LNG Energy Ltd. is pleased to announce that it has granted 500,000 stock options pursuant to its previously approved stock option plan to a consultant of the Company .
The options are exercisable over 5 years at an exercise price of $0.35 per share.
LNG Energy Ltd. is a Canadian exploration and development company focused on developing oil and gas reserves in Papua New Guinea, Poland and the US. LNG holds a 100% interest in approximately 5.5 million acres of prospective oil and gas properties in Papua New Guinea. LNG also has a 20% interest in approximately 730,000 acres of a shale gas exploration project in Poland together with BNK Petroleum Inc., Sorgenia E&P S.p.A., and Rohol-Aufsuchungs Aktiengesellschaft, and a 100% net interest in BWB Exploration, LLC (“BWB”), which holds approximately 2,800 acres of oil and gas leases in Carter County, Oklahoma and an estimated 65,000 acres of leases in the Black Warrior Basin of Mississippi and Alabama.
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Source: LNG Energy Ltd., November 26, 2010