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Volume super good today, could it be some good news coming soon
Wa lao..I hold so long finally go up my stupid finger go key damn low px 0.61..now enough to buy 1 year worth of toilet paper oni..shld have held longer..trading really testing one's patience. Congrats to those who perservere....everyone huat big big arhhhh
Up to 60 level...
OSK DMG Securities says?
RH PETROGAS | BUY | TP: S$1.21
Adjusting for USD44m of write-offs for seven wells drilled in 2011-2013 and USD29m impairment on goodwill, RH Petrogas (RHP)?s FY13 core profit was USD7.1m
With its balance sheet now clean, we believe the worst is over and we expect a return to profitability and higher cash flows in FY14
More crucially for an exploration & production company, EBITDA before exploration (EBITDAX) was up 7% to USD33.3m
We raise its EBITDAX by the USD4.4m in inventory obsolescence charges, which is non-cash and should be part of normal EBITDAX in our view
RHP?s February production is back to 4,300boepd and three more wells are coming online in March
The half-year contributions from Fuyu and those estimated in a potential 1H14 acquisition will make up the difference to 4,700boepd in FY14
Dec 2014?s exit production rate should be c.5,000boepd, as the floating, production, storage and offloading vessel for the offshore TBA field arrives and begins producing
RHP?s cash in hand totals USD52m
Adding the normalised USD20m/year operating cash flow and assuming zero production growth, the effective cash balance through FY15 is USD92m
As its FY14 work programme only costs USD45m, RHP has sufficient cash through at least late-FY15
RH PETROGAS | BUY | TP: S$1.21
Adjusting for USD44m of write-offs for seven wells drilled in 2011-2013 and USD29m impairment on goodwill, RH Petrogas (RHP)?s FY13 core profit was USD7.1m
With its balance sheet now clean, we believe the worst is over and we expect a return to profitability and higher cash flows in FY14
More crucially for an exploration & production company, EBITDA before exploration (EBITDAX) was up 7% to USD33.3m
We raise its EBITDAX by the USD4.4m in inventory obsolescence charges, which is non-cash and should be part of normal EBITDAX in our view
RHP?s February production is back to 4,300boepd and three more wells are coming online in March
The half-year contributions from Fuyu and those estimated in a potential 1H14 acquisition will make up the difference to 4,700boepd in FY14
Dec 2014?s exit production rate should be c.5,000boepd, as the floating, production, storage and offloading vessel for the offshore TBA field arrives and begins producing
RHP?s cash in hand totals USD52m
Adding the normalised USD20m/year operating cash flow and assuming zero production growth, the effective cash balance through FY15 is USD92m
As its FY14 work programme only costs USD45m, RHP has sufficient cash through at least late-FY15
hopefully this is the year of the slicky oil...
Markie ( Date: 06-Mar-2014 23:12) Posted:
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LOOK INTO IEV HOLDINGS ... THE NEXT SUPERSTAR OF OIL and GAS
lucky168 ( Date: 06-Mar-2014 21:24) Posted:
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no la. once fuyu block announced, their NAV really shoot up a lot. then this RH becomes valuable.
why RHG lagging behind Rex and KrisEnergy by so much?
Lol my broker Also
Peter_Pan ( Date: 06-Mar-2014 12:34) Posted:
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yah my broker say buy~~!!
Climbing up slowly
FY13 net loss was US$65.9m, reversing net profit of US$6.1m in FY12. Revenue was flattish at US$86.4m as lower average production and realized oil prices were offset by higher oil and gas entitlement from the cost recovery for FY13 at Basin and Island PSCs. Bottomline was severely weighed by an impairment loss of goodwill (US$28.8m), write-off on unsuccessful exploration and evaluation expenses (US$44.2m) and FX loss of (US$4.5). Management highlights the expected increase in non-OPEC supply of oil, plus the potential of QE tapering may weigh down oil prices.
Dismay fy result maybe tonight with no.div...
daffytlh ( Date: 28-Feb-2014 12:55) Posted:
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wa.. what happen ?y px drop so much ? any idea?
Good time to accumulate........... huat to all vested!!!
Profit warning.....
Let the market digest the rise yesterday, it will go back to 0.6+ level again....
Co found 4m estimated recoverable barrels of oil from Koi-2 appraisal well, located within the Salawati Kepala Burung PSC in Indonesia. The JV partners has agreed to commence a preliminary front end engineering design study to evaluate the development design and concept for the field for submission to the authorities, before production can begin. RH Petrogas holds 33.21% working interest in Salawati Kepala Burung PSC.
what an anti-climax reaction today.
A lot.of.cost.involves.....us shale oil per barrel need 80% of cost......but.it.a good.new.but.leak.out before.we.know..why....
newagetrader ( Date: 20-Feb-2014 23:24) Posted:
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