PPP pan pacific petroleum nl

looks as though their could be some decent buying opportunities...

  1. 9,463 Posts.
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    looks as though their could be some decent buying opportunities on the horizon.

    -The 3d is being done this month which should help define the resource in vietnam
    -TUI re assesment due perhaps ?
    -around tui drilling ?
    -Any finds in vietnam or TUI can be fast tracked to existing facilities in the region.
    -Further exploration in vietnam
    -Vietnamese government approval ?

    Plenty of good signs coming out of vietnam but i belive that once certaintly around vietnam is established ppp should fly. If we look at the recent sp movement due to vietnam solely we can see that around the 28th of may the sp was 0.32 after all of the news we have had we are now 46.5.

    .465-.32 * 566.8m shares= $82 m

    so you would have to say that if the resource is defined ( 80mmbl *15%= 12mmbl net to ppp) and we have farm approval there is plenty of upside yet to be factored into the sp.

 
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