I think that PPP is just a spin off basically of NZO who 12.5% in the same Tui project.
Tui was originally only 27m 2P reserves I think upgraded to 42m and now 47m after they extended their FPSO contract recently. However, they are not seeing the decline in resourse that they expected and are now due a further upgrade at the end of June.
Makes it look attractive I reckon.
Add to My Watchlist
What is My Watchlist?