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Canadian Cheetah in PNG.

Canadian corporation Cheetah Oil and Gas Ltd. recently acquired five new petroleum-prospecting licenses in Papua New Guinea covering an area about twice the size of Canada's smallest province, Prince Edward Island. Most of these 8.4 million acres lie along PNG's fertile coastline and have never before been prospected for oil. In total, Cheetah now maintains leases covering 12.2 million acres, making it the largest petroleum exploration company in the country. Through these leases, Cheetah is committed to US$20 million in exploration expenditures before January 2006. Despite this aggressive prospecting program, the Cheetah Oil website and press releases currently make no reference to the company's environmental policies or its relationship with indigenous peoples.
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Title Annotation:News & Views; Cheetah Oil and Gas Ltd
Publication:Tok Blong Pacifik
Article Type:Brief Article
Geographic Code:0PACR
Date:Sep 22, 2004
Words:115
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