This arrangement, called Kroton Equity, was done as per the Umbrella Benefit Sharing Agreement (UBSA) signed in Kokopo back in 2009.
Kroton Equity represents an option to acquire 25.75 percent of the shares in Kumul Petroleum (PNG LNG) Limited, which company holds the State's 16.57 percent participation in the PNG LNG Project.
Kumul Petroleum released a notice through the media on Thursday 31 December for the landowners to purchase the 4.22 percent Kroton Equity.
