Firm confirms delisting from POMSoX

Business
Source:
The National,Thursday June 30th, 2016

THE New Guinea Energy Ltd has confirmed that the company will be delisted from the Port Moresby Stock Exchange.
The last day of trading on POMSoX was 22 June 2016.
Company secretary Justin Mouchacca in a market release yesterday, said as announced on April 21 this year, the company had been listed on POMSoX since mid-2008.
Over this period, there has been minimal trading on POMSoX to warrant further administrative costs to be incurred by the company which could be used in other aspects of the business.
“NGE shareholders who have decided to continue to hold their shares will be administered by the current share registrar in Australia, Boardroom Pty Limited.
Following delisting, each shareholder will receive a new holding statement which will provide details of your new Security Reference Number on the Australian register.”
New Guinea Energy is an Australian company that has historically focused on oil and gas exploration in Papua New Guinea.