http://www.stuff.co.nz/4349412a13.html Man there is some crazy reporting in Nz.....
"In comparison, the west coast Tui oilfield had about 100 million barrels of oil in place and had produced about 42 million barrels, Mr Beggs said." ?
Not the first time this 100 million barrel figure has been thrown about.
With a further well drilled TUI production is looking strong to maintain peak production for 2008 to take full advantage of record oil prices. 48000 average for Decemember.. Who the hell else has got anything near that figue pumping out at this time?????? Happy to hold PPP very very undervalued, solid quality producer. dyor
PPP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
