| Latest Forum Topics / KrisEnergy |
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KrisEnergy
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shadow
Veteran |
26-Oct-2017 10:44
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FR is a substantial holders started selling off in since Aug17 from 37% to about now 30%... Keppel has 40% interest. Is a concern here as   a major shareholder   unloading ( still unloading)  
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TraderBen
Supreme |
26-Oct-2017 10:34
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FIRST RESERVE | ||||
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patrick359
Member |
26-Oct-2017 10:32
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What deos FR stand for ?
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halleluyah
Supreme |
26-Oct-2017 10:26
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5yrs loss making....scary....agak might join ezra..... | ||||
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TraderBen
Supreme |
26-Oct-2017 10:20
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all time low at 0.088 | ||||
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michaeltan
Master |
26-Oct-2017 10:15
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Will accumulate more when price fall below ten cent.  
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sbscap
Master |
26-Oct-2017 10:03
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Below 10c next week | ||||
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michaeltan
Master |
25-Oct-2017 22:17
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The business network and connectivity are pretty strong, furthermore company is licenced to operation dozen of oil fields in various countries. The problem is FR continue selling the shares that affected its share price.
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Tommy12356
Master |
25-Oct-2017 21:36
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Warranty still strong
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zeusleo
Member |
25-Oct-2017 17:52
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Still selling. Below 30% now | ||||
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Msport
Elite |
25-Oct-2017 16:32
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FR stop selling? | ||||
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sbscap
Master |
25-Oct-2017 12:57
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michaeltan, please ask the timing or schedule of FR selling if you can. I was told all the different tranches have the same deadline at the end of 2017 but I could be wrong. I' m bullish on Kris otherwise. | ||||
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michaeltan
Master |
25-Oct-2017 10:57
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I was invited for the meet up session with Keppel CEO next week. I will take this opportunity to raise question for Kris investment. 
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deedee6699
Member |
24-Oct-2017 20:09
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Can buy . Just wait for next qtr next next qtr results 1st.
See how the company cope. Maybe 2019 can buy at 5 cts ? Timing very important. 2017 2018 see how (the company results) 2019 timing better. Those who understand will know the reasons why. |
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laksaman57
Supreme |
24-Oct-2017 18:56
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How much free cash flow they have ?
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ehclim
Elite |
24-Oct-2017 18:43
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According to CFO, Raj, I think it is by 2018 instead of end of 2017.
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sbscap
Master |
24-Oct-2017 18:30
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FR has to sell off its Kris shares by this year. I believe those who buy into the selling will gain handsomely. It will probably sell down to around 10% and place out the remainder. Kris has enough cash resources to develop its oil assets. I'm also discounting the takeover by Keppel. | ||||
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michaeltan
Master |
24-Oct-2017 17:13
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Singapore-listed oil and gas firm KrisEnergy announced on Friday it had made a final investment decision (FID) to proceed with the first phase of development of the Apsara oilfield, the first hydrocarbon development project in the kingdom. KrisEnergy and the government reached an agreement in late August, granting the company the right to develop the Aspara oilfield, which is in an area known as Block A in the Gulf of Thailand. Phase 1A of the project envisages an unmanned, 24-slot wellhead platform producing to a moored barge capable of processing up to 30,000 barrels of fluid per day. Oil will be sent via a 1.5-kilometre pipeline for storage to a permanently moored storage and offloading vessel. Kelvin Tang, KrisEnergy&rsquo s CEO, said FID is another step in progressing the Apsara development within the target timeframe following the formal signing of the petroleum agreement in late August. &ldquo Our technical and operations teams are preparing the necessary tenders for materials, equipment and services,&rdquo he said. &ldquo In parallel, consultations continue with parties interested to join this groundbreaking project to reduce our operational risk and capital expenditure exposure.&rdquo Economy and Finance Minister Aun Pornmoniroth said the agreement with KrisEnergy was &ldquo the starting point of a very long journey which requires participation from all related parties to realise the production of the first drop of oil in Cambodia&rdquo . He also said the agreement package for the development of Block A will enable the company to start its first oil production in phase 1A and phase 1B and move on towards the appraisal as well as the development plan for phase 1C. &ldquo It is estimated that phase 1A and phase 1B will provide more than 30 million barrels over the period of nine years,&rdquo Mr Pornmoniroth said. KrisEnergy is the operator of Block A and holds a 95 percent working interest. The Ministry of Economy and Finance holds the remaining five percent. &ldquo The five percent share of the Cambodian government with KrisEnergy is to help the government establish a participating interest. It is to allow them to sit just across the table not as regulators but also as partners,&rdquo said Mr Tang. &ldquo I think if KrisEnergy gained a 100 percent share, the government would still be able to reap the benefits of oil production from taxation, royalty and profit and cost sharing,&rdquo he added. An agreement to transfer 28.5 percent and 14.25 percent working interest in Block A from Mitsui Oil Exploration and GS Energy Corporation, respectively, to KrisEnergy, was signed on August 31, 2016, and completed on October 7, 2016. Block A covers 3,083 square kilometres over the Khmer Basin in the Gulf of Thailand where water depths range between 50 and 80 metres. Once the initial Phase 1A platform is on stream, there will be a period to monitor reservoir performance before commencing Phase 1B, which envisages up to three additional platforms producing to the Phase 1A facilities. Phase 1C will potentially add up to six additional platforms for a maximum of 10 platforms.
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TraderBen
Supreme |
24-Oct-2017 17:10
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only sembcorp and kepcorp haha..
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michaeltan
Master |
24-Oct-2017 16:45
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DD6699 Don' t have the risk appetite for it. No!
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