PPP pan pacific petroleum nl

As I understand the various posts over the past couple months,...

  1. 1,013 Posts.
    As I understand the various posts over the past couple months, it is likely that the Vietnam Government will approve the 15% buy-in by PPP based on their past record of not making these things to difficult for foreign investors and to attract foreign development funds to their country.

    Should the Government at some point in time decide to use their pre-emptive right to also take 15% of the project this will be made up pro-rata from the various stakeholders ownership ie PPP's share may decrease from 15% down to around 12%.

    If this is in fact the case then I am not sure the market entirely understands this. ie our farm-in in Vietnam should not be at risk, however, at a later date it may reduce slightly should the Vietnamese Government decide to also take up a 15% stake...

    Look forward to comments .

    Good Luck all holders.....
 
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