Petromin/Kalinoe are GONE = Kumui Petroleum

[petrengr1]

From Tree's Dec 6th article: "Papua New Guinea’s oil and gas industry is celebrating a government decision to convert the under-performing upstream regulator (DPE) into a statutory authority. It is understood the main differences between the current regime and the statutory authority are that industry players will pay a levy to fund the authority, and an independent board and managing director (Frank Kramer?) will oversee and provide expertise, without compromising regulatory authority."

Looks like they have thought of a new source of funds to pay the Gov't employee's salaries.