NGE targets to raise $US49.9m via IPO

PNG-focused oil and gas explorer New Guinea Energy is hoping to raise up to $A60 million ($US49.9 million) through an initial public offering to fund an extensive drilling program over its exploration acreage.

NGE targets to raise $US49.9m via IPO

NGE targets to raise $US49.9m via IPO

NGE targets to raise $US49.9m via IPO

NGE targets to raise $US49.9m via IPO

NGE targets to raise $US49.9m via IPO

17 April 2007
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The IPO listing of 100 milion shares at A60c per share on the Australian Stock Exchanges is expected to increase the company's market capitalisation to about $A150 million.

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