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ssw518 Supreme	28-Aug-2023 09:29        ssw518 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Less demand, increase more output? Later high px high demand, then have lower reserve liao how? If small boy don' t follow trend / suggestion from big boys follow who? when SG MFG export demand remain weak, all company in SG should ramp max production more as long as selling px per units is profitable? or Bank should loan out max to anyone who needs since interest is high for good. when oil 10x dollars ppl say good px, but rex never capitalise it with max, I agree now 8x dollars still wanna go max production? to caiptalise on what? If big boys waiting for high demand later this years i wait too if i am the management unless someone pay a premium to cover additional cost if current level is optimal with capacity vs cost (a missing data which most of us do not know) but last Q average selling px is 76, rex is still in profit. risk is there dyodd FrancisLim      ( Date: 28-Aug-2023 08:23) Posted: Firstly you are a teeny producer, you are not Saudi where they have so many oilfields and dominate the market.  They can reduce their output by doing maintenance and go slow on their new wells. You have three oilfields and recently, have had difficulties in extracting meaningul volume to cover your costs. Oil at 80 is high, compare to days of below 70.  At 80, if co can produce adequate volume will make profits, maybe co could disclose what is the cost of exracting each barrel of oil. To reduce volume is not even an issue, because oil price is still high and may go higher.  The problem is co is unable to extract the volume for its wholly owned oilfield at Oman to even half of its peak oil production in 2021. In normal cirucumstances, to reduce production, co schedule maintenance.. here your maintenace is not able to stop production stoppages. In conclusion, oil price is resonably high at near 80s.  Co is a market taker, there is demand for oil at 80 but you cant capitalize on it through increased production.
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FrancisLim Elite	28-Aug-2023 08:23        FrancisLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Firstly you are a teeny producer, you are not Saudi where they have so many oilfields and dominate the market.  They can reduce their output by doing maintenance and go slow on their new wells. You have three oilfields and recently, have had difficulties in extracting meaningul volume to cover your costs. Oil at 80 is high, compare to days of below 70.  At 80, if co can produce adequate volume will make profits, maybe co could disclose what is the cost of exracting each barrel of oil. To reduce volume is not even an issue, because oil price is still high and may go higher.  The problem is co is unable to extract the volume for its wholly owned oilfield at Oman to even half of its peak oil production in 2021. In normal cirucumstances, to reduce production, co schedule maintenance.. here your maintenace is not able to stop production stoppages. In conclusion, oil price is resonably high at near 80s.  Co is a market taker, there is demand for oil at 80 but you cant capitalize on it through increased production.
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ssw518 Supreme	25-Aug-2023 16:54        ssw518 About Contact  Quote this Post!
x 0   x 0  Alert Admin	saw many talk about production, so I ask a question, should production ties to demand? Opec is cutting so why should the rest ramp up unless huge order waiting to fullfill. So far only Iran is going against the trend, but stockpile around the world is is running lower but buying is still weak due to China as all don' t feel tohe need to rush. Key movement in oil px usually  reflect the demand / supply, production volume / pricing will fall into the hands of  of the company, where they decides what' s the best for the company. just my view
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andy_thong Member	25-Aug-2023 16:30        andy_thong About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Maybe that low TP is justified? Have you seen the horror show of a production report that Rex issued for July? Key asset in offshore Oman saw 38% month on month decline. The Yme field which they just bought in December 2022 for US$60-80m is now only producing over 700bpd of oil (-60% month on month). Is this the type of low quality of company that you want to buy with your hard earned money? Do your own research. wehuattogether88      ( Date: 14-Aug-2023 13:47) Posted: Just do not take it seriously on what the analysts say and the TP they set. Treat it as a reference only, I believe they have other agendas for setting such low TP. ahberngh      ( Date: 14-Aug-2023 11:58) Posted: This one won' t be surprised if it goes lower towards UOBKH target of 10c. Reserves depleting fast, high cost, IPT with parties which are not profitable (and may never be), increasing financing cost, production dropping, high pay management, etc. Trying to see what is good, but can hardly find anything. Unfortunately, I am also vested  .
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andy_thong Member	25-Aug-2023 16:20        andy_thong About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Nope production was actually up year-on-year. What was disappointing was production costs and depreciation which was higher than expected. During Covid they didn' t spend on some maintenance capex but had to do so in late 2022 and 1H23 so that' s why costs went up. No choice. FrancisLim      ( Date: 14-Aug-2023 16:16) Posted: Rh PetroGas is debt free.  But its production last quarter is also a disappointment.  Now looking towards oil discovery in its new fields to take advantage of the higher oil prices.    L.FATT      ( Date: 14-Aug-2023 14:16) Posted: Rh is still a much better one. With the prospects that they are exploring right now and strong cash. Hands down.
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piscesmonkey Supreme	25-Aug-2023 16:18        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sold all 200lots at 154. Still weak. Tonight powell talking take out 1st. Happy weakend
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piscesmonkey Supreme	24-Aug-2023 16:46        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil should be recover tonight liao down fewsday liao
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piscesmonkey Supreme	24-Aug-2023 16:15        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Huat ah maybe going green. Since RH petrogas green liao kt3152      ( Date: 24-Aug-2023 16:02) Posted: I dare not buy 152 missed the boat. You brave...congrats... piscesmonkey      ( Date: 24-Aug-2023 15:34) Posted: Bought another 100lots at 152. Wait for rebound back 16
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kt3152 Supreme	24-Aug-2023 16:02        kt3152 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I dare not buy 152 missed the boat. You brave...congrats... piscesmonkey      ( Date: 24-Aug-2023 15:34) Posted: Bought another 100lots at 152. Wait for rebound back 160 piscesmonkey      ( Date: 24-Aug-2023 13:28) Posted: Bought 100lots at 154 wait for rebound. Oil goong green today later night
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piscesmonkey Supreme	24-Aug-2023 15:34        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bought another 100lots at 152. Wait for rebound back 160 piscesmonkey      ( Date: 24-Aug-2023 13:28) Posted: Bought 100lots at 154 wait for rebound. Oil goong green today later night
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piscesmonkey Supreme	24-Aug-2023 13:28        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bought 100lots at 154 wait for rebound. Oil goong green today later night
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TraderBen Supreme	24-Aug-2023 13:13        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	getting closer day by day
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FrancisLim Elite	24-Aug-2023 09:09        FrancisLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	UOBKH TP 10 CENTS
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boyboy61 Supreme	15-Aug-2023 17:06        boyboy61 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Up 0.4 cents....2.44%......interesting.....something brewing
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FrancisLim Elite	14-Aug-2023 16:16        FrancisLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rh PetroGas is debt free.  But its production last quarter is also a disappointment.  Now looking towards oil discovery in its new fields to take advantage of the higher oil prices.    L.FATT      ( Date: 14-Aug-2023 14:16) Posted: Rh is still a much better one. With the prospects that they are exploring right now and strong cash. Hands down.
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L.FATT Member	14-Aug-2023 14:16        L.FATT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rh is still a much better one. With the prospects that they are exploring right now and strong cash. Hands down.
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wehuattogether88 Supreme	14-Aug-2023 13:47        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just do not take it seriously on what the analysts say and the TP they set. Treat it as a reference only, I believe they have other agendas for setting such low TP. ahberngh      ( Date: 14-Aug-2023 11:58) Posted: This one won' t be surprised if it goes lower towards UOBKH target of 10c. Reserves depleting fast, high cost, IPT with parties which are not profitable (and may never be), increasing financing cost, production dropping, high pay management, etc. Trying to see what is good, but can hardly find anything. Unfortunately, I am also vested  .
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FrancisLim Elite	14-Aug-2023 12:47        FrancisLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cash flows:  - Cash Used in Operating Activities   US$42 million, used in investing activities - US$35 millions,  issued bonds US$30 million(increased indebtedness), Net decrease USD64 million.. it will receive tax refund from Norway explorations - US$63 million - to be received in November 2024. ahberngh      ( Date: 14-Aug-2023 11:58) Posted: This one won' t be surprised if it goes lower towards UOBKH target of 10c. Reserves depleting fast, high cost, IPT with parties which are not profitable (and may never be), increasing financing cost, production dropping, high pay management, etc. Trying to see what is good, but can hardly find anything. Unfortunately, I am also vested  .
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ahberngh Elite	14-Aug-2023 11:58        ahberngh About Contact  Quote this Post!
x 0   x 0  Alert Admin	This one won' t be surprised if it goes lower towards UOBKH target of 10c. Reserves depleting fast, high cost, IPT with parties which are not profitable (and may never be), increasing financing cost, production dropping, high pay management, etc. Trying to see what is good, but can hardly find anything. Unfortunately, I am also vested  .
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wehuattogether88 Supreme	14-Aug-2023 11:51        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think Remember the saying, try to buy low and sell high..
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