Pan Pacific Petroleum Nl (PPP)

[Odd Fellow]

not in mine either hence why i was asking though im guessing it takes longer to get into our nz bank accounts

Boysy, the divi is now in NZ bankaccounts.

Time to have a glas wine.

[Nitaa]

There is another consideration, altogether separate from getting approval to the farm-in and that is that the Vietnamese govt has an overriding option to 15% of the project.
As I understand things, the govt would only be expected to exercise its prerogative if/when the field is proven. In that event each partner's share effectively reduces by 15%, in PPP's case to 12.75%.
I think that's where the 15%/12.75% confusion has arisen.

As per my previous post, any option by the government wout come off the 45% owned by the operator. That would reduce to 30% thereby all other parties would still be unaffected. I say this as i sought clarification with the CEO of PPP on this matter.

I do suggest that if you are not convinced or have some ligering doubt then call Tom Prudence yourself.

In reference to my posts they are what i was firmly lead to believe but to avoid further doubt i suggest you DYOR.

Regards, Nita

[boysy]

my divi is still not in my nz bank account anyone else having a similar problem

[newbietrader]

It's in my NZ ASB account today 27 June. However the transaction date is 26 June.

[Paint it Black]

Yes it's in my TSB account as well for PPP NZX- hopefully the PPP ASX dividend is in the post.

[Sehnsucht888]

My aussie div is in there, but not my NZ kiwi bank one...

[Sehnsucht888]

Ok, I have the money now. Just not in the account on the form that I sent back to them... Went into the acccount that DIVs for other companies sometimes go into..

[Nitaa]

nice dividend isnt it?

[boysy]

looks as though strong buying presure is mounting on the asx will be interesting what the sp will open at it looks like it will be up too around 0.47

[boysy]

Plenty more upside with this one . Looks as though the market did not like the announcement out yesterday even though it was expected. Things we can possibly look foward to

-vietnamese government approval
-More prospects within block 07/03
-3D surveying of block 07/03 helps map potential
-A potential upgrade of TUI reserves
-Exploration success around TUI

i also wouldnt be supprised if PPP go after further exploration opportunities i wonder if ppp can ride on the coat tails of premier oil it has done them well in taranaki.