Wednesday June 06, 2007

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InterOil begins planning LNG facility
FIFTEEN natural gas engineering experts are in Papua New Guinea to assess the challenge of building by far the largest resource development project in the country’s history.
Log export levy reduced by 6%
THE log export tax has been reduced by 6% from 34.5% to a flat rate of 28.5% of the free on board (FOB) value under this year’s national budget.
Lihir, Allied shares up
LIHIR Gold rose further yesterday to hit a record high of A$3.25, up A$0.07, on a turnover of 16.95 million shares, while Oil Search put on A$0.03 to A$4.10.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                    

    
Site inspection tour... An InterOil official explaining the extent of LNG project in Napa Napa to visiting gas engineering experts

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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