PPP 0.00% 3.7¢ pan pacific petroleum nl

The second well had to be drilled almost straight away as part...

  1. 5,502 Posts.
    lightbulb Created with Sketch. 249
    The second well had to be drilled almost straight away as part of the permit conditions and they lucked out with the result.

    As regards the appraisal, they are still making preparations to conduct the drill stem test in the hydrocarbon bearing sands in the oligocene section.

    I thought it would all be over by now, but this has another week in it - that must be costing a lot of money and implies they are happy to spend it because of the expectation of a very positive result.

    "no mon no fun"
    from premier website - encouraging and vietnam in the same sentence - surely that is a step up from what they have said thus far

    "Planned 20 exploration wells in 2011 programme targeting 400 mmboe of unrisked potential; encouraging start with first quarter 2011 wells; currently drilling in the UK, Egypt and Vietnam"
 
watchlist Created with Sketch. Add PPP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.