Oct 12 (Reuters) - New Guinea Energy Ltd NGE.AX :
* New Guinea Energy strategy review NGE.AX
* Board has resolved to implement a new corporate strategy
* Will shift from investing in few, high cost, high risk activities to lower risk investments
* In preliminary discussions with interested parties to potentially farming out these licences to share costs, risks, and benefits of exploration"
* In first stage of implementing strategy, co to define, consolidate and rationalise nge's core business and assets
* Says associated restructuring and redundancy cash costs are estimated to be circa A$550K during 2h 2015
* Says under strategy, to minimise ongoing overheads
* Expects company will have at least A$20M in cash and listed shares at end of 2015 even after restructuring costs are incurred in fourth quarter
Source text for Eikon ID:nASX1XstdD