Kumul Petroleum Holdings managing director Wapu Sonk

This was stated by former Kumul Petroleum Holdings Deputy Chairman, Larry Andagali.

He gave the assurance yesterday during a meeting between Kumul Petroleum Holdings Limited and all landowners affected by the PNG LNG Project.

“4.27 pesent ikuiti blo yupla mipla no mogijim. Mi bin sindaun na mi mekim shor osem at the board level. That did not happen,” said Andagali. (We did not mortgage the 4.27 percent equity belonging to you. I’m made sure whilst on the board that did not happen.)

Minister for Petroleum and Energy Nixon Duban during the announcement this afternoon said the petroleum industry is growing and needs an avenue to market it to the potential investors.

“The summit will showcase PNG as an investment destiny in the oil and gas market.

“We believe PNG have not been marketed properly and the timing is right for world to know PNG as prospect market,” Minister Duban said.