PPP 0.00% 3.7¢ pan pacific petroleum nl

tui stocks

  1. 3,800 Posts.
    The oil stocks that provide entry into the Tui well next year have been strong. PPP and NZO some movement up today.

    The other stakeholder AWE has many other prospects on the go and perhaps recent strength is for other reasons.

    The smaller plays in NZO and PPP should attract plenty of attention over the next couple of months. Its not often a billion barrel oil target in good territory comes along.

    PPP with 15% stake looks the best entry for leverage however the consequences of a 4 to 6 well program in the Carnarvon basin before the drilling of Tui have to be suffered - for the better or worse. The carnarvon program is in a pretty good neighbourhood and may set PPP alight even if only 1 of the wells comes in.

    NZO with 25% stake is very thinly traded but has a shareholder purchase plan happening which may provide with a low cost entry.

    The upside of success at Tui for both stocks is huge. They will go well, particularly in the Jan/Feb period, and a 20 to 30% price increase between now and spud is not out of the question for both stocks.

    The time to get set is now, not later when everyone is talking about it.


    I hold both
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