how low will it go?, page-8

Jayinaussie....you are wasting your time trying to offer advice to Dargie about buying back into PPP.
Dargie sold out some months ago and is unlikely to buy any PPP shares in the future.
As you may have picked up, Dargie is not all that enamoured of the Management of PPP.

There are tow slim chances for PPP in the immediate future.

1. Timor Sea - second prospect to be drilled soon. While Lore 1 proved to be disappointing it did indicate presence of some hydrocarbons.........so maybe Lolotoe will find oil there.

2.Block 07/03 - second well (Ca Rong Vang) most likely underway although somehow PPP has failed to notify that the well is being drilled. Nor, so far, has it attempted to provide any updates on drilling progress.
That is despite the fact that Premier Oil indicated back on the 19th November that the rig (Hakuryu 5) was due on site within a day or two of the 19th.
I would have assumed that the well would have been spudded by the 25th at the latest.

Why so quiet ???

PPP Management at its best !

However, if the well did strike oil in the same quantities as the Ca Rong Dong well then I think Premier would be thinking about developing the wells as production wells within about 12 months or so.

That could benefit PPP.....so long as PPP actually has 5% of the Block. Now I wonder if it has ??????????