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Rawson Oil and Gas Limited is an Australian-listed company focused on building a high impact oil and gas portfolio in Papua New Guinea while continuing to commercialise its existing assets in the Otway Basin in South Australia.
Our exploration strategy is focused on highly prospective, under-explored regions of Papua New Guinea. We have a diverse exploration portfolio over a variety of petroleum trends that have different levels of risk and potential. These range from a multi-Tcf gas opportunity in a shallow coastal water setting to a "forgotten" shallow oil accumulation that offers a short transition to potential production at very low cost.
Rawson's PNG portfolio includes three licences spanning the North Coast of Papua New Guinea, in the North New Guinea and Cape Vogel basins. Securing these licences represents an important step in the exciting exploration strategy Rawson is implementing in Papua New Guinea.
In the Otway Basin, South Australia, we hold two onshore licences, targeting conventional gas prospects, located close to infrastructure, with multiple gas-sales options available in a discovery case. The company listed on the ASX in 2005. We have no debt, less than 100 million shares on issue and cash to meet all present operational obligations.