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Last A$0.04 AUD
Change Today 0.00 / 0.00%
Volume 154.0K
PPP On Other Exchanges
Symbol
Exchange
Berlin
OTC US
As of 2:11 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

pan pacific petroleum nl (PPP) Snapshot

Open
A$0.04
Previous Close
A$0.04
Day High
A$0.04
Day Low
A$0.04
52 Week High
08/29/14 - A$0.07
52 Week Low
11/28/14 - A$0.03
Market Cap
21.8M
Average Volume 10 Days
186.8K
EPS TTM
A$-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 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.

Pan Pacific Drops Plans To Sell Stakes In Tui Oil And CRD Projects

Pan Pacific Petroleum NL (ASX:PPP) referred May 29, 2015 to its Supplementary Target Statement issued May 20, 2015 indicating that it will seek offers for the purchase of its assets including: The Tui oil project in New Zealand (Tui); and The Ca Rong Do (CRD) development project in Vietnam (CRD), that are within or greater than the respective asset value ranges that were provided in Independent Expert Report Valuations. Pan Pacific received notice from Zeta Energy Pte. Ltd. (Zeta) May 28, 2015 that its relevant interest in the shares of Pan Pacific following the close of the takeover stood at 46.452%. Zeta have on May 28, 2015 also provided Pan Pacific with a letter stating that “On the information presently available to it, Zeta does not support the (majority) decision of PPP’s board, passed on 20 May 2015, to seek offers for the purchase of all of PPP’s assets. In the absence of Zeta becoming aware of further facts which lead it to a change its view, Zeta would most likely vote against any resolution to approve the sale of the PPP’s assets or any material part of those assets”. As a consequence it is impractical to undertake the asset sale process as had been intended, and hence this will not be actively pursued by Pan Pacific.

Pan Pacific Petroleum Announces Executive Changes

The Board of Pan Pacific Petroleum announced that it has appointed Mr. Allan Tattersfield as the Chairman of the company in place of Mr. Peter Sullivan. Mr. Sullivan remains as a Director of the company.

 

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Industry Analysis

PPP

Industry Average

Valuation PPP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 0.4x
Price/Cash Flow 2.9x
TEV/Sales NM Not Meaningful
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