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RH PetroGas
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Oil and Gas counters are volatile
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Stocky901
Supreme |
29-Sep-2023 18:16
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Oil resumed uptrend.. next week can see above 25c liao. 🤞 🤞 | ||||
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ahberngh
Master |
29-Sep-2023 18:14
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Oil green again, Brent now 96.01. | ||||
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trader1970
Elite |
29-Sep-2023 16:49
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Any dive will be well absorbed on the back of tight supply from OPEC and Oil Longists... What will be interesting is will RH released any breaking news to gap up on Monday?...if so, there would be rally for all oil counters next week...![]()
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s100125
Master |
29-Sep-2023 15:48
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Be careful as oil prices may take a dive tonight  | ||||
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trader1970
Elite |
29-Sep-2023 15:44
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Rolling over accumulation detected for the last 2 hours... 52 week high is 23.5.. Multiple BBs setting the stage for the pump up to 25 next week.. Dyodd... The PA is showing bullish cup and handle formation in the making...  ![]() ![]() |
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TraderBen
Supreme |
29-Sep-2023 15:40
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good profits for half a day of work guys!.. i likely also selling at 23.. huats! | ||||
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easywin
Supreme |
29-Sep-2023 15:01
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I sold all at 23 bought 21 this morning made some easy money to spend over the weekend
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piscesmonkey
Supreme |
29-Sep-2023 14:45
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sold 50lots at 230 look like max 235?
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maccer
Master |
29-Sep-2023 14:26
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Normally share will go up by 20% for this type of superb news.......
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TraderBen
Supreme |
29-Sep-2023 14:20
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was thinking gonna sell today also. 100 lots bought 198 on contra.. que at 25 alrdy.. if later not hitting will sell at watever price..if tmr USA govt shut down monday jia lat.. anyway its oct... trying to stay sidelines and enjoy 1st.. huats | ||||
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piscesmonkey
Supreme |
29-Sep-2023 14:10
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bought this morning at 215. 50lots small small going sell later. Huat ah
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TraderBen
Supreme |
29-Sep-2023 14:05
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Huat!! Queing to sell at 25 see if can hit today
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ozone2002
Supreme |
29-Sep-2023 13:47
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0.23      ![]() Ric Ashley song 🎵 playing again 
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Catrade
Master |
29-Sep-2023 13:46
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It?s really time to buy more before analysts start to write abt PetroGas potential windfall, then it would be too late to buy cheap becoz the BB would rush in before the analysts report is released. | ||||
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piscesmonkey
Supreme |
29-Sep-2023 13:19
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Really hit 230 liao bro. Huat ah
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L.FATT
Member |
29-Sep-2023 12:13
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What happen here.. just went for lunch and see this... | ||||
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easywin
Supreme |
29-Sep-2023 11:57
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Don' t say bo jio, put money earn easy money. | ||||
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ahberngh
Master |
29-Sep-2023 11:44
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Indeed, 1.8 TCF is huge. According to your figures, it is worth US$3B. For the sake of argument, let' s say after uncertainties, taxes, Indo govt and other grabbing hands have taken their shares, only one third is left for RH shareholders. That is US$1B. RH has total shares of 836M, so per share is about US$1.2. This is only for the gas discovery asset, not all the assets assets RH still owns. Let' s locate the 1.8 TCF  ![]()
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Catrade
Master |
29-Sep-2023 11:16
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Yes, 1.8Tcf is indeed a very huge gas field, n if strike Petrogas price will rocket 🚀 above last high of 41c.
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stanip
Veteran |
29-Sep-2023 10:53
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Agreed. IMO, strong signs are already there in the update... Management talked more about Karuka-1 well  (50 days to drill?) 1) Signed MOUs with a buyer to supply gas to IGNITE Ecopark earlier in the year 2) Company strategy to transform to primarliy a LNG gas company (with higher PE multiples than oil companies). 3) Karuka structure may hold up to 1.8 TCF of recoverable gas on an un-risked basis. To guessimate the value of 1.8 Tcf: 1 Tcf = 1,000,000,000 MMBtu or 1,000 cubic ft of gas. Current market pricing is about US$3 per MMBtu. So 1.8 Tcf roughly could worth US$3B on the gross basis before future technical & commercial risks. 1.8 Tcf is a substantial gas reserve if you check ChatGPT or Barb. :) Have picked up some more this morning...Not sure the market has fully absorbed the positive messages behind. The only not so positive point in the update is on Riam-1 (another well) which is behind schedule after encourntering operational challenges. Management will provide further update on this Riam-1.  
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