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