Petroluem Resources Gobe Limited

Petroluem Resources Gobe Limited (PRG) is a land owner company incorporated to participate in the Gobe Oil fields in Southern Highlands Province, Papua New Guinea. PRG is comprised of many incorporated landowner groups which are further sub divided into tribes and clans. The main land owner group comprising PRG are the people of Gobe people and Simberigi Valley.

PRG also undertook strategic approach to invest its surplus funds received as royalties and equity in feasible diversified investments after the approval of it sinvestment policy. The incomes generated are then reinvested to increase PRG’s total investment portfolio to meet its set objectives.

In 2009, PRG recorded a total K40.8 million in portfolio value under management.

Table 1.1 PRG Portfolio value by year

PRG TOTAL INVESTMENT PORTFOLIO VALUES FOR PERIOD 2006 - 2009
Year Portfolio Value (K’million)
2006 8.2
2007 19.3
2008 38.4
2009 40.8


Graph of PRG’s Investment Portfolio.



Historically the portfolio achieved a steady growth around 80% in 2009 by K32.6 million from K8 million to K40.8 million.