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laksaman57 Supreme	21-Mar-2017 15:55        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude price fell from $100+ to $80+, so probably they thought they got a good deal from the American, Japanese & Korean. Forgot US is old bird in all oil related.  http://www.macrotrends.net/1369/crude-oil-price-history-chart
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Siwomp Supreme	21-Mar-2017 15:51        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	My guess..... my guess only arh..... Chervon being the operator than cannot reach an agreement with the Cambodian govt, things got so bad that they have to sell, and KE pick up, probably at a discount then from the US$100+ oil price....... so KE becomes the Operator.  Being the new operator, KE would want to have an agreement with the Cambodia govt, but like Chevron, the Jap and the Korean did not like the terms, so they want out also...... so KE again gets to buy their stakes at a discounted price from the valuation then..... 2nd half of 2016. http://www.phnompenhpost.com/business/krisenergy-ups-stake-unclog-offshore-block-oil laksaman57      ( Date: 21-Mar-2017 15:24) Posted: Term should be unfavorable....US, Japan & Korean oil expert aren't stupid ppl "KrisEnergy bought Chevron's stake in the block in 2014. The remaining shareholders, Japan's Mitsui Oil Exploration and South Korea's GS Energy Corp, sold their shares to KrisEnergy" Siwomp      ( Date: 21-Mar-2017 14:19) Posted: Chevron and the Cambodian Govt cannot agree on the terms.......so no production
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laksaman57 Supreme	21-Mar-2017 15:44        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Purchase officiated on 02oct2014 http://www.offshoreenergytoday.com/krisenergy-becomes-operator-of-cambodia-block-a/ sheerluck      ( Date: 21-Mar-2017 15:37) Posted: Chervon so lucky.   KE can only suck thumbs! laksaman57      ( Date: 21-Mar-2017 15:33) Posted: Crude oil price was >$100 on mid of 201
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Siwomp Supreme	21-Mar-2017 15:44        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dun need suck thump...... bite the bullet and do the impairment, revaluation or depreciations or CAPEX thingy lor........ best is write-off more, and do a write back the next few FYs lor.......like the Banks.......    :p  :p sheerluck      ( Date: 21-Mar-2017 15:37) Posted: Chervon so lucky.   KE can only suck thumbs! laksaman57      ( Date: 21-Mar-2017 15:33) Posted: Crude oil price was >$100 on mid of 201
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sheerluck Supreme	21-Mar-2017 15:37        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	Chervon so lucky.   KE can only suck thumbs! laksaman57      ( Date: 21-Mar-2017 15:33) Posted: Crude oil price was >$100 on mid of 2014 sheerluck      ( Date: 21-Mar-2017 15:30) Posted: Hope KE didn' t pay a pre-oil crisis price tag.
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laksaman57 Supreme	21-Mar-2017 15:33        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude oil price was >$100 on mid of 2014 sheerluck      ( Date: 21-Mar-2017 15:30) Posted: Hope KE didn' t pay a pre-oil crisis price tag. laksaman57      ( Date: 21-Mar-2017 15:24) Posted: Term should be unfavorable....US, Japan & Korean oil expert aren't stupid ppl "KrisEnergy bought Chevron's stake in the block in 2014. The remaining shareholders, Japan's Mitsui Oil Exploration and South Korea's GS Energy Corp, sold their shares to KrisEnergy
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sheerluck Supreme	21-Mar-2017 15:30        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	Hope KE didn' t pay a pre-oil crisis price tag. laksaman57      ( Date: 21-Mar-2017 15:24) Posted: Term should be unfavorable....US, Japan & Korean oil expert aren't stupid ppl "KrisEnergy bought Chevron's stake in the block in 2014. The remaining shareholders, Japan's Mitsui Oil Exploration and South Korea's GS Energy Corp, sold their shares to KrisEnergy" Siwomp      ( Date: 21-Mar-2017 14:19) Posted: Chevron and the Cambodian Govt cannot agree on the terms.......so no production
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laksaman57 Supreme	21-Mar-2017 15:24        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Term should be unfavorable....US, Japan & Korean oil expert aren't stupid ppl "KrisEnergy bought Chevron's stake in the block in 2014. The remaining shareholders, Japan's Mitsui Oil Exploration and South Korea's GS Energy Corp, sold their shares to KrisEnergy" Siwomp      ( Date: 21-Mar-2017 14:19) Posted: Chevron and the Cambodian Govt cannot agree on the terms.......so no production laksaman57      ( Date: 21-Mar-2017 13:27) Posted: Chevron struck oil in the block, a decade ago, yet never start production ..... http://www.straitstimes.com/business/cambodia-to-ink-revised-oil-contract-with-krisenergy
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HB8289 Master	21-Mar-2017 14:47        HB8289 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Peggng closely to Crude price
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sheerluck Supreme	21-Mar-2017 14:41        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	The Cambodia miscalculated.   Last time oil field is like gold field.   Now they need to beg people to develop liao. Siwomp      ( Date: 21-Mar-2017 14:19) Posted: Chevron and the Cambodian Govt cannot agree on the terms.......so no production laksaman57      ( Date: 21-Mar-2017 13:27) Posted: Chevron struck oil in the block, a decade ago, yet never start production ..... http://www.straitstimes.com/business/cambodia-to-ink-revised-oil-contract-with-krisenergy
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alexchew Master	21-Mar-2017 14:38        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	yup, n the thing is, investors are cheering them for job well done. lol.. I foresee oil gg down to test 40 again the first half of the year. I am hopeful i will be right on this. Maybe by then, we can get KE at the right margin of safety.
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Siwomp Supreme	21-Mar-2017 14:34        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buy high......impairment........then sell low...... still got make money...... next FY year lor.........  :p      (just having fun here  :p)
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Siwomp Supreme	21-Mar-2017 14:32        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dun think they sell anything yet....... alexchew      ( Date: 21-Mar-2017 14:30) Posted: isn' t it funny? KE struck a deal to purchase at maybe forward oil is $80, now, struck a deal to sell at forward $50? Lol... Lose till pants drop.. But, beggars canot be choosy also.   Congrats to the funny biz that they are operating.  Siwomp      ( Date: 21-Mar-2017 14:19) Posted: Chevron and the Cambodian Govt cannot agree on the terms.......so no production
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alexchew Master	21-Mar-2017 14:30        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	isn' t it funny? KE struck a deal to purchase at maybe forward oil is $80, now, struck a deal to sell at forward $50? Lol... Lose till pants drop.. But, beggars canot be choosy also.   Congrats to the funny biz that they are operating.  Siwomp      ( Date: 21-Mar-2017 14:19) Posted: Chevron and the Cambodian Govt cannot agree on the terms.......so no production laksaman57      ( Date: 21-Mar-2017 13:27) Posted: Chevron struck oil in the block, a decade ago, yet never start production ..... http://www.straitstimes.com/business/cambodia-to-ink-revised-oil-contract-with-krisenergy
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Siwomp Supreme	21-Mar-2017 14:19        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Chevron and the Cambodian Govt cannot agree on the terms.......so no production laksaman57      ( Date: 21-Mar-2017 13:27) Posted: Chevron struck oil in the block, a decade ago, yet never start production ..... http://www.straitstimes.com/business/cambodia-to-ink-revised-oil-contract-with-krisenergy
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laksaman57 Supreme	21-Mar-2017 13:27        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Chevron struck oil in the block, a decade ago, yet never start production ..... http://www.straitstimes.com/business/cambodia-to-ink-revised-oil-contract-with-krisenergy
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Siwomp Supreme	21-Mar-2017 11:06        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.oilandgaspeople.com/news/13714/thai-oil-giants-look-to-invest-11-billion-in-acquisitions-and-mergers/
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sheerluck Supreme	20-Mar-2017 21:01        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	Must dump in US$200mil + at least 3 more years before first $1 comes in.   Market is forward looking but not so forward especially given the volitility of oil price now. teeth53      ( Date: 20-Mar-2017 20:26) Posted: March 20 (Reuters) - Cambodia will  sign a revised production sharing contract this month with  Singapore-listed explorer KrisEnergy to develop an offshore  field that could finally produce the country' s first oil after  years of delays, a government official said. Cambodia is revising some fiscal terms in the 2002 contract  for the Cambodia Block A field in the Khmer Basin, after  KrisEnergy Ltd  became the sole stakeholder last year.  The government and the company declined to elaborate on the  changes.  " There will be an agreement signed in March," Meng  Saktheara, a secretary of state at the Ministry for Mines and  Energy, told Reuters.  Cambodia has struggled to develop oil fields in the Gulf of  Thailand, as few companies are willing to invest in the area  following the 2014 global oil price slump.  KrisEnergy hopes to begin initially producing around 8,000  barrels per day of low-sulphur oil early next decade. But it  first needs to find a partner to back the development, which is  estimated at below $200 million.
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HB8289 Master	20-Mar-2017 20:57        HB8289 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Why didn' t Keppel corp support krisEnergy   when they are the major stakeholder . It is there are involving some uncertainty or risks that hold them back?
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teeth53 Supreme	20-Mar-2017 20:41        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	News is from Reuters - Part 2 " We' re not in a rush to farm things out. What we are looking  for are good credible and stable partners that can share the  risk and cost of the project," said Kelvin Tang, KrisEnergy' s  chief operating officer and president of its Cambodia  operations. The company is likely to draw interest from state-owned  companies or small-scale explorers backed by private equity, as  international oil majors continue to sell mature or late-life  assets in Asia, Wood Mackenzie analyst Andrew Harwood said.  " While it still needs to be finalised. Cambodia employs a  PSC regime, which compares favourably with other producing  countries around SE Asia, reflecting the current lack of  activity and the need to attract upstream investment," he said.  He added that the project could be brought onstream by 2020 at the earliest, but would likely face a year or two delay due  to the challenges facing KrisEnergy.  As its previous operator, U.S. oil giant Chevron  struck oil in the block a decade ago, but never started  production due to disagreements with the government over final  investment terms.  KrisEnergy bought Chevron' s stake in the block in 2014.  The remaining shareholders, Japan' s Mitsui Oil Exploration  Co Ltd and South Korea' s GS Energy Corp [GSHOLE.UL], sold their  shares to KrisEnergy last year.    Cambodia' s government will take a 5 percent stake in the oil  block.  @thomsonreuters.com +65 6870 3497. Reuters Jeromelow      ( Date: 20-Mar-2017 20:31) Posted: how reliable is the news?
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