re: junior oilers january 25/26 - re 1.pte 2. ppp
Hi BG,
Thanks for the learned interpretations.....
Due you fancy one of those $1.8m Ferrari's?? Might fit the bill.
The 25% was from memory so I have checked back and here it is from PPP's quarterly released 31/10/02. Incidentally this contained a give away clue where their % interest is listed at 15% in the table but 40% in the paragragh below. The clue being farmout was on, but only announced to market a couple of days later. Not that I took any action on it at the time!
I suppose this will look a mess (I just pasted it), but here we go:
PAN PACIFIC PETROLEUM NL - DRILLING SCHEDULE
PROSPECT PERMIT PPP POTENTIAL + RISK ++ PLAY TYPE LIKELY EQUITY (MMBBL) % DEPTH DATE 2002
Argos WA254P 2.99 4-8 20 Lower Barrow Nov Taunton TL2 10.00 3-5 26 Mardie Nov Immortelle TP7 4.16 15-50 24 Top Barrow Nov
2003
Tui PEP38460 15.00 200-700 26 Kapuni Feb Montgomery WA149P 10.00 30-70 15 Barrow/ Dupuy Feb
UPCOMING DRILLING SCHEDULE
Pan Pacific has conducted its own assessment of the Flinders 3D seismic and considers Mosman, Clove and Hyssop attractive prospects that should be drilled as soon as the rig schedule permits.
PROSPECT PERMIT PPP POTENTIAL + RISK ++ PLAY TYPE LIKELY EQUITY (MMBBL) % DEPTH DATE 2002
Mosman-1 TL2 23.17 20-45 19 Lower ) under Barrow ) discussion Clove-1 TL2 23.17 30-50 24 Lower ) Barrow ) Hyssop TP7 4.16 12-30 19 Top ) Barrow ) + PPP midcase to upside estimate ++ PPP estimate of midcase chance of success
And from release 23/1/03
Mid-case potential for the Tui prospect is estimated to be 700 million barrels in the primary D Sand objective, with a further 400 million barrels potential in the Moki and 50 million barrels in the Kapuni F Sands.
