New Guinea Energy Ltd. (NGE) is an Australia-based company that participates in the oil and gas industry in Papua New Guinea (PNG) and the South East Asian area. The Company has 100% interests in six granted petroleum prospecting licenses (PPLs) 265, 266, 267, 268, 269 and 277 covering an area of approximately 52,810 square kilometers or approximately 13,049,635 acres in the western and southern highlands of PNG, and which are held by the subsidiaries, which include Ladysmith Limited, Roebuck Limited, Engelberg Limited, Kirkland Limited, Taylor Limited, Kingsbury Limited and NGE Administration Limited.(Source: ARS)