On 25 April 2019, Gini Energy No2 Ltd was awarded exploration licence PPL 643, located in the central Papuan Fold Belt. The licence covers an area of 85 sq km over the southern area of the Paua oil discovery and is valid until 24 April 2025. The application was submitted to the Department of Petroleum & Energy in August 2018 under the company name Gini Petroleum & Gas Ltd. A name change was since registered on 19 February 2019.  The Paua field and PPL 643 neighbour the Moran oil field which has been undergoing a field life extension programme by Oil Search during 2019. Outpost wells Moran 3, and two sidetracks, were drilled into the PPL 643 area in 1997 by Chevron Niugini. The wells did not result in extending the field to the southeast. Nor did the Moran Southeast 1X exploration well, which was drilled near the centre of PPL 643 area in 2004 by Oil Search. The well targeted a separate structure to the Moran Complex and found both the Digimu member and Toro Sandstone to the dry at location.  To the north, Gini Energy Ltd has held PPL 378 since 2011 and remains valid until 2023 after an extension in 2018. Between PPL 378 & 643, the discovery is covered.  Helios No 56 Ltd, an UMC Energy owned company held a competing application â PPL 478. It's assumed this application has now been rejected by the DPE and the company plans to delisted from PNG registration. UMC continues to hold interest in Gini Energy with Exxon Mobil. Oil Search also has two applications which, in part, overlap with Gini's new area: APPL 592 and APPL 623. It is thought that APPL 592 may be refused by instrument and the APPL 623 area will require an area change to avoid PPL 643.  Gini Energy No2 Ltd has been awarded 100% interest in exploration licence PPL 643 which covers 85 sq km in the central Papuan Fold Belt.
Papua New Guinea, APPL 592