PPP 0.00% 3.7¢ pan pacific petroleum nl

maitland, page-2

  1. 534 Posts.
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    With much further appraisal/testing still to be done on Maitland, TAP have made it clear they don't expect any production from Maitland before late 2010 (almost 2.5-3 years away).

    I can't see any significant rerating of PPP until we see some capital management or some value accretive options in the interim (farmin, JV, Tui extension, acquisition, additional permits, etc.). Or perhaps a further significant jump in oil prices.

    Market is already well aware of what Tui currently offers, including the previous reserves upgrades.

    Any thoughts?
 
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