Kumul Petroleum Holdings Limited

This strategic investment further strengthens Kumul Petroleum's position in the energy sector and sets the stage for continued growth. Kumul Petroleum's Managing Director, Wapu Sonk, expressed his enthusiasm for the deal, stating that after months of meticulous negotiations with both national and international financiers, they are pleased to announce the successful acquisition of additional equity in the PNG LNG Project. This venture has been in motion since the National Executive Council's initial approval in September 2022.

KPHL Managing Director Wapu Sonk, when presenting the cheque recently, extended his sympathy at their loss of livelihood.

“As a corporate citizen, we have a social responsibility to the community we operate in, here in Port Moresby as well as in oil and gas field areas, and we feel obligated to help at this time of need for a lot of our people at Hanuabada village.”