PES pepper residential securities trust no. 21

looks great., page-3

  1. 4,234 Posts.
    #they are very close, and very probably likely, to prove up considerable 2P reserves from their Cameron tenement.

    #They have recently announced 1250PJ 3P from their with a contigency for an additional 750PJ. I think that speaks for itself.

    #They have solid interest from major players with shell and arrow each holding around 15% (total ~30).

    #Assets close to infrastructure and can be realised quickly.

    #They also have some excellent acreage up in the North, Dingonose and Duckworth that they are exploring ar present and are expecting reserve statments from those in late 2009.

    #After 31 Dec you can probably expect around 130m shares on market due to option conversion. There are quite a few to be converted.
 
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Currently unlisted public company.

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