February 02, 2010
– Comments (3) |
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It sounds really good from what you wrote. It will be interesting to see what happens.
Cato I just added PAP to my holdings as well. Its also a Chinese oil play but its biggest deal is the 60% stake in Oyo oil field in Nigeria which could instantly turn Pacific Asia Petro name into a houshold name in the energy sector, deal is set to close by the end of the 1st qtr.
The oil well is currently producing 20,000/day barrels of oil.
60% stake = 12,000/day barrels for PAP
Look At GU