Pan Pacific Petroleum

New Zealand Oil & Gas chief executive Andrew Knight

NZOG sells Pan Pacific stake despite 'unfair' offer

Tue 26 May 2

Takeover offer from Zeta, controlled by NZOG director Duncan Saville, snares NZOG holding.

 

Tim Hunter talks about NZOG on NBR Radio and on demand via MyNBR Radio.

NZOG director Duncan Saville

Zeta Resources makes bid for Pan Pacific Petroleum, valuing target at A$29.4M

Fri 10 Apr

Zeta, which currently owns 16.8 percent of PPP, is offering 5 Australian cents a share for the remaining shares.

Pan Pacific Petroleum plans two Tui wells in 2013

Tue 20 Nov

The company has between three and six wells earmarked over the next 18 months.

Tui partners targeting bypassed Pateke North, PPP says

Wed 29 Aug 2

The well may offer between one million and four million additional barrels of oil.

Pan Pacific Petroleum abandons Timor Sea search

Mon 25 Jan

Pan Pacific Petroleum has shut down its latest search for oil in the Timor Sea, with the abandonment of its second well in the area.

After initially predicting it could bring in almost 200 million barrels of oil from its Timor Sea operation, the Australasian company announced today it will plug and abandon the Lolotoe-1 well in the area, after failing to find any commercial hydrocarbon zones.

Pan Pacific Petroleum in trading halt

Mon 25 Jan

Trading in Pan Pacific Petroleum’s shares has been suspended this morning, with a material announcement expected from the mining company soon.

The NZSX-listed Australasian company last month announced it was issuing options of up to $A2 million at a price of $0.70 each up to September 2011.

Pan Pacific Petroleum is hoping to get 90 million barrels out of its Loltoe prospect, with Oilex – its Timor Sea operator – currently drilling at the site.

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