Pan Pacific Petroleum Nl (PPP)

[kittydashwood]

.0225 cps

(disclaimer calculated @ 45$pb and .71USD-NZD)

[Snow Leopard]

Yeah right!

-0.037cps

(disclaimer calculated @shoe size 8 and two bottles of Macs Gold)

Anybody else want to make some numbers up[?]

[Snow Leopard]

PS perhaps that should be two bottles of Tui.

[kittydashwood]

I was hoping Mister W would step in with some kind of model.

Beer goggles or not

130k daily from oil by my guesstimation, the company would be looking at profit after 120 days of operating at full capacity.

Even when the start up costs undoubtly swell to at least 15 million.

Best way to spend all that cash..... Drill Hector!

[Snow Leopard]

No offence, but I think your figures are very crude and way off (I am assuming you actually mean 22.5cps).

I had put the pre-tax profit earnings contribution of Tui over its entire lifetime to PPP at 29.5cps. (With lots of assumptions including
25mboe @ US$40 a pop and US/NZ 0.735).

Obviously you can move that higher or lower.
Also there is more to PPP than Tui, but at the moment that does not add to the bottomline.

[kittydashwood]

None taken I meant two and a quarter cents per share.

[kittydashwood]

MINE: PPP: PPP-APPLICATION LODGED FOR TUI OIL PRODUCTION PERMIT

STOCK EXCHANGE ANNOUNCEMENT

10 June 2005

APPLICATION LODGED FOR TUI OIL PRODUCTION PERMIT

Pan Pacific Petroleum NL advises that an application has been made to the NZ
Ministry of Economic Development for a petroleum mining permit to develop the
Tui Oil Area within exploration permit PEP38460.

Pan Pacific holds a 10% interest in the venture through wholly owned
subsidiary, WM Petroleum Limited.

The partners have also contracted with Diamond Drilling Co. to use the
semi-submersible rig Ocean Patriot to drill the four Tui production wells
next year. This action has been taken ahead of the final investment
decision, scheduled for August, in light of the tight market for available
rigs.

The venture has also secured an option to use the Ocean Patriot to drill
three more wells. It is likely that at least two wells will be drilled into
Kapuni F Sand structures which are close to the Tui development.

Contractor proposals for a floating storage production and offloading
("FPSO") facility for the Tui fields will be evaluated by the venture
operator next month. Engineering work is on schedule and capital costs are
being refined to a tolerance of 15% - while costs have yet to be finalised,
they are expected to be greater than the US$120-150m previously estimated.

Initial rates of oil production from the Tui fields are expected to be
30,000+ barrels per day, which should result in rapid payback of the
investment.

Kim Ware
Company Secretary

[donner]

That black and white house cat must be a bit scolded. Seems to have vacated the vat. Thank goodness. Good riddance to bad rubbish. It was never a house cat anyway. Just a feral flea bitten stray.

[kittydashwood]

Hey Kebabface

My brave feline did indeed meet with a terrible accident so how about a little bit of sensitivity because she was a blue ribbon champion.

Unfortunately the Chilean quarantine proceedures are medieveal.

[donner]

Ask an Iraqi for your sensitvity. They might give a damn about you and what you think. I don't.

Anyhow, next time I see that filth ridden piece of skank, it will be with glee that I club it as if it were a seal.[8D]

As for PPP maybe we will see some direction out of Oz today on it. Its certainly been hibernating for long enough. Should be some uwards pressure as the 3Q05 decision on Tui comes to pass.