KEYFACT Energy
Contacts
Larus Energy Limited
Level 28, 140 St Georges Terrace
Perth WA 6000
Tel: +61 8 9288 1784
Larus Energy
Description
Larus Energy Limited is an Australian public unlisted petroleum exploration company, incorporated in New South Wales, Australia on 23 November 2009, operating Petroleum Prospecting License 579 (PPL 579) in the Torres Basin, Papua New Guinea. The company has positioned itself to participate in the forecast growth of PNG’s oil and gas sector.
Larus Energy is solely focused on PPL 579 and holds a 100% interest in the license through its wholly owned subsidiary, Larus Energy (PNG) Limited. The license has both onshore and offshore targets across a highly prospective area covering over 9,244 km².
The area covered by PPL 579 has had minimal exploration work undertaken over it. Larus Energy, in the first stage, is conducting an intensive exploration program to develop a number of drillable prospects for the next stage. Larus Energy then proposes to drill one or more wells to test the prospectivity of PPL 579.