NGE names investment bank as sponsor in US

Business, Normal

The National, Monday 19th December 2011

NEW Guinea Energy has appointed investment bank Dahlman Rose and Co to sponsor its American depositary receipt programme for the petroleum explorer’s shares on the OTCQX International exchange.
“New Guinea Energy’s listing on the OTCQX has provided the company with more exposure to US investors over the last twelve months and we are looking forward to working with Dahlman Rose in further pursuing this exposure in the future,” NGE executive chairman Michael Arnett said.
New York-listed ExxonMobil is the operator of the US$15.7 billion PNG LNG project.
InterOil, which is leading the Gulf LNG project in PNG, significantly increased its profile after listing in New York and becoming known to more American investors.
The OTCQX marketplace is the top tier of the US over-the-counter market