Here we are banging on about about brick walls and the like and lack of management, yet over at the TAP ranch here they saying that Maitland is one of their better value accreditive projects on the go.
TAP are talking about 260PJ of gas. Apache have said previously that if development drilling was successful, could be 800PJ.
We worked out a while back that 260PJ was worth 20 cents a share to PPP. I shudder to think what 800PJ was worth.
Can I wait until the end of 2008 for the development drilling? You betcha.
Can I wait until 2010 for a successful Maitland to begin production? You betcha.
PPP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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