in all fairness premier are keeping their cards close to their chest it seems that no info is coming out which is wierd considering they gave updates with the first well. Its rather hard for ppp to be putting out announcements when the bigger players are not and im not sure ppp want to do too much standing on the other partners toes as we are still no yet secure in our 5% share. You have to wonder if the second well is a gusher why petrovietnam wouldnt nab the last 5% really i think all of these factors are effecting the current sp. PPP are in quite a state and it is to be seen whether than can make something out of a rather terrible situation that the vietnam foray has turned out to be. I dont think anything good about vietnam can be said until we are approved of a farm in as it looks as though the vietnamese are waiting for the results of this well before making that important decision it looks as though we are dammed if we do and dammed if we dont when it comes to finding oil in this second well. If there is oil this could prompt petrovietnam to take the entire 15% share and if there is no oil this could potentially push back production from the field but perhaps make the farm in a more of a relaity. Tense times in the next few weeks by the look of it.
Add to My Watchlist
What is My Watchlist?