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Last A$0.03 AUD
Change Today 0.00 / 0.00%
Volume 0.0
PPP On Other Exchanges
As of 8:23 PM 08/24/15 All times are local (Market data is delayed by at least 15 minutes).

pan pacific petroleum nl (PPP) Snapshot

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08/29/14 - A$0.07
52 Week Low
08/13/15 - A$0.03
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pan pacific petroleum nl (PPP) Details

Pan Pacific Petroleum NL engages in the exploration, production, and sale of petroleum products. The company has non-operated interests in New Zealand, Australia, and Vietnam, as well as in Timor Leste-Australia Joint Petroleum Development Area. Its principal asset consists of a 15% interest in the Tui Area oil project located in the offshore Taranaki Basin, New Zealand. The company is based in North Sydney, Australia.

pan pacific petroleum nl (PPP) Top Compensated Officers

Chief Financial Officer and Company Secretary
Total Annual Compensation: A$258.0K
General Counsel
Total Annual Compensation: A$82.0K
Geophysical Advisor
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

pan pacific petroleum nl (PPP) Key Developments

Pan Pacific Petroleum NL Announces Executive Changes

Pan Pacific Petroleum NL's the Board announced that its Chief Executive Officer, Mr. Tom Prudence, will leave Pan Pacific Petroleum NL on August 25, 2015. The company's current commitments no longer justify a full time CEO and Mr. Grant Worner, a Director of the company, will take on the part-time role of representing the company in all Joint Venture matters.

Pan Pacific Petroleum NL Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2015

Pan Pacific Petroleum NL reported audited consolidated earnings results for the year ended June 30, 2015. For the year, the company reported revenue of AUD 21,753,000 against AUD 15,508,000 a year ago. Loss from operating activities was AUD 25,539,000 against AUD 32,055,000 a year ago. Loss before income tax was AUD 27,347,000 against AUD 30,677,000 a year ago. Loss was AUD 23,597,000 or 4.00 cents per basic and diluted share against AUD 29,466,000 or 5.01 cents per basic and diluted share a year ago. Net cash flows used in operating activities was AUD 22,539,000 against AUD 9,195,000 a year ago.

Pan Pacific Petroleum NL Announces Board Changes

The board of the Pan Pacific Petroleum NL appointed Mr. Peter Sullivan as Chairman. Mr. Tattersfield remains as a director. The board of the company also appointed Mr. Dugald Morrison. Dugald Morrison, based in Wellington, is the general manager for ICM NZ Limited a subsidiary of ICM Limited, advisor to Zeta Resources Limited. He has extensive investment analysis experience, having worked in stockbroking, investment banking and investment management firms in New Zealand, the United Kingdom, and the United States since 1987. Dugald is a director of a number of companies and a member of the New Zealand Institute of Directors. The company also appointed Mr. Grant Worner. Grant Worner has more than 25 years' experience in the Oil and Gas industry with more than 22 years working for BP in 3 continents and the last 10 years operating at executive level for BP, New Guinea Energy, and his own specialist management consultancy firm. Grant has led teams and businesses in exploration, trading, refining, and marketing in Europe, the US, Papua New Guinea, New Zealand and Australia.


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