SPP southern pacific petroleum nl

spp, page-2

  1. 9,119 Posts.
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    SPP secures Naptha sales with Caltex A win for SPP and loss for Greenpeace, who tried to block the domestic oil companies from buying the low sulfur Naptha. This is a MAJOR milestone, as without the sale of the Naptha they cannot capitalise on the excise tax incentives and would be forced to sell offshore, which defeats the purpose of producing oil in Australia for Australians.
    With 20 billion barrels in the ground and continuous improvements in emmissions and recoveries(now operating well below specified pollution limits), there may be a good chance of Stage II becoming reality.
    There is still the argument that high levels of CO2 are produced just extracting the oil, SPP are looking to gain greenhouse credits with tree plantations and eventual ethanol production.

    CHart shows major break out, dont forget this one traded as high as 5 bucks!

 
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Currently unlisted public company.

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