RH PetroGas
Last:0.168
+0.007
What happen to RH PetroGas
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1841-1860 of 1888
Gd advice.
Turning red again.Maybe counter related to malaysia hence investors become wary again.
derekchong ( Date: 16-Oct-2013 16:29) Posted:
this is a very tricky counter. up and down
very fast.
don't take $0.63 cents placement price as
a reference to buy.
years back, placement price was $0.80 cents
and it was forced down to $0.50 not long after. |
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nobody vested in this?
Fake selling q...matching at 66
edwinjup ( Date: 17-Oct-2013 08:52) Posted:
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Open below 60 ?
What will happen Tmr???
WanSiTong ( Date: 16-Oct-2013 18:32) Posted:
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The Placement Shares will be listed and quoted on the Official List of the SGX-ST with effect from 9.00 a.m., 17 October 2013. |
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The Placement Shares will be listed and quoted on the Official List of the SGX-ST with effect from 9.00 a.m., 17 October 2013.
this is a very tricky counter. up and down
very fast.
don't take $0.63 cents placement price as
a reference to buy.
years back, placement price was $0.80 cents
and it was forced down to $0.50 not long after.
Expected some force selling tomorrow....can tikam.if below.55cents
RH Petrogas - A Shot Of Adrenaline
so volatile...an opportunity to make also.
Congrats to those vested.
Two days after the 13% gain on Monday before RH Petrogas called for a trading halt, group proposed a private placement of 116m new shares @ $0.63/share, a discount of 9.5% to VWAP on last trading day, through UOB Kay Hian as agent. New shares will represent 18.9% of existing issued share capital and will be increased to 731.3m shares. 90% of net proceeds of $70.2m will be used to fund expenses in relation to exploration, development or production activities of Salawati Basin and Salawati Island and the balance of the net proceeds for the general working capital. Counter will commence trading at 9am.
PROPOSED PLACEMENT OF UP TO 116,000,000 NEW ORDINARY SHARES IN THE
CAPITAL OF RH PETROGAS LIMITED AT A PLACEMENT PRICE OF S$0.63 PER SHARE
The Placement Shares
The Placement Shares will be placed by the Placement Agent to institutional investors pursuant to
Section 274 of the Securities and Futures Act (Cap 289) of Singapore, and/or accredited investors
pursuant to Section 275 of the Securities and Futures Act (Cap 289) of Singapore.
Use of Net Proceeds
The Company intends to allocate and utilize i) up to 90% of the Net Proceeds to fund the operating
expenditure and capital expenditure in relation to exploration, development or production activities
of Salawati Basin and Salawati Island and (ii) the balance of the Net Proceeds for the working
capital requirements of the Group.
Pending the deployment of the proceeds for the purposes mentioned above, the Net Proceeds may
be deposited with banks and/or financial institutions, invested in short-term money markets and/or
marketable securities, or used for any other purpose on a short-term basis, as the Directors may, in
their absolute discretion, deem appropriate in the interests of the Group.
Didn't find any announcement from SGX website, where you got this news from?
Msia-listed Sona Petroleum could buy a stake in RH Petrogas via a share placement.
at last, halt trading.
Is rh petrogas the largest oil produce in sgx ?? 4500barrels per day...oil up $10 since last year...extra revenue and and profit will be 4500*10*365days
Picked.up some at 62.5 after a long wait of 58 never fulfill....bet for zircon report tonight or soon...prepare for long till 2015...
RH Petrogas (RHP) will issue 116m new shares, at SGD0.63/share, to a group of institutional investors, raising USD56m to fund drilling activities in the Basin and Island PSCs, which we expect to accelerate in FY14.
■ RHP should trade at SGD0.98 for today?s assets
Based on our assessment of RHP?s 2P reserves and 2C contingent resources, RHP should trade at SGD0.98 today (post-placement) to reflect the market value of its reserves and resources.
