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Pan Pacific provides update on Vietnam block 07/03


Published Nov 23, 2009
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Pan Pacific Petroleum

PetroVietnam has authorized PetroVietnam Exploration Production Corporation Ltd to exercise its pre-emptive right and to acquire a 10% participating interest out of the 15% assignment proposed in the Premier Oil Vietnam South B.V farmout of Block 07/03 to Pan Pacific Petroleum (Vietnam) Pty Ltd (PPPV), a subsidiary of the Company.

Assignment of the remaining 5% to PPPV will be progressed, but remains subject to formal PetroVietnam and Vietnamese Government approval.

Tags: Pan Pacific Petroleum



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