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Siwomp Supreme	28-Feb-2017 15:46        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Within the G10/48 Block 4,700 square km,  near the wassana oil field, we have the Niramai and Mayura oil fields..... Siwomp      ( Date: 28-Feb-2017 15:40) Posted: At 7500bopd, at US$43, cost at US$25, Production will be 2.738million bbl per year, Revenue US$117.71million, Profit EBITAX US$49.28millions..... All these for Wassana, G10/48 alone. sheerluck      ( Date: 28-Feb-2017 15:31) Posted: 12,800bpd is peak rate but the average for FY2016 is about 7,500bpd.   But they has issues with some wells as stated in their report and the staed reate is now 5,500bpd.   Based on these, what do you think their EBITAX should be?
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Siwomp Supreme	28-Feb-2017 15:40        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	At 7500bopd, at US$43, cost at US$25, Production will be 2.738million bbl per year, Revenue US$117.71million, Profit EBITAX US$49.28millions..... All these for Wassana, G10/48 alone. sheerluck      ( Date: 28-Feb-2017 15:31) Posted: 12,800bpd is peak rate but the average for FY2016 is about 7,500bpd.   But they has issues with some wells as stated in their report and the staed reate is now 5,500bpd.   Based on these, what do you think their EBITAX should be? Siwomp      ( Date: 28-Feb-2017 13:52) Posted: Correction, Profit of about US$84 millions EBITDAX.
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Lucky03 Elite	28-Feb-2017 15:38        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only 4 scenario may propel KrisEnergy - 1. They hit a major oil discovery. 2. They announced that they managed to lock in higher price per barrel. 3. Oil price surge by more than 5% 4. Keppel decides to take it private.
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sheerluck Supreme	28-Feb-2017 15:31        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	12,800bpd is peak rate but the average for FY2016 is about 7,500bpd.   But they has issues with some wells as stated in their report and the staed reate is now 5,500bpd.   Based on these, what do you think their EBITAX should be? Siwomp      ( Date: 28-Feb-2017 13:52) Posted: Correction, Profit of about US$84 millions EBITDAX. Siwomp      ( Date: 28-Feb-2017 13:50) Posted: Considering only Wassana, G10/48, Production peak rate at 12,800 bopd.  That is 4.67millions barrel of oil for FY 2017.  Assuming they manage to sell at US$43 versus current crude price of ~US$54, that translate to ~US$200 million revenue for FY17.  Assuming cost of lifting at US$25 (vs the lift cost of US$13.9boe).  That' s a profit of US$100millions EBITDAX.
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Siwomp Supreme	28-Feb-2017 14:45        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	" An impairment charge of US$121.0 million was recognised related to the Company&rsquo s working interest share in G10/48 and G11/48 concessions in the Gulf of Thailand, where the Wassana and Nong Yao oil fields, respectively, commenced production in 2015. The impairments resulted from lower forecasts for oil prices as well as a reduction in estimates for proved plus probable (" 2P" ) reserves stemming from production performance issues in the Wassana field."   A prudent move, but  these are number games......  for all we know, there might be a  " increase in 2P"   estimates in the future........    " In line with the Group&rsquo s financial and operational restructuring strategy, the Board agreed to relinquishment the East Muriah production sharing contract (" PSC" ) and the Kutai PSC, both in Indonesia, and Block 105-110/04 (" Block 105" ) offshore Vietnam, which led to a US$77.9 million write off. The relinquishments of all three concessions are pending government approval." ..........This  is a  clear write off. what if the governement do not approve?.....write back US$77.9 millions  into Kris balance sheet for FY2017?  Any Accountant want to share their view?
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HB8289 Master	28-Feb-2017 13:53        HB8289 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	look like the subaru car challenge game Instead of placing their palms on the car . Itis placing their money on the counter     The longest-standing investor   will be declared the winner.
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Siwomp Supreme	28-Feb-2017 13:52        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Correction, Profit of about US$84 millions EBITDAX. Siwomp      ( Date: 28-Feb-2017 13:50) Posted: Considering only Wassana, G10/48, Production peak rate at 12,800 bopd.  That is 4.67millions barrel of oil for FY 2017.  Assuming they manage to sell at US$43 versus current crude price of ~US$54, that translate to ~US$200 million revenue for FY17.  Assuming cost of lifting at US$25 (vs the lift cost of US$13.9boe).  That' s a profit of US$100millions EBITDAX.
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Siwomp Supreme	28-Feb-2017 13:50        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Considering only Wassana, G10/48, Production peak rate at 12,800 bopd.  That is 4.67millions barrel of oil for FY 2017.  Assuming they manage to sell at US$43 versus current crude price of ~US$54, that translate to ~US$200 million revenue for FY17.  Assuming cost of lifting at US$25 (vs the lift cost of US$13.9boe).  That' s a profit of US$100millions EBITDAX.
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sheerluck Supreme	28-Feb-2017 12:03        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Didn' t get from the mgmt commentary that any new wells coming online soon.   Anyway, the CAPEX is the known viable now.   So only things left are #boe and selling price which will only be known from Q1.   Another three month waits.   In the meantime, KRIS just swing with oil sentimental and their own announecments. Siwomp      ( Date: 27-Feb-2017 14:03) Posted: With CAPEX of US$120mil.... there is bound to be new wells, most likely within the Gulf of Thailand where they are producing now. sheerluck      ( Date: 27-Feb-2017 13:48) Posted: Good questions.   Unless there are new fields coming into production, then I assumed similar level to last reported quarter. Also they had a one-year forward contract to sell oil which shohuld expired soon.   Hope they can starting sell at market rate rather than that 20%-30% lower like last year.   I think oil price probably stablised ard US$55 for 2017 until some major events take place.
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Jeromelow Senior	28-Feb-2017 11:15        Jeromelow About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think will rise after the weak flushing ?
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HB8289 Master	28-Feb-2017 11:13        HB8289 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Look like those playing contra is cannot hold letting go already
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Jeromelow Senior	28-Feb-2017 11:08        Jeromelow About Contact  Quote this Post!
x 0   x 0  Alert Admin	just not our day :(
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HB8289 Master	28-Feb-2017 11:06        HB8289 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	When Keppel goes up they also down down and down ......Hahaha Jeromelow      ( Date: 28-Feb-2017 11:00) Posted: no choice leh keppel also drop
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Jeromelow Senior	28-Feb-2017 11:00        Jeromelow About Contact  Quote this Post!
x 0   x 0  Alert Admin	no choice leh keppel also drop
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HB8289 Master	28-Feb-2017 10:57        HB8289 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Ya the price come down already Jeromelow      ( Date: 27-Feb-2017 22:23) Posted: anyone spotted something special today? share tgt?
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Jeromelow Senior	27-Feb-2017 22:23        Jeromelow About Contact  Quote this Post!
x 0   x 0  Alert Admin	anyone spotted something special today? share tgt?
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Alvin2042 Master	27-Feb-2017 22:14        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Loyz is a small peanut v Kris. johnncheng81      ( Date: 27-Feb-2017 22:03) Posted: If oil maintains above 50 for rest of 2017, kris shld be much more profitable. And theres always a remote chance of a buy up by kep corp if that happens... Lucky03      ( Date: 27-Feb-2017 19:24) Posted: Loyz Energy Limited is an independent exploration and production energy company with its focus in the Asia-Pacific region. KrisEnergy Ltd. is an independent upstream oil and gas company focused on the appraisal, development and production of oil and gas in Asia. Sound similar to me.
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johnncheng81 Veteran	27-Feb-2017 22:03        johnncheng81 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If oil maintains above 50 for rest of 2017, kris shld be much more profitable. And theres always a remote chance of a buy up by kep corp if that happens... Lucky03      ( Date: 27-Feb-2017 19:24) Posted: Loyz Energy Limited is an independent exploration and production energy company with its focus in the Asia-Pacific region. KrisEnergy Ltd. is an independent upstream oil and gas company focused on the appraisal, development and production of oil and gas in Asia. Sound similar to me. Jeromelow      ( Date: 27-Feb-2017 18:47) Posted: what does kris energy same to loyz energy? hahahaha
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Lucky03 Elite	27-Feb-2017 19:24        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Loyz Energy Limited is an independent exploration and production energy company with its focus in the Asia-Pacific region. KrisEnergy Ltd. is an independent upstream oil and gas company focused on the appraisal, development and production of oil and gas in Asia. Sound similar to me. Jeromelow      ( Date: 27-Feb-2017 18:47) Posted: what does kris energy same to loyz energy? hahahaha
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Siwomp Supreme	27-Feb-2017 19:11        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe the new oil well holds more and better quality oil than previously reported?...... Lucky03      ( Date: 27-Feb-2017 18:43) Posted: How will Loyz announcement of placement of shares to pare down debt and hence gearing and improve its financial position ? The unusually part of the placement is that it will be done at 0.26 near current trader price of 0.27. Usually placement are made at hefty discount to current traded price to make it attractive.
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