Dahlman Rose & Co. Announces Principal American Liaison Sponsorship of ASX Listed New Guinea Energy Ltd on OTCQX International

NEW YORK, March 22, 2012 /PRNewswire/ -- Dahlman Rose & Company, LLC, a leading investment bank specializing in the global natural resources supply chain, has announced its sponsorship as Principal American Liaison (PAL) for Sydney-based New Guinea Energy Ltd (ASX: NGE) on the OTCQX International Platform under the symbol NGELY, effective December 8, 2011.

New Guinea Energy Ltd is an oil and gas exploration company focused on onshore exploration in Papua New Guinea. 

"We are delighted to be working with New Guinea Energy, assisting them to make the most of their listing on the OTCQX International," said Stephen Nash, Managing Director and Co-Head of Dahlman Rose's OTCQX Global Markets Group. 

As part of Dahlman Rose's Principal American Liaison sponsorship, the firm has been retained to provide a suite of services and will provide the PAL compliance function for New Guinea Energy's listing on the OTCQX International.  Dahlman Rose's suite of services distinguishes its PAL sponsorship program by providing unique insights about the U.S. market environment and the highest level of aftermarket service to its clients.

ABOUT DAHLMAN ROSE & CO.

Dahlman Rose & Co., LLC (MEMBER: FINRA/SIPC) is a research-driven investment bank focused on energy, transportation, infrastructure, and other industries that compose the global supply chain. The firm's industry-leading analysts, bankers, and traders offer unique insight into the companies and markets that provide the building blocks of the global economy. Dahlman Rose provides institutional sales and trading, equity research, mergers and acquisitions advisory, and underwriting services. For more information regarding Dahlman Rose, please visit www.drco.com.

ABOUT NEW GUINEA ENERGY LTD

New Guinea Energy Ltd (ASX: NGE) is an Australian company focusing on oil and gas exploration in Papua New Guinea (PNG). New Guinea Energy possesses one of the last available prospective, onshore, non-aligned acreage positions in SE Asia. NGE has 6 onshore Petroleum Prospecting Licenses (PPLs) covering more than 44,800 SQ KM.  More information regarding these PPLs is available from NGE on their internet website.

For more information please visit www.ngenergy.com.au.

ABOUT OTCQX

The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter (OTC) market, providing investors with an objective measure to distinguish the best OTC-traded companies.  Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their investors a level of marketplace services formerly available only on a U.S. exchange. OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC Market.

For more information, please visit www.otcqx.com.

SOURCE Dahlman Rose & Company, LLC

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