re: Ann: Sale of Papua Petroleum Limited Inve... In addition, Seram is a much larger project than most people imagine, the larger partners are not to interested in production atm, the potential size of seram is what they are more interested in and how best to extract oil & gas. $10 mil for 2.5% may be fair value atm, but once the fields are establish and true production commences Seram will be worth billions. IMO.
Regards
ps hopefully we don't sell this one.
Ann: Sale of Papua Petroleum Limited Investment , page-5
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