The company sold approximately 2,900 net acres in Carter County to an undisclosed buyer for $5m in cash.
The sale allows the company to focus on the core areas in Poland more than 327,000 net acres and in Papua New Guinea.
LNG holds a 100% interest in approximately 5.5 million acres of prospective oil and gas properties in Papua New Guinea.
Canada based LNG is an exploration and development company focused on developing oil and gas reserves in Papua New Guinea, Poland and the US.
