Pan Pacific Petroleum

NZOG director Duncan Saville

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

Fri 10 Apr 15

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 12

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 12 2

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

Pan Pacific Petroleum in trading halt

Mon 25 Jan 10

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.

Pan Pacific Petroleum to issue options worth $A2m

Mon 14 Dec 09

NZSX-listed Pan Pacific Petroleum is issuing options of up to $A2 million.

An NZX (PPP) announcement this morning said the Australian company would issue the options at a price of $0.70 up to September 2011.

Oilex Ltd, the company’s Timor Sea operator, last week announced it would plug and abandon the Lore-1 well, after initially targeting prospective oil resources of 195 million barrels.

Pan Pacific Petroleum Timor Sea drilling moves on, no success from first well

Fri 11 Dec 09

NZX-listed Pan Pacific Petroleum’s Timor Sea drilling program is moving on to another prospect after no moveable hydrocarbons were found in its first well.

It was targeting prospective oil resources of 195 million barrels.

The Australian company (NZX:PPP), which is has a 10% equity in the Tui oilfields along with New Zealand Oil & Gas (12.5%), Australian Worldwide Exploration (42.5%) and Mitsui E&P Australia Pty (35%), also has assets in Western Australia.


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