ShareJunction - Member Posts

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Pump and dump again ?

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How far can it go ? $0.125 or higher ?

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It depends on which angle you look at it. It may mean a difference of 40%.

edwinjup ( Date: 02-Jul-2017 15:46) Posted:

Wait for 2q result....out next month....no rush

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I think from last Rights issues, Keppel owns more than 60%. Although they have waiver not to have to make a general offer, it is now less than half as 'expensive' for them to take KrisEnergy private. Afterall, KrisEnergy can be profitable at current price level.

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Unless one is insider, never say never.

alexchew ( Date: 27-Jun-2017 10:13) Posted:

there wont be any privatisation. stop speculating.

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Bet on this counter for privatization once they secure the agreement to start working on oil production for Cambodia Block A. Keppel will not show their hand while negotiating with the Cambodian government.

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May find a base around current level.

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Wonder if it will hit its 52 weeks low of $0.086.

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Will KrisEnergy make it ?

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Falling like something bad brewing ?

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The Cambodia deal can never be closed.

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The new COO is also President of KrisEnergy Cambodia. Why no update to the oil extraction of Block A and he got promoted ????

Lucky03 ( Date: 14-Mar-2017 21:54) Posted:

KrisEnergy appoints COO and announces management and Board changes

Singapore, 14 March 2017 ? KrisEnergy Ltd. (?KrisEnergy? or the ?Company? or the ?Group?), an independent upstream oil and gas company, announces changes to management and the Board of Directors following the recent financial restructuring.
Kelvin Tang, currently VP Legal and President Cambodia, has been appointed Chief Operating Officer, effective 15 March 2017. Mr. Tang will remain as President of KrisEnergy?s Cambodia operations. Sally Ting, currently Deputy General Counsel, will succeed Mr. Tang and become General Counsel for the KrisEnergy Group. Chrystle Kuek, Senior Legal Counsel, will take over the role of Joint Company Secretary (together with Jennifer Lee from Intertrust Group), effective 15 March 2017.
The Company also announces that Executive Directors, Richard Lorentz and Chris Gibson-Robinson, will step down from the Board of Directors, effective 24 April 2017. Mr. Lorentz, Director of Business Development, and Mr. Gibson-Robinson, Director Exploration & Production, will remain in their executive roles until 30 June 2017, and thereafter will become advisors to the Chief Executive Officer.
Jeffrey S. MacDonald, Interim Chief Executive Officer, commented: ?Following the financial restructuring, we are making some organisational changes in order to execute our new business plan. Kelvin has been with KrisEnergy since its start up and has been very involved in the Company?s restructuring and setting the new strategy. Sally joined KrisEnergy in 2015 and has worked closely with management in the legal role and in implementing company strategy. I look forward to continuing to work closely with them both.?
Tan Ek Kia, KrisEnergy?s Independent Non-executive Chairman, said: ?Richard and Chris were founding directors of KrisEnergy. They have been instrumental in building a very strong portfolio of assets in Southeast Asia. They have also created a very talented team of people to execute the vision of the Company. I would like to thank them for everything they have done for the Company and wish them well in their future endeavours.?
Mr. Tang joined KrisEnergy in 2009 and was responsible for the legal and regulatory functions of the Company and later took on the additional role of President of KrisEnergy?s activities in Cambodia, where the Company is planning the development of the Apsara oil field.
Sally Ting joined KrisEnergy from Salamander Energy (now Ophir Energy), where she was regional Counsel for eight years, responsible for legal and regulatory matters in Southeast Asia. She has over 18 years of private practice and in-house experience with global law firms and companies.

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KrisEnergy appoints COO and announces management and Board changes

Singapore, 14 March 2017 ? KrisEnergy Ltd. (?KrisEnergy? or the ?Company? or the ?Group?), an independent upstream oil and gas company, announces changes to management and the Board of Directors following the recent financial restructuring.
Kelvin Tang, currently VP Legal and President Cambodia, has been appointed Chief Operating Officer, effective 15 March 2017. Mr. Tang will remain as President of KrisEnergy?s Cambodia operations. Sally Ting, currently Deputy General Counsel, will succeed Mr. Tang and become General Counsel for the KrisEnergy Group. Chrystle Kuek, Senior Legal Counsel, will take over the role of Joint Company Secretary (together with Jennifer Lee from Intertrust Group), effective 15 March 2017.
The Company also announces that Executive Directors, Richard Lorentz and Chris Gibson-Robinson, will step down from the Board of Directors, effective 24 April 2017. Mr. Lorentz, Director of Business Development, and Mr. Gibson-Robinson, Director Exploration & Production, will remain in their executive roles until 30 June 2017, and thereafter will become advisors to the Chief Executive Officer.
Jeffrey S. MacDonald, Interim Chief Executive Officer, commented: ?Following the financial restructuring, we are making some organisational changes in order to execute our new business plan. Kelvin has been with KrisEnergy since its start up and has been very involved in the Company?s restructuring and setting the new strategy. Sally joined KrisEnergy in 2015 and has worked closely with management in the legal role and in implementing company strategy. I look forward to continuing to work closely with them both.?
Tan Ek Kia, KrisEnergy?s Independent Non-executive Chairman, said: ?Richard and Chris were founding directors of KrisEnergy. They have been instrumental in building a very strong portfolio of assets in Southeast Asia. They have also created a very talented team of people to execute the vision of the Company. I would like to thank them for everything they have done for the Company and wish them well in their future endeavours.?
Mr. Tang joined KrisEnergy in 2009 and was responsible for the legal and regulatory functions of the Company and later took on the additional role of President of KrisEnergy?s activities in Cambodia, where the Company is planning the development of the Apsara oil field.
Sally Ting joined KrisEnergy from Salamander Energy (now Ophir Energy), where she was regional Counsel for eight years, responsible for legal and regulatory matters in Southeast Asia. She has over 18 years of private practice and in-house experience with global law firms and companies.

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It will be good if KrisEnergy has the foresight to lock in the US$50+ rate for oil sales.

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See it turns black and won't be surprised if it tuned green.

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Even if KrisEnergy panic and rush to hedge at US$50 for future sales and risk losing potential of US$60, it it already significantly higher than the last quarter of last year when they sold at US$39.

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Don't fall into trap to sell when it is time to collect instead.

Lucky03 ( Date: 09-Mar-2017 08:50) Posted:

Don't need to panic.

alishan ( Date: 09-Mar-2017 08:32) Posted:

O la la. Oil goes down to US$50.

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Don't need to panic.

alishan ( Date: 09-Mar-2017 08:32) Posted:

O la la. Oil goes down to US$50.

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KrisEnergy sold their oil at ave US$30 last year hitting high of US$39 sold in last quarter. So, they should be able to sell above US$40 for this FY and hence even at current price of US$50, it should remain positive. Wish they can release more operational updates.

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Up more than 1%.

johnncheng81 ( Date: 07-Mar-2017 21:18) Posted:

Well said bro...annnnnnmd oil is spiking :)

zeusleo ( Date: 07-Mar-2017 21:13) Posted:

Maybe u want to get it to details of the debt? 600million. 330million was deferred to 2022 after the CSE. Another 130million zero coupon owns by keppel corp. Keppel corp owns close to 1 billion warrants that make them pump in 110million if exercised. The company manage to turnard with higher profit however the losses was recorded due to impairment deliberately or really written off just like ezion. If impairment is bad for kris then I guess the 3 banks that have impairment losses is dead too.