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.