| Latest Forum Topics / CapAllianz Last:0.002 -- |
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CWX Global - Boleh?
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SureStrike
Veteran |
26-Feb-2021 19:13
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Well done CWX. Let&rsquo s start from 0.7 as new beginning & move on. Pip by pip moving up steadily & i&rsquo m Happy Liao. Good luck to all CWX supporters. 💪 😃 |
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hem2998
Veteran |
26-Feb-2021 11:50
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some background: 20 yr concession will end in 2034. *** Concessions The Thai concessions are producing around 3,000 barrels of oil per day &ndash a significant increase from the 1,200bopd achieved in February. Based on the field development plans in place, Loyz expects the rate to rise even further, reaching 4,000bopd by this month. A new drilling programme for 15 wells has been put in place for the concessions. Of the three new wells drilled so far, all have produced oil shows, and the test results are pending. Loyz expects the remaining 12 wells to be drilled within seven months, which should significantly jack up daily production. The cash flows from their production are expected to fund the entire drilling programme. The estimated 2P1 oil reserves of the three concessions combined are 29.6 million barrels, based on the independent qualified person&rsquo s report dated January 1 prepared by Chapman Petroleum Engineering.  Based on its 20-per-cent interest, the group is entitled to 5.92 million barrels of oil over the 20-year concession. This output would potentially generate an undiscounted cash flow of about $144 million, markedly strengthening the group&rsquo s balance sheet. Of the $65-million consideration, $33 million will be paid in cash and the remaining $32 million via future royalty payments based on revenues generated by the producing fields in the Thai concessions. source:  Loyz Energy acquires stakes in Carnarvon Thailand oil concessionsMay 06. 2014
https://www.nationthailand.com/business/30233010
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DexterT
Veteran |
26-Feb-2021 11:27
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With vaccines being rolled out and travel stocks recovering. Oil stocks will most likely be the next best thing to invest. Vested some are $0.005. | ||||
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SmallSmall
Supreme |
26-Feb-2021 11:26
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Someone just clear 11 mil at $0.007. Warrant got hope liao | ||||
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hem2998
Veteran |
26-Feb-2021 11:21
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They should divest the oil concession. It would be a WHOPPER. With OIL on upswing...it would easily fetch US80-100mil
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eyesontrade
Member |
26-Feb-2021 11:16
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it needs to and will clear the 0.008. So those who bght to hold, will be happy
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hem2998
Veteran |
26-Feb-2021 10:35
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Placees wont risk so much capital unless there is something brewing. Could this be a clue? extracted from half Yr results commentary The Thailand joint operation continues to work towards additional drilling and workover programmes in 2021 to increase production. A new drilling campaign is currently being planned to take place around Q3 2021. The actual timing of the drilling campaign will be subject to the then situation of the coronavirus pandemic.  |
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LaoSai
Senior |
26-Feb-2021 10:06
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Slow crawl up. At 6/7, meat not thick enough | ||||
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Sibehboeng
Master |
26-Feb-2021 10:04
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Heavy selling at 6... 8 seems like tough job...
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SureStrike
Veteran |
26-Feb-2021 09:50
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CWX new beginning Liao! Huat Ah! 👍 🏻 😃 | ||||
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eyesontrade
Member |
26-Feb-2021 08:46
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resistance at 0.008. If can clear 0.008, think those who bought will likely choose to hold for rocket sky
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eyesontrade
Member |
26-Feb-2021 08:41
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looking at it...should be able to reach 0.007 / 0.008. Just predicting | ||||
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Shifu8888
Supreme |
26-Feb-2021 08:17
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May mimick China star foods. $0.04 if they want.
I may catch early train later.
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LaoSai
Senior |
26-Feb-2021 07:33
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Looks like placement to mainland Chinese. Hopefully will be fast n furious. Above $0.015 pls | ||||
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SmallSmall
Supreme |
26-Feb-2021 00:39
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Placement @ $0.00504.
Heng ah. At least the placement price is fair unlike Lifebrandz which places shares at 0.002 when last trade price was $0.015? Still think there is a big whale inside based on the price action the last few days. This company has an asset in the form of an oil field in Thailand which they paid US$65 mil when they first acquired it. Not sure how much it is worth now though. Let?s see how it opens tomorrow. So far all companies announcing placements will see their prices higher on relisting, eg China Star, P5, Jasper ETC and even Lifebrandz (first round placement) Guess this is the characteristics of a bull market. |
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LaoSai
Senior |
25-Feb-2021 16:25
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This could be a multi bagger. I have close to 40k vested inside. I am betting on this. My job isn't paying well so must punt liao. | ||||
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Thiamm
Veteran |
25-Feb-2021 11:04
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11 can?  
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hem2998
Veteran |
25-Feb-2021 11:02
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how much could it fetch?
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SmallSmall
Supreme |
25-Feb-2021 10:40
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Day 2 Trading Halt. I suspect it would involve the sale of its Thai Oil field to a National Oil Company. They had been approached in mid 2019. Now that oil has hit new high, it would be an opportune time to sell off this asset. Let' s wait and see ..... |
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LaoSai
Senior |
24-Feb-2021 14:35
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JV is to create new entity.
So CWX is shareholder of new entity
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