Pan Pacific Petroleum sees two Tui wells in 2013

Tue, 20 Nov 2012

Nov. 20 (BusinessDesk) - Pan Pacific Petroleum has told shareholders it hopes to see two exploration wells drilled in the fourth quarter of next year in the Tui oil and gas field, where it has a 10 percent interest. The first is an in-fill well in the Pateke North sector of the licence area, which the joint venture led by Australian explorer AWE has given approval to undertake, and has the potential to add between one and four million barrels of oil equivalent from Tui. Among unexplored areas of the licence area, "PPP considers the Oi prospec...

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