Twinza provides an update regarding the proposed debt for equity swap by way of a creditors' scheme of arrangement.

Important notice to shareholders and preference shareholders: On 19 February 2025, Twinza updated shareholders that the Company's Senior Lenders had issued a proposal for a debt for equity swap to be actioned by way of a creditor's scheme of arrangement.

On Tuesday, 10th December 2024, the PNG Government and Twinza initialled the Pasca Gas Agreement in Sydney, Australia. This is a major milestone for the Company.

MRDC and Twinza are pleased to announce that they have executed agreements for: MRDC to acquire an up to 50% Participating Interest in Twinza's Pasca A Project; and, MRDC and Twinza to cooperate in the acquisition and development of future oil and gas opportunities in Papua New Guinea.

Twinza is pleased to announce that it has completed two new major reservoir assessments for the Pasca A field. An updated independent assessment of the Pasca A hydrocarbon resources has confirmed a total resource increase of 35%, and an independent assessment validates the potential for sequestration of up to 200 million tonnes of carbon dioxide.

Twinza announces the appointment of Robert Gard as the new Chief Executive Officer for the company.

Twinza is pleased to announce that effective today, Stephen Quantrill has been appointed as Chairman of the Board.

The Pasca A Gas Agreement will not be signed today on 29 July 2021 as announced and the company awaits a formal communication from the State on the way forward.

Twinza's new director, Erick Kowa, shares his views on what Pasca A means for PNG and the future.

Twinza has appointed Erick Kowa to the Board of the Company effective 1 February 2021. Mr Kowa will move from his role of Gas Project Development Manager where he has most recently been co-lead of the negotiating team for the Pasca A Gas Agreement.

Twinza notes the media release, 24th September 2020, from the office of the Prime Minister of Papua New Guinea, the Hon. James Marape, regarding the Pasca A Gas Agreement. Twinza can confirm that non-binding terms were agreed between the State Negotiating Team and Twinza on 13th September 2020 which met the State's objectives.

Twinza has entered into a Memorandum of Agreement (MOA) with the Gulf Provincial Government of Papua New Guinea. The agreement, that was signed by the Governor of Gulf Province, Hon. Chris Haiveta MP and lan Munro, Chairman and CEO of Twinza Oil, establishes a co-operative relationship between the parties that can deliver material benefits to the province and the country.

The State of Papua New Guinea has commenced negotiations with Twinza on the fiscal terms for the Pasca A gas-condensate field in the Gulf of Papua. The Government is represented in the discussions by the State Negotiating Team, with members from key selected agencies.

Twinza announces that the National Executive Council has endorsed the submission for development of the Pasca A gas-condensate field in the Gulf of Papua. The Government is ready to commence negotiations on the Gas Agreement in the near term, setting out the fiscal terms to allow the Project to enter the FEED phase later this year.

Twinza Oil announces that the Ministerial Determination for the Pasca A project has been signed by the Petroleum Minister, Mr Kerenga Kua, giving a green light for the development to proceed. The Pasca A project will be the first offshore field development in Papua New Guinea.

Twinza Oil (PNG) Ltd invites Papua New Guinea incorporated, or owned, firms, contractors and service providers to submit their company's expression of interest with a view to providing required services for the Pasca A offshore facilities and onshore base.

Twinza has offloaded the COSL Seeker jack-up drilling rig at Port Moresby. The Pasca A4 well will appraise the Pasca A gas-condensate field discovery.

Pasca A Environmental Impact Statement Executive Summary for download.

Twinza Oil Ltd submitted an application for a Petroleum Development Licence (PDL) to the Department of Petroleum and Energy on the 30th June 2015.