up 1 cent, 10% in oz today
Printable View
up 1 cent, 10% in oz today
Yes slowlerna seems a bit more interest in Aussie however an Ann could be out any time. Similar trading to 09 when ppp didn't move until oil and gas was found. Any day now
On to the next well good to see the market didn't over react noting still trading well under cash backing
Interesting no note the new partner tailsman has more financial muscle than premier and really does seem to be talking up the red emperor discovery . $95m payment for 55% of block 07/03 certainly adds a few cents a share to ppp. Looks as though we should get a report out this week regarding commencement of drilling in block 07/03
http://talismanenergy.mwnewsroom.com...0d550b0834.pdf
Good quote, still PPP only has 5% which will be something if the discovery is commercial.
be good if silver silago is positive. That will be the next drill after the CRD appraisal well.
will be very interested in OI if only because of the 50% interest.
Ppp are better positioned than most as they truly cashed up just waiting for the right opportunity.
Cap
Some interest here today??
12 cents is a steal in my books will take a gusher for mr market to wake up and remove discount to cash backing let alone a positive EV
Market seems to have responded positively, any ideas what these operational challenges could be???Quote:
Vietnam Block 121Drilling Update
Origin Energy (Song Hong) Pte
Limited (“Origin”), the Operator of the Block 121
Production Sharing Contract, offshore Vietnam, has reported that abandonment of the 121-CV-1X exploration well drilled using the “Ocean General” drilling rig is still on going.
This has taken longer than planned due to operational challenges, and a further update will be provided when the abandonment has been completed.
On release the rig will next move to Vietnam Block 07/03 to drill the CRD-3X appraisal well.
Looks like strength is coming via a new initial substantial holder notice note 2 directors in PPP are behind the companies in question.