NGE lifts exposure to US investors

NEW Guinea Energy has appointed investment bank Dahlman Rose and Company to sponsor its American depositary receipt program for the petroleum explorer’s shares on the OTCQX International exchange.
NGE lifts exposure to US investors NGE lifts exposure to US investors NGE lifts exposure to US investors NGE lifts exposure to US investors NGE lifts exposure to US investors

"New Guinea Energy's listing on the OTCQX has provided the company with more exposure to US investors over the last twelve months and we are looking forward to working with Dahlman Rose in further pursuing this exposure in the future," NGE executive chairman Michael Arnett said.

New York-listed ExxonMobil is the operator of the $US15.7 billion PNG LNG project. InterOil, which is leading the Gulf LNG project in PNG, significantly increased its profile after listing in New York and becoming known to more American investors.

The OTCQX marketplace is the top tier of the US over-the-counter market.

Disclaimer: Aspermont Publishing owns shares in New Guinea Energy.

loader

Most read Regions

  • 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