APPL 550

APPL 550 - (Rawson Oil and Gas 60%, Operator)

Rawson Oil and Gas has a 60% interest in APPL 550, Papuan Basin, Papua New Guinea.

  • The licence application is for a six year term, with a further 6 year renewal period

  • Papuan Basin Fly River platform trend contains multiple gas and condensate discoveries at up to 65 bbl/MMscf

  • Low risk - close proximity to existing Stanley, Elevala, Ketu, Tingu and Ubuntu accummulations

  • Existing Fly River platform licence holders looking to explore to build gas aggregation for development