New member: Twinza Oil Limited

Incorporated in 2004, Twinza is an unlisted oil and gas company focused on opportunities within the Asia-Pacific region. Since 2004 Twinza has built, through direct negotiation, acquisition and licensing rounds, a portfolio of discovered oil and gas field development and exploration projects, all of which it operates. The Company is now a well-established business with assets positioned for substantial growth.

Twinza’s portfolio currently comprises the Pasca A gas condensate field in Papua New Guinea and the onshore ATP 784 licence in Queensland, Australia. Initiatives are underway to build the portfolio. The Company’s head office is in Perth, Australia, with operation of the assets managed out of Singapore.

Twinza has an extensive track record in Papua New Guinea via its foundation shareholders, the Clough family, who established Clough Engineering in 1919. Clough Engineering has a long history in PNG with projects including the construction of the Hides gas plant, the Napa Napa oil refinery, the Hegigio pipe bridge and the Kumul oil export terminal. Building on these foundations Clough entered into three primary joint-ventures for the PNG LNG project culminating in US$1.5 billion of engineering projects. Twinza’s other major shareholder is Kerogen Capital, an oil and gas focused investment fund.

Twinza’s executive management team has many years of direct involvement in onshore projects in PNG via Gulf/Chevron, PetromerTrend and Premier Oil. The team has also direct experience in developing offshore “Gas Aggregation” projects in Indonesia, delivering gas via pipeline to Singapore, and in Myanmar, delivering gas via pipeline export to Thailand. Find out more at www.twinzaoil.com