The yahoo data feed seems to be dodgy but it looks like from the divergences that there has been a slow accumulation for the last few months.
http://i458.photobucket.com/albums/q...PP23112011.png
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The yahoo data feed seems to be dodgy but it looks like from the divergences that there has been a slow accumulation for the last few months.
http://i458.photobucket.com/albums/q...PP23112011.png
Looks at the most recent presentaion from premier they are very bullish on the CRD (Oligocene) play mutiple mentions in the below attached link
http://www.premier-oil.com/Asp/uploa...Part_2-WEB.pdf
Particular mention near the end of the presentation seems as though what the machine says may be materialising if things pan out as per operators bullish view.
Looks like the big targets in premiers sights are in 07/03 the above portion of the presentation suggests things are progressing very nicely indeed.
http://www.premier-oil.com/Asp/uploa...Part_2-WEB.pdf
Im not up to scratch with the details. could you translate?
It looks as though premier are very excited by 07/03 from the presentation listed above it seems the find is bigger than previously stated and it looks as though they are looking at development options as opposed to further appraisal
http://www.premier-oil.com/Asp/uploa...Part_2-WEB.pdf
The entire presentation is discussing the opportunities available in asia with particular mention on 07/03 from page 15 onwards well worth a look as it appears the current largest targets in the Nam Con Son basin are in 07/03 being Silver sillago and blue marlin.
Rather sad PPP cannot be a bit more positive about Vietnam if the operator is bullish on this block.
07/03 is looking really good to me
one has to be very mindful that premier have spent over 2 months enhanced evaluation on this after the meeting in sept that decided to move project forward and spend money on the enhanced evaluation
M
And one must remember they have quite a bit of 3d already shot over the block to make further decision to drill in the area. It seems premier are excited about the Oligocene plays in the basin which have been overlooked to date this helps suggest why after the appraisal premier are much more confident now about moving to the development stages. Its still rather disappointing to see PPP still well below cash backing but in this environment and holding so many $USD the company can be seen as somewhat of a safe haven with plenty of upside if things do improve.
38 mmboe for premier equates to 6.33 mmboe to PPP something to think about for a company with a negative EV
Achum............excuse me sir....when did you say you were making the 5c payout.......RELEASE THE HOUNDS!! Ahhhhhh.....
Skid you think you have it tough. Some of my friends and family seem to be blaming me for the delay as if i had somehow something to do with it. All i did was pass on the message released last OCT that a 5 cent AUS capital return was announced.
The answer to your question is that PPP never did say when this money was to be released. The special meeting to OK it has neither happened or a date announced when it is to be considered.
Maybe next oct at the AGM.Probably just giving a years notice so that everyone can get used to the idea. AMEN