Sign up
Oil Capital

Pan Pacific Petroleum NL secures US$5M from asset sale to Repsol

The company is actively reviewing new oil and gas opportunities.
Pan Pacific is well funded

Pan Pacific Petroleum NL (ASX:PPP) has agreed to sell its 5% interest in Block 07/03 located in the Nam Con Son Basin in the South China Sea, to Repsol Exploracion S.A for US$5 million.

Following the sale, Pan Pacific will have no debts and circa US$16 million cash and liquid investments of US$3 million.

Register here to be notified of future PPP Company articles
View full PPP profile View Profile
View All

Related Articles

© oil Capital 2018

Oil Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed oil companies to interact with institutional and highly capitalised investors.
Headquartered in London, Oil Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.