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Mandy1986 Veteran	19-May-2017 14:21        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wind22i... can you calculate my profit at MAYO? Please help me can? Wind22i      ( Date: 18-May-2017 19:20) Posted: Mandy bought kris warrant @ 0.107-9. The reason for buying is "It' s typical BB Accumulation pattern"...what a load of rubbish.. Now = 0.045.. Thats 59% loss..!! I hope mandy is ok.... Mandy1986      ( Date: 08-May-2017 23:33) Posted: I am perfectly fine. It' s not losing your money why you so worry for me? Don' t waste your time here making this reporting, it' s no use bro.. you being a born loser will always like to see people losing money but for me I have Moya With me which I am enjoying every minute, so don' t think my pocket is hit.. lol
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sbscap Master	19-May-2017 10:55        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	There' s no need to be so nasty. Losses are painful for all. I bought the warrants at 11c too but I just average at 4.6c, making my weighted average around 7c. In terms of unrealized losses, it is about 2 months salary. I have already " recovered" since I bought 3 months ago.
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huatahrr Member	19-May-2017 09:47        huatahrr About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mandy1986      ( Date: 19-May-2017 09:44) Posted: Ha Ha.. thanks for calculating my losses for this counter.. make it 100% losses, it will still be ok. Wind22i      ( Date: 18-May-2017 19:20) Posted: Mandy bought kris warrant @ 0.107-9. The reason for buying is "It' s typical BB Accumulation pattern"...what a load of rubbish.. Now = 0.045.. Thats 59% loss..!! I hope mandy is ok...
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Mandy1986 Veteran	19-May-2017 09:44        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ha Ha.. thanks for calculating my losses for this counter.. make it 100% losses, it will still be ok. Wind22i      ( Date: 18-May-2017 19:20) Posted: Mandy bought kris warrant @ 0.107-9. The reason for buying is "It' s typical BB Accumulation pattern"...what a load of rubbish.. Now = 0.045.. Thats 59% loss..!! I hope mandy is ok.... Mandy1986      ( Date: 08-May-2017 23:33) Posted: I am perfectly fine. It' s not losing your money why you so worry for me? Don' t waste your time here making this reporting, it' s no use bro.. you being a born loser will always like to see people losing money but for me I have Moya With me which I am enjoying every minute, so don' t think my pocket is hit.. lol
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Wind22i Supreme	18-May-2017 19:20        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mandy bought kris warrant @ 0.107-9. The reason for buying is "It' s typical BB Accumulation pattern"...what a load of rubbish.. Now = 0.045.. Thats 59% loss..!! I hope mandy is ok.... Mandy1986      ( Date: 08-May-2017 23:33) Posted: I am perfectly fine. It' s not losing your money why you so worry for me? Don' t waste your time here making this reporting, it' s no use bro.. you being a born loser will always like to see people losing money but for me I have Moya With me which I am enjoying every minute, so don' t think my pocket is hit.. lol Wind22i      ( Date: 03-May-2017 21:18) Posted: Mandy bought kris warrant at 0.109...Now 0.063.. The loss is an amazing ~-42%..!! According to her "its typical BB accumulation pattern".. I hope she is ok...as she is very quiet lately.
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sheerluck Supreme	18-May-2017 18:16        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	No need to pray better check these events: 1.   This Friday Rig count up or down 2.   Next week US  Crude  production/stock up or down 3.   Then next Friday  Rig count up or down 4.   Then next Saturday 黑 白 and non-黑 白 cut how much extend how long. Good luck! sbscap      ( Date: 18-May-2017 17:16) Posted: The share seems to be hitting a major support. The warrants are very long-dated and hence offers very good leverage, provided the shares bottom soon and recover to the highs of 20c within a year. Oil price is moving up but Kris is moving in the opposite direction. Either they are a few big sellers selling for reasons not relating to the company or oil price or there are some bad information only known to the sellers. From the volume, I think it is the former. I' m adding the warrants at 4.6c and now I pray.
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sbscap Master	18-May-2017 17:16        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	The share seems to be hitting a major support. The warrants are very long-dated and hence offers very good leverage, provided the shares bottom soon and recover to the highs of 20c within a year. Oil price is moving up but Kris is moving in the opposite direction. Either they are a few big sellers selling for reasons not relating to the company or oil price or there are some bad information only known to the sellers. From the volume, I think it is the former. I' m adding the warrants at 4.6c and now I pray.
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Mandy1986 Veteran	18-May-2017 16:51        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wa, like also can... still can go down  alexmay34      ( Date: 18-May-2017 10:28) Posted: might be better if buy mothershare, conversion is 0.11, this is if you see oil going up in the next few years, i bought 0.146 from 29 Mandy1986      ( Date: 18-May-2017 09:56) Posted: I am easy buying Warrant at 0.047/8... a bit a bit buy..
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alexmay34 Veteran	18-May-2017 10:28        alexmay34 About Contact  Quote this Post!
x 0   x 0  Alert Admin	might be better if buy mothershare, conversion is 0.11, this is if you see oil going up in the next few years, i bought 0.146 from 29 Mandy1986      ( Date: 18-May-2017 09:56) Posted: I am easy buying Warrant at 0.047/8... a bit a bit buy..
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Mandy1986 Veteran	18-May-2017 09:56        Mandy1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am easy buying Warrant at 0.047/8... a bit a bit buy..
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genting^2 Master	17-May-2017 14:03        genting^2 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Results just released shows that it is not in positive territory. It should do better in the next few quarters. esp when Oil price stabilises.
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lennon1986 Member	14-May-2017 20:37        lennon1986 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Gross production at the Wassana field in G10/48 in the Gulf of Thailand averaged 5,063 barrels of oil per day (&ldquo bopd&rdquo ) in 1Q2017 and working interest production amounted to 4,506 bopd. Preparations are underway to drill up to five infill wells in the second half of 2017 to improve production. Technical work continues for the potential development of a satellite oil accumulation within the Wassana Production Area, production from which would be processed through the existing Wassana facilities  Gross production at the Nong Yao field in G11/48 in the Gulf of Thailand averaged 8,332 bopd in 1Q2017 and the Company&rsquo s working interest production was 1,875 bopd. The Nong Yao-B wellhead platform was shut in 29-30 April 2017 for the positioning of the Atwood Orca jackup rig in preparation for an up to four-well infill drilling program.  Gross production in 1Q2017 from the B8/32 & B9A complex in the Gulf of Thailand averaged 27,670 bopd and 132 million cubic feet per day of gas (&ldquo mmcfd&rdquo ), of which the Company&rsquo s working interest share amounted to 2,302 boepd. The main Benchamas platform was shut in for annual maintenance 20-24 April 2017. Three development wells were drilled in the first quarter. In January 2017, the Thai authorities approved the extension of the production period to 2030.  There is minor maintaince job and upgrading in progress, for Wassana, Kris management is planning for more drilling wells to boost production.. sbscap      ( Date: 13-May-2017 09:36) Posted: Results seem fair ... at least not as bad as the share price action suggested (falling from 20c to 15c over the last 3m). Gearing down from 62% to 51%, cash-flow still positive at USD19.4m but down from USD31m, liquidity at USD75m. Production fall is bad. I wish the company gives some explanation (I can' t find it). Generally, oil fields deplete at 10% p.a..  Could the large fall be due to short-term reasons like weather, maintenance? One generally buys a junior E& P stock like this for its reserves. I did some computations based on the enterprise value per barrel of 2P reserves and find this stock attractive relative to other listed ones of about the same size. Yes, I' m vested and sweating a bit.
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genting^2 Master	14-May-2017 20:06        genting^2 About Contact  Quote this Post!
x 0   x 0  Alert Admin	expect krisenergy price to move higher in the coming months. probably back to 20 cents and higher.
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sbscap Master	14-May-2017 13:02        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	EBITDAX 2016 USD51m and 1Q17 USD17m. At the 1Q17 rate, 2017 EBITDAX could be USD60-70m, USD121m CAPEX for 2017 means a drawdown on its cash of USD75m. Future oil price is a big factor since current price less marginal future lifting cost  is  negative. I' m expecting oil price to say around 1Q level this year, so it will negative for Kris. Big negative? I' m not sure. Logically Kris would have to delay production of expensive wells.
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sheerluck Supreme	14-May-2017 12:36        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 1   x 0  Alert Admin	Kris guided their capex for 2017 to be about us$120mil. This should be in additional to their nor all investing cost. So far they have recorded us$20 mil. They have quite a few wells to drill in the second half of this year so the big tickets will come then. Judging from their report, production is unlikely to see better days for the rest of the year until the new wells comes online. Their annual report also revealed that their did some testing with oil price ranging from $50-$80. So the $50 could be an indication of its ops break even price. The market knows about the production issue and may have already priced in. The remaining unknown is the oil price. If price stayed below $50 for a prolonged period, Kris price might be severely challenged.
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sbscap Master	13-May-2017 09:36        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Results seem fair ... at least not as bad as the share price action suggested (falling from 20c to 15c over the last 3m). Gearing down from 62% to 51%, cash-flow still positive at USD19.4m but down from USD31m, liquidity at USD75m. Production fall is bad. I wish the company gives some explanation (I can' t find it). Generally, oil fields deplete at 10% p.a..  Could the large fall be due to short-term reasons like weather, maintenance? One generally buys a junior E& P stock like this for its reserves. I did some computations based on the enterprise value per barrel of 2P reserves and find this stock attractive relative to other listed ones of about the same size. Yes, I' m vested and sweating a bit.
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sheerluck Supreme	12-May-2017 17:03        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	Other forummer already said.   There is a bond restructuring gain of US$77mil.   It is an once-off accounting gain and will be expensed off and has already started. They are not aiming for profit.   They are aiming for cashflow to support their production and development neesd which their operation is not bringing in enough at the moment.   Debt will increase. Volume is important to Kris.   Wassana production dropped from a high of 10kbopd to now just 5kbopd.   That' s a US$20mil revenue per quarter vapourised.   Now nong Yao aso started to drop. Kris cannot influence oil price but they sure have control over their own volume.   If Wassana and Nong Yao continue to drop, you can kiss the next three quarters goodbye until they finished drilling those new wells. Montior their activities in tne Wassana and Nong Yao.   Don' t expect much until end of the year.   But then, things might turn around for Kris if oil price don' t tank. jlim777      ( Date: 12-May-2017 16:38) Posted: How can you say worse than you thought? You thought it would be US$12M loss, but turn out to be US$55.7M profit. Sure the production volume was down, but it could be they are now aiming for profit instead of volume, so only sold to those who could accept higher price. Possible, right? sheerluck      ( Date: 12-May-2017 15:07) Posted: Kris fared worse than I thought. Wassana field produdtion dropped from 5.5kbopd to 5.0kbopd. Nong Yao field production dropped from 9.5kbopd to 8.3kbopd But average selling price went up to US$47 and lifting cost dropped to US$10 is a good sign.   Expect smaller increase in price from now. Those who are vested in KRIS, dont expect too much this years.   When they sort out those problematic wells in Wassana and new wells in Nong yao coming online then may see better days. Lastly, for KRIS, like many other oil producers, ops cash flow (before any exception items) is more important than profit.   Not too bad for this Q.
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jerryberry Member	12-May-2017 16:59        jerryberry About Contact  Quote this Post!
x 0   x 0  Alert Admin	yep yep. abit scary. maybe can wait abit more. dont know whether reach new lows already anot jlim777      ( Date: 12-May-2017 16:57) Posted: You are correct, it is worse. The profit is because of other operating income that should be ignored. jlim777      ( Date: 12-May-2017 16:38) Posted: How can you say worse than you thought? You thought it would be US$12M loss, but turn out to be US$55.7M profit. Sure the production volume was down, but it could be they are now aiming for profit instead of volume, so only sold to those who could accept higher price. Possible, right?
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jlim777 Senior	12-May-2017 16:57        jlim777 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are correct, it is worse. The profit is because of other operating income that should be ignored. jlim777      ( Date: 12-May-2017 16:38) Posted: How can you say worse than you thought? You thought it would be US$12M loss, but turn out to be US$55.7M profit. Sure the production volume was down, but it could be they are now aiming for profit instead of volume, so only sold to those who could accept higher price. Possible, right? sheerluck      ( Date: 12-May-2017 15:07) Posted: Kris fared worse than I thought. Wassana field produdtion dropped from 5.5kbopd to 5.0kbopd. Nong Yao field production dropped from 9.5kbopd to 8.3kbopd But average selling price went up to US$47 and lifting cost dropped to US$10 is a good sign.   Expect smaller increase in price from now. Those who are vested in KRIS, dont expect too much this years.   When they sort out those problematic wells in Wassana and new wells in Nong yao coming online then may see better days. Lastly, for KRIS, like many other oil producers, ops cash flow (before any exception items) is more important than profit.   Not too bad for this Q.
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sheerluck Supreme	12-May-2017 16:55        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	c jlim777      ( Date: 12-May-2017 16:38) Posted: How can you say worse than you thought? You thought it would be US$12M loss, but turn out to be US$55.7M profit. Sure the production volume was down, but it could be they are now aiming for profit instead of volume, so only sold to those who could accept higher price. Possible, right? sheerluck      ( Date: 12-May-2017 15:07) Posted: Kris fared worse than I thought. Wassana field produdtion dropped from 5.5kbopd to 5.0kbopd. Nong Yao field production dropped from 9.5kbopd to 8.3kbopd But average selling price went up to US$47 and lifting cost dropped to US$10 is a good sign.   Expect smaller increase in price from now. Those who are vested in KRIS, dont expect too much this years.   When they sort out those problematic wells in Wassana and new wells in Nong yao coming online then may see better days. Lastly, for KRIS, like many other oil producers, ops cash flow (before any exception items) is more important than profit.   Not too bad for this Q.
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