HIDES PETROLEUM DEVELOPMENT LICENSE 1 (PDL1) SUB CLAN ACCOUNT OPENING PROGRAM

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PUBLIC NOTICE

HIDES PETROLEUM DEVELOPMENT LICENSE 1 (PDL1)
Sub Clan Account Opening Program

This public notice serves to inform all project area landowners in Hides Petroleum Development License 1 (PDL1) that the Mineral Resources Development Company Limited (MRDC) will resume the Bank Account Opening exercise in Tari, Hela Province.

After much delay, the Gas Resources Gigira Limited Board has authorized MRDC to re-engage with the beneficiary clans, especially the main clans who wish to open sub clan bank accounts.

MRDC will proceed with the sub-clan bank account opening exercise as per schedule highlighted below:

NO DATE BLOCK/ACTIVITY DURATION
1. 01-02 November, 2026 HIWA 2 DAYS
2. 03-04 November, 2026 TUGUBA 2 DAYS
3. 05-06 November, 2026 KAMIA KERA 2 DAYS
4. 07-08 November, 2026 HABANO 2 DAYS
5. 09-10, November, 2026 TUGU TAPIRA 2 DAYS
      =10 DAYS

MRDC urges the full cooperation of all clan leaders and key stakeholders so that this program is successfully completed as scheduled.

Block leaders should take note of this notice and inform the landowners of the respective sub clans/blocks of the program.

MRDC remains committed to completing this important process to ensure that the royalty and equity benefits for the PDL1 beneficiaries are finally paid after much delay.

MRDC also notifies all stakeholders including the impacted landowners of Hides PDL1 that MRDC will not be responsible for any costs that is incurred during the program.

For further information, please contact project coordinators:

Mr. Kuns Boli:  7175 4867
Mr. Mel Yapi: 79670747

Thank you for your cooperation and commitment.

Mr. Augustine S Mano CBE

Managing director & CEO

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