What does NGE mean in ASX SYMBOLS
NGE stands for New Guinea Energy Ltd., a publicly-listed energy company based in Papua New Guinea (PNG). The company is engaged in the exploration, development and production of oil and gas within the country. NGE has invested significantly in oil and gas exploration in PNG, with its offshore fields located within the Western Province. It also holds interests in potential gas reserves that could be developed into natural gas liquefaction plants. All of NGE’s production operations are conducted with rigourous environmental, health and safety standards.
NGE meaning in ASX Symbols in Business
NGE mostly used in an acronym ASX Symbols in Category Business that means New Guinea Energy Ltd
Shorthand: NGE,
Full Form: New Guinea Energy Ltd
For more information of "New Guinea Energy Ltd", see the section below.
» Business » ASX Symbols
Operations
New Guinea Energy Ltd. is involved in both onshore and offshore exploration activities in Papua New Guinea. Its main focus is on exploring for new oil and gas reserves as well as developing existing finds to production level. Its portfolio includes petroleum interests obtained through a series of farm-in agreements to acquire projects from leading energy companies such as ExxonMobil, Oil Search Limited, AGL Resources Pte Ltd., InterOil Corporation, Total S.A., BP plc, Shell International Limited and Schlumberger Limited . As of March 2017, NGE has drilled four exploratory wells in two blocks within the Papuan Basin - PRL 11/Kafika-1 and PRL 15/Lakekamu-1 - aiming to discover large resource potentials from these two licenses.
The off shore asset at PRL 11 / Kafika 1 field had discovered first hydrocarbons before decommissioning due to bad weather conditions . Furthermore , NGE holds interest in a potential natural gas reserve , located at the Lakekamu basin . In order to optimize this discovery , trails have been taken for accessing both conventional reservoirs as well as unconventional resources which include tight gas reservoirs or coal bed methane plays . Through these activities , NGE targets increasing its reserves base through additional exploration that may lead to further appraisal of any discoveries made .
Conclusions
New Guinea Energy Ltd. provides an important service not only to Papua New Guinea but also to its stakeholders by helping unlock the country’s hidden petroleum wealth for commercial benefits while maintaining high environmental and operational standards at all times. Through its ongoing upstream activities and investments, it is committed to contributing towards PNG’s economic growth while delivering long-term value enhancement for shareholders along with managed risks associated with investment decisions in the oil and gas industry.
Essential Questions and Answers on New Guinea Energy Ltd in "BUSINESS»ASX"
What does New Guinea Energy Ltd. do?
New Guinea Energy Ltd. is an energy company that provides electricity, gas and other related products and services to its customers. The company seeks to meet the needs of its customers by providing quality services in a cost-effective manner.
Where is New Guinea Energy Ltd located?
New Guinea Energy Ltd is headquartered in Port Moresby, Papua New Guinea, but the company has offices throughout the country as well as overseas operations in countries such as Australia and Fiji.
Does New Guinea Energy Ltd offer renewable energy products?
Yes. New Guinea Energy Ltd offers solutions for green energy such as solar power and wind power generation projects. The company also has plans to expand their renewable energy offerings with hydropower and geothermal systems in the near future.
Is there a customer service line for inquiries about NGE products and services?
Yes, NGE has a dedicated customer service line available from Monday to Friday from 8am-5pm AST (Papua New Guinean Time). Customers can call +675 321 0300 for questions about NGE's products and services or general inquiries about their account.
Does NGE offer online accounts for customers?
Yes, customers of NGE have the option to create an online account where they can securely access information about their energy contracts and bills, make payments, set up recurring payments, view past invoices and more. This service is available 24/7 through the NGE website or mobile app.
How much does it cost to become an NGE customer?
The cost of becoming an NGE customer depends on the type of product or service you are interested in signing up for. There may be fees associated with switching over from another provider or signing up for certain services such as solar power systems so please contact our customer service team at +675 321 0300 for more details on pricing options.
What payment methods does NGE accept?
Currently, NGE accepts all major credit cards including Visa, MasterCard, American Express & Diners Club International cards as well as direct bank transfers from local banks in PNG via bank deposit slips.
Does NGE have any special discounts or rewards programs?
Yes, customers who sign up for direct debit payments with us are eligible to receive discounts off their monthly utility bill each month while loyalty reward points can be earned through regular purchases on select services offered by our company like gas & electricity plans. These points can be used towards discounted rates on additional products or services from time to time so please contact our customer service team for further details.
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