News

October 06, 2009

New Guinea Energy Bags Talisman Energy As Farm-In Partner In Papua New Guinea

The Australian oil patch lost one of its more colourful, enterprising and dynamic characters earlier this year following the untimely passing of Jeremy Towner. Towner was one of the founders of Sunshine Gas, which has been at the forefront of the country’s burgeoning coal seam gas industry, and a founding director of New Guinea Energy, which is starting to establish itself in Papua New Guinea.

When he appeared at an oilbarrel.com event in 2008, Towner was about to embark on a 40 city roadshow to drum up support for New Guinea Energy’s exploration campaign in PNG.  He was keen for the ASX-listed company to bag farm-in partners to help with the costs and risks of exploring its 100 per cent owned and operated portfolio of six licences in the country, a jungle-clad tract of 52,000 sq km of highly prospective frontier acreage.

That search has now borne fruit, with the...