PPP 0.00% 3.7¢ pan pacific petroleum nl

Ann: PPP Completes Sale of Tui to Tamarind, page-4

  1. 8,077 Posts.
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    Unfortunately PPP had too much money for the major shareholder/directors to play with.....gamble with. They took a big gamble on those 2 nearby Tui like structures, ran into drilling difficulties with both and paid a huge price for their gamble. Well the shareholders paid a huge price for their blunder. We probably would have lauded their gamble if it had come off but given the size of PPP it wasn't worth the risk.

    So what will the Vietnam prospect development bring. A big bill for the development if it goes ahead? What will PPP do and will it manage to retain its 5% anyway?
 
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