PPP is actively seeking growth opportunities
•Acquisition of pre or early development oil reserves to provide short term production and replacement of the declining Tui Area Fields
•Development of a balanced exploration portfolio in proven basins, with a priority on low-medium, rather than high risk prospects
The focus area is Australia-New Zealand and the South East Asia region, leveraging existing knowledge and relationships.
Other quality opportunities will also be considered
We have a preference for oil projects to retain exposure to the oil
The recent fall in oil prices and a tight credit market will provided attractive opportunities for PPP which has a strong cash position and can act quickly
•We are regularly offered opportunities, but are maintaining a disciplined approach to project quality and acceptable risk.
•A range of options are currently under consideration