Five beneficiary groups

Representatives from the five beneficiary groups signed ‘Unit Application Agreements’ with Kumul Petroleum Holdings Managing Director, Wapu Sonk, for the transfer of shares to the beneficiary groups through the exercising of the Kroton Equity Option using KPHL’s Vendor Finance.

The beneficiary groups include PNG LNG Plantsite, PNG LNG Pipeline, PDL 9 – Juha, PDL 4 – Gobe, and the Fly River Provincial Government.

The beneficiary groups are from PNG LNG Plant site, PNG LNG Pipeline, PDL 9 – Juha, PDL 4 – Gobe, and the Fly River Provincial Government.

The beneficiary groups will sign the agreement with Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk, in Port Moresby

Sonk announced this week (Tuesday) that the five beneficiary groups expressed interest to sign the agreements for the share transfer documents as well as the vendor note