Larus remains on the lookout for a partner in its wholly-owned PPL 579,Â  9,257 sq km on/offshore in the Torres Basin, SE PNG, in exchange for participation in an upcoming explo programme. The area is home to live oil seeps, light oil and indicative of a petroleum system hitherto unknown here. Larus has an application pending for further acreage here, APPL 580,Â  842 sq km adjacent north to PPL 579. Contact: Ian Cross, icross@moyesco.com.
Papua New Guinea, APPL 580