Umbrella Benefit Sharing Agreement (UBSA)

Andagali assures LOs on equity option

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.

ā€œ4.27 pesent ikuiti blo yupla mipla no mogijim. Mi bin sindaun na mi mekim shor osem at the board level. That did not happen,ā€ said Andagali. (We did not mortgage the 4.27 percent equity belonging to you. Iā€™m made sure whilst on the board that did not happen.)