Rift seeks $22.5m for gas hunt

LONDON-based Rift Oil plans to raise £11 million ($US22.5 million) to prove up reserves at its PPL-235 licence in PNG through a private placement of more than 293 million shares at 3.75p each.

Rift seeks $22.5m for gas hunt

Rift seeks $22.5m for gas hunt

Rift seeks $22.5m for gas hunt

Rift seeks $22.5m for gas hunt

Rift seeks $22.5m for gas hunt

19 July 2007
comments

The funds will be used on a work programme aimed at providing sufficient information for Rift to sign a binding agreement with Alcan South Pacific to supply about 800 billion cubic feet of natural gas

denied_image

PNG's leading resources sector news service

Subscribe today and enjoy full access to PNGReport.com - the most comprehensive source of news on PNG's resources sector and related industries in the country and wider region.

Website Package

Full access to PNGReport.com - desktop and mobile display
News and analysis of national and international projects
News and coverage of community events and issues.
Analytical coverage of corporate and investment activity
In-depth policy development and related governmental issues
Market watch and expert opinions
Regular technology and innovation features
Weekly wrap of stock prices for listed companies operating in PNG
Access can be purchased in AUD, EUR, USD

Try PNG Report for 30 days for ONLY $1

START YOUR TRIAL

view all subscription options

From our partners

ICTSI South Pacific is at the forefront of Papua New Guinea's global trade

SPONSORED
ictsi south pacific
Chamber conference could spark policy debate to help turn around sectoral invest

SPONSORED
png chamber of mines and petroleum
Orica's new explosives plant a boom for Lae and mining

SPONSORED
orica
Containment management innovation

SPONSORED
srj technologies
PNG growth a major focus for resource company

SPONSORED
mayur resources
Exciting PNG Island Gold project ready to go

SPONSORED
geopacific resources limited
Westpac has a long-term commitment to Fiji

SPONSORED
westpac
Australian company providing important wastewater solutions

SPONSORED
hydroflux pacific
Experience key to successful project execution in PNG

SPONSORED
mcdermott
More articles

ICTSI South Pacific is at the forefront of Papua New Guinea's global trade

SPONSORED
ictsi south pacific
Chamber conference could spark policy debate to help turn around sectoral invest

SPONSORED
png chamber of mines and petroleum
Orica's new explosives plant a boom for Lae and mining

SPONSORED
orica
Containment management innovation

SPONSORED
srj technologies
PNG growth a major focus for resource company

SPONSORED
mayur resources
Exciting PNG Island Gold project ready to go

SPONSORED
geopacific resources limited
Westpac has a long-term commitment to Fiji

SPONSORED
westpac
Australian company providing important wastewater solutions

SPONSORED
hydroflux pacific
Experience key to successful project execution in PNG

SPONSORED
mcdermott
More articles

hot topics

NEW: Digital version of PNG Report magazine - View here
Porgera: Barrick-PNG talks go on - Read more
Follow the companies investing in the PNG market - Read more

Most read Regions