- PPP will be debt free by end Oct / Nov 07 should the management wish to pay off its $25.11 mio secured bank loan from Tui's generated cash flow.
- Maitland initial flow test result has been positive, just need further confirmation, ann due any time now.
- PPP in my opinion will be one of oil producers with lowest PE ratio.
- current SP 0.25 , IMO which is the valuation from Tui alone, market has not taken into account Maitland and possibility of further resource upgrade from Tui.
- PPP will sail through the bad weather with its very strong fundamentals.
- dyor.
PPP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held