Eaglewood Energy Inc. has been offered a Strategic Processing Facility Licence (APPFL 3) and Strategic Pipeline Licence (APL 9) in the Western Province of Papua New Guinea. Final grant of the Licences is subject to a number of condition precedents, the most significant of which is the establishment of a Project Agreement between Eaglewood and the Independent State of Papua New Guinea.

The Licenses will grant Eaglewood the right to construct and operate a strategic gas condensate processing facility close to the Ubuntu Discovery (PRL 28 - Eaglewood, Talisman Energy, Mitsubishi, MFI) and Elevala, Tingu and Ketu discoveries (PRL 21 - Horizon Oil, Talisman Energy, Mitsubishi, Kina Petroleum) and a strategic pipeline to deliver the condensate from these fields to a location on the Fly River from where it will be shipped to market.

Tags: Eaglewood Energy