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Last A$0.05 AUD
Change Today 0.00 / 0.00%
Volume 205.5K
PPP On Other Exchanges
Symbol
Exchange
Berlin
OTC US
As of 10:46 PM 04/16/15 All times are local (Market data is delayed by at least 15 minutes).

pan pacific petroleum nl (PPP) Snapshot

Open
A$0.05
Previous Close
A$0.05
Day High
A$0.05
Day Low
A$0.05
52 Week High
05/5/14 - A$0.11
52 Week Low
11/28/14 - A$0.03
Market Cap
30.0M
Average Volume 10 Days
301.7K
EPS TTM
A$-0.06
Shares Outstanding
588.6M
EX-Date
10/18/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PAN PACIFIC PETROLEUM NL (PPP)

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pan pacific petroleum nl (PPP) Details

Pan Pacific Petroleum NL is engaged in the exploration, production, and sale of oil and gas. 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 Executive Officer
Total Annual Compensation: A$457.6K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$257.9K
General Counsel
Total Annual Compensation: A$222.2K
Geophysical Advisor
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

pan pacific petroleum nl (PPP) Key Developments

Pan Pacific Petroleum NL Provides Update on Pateke-4H Well at Tui Area Oil Fields

Pan Pacific Petroleum NL announced that AWE Limited, the operator of PMP 38158, has advised that the subsea tie-back and installation project to connect the Pateke-4H development well to the Tui Area Oil Fields gathering system has been successfully completed and that oil production has commenced. The Pateke-4H well has been brought onto production and flow testing is under way to determine the optimal well settings. The well recorded an initial unstabilised flow rate of 34,000 barrels of oil per day (bopd) at 67% choke with a 48% water cut, which is in line with field modelling. Looking ahead, it is planned to test various facility parameters, including choke settings, before establishing a much lower stabilised flow rate for long-term production. It is forecast that oil production from the well will then decline relative to the increasing water cut in the well. The Pateke-4H subsea tie-back and installation project commenced on March 5, 2015. The project involved the installation of 1,312 metres of flexible flow line, a gas lift umbilical and production manifold, integrated controls and ancillary equipment in water depths of about 124 metres. All infrastructure was successfully tested and commissioned prior to starting production and the tie-back and installation was completed with no safety or environmental incidents.

Pan Pacific Petroleum NL Reports Consolidated Earnings Results for the Half Year Ended December 31, 2014

Pan Pacific Petroleum NL reported consolidated earnings results for the half year ended December 31, 2014. For the period, the company reported sales revenues were AUD 11,578,000 against AUD 8,271,000 a year ago. Loss from operating activities was AUD 23,254,000 against AUD 12,077,000 a year ago. Loss before tax was AUD 11,578,000 against AUD 8,271,000 a year ago. Loss for the period was AUD 19,755,000 or 3.36 cents basic and diluted per share against AUD 12,047,000 or 2.05 cents basic and diluted per share a year ago. Net cash used in operating activities was AUD 25,782,000 against AUD 13,406,000 a year ago.

Pan Pacific Petroleum NL Announces Retirement of Mike Daniel from the Board

Mr. Mike Daniel, who retired by rotation at AGM in accordance with Rules 9.1(e)(2)(A) and 9.1(e)(2)(B) of Pan Pacific Petroleum NL's Constitution, did not stand for re-election and as a result has ceased being a director.

 

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Industry Analysis

PPP

Industry Average

Valuation PPP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 0.6x
Price/Cash Flow 4.3x
TEV/Sales 0.3x
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