Oil Search/ Exxon announcement today that they have upgraded the P'nyang gas field resource and want to pipe one new train of gas from it to the PNG LNG plant. Exxon state that This investment would extend our gas pipeline infrastructure into the country’s Western Province.
Having the PNG LNG partners extend their pipeline much closer to some of our interests is very good for KPL The other good news (for me) is that the SP fell 11% today and I bought them.