VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 4, 2013) - LNG Energy Ltd.'s (TSX VENTURE:LNG) ("LNG" or the "Company") board of directors (the "Board of Directors") has approved an advance notice policy (the "Policy") effective August 29, 2013. The purpose of the Policy is to provide a clear framework for nominating directors of the Company; which will facilitate an orderly and efficient process for nomination and [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 23, 2013) - LNG Energy Ltd. ("LNG" or the "Company") (TSX VENTURE:LNG) announces the resignation of Mr. David Afseth as director. Mr. Afseth also served as the Company's President and CEO for four years before stepping down in 2012. During his tenure, he was instrumental in advancing LNG's Papua New Guinea assets, leading to a farm out of a portion of the assets earlier this [...]
LNG Energy and Enterprise Energy are pleased to announce the completion of the acquisition of Enterprise by LNG. The Acquisition increases LNG's net working interest in PPL 319 in Papua New Guinea to 16.85% and in PPLs 320, 321 and 322 to 84.25%. Under the terms of the Acquisition, LNG issued 238,633,975 common shares in exchange for all of the 47,726,795 issued and outstanding common shares of Enterprise, on the basis of [...]
LNG Energy is pleased to announce that the shareholders of Enterprise Energy Resources have approved the acquisition of Enterprise by LNG. The transaction is subject to final regulatory and court approvals. Under the terms of the acquisition, each one Enterprise common share will be exchanged for five common shares in the capital of LNG (each common LNG share being an "LNG Share"). Enterprise stock options will be [...]
Enterprise Energy is pleased to announce that it has entered into a definitive agreement with LNG Energy whereby LNG will acquire, through a court-approved plan of arrangement under the Business Corporations Act, all of the outstanding common shares of Enterprise for total consideration of approximately C$4.7 million (based on LNG's closing price on June 21, 2013) payable in shares of LNG.
LNG Energy is pleased to announce that its subsidiaries, Telemu No. 18, LNG Energy (PNG) Limited and LNG Energy No. 2 Limited, have closed their farm-in agreement with wholly owned subsidiaries of Heritage Oil. In exchange for an 80% participating interest in the PPL 319 and PRL 13 licenses (as announced in the press release of April 2, 2013), Heritage has made a cash payment to Telemu of US$4 million plus the [...]
LNG Energy is pleased to announce that its subsidiaries, Telemu No. 18, LNG Energy (PNG)and LNG Energy No. 2, have entered into a farm-in agreement with wholly owned subsidiaries of Heritage Oil. In exchange for an 80% participating interest in the PPL 319 and PRL 13 licenses, Heritage will make a cash payment to Telemu of US$4 million, fund the acquisition of a minimum of 100 km of seismic within the license areas and [...]
LNG Energy is pleased to announce that its subsidiary, Telemu No. 18, has entered into an investment agreement with EERL Holdings (BVI) Ltd. under which EERL contributed US$4,000,000 towards a 22km 2D seismic program and some past cost reimbursement on Telemu's PPL 319 in Papua New Guinea for a 31.5% equity interest in Telemu. In connection with the investment, LNG, EERL and Telemu also entered into a shareholders [...]