
This offer is only available via brokers that have made firm bids for stock. InvestSMART subscribers have a limited availability to apply for shares under the "Chairmans List" made available by YBR Securities. Applications and cheques MUST be sent directly to the below address to be processed under this offer:
YBR Securities Pty Ltd GPO Box 5002 NSW 2001
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| Offer Overview |
| Offer |
Newport Energy Limited |
| Issue Price |
$0.25 per share |
| Minimum Investment |
$2,000 |
| Amount Sought |
$10,000,000 |
| Open Date |
21st June 2010 |
| Close Date |
2nd July 2010 |
| List Date |
15th July 2010 |
| ASX Code |
NPE |
| Market capitalisation at Listing |
$26,150,030 |
Disclosure... InvestSMART will not receive any placement fees for this IPO. |
Documents & Links...
Prospectus
Offer Overview
Download Tips
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| Contact InvestSMART on 1300 880 160 for more information |
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Project Overview
The PNG region, in particular the Papuan fold/thrust belt, and more recently the Aure Trough to the northwest of PPL 326, continue to prove to be ‘world class’ hydrocarbon provinces.
PPL 326 is a large area of unexplored ground in a highly productive tectonic plate zone with significant oil and gas discoveries in the neighboring region, including the Elk and Antelope discoveries by InterOil. It lies in the eastern frontier part of the Eastern Papuan Basin, and occupies an area of 16,752 square kilometers between Port Moresby and the southeastern tip of the Papuan Peninsula.
The synchronicity of PPL 326 within a strong petroleum precinct, the same geological formations and proximity to existing infrastructure, in the company’s view places Newport Energy in a truly unique position.
The Offer
Newport Energy is raising $10 million via the issue of 40,000,000 shares at $0.25 each. The offer is due to close on Friday 2nd July 2010.
Click here to find out more about the Newport Energy offer.
This email address is not monitored. Please reply to admin@investsmart.com.au or call 1300 880 160.
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