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As of January 31, 2020, South Pacific Resources Limited was acquired by Takmur Pte. Ltd, in a reverse merger transaction. South Pacific Resources Limited operates as an oil and gas exploration company. It holds 100% working interest in five petroleum prospecting licenses in Papua New Guinea, including PPL 366 and 367 are located onshore; PPL 356 and 357 offshore in the Papuan Basin close to discovered oil and gas fields; and PPL 358 in the frontier Cape Vogel Basin. The company was formerly known as Coral Sea Petroleum Limited and changed its name to South Pacific Resources Limited in February 2015. South Pacific Resources Limited was incorporated in 1991 and is headquartered in Sydney, Australia.
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