PPP pan pacific petroleum nl

so much uncertainty surrounding block 07/03

  1. 9,463 Posts.
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    Looks as though the market is not reading too much into the last announcement. Seems as though their is worry around whether ppp will be allowed to farm into block 07/03.

    Questions that have to be answered pronto

    - will the vietnamese govt block the farm in if commercial oil or gas is found.

    - Why has the drilling stopped 200m above target depth

    - People on other forums are worried that the vietnamese govt can simply reject the farm in and take ppp 15% share. I do not belive this is the case does anyone have a better idea ?

    - The next question if yes to the above question would have to be why did ppp enter into this agreement knowing that the vietnamese govt could simply take there share ?

    i hope all is well behind the scenes but many questions have yet to be answered though from the get go they stated they would only be releasing limited information so we cannot read much into the lack of information being released.
 
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