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Still no sight of partner 😬
Hmmm, who got financial muscle to take it private and develop the Cambodia oil block 😞 . How urgent does the cambodia gahmen want Kris to start ?
There is a possibility of going private. to stop the shortists from attacking. That is why so many counters good or bad are all delisting.
Oops copy pasted wrongly.
Anyway ya! Lame right.. but I also noticed probably at higher oil prices, buyers have lower bargaining power. But at lower oil prices where supply is excessive, and cheap to choose, buyers can demand anything they want. And from buyer pov, I would rather go for oil that's higher grade, since cheap anyway.
That's when kris got beaten down even more. And this actually meant inherently the grade of their oil (asset quality) could be questionable.... with macro showing oil going down abit again, makes it worse for the company now.
Then couple with the executive directors and old Guards leaving, which we all (or at least I) thought they would bring about the same result as they did with their previous o&g company, I know kris is goner probably. If Cambodia assets, and wassanna ramp up is gonna help the firm, why would they leave? Kris is already beaten down so much, so any form of positive news is gonna help boost stock price, but why would they leave? Maybe perhaps, kris will never reach 60cents again. Maybe retirement? Haha.
sheerluck ( Date: 19-Apr-2017 18:08) Posted:
The buyer unfamiliar with the grade is the one that I find lame. Buyer unfamilar with the product is the buyer' s problem. Why must the seller KRIS grant them a discount on the basis of unfamiliarity. So tml I go shopping tell shop owner I am unfamiliar with their products so they must give me discount? Very lame.
By the way, your Q2 is a duplicate of Q1, I checked their Q2. The impurities issue wasn' t mentioned there. You can verify.
jerryberry ( Date: 19-Apr-2017 18:00) Posted:
Sorry for spamming, twice actually. both 1Q16 and in 2Q16. maybe the situation afterwards is much better, but nobody really asked them before. The discount is still there. Maybe buyers are unfamiliar like they said but still it says quite alot about the quality.
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The buyer unfamiliar with the grade is the one that I find lame. Buyer unfamilar with the product is the buyer' s problem. Why must the seller KRIS grant them a discount on the basis of unfamiliarity. So tml I go shopping tell shop owner I am unfamiliar with their products so they must give me discount? Very lame.
By the way, your Q2 is a duplicate of Q1, I checked their Q2. The impurities issue wasn' t mentioned there. You can verify.
jerryberry ( Date: 19-Apr-2017 18:00) Posted:
Sorry for spamming, twice actually. both 1Q16 and in 2Q16. maybe the situation afterwards is much better, but nobody really asked them before. The discount is still there. Maybe buyers are unfamiliar like they said but still it says quite alot about the quality.
sheerluck ( Date: 19-Apr-2017 17:40) Posted:
Not bad. Can still back up your assertion. The impurities was only mentioned once in 2016Q1. But all other reasons given seems lame.
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Sorry for spamming, twice actually. both 1Q16 and in 2Q16. maybe the situation afterwards is much better, but nobody really asked them before. The discount is still there. Maybe buyers are unfamiliar like they said but still it says quite alot about the quality.
sheerluck ( Date: 19-Apr-2017 17:40) Posted:
Not bad. Can still back up your assertion. The impurities was only mentioned once in 2016Q1. But all other reasons given seems lame.
jerryberry ( Date: 19-Apr-2017 14:54) Posted:
New business plan (Full year 2016)
Pursuant to the new business plan, we intend to increase our operational focus on development and production activities in the Gulf of Thailand, including Cambodia. The Gulf of Thailand is an area of particular expertise for the Group and we operate three concessions containing near-term oil developments, thereby giving us control in terms of timing, development concept and allocation of capital.
Specifically, we intend to concentrate on the further development of the G10/48 Wassana oil field, and development of G6/48 and Cambodia Block A oil fields, all of which are operated by KrisEnergy, and all of which have multiple low-risk development opportunities with significant exploration upside. These developments will be core to our strategy in order to generate free cash flow from operations and provide for the repayment of our debt obligations beginning in 2022.
how?
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_FY2016%20Results%20Announcement_vF.pdf
3Q16
The average realised crude oil and liquids sales price in 3Q2016 was US$35.61 per barrel (" bbl" ), 8.2% higher than the preceding quarter (2Q2016: US$32.90/bbl), but 26.5% lower than the same period last year (3Q2015: US$48.48/bbl). The reduction in the average crude oil selling price reflected movements in global benchmark markets, which also affected in the average realised gas price achieved at the B8/32 & B9A fields in the Gulf of Thailand, which was US$3.31 per thousand cubic feet (" mcf" ) in 3Q2016, 19.3% lower than a year ago (3Q2015: US$4.10/mcf).
Still not in tandem with brent oil, even though wassana was the catalyst supposedly to bring growth
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_3Q2016%20Results%20%5BFinal%203Nov16%5D.pdf
2Q16
The average realised price for oil and liquids in 1Q2016 declined 60.8% to US$20.85 per barrel (" bbl" ) (1Q2015: US$53.20/bbl) due to lower benchmark oil prices, a widening in the spread between Brent and Dubai crudes and the discount for Wassana crude due to buyer unfamiliarity with the grade in the spot market as well as elevated levels of impurities.
Still not in tandem with brent oil, even though wassana was the catalyst supposedly to bring growth
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd%201Q2016%20Results%2013May2016.pdf
1Q16
The average realised price for oil and liquids in 1Q2016 declined 60.8% to US$20.85 per barrel (" bbl" ) (1Q2015: US$53.20/bbl) due to lower benchmark oil prices, a widening in the spread between Brent and Dubai crudes and the discount for Wassana crude due to buyer unfamiliarity with the grade in the spot market as well as elevated levels of impurities.
Not in tandem with brent oil.
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_3Q2016%20Results%20%5BFinal%203Nov16%5D.pdf
Full year 2015
Revenue for FY2015 amounted to US$60.2 million, a 19.7% reduction from FY2014 (US$74.9 million) and despite the continued fall in global oil prices, which on average were 46.2% lower in 2015 (US$53.52 per barrel (" bbl" )) from the previous year (FY2014: $99.45/bbl). We recognised higher production as a result of the Nong Yao and Wassana oil fields coming on stream in June and August 2015, respectively.
In line with the ramp up in production associated with the Wassana and Nong Yao oil fields in the last half of the year, Group lifting costs for FY2015 increased 30.2% to US$8.49 per barrel of oil equivalent (" boe" ) compared with US$6.52/boe in FY2014.
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which other reasons are lame? U mean the executive directors part?
sheerluck ( Date: 19-Apr-2017 17:40) Posted:
Not bad. Can still back up your assertion. The impurities was only mentioned once in 2016Q1. But all other reasons given seems lame.
jerryberry ( Date: 19-Apr-2017 14:54) Posted:
New business plan (Full year 2016)
Pursuant to the new business plan, we intend to increase our operational focus on development and production activities in the Gulf of Thailand, including Cambodia. The Gulf of Thailand is an area of particular expertise for the Group and we operate three concessions containing near-term oil developments, thereby giving us control in terms of timing, development concept and allocation of capital.
Specifically, we intend to concentrate on the further development of the G10/48 Wassana oil field, and development of G6/48 and Cambodia Block A oil fields, all of which are operated by KrisEnergy, and all of which have multiple low-risk development opportunities with significant exploration upside. These developments will be core to our strategy in order to generate free cash flow from operations and provide for the repayment of our debt obligations beginning in 2022.
how?
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_FY2016%20Results%20Announcement_vF.pdf
3Q16
The average realised crude oil and liquids sales price in 3Q2016 was US$35.61 per barrel (" bbl" ), 8.2% higher than the preceding quarter (2Q2016: US$32.90/bbl), but 26.5% lower than the same period last year (3Q2015: US$48.48/bbl). The reduction in the average crude oil selling price reflected movements in global benchmark markets, which also affected in the average realised gas price achieved at the B8/32 & B9A fields in the Gulf of Thailand, which was US$3.31 per thousand cubic feet (" mcf" ) in 3Q2016, 19.3% lower than a year ago (3Q2015: US$4.10/mcf).
Still not in tandem with brent oil, even though wassana was the catalyst supposedly to bring growth
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_3Q2016%20Results%20%5BFinal%203Nov16%5D.pdf
2Q16
The average realised price for oil and liquids in 1Q2016 declined 60.8% to US$20.85 per barrel (" bbl" ) (1Q2015: US$53.20/bbl) due to lower benchmark oil prices, a widening in the spread between Brent and Dubai crudes and the discount for Wassana crude due to buyer unfamiliarity with the grade in the spot market as well as elevated levels of impurities.
Still not in tandem with brent oil, even though wassana was the catalyst supposedly to bring growth
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd%201Q2016%20Results%2013May2016.pdf
1Q16
The average realised price for oil and liquids in 1Q2016 declined 60.8% to US$20.85 per barrel (" bbl" ) (1Q2015: US$53.20/bbl) due to lower benchmark oil prices, a widening in the spread between Brent and Dubai crudes and the discount for Wassana crude due to buyer unfamiliarity with the grade in the spot market as well as elevated levels of impurities.
Not in tandem with brent oil.
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_3Q2016%20Results%20%5BFinal%203Nov16%5D.pdf
Full year 2015
Revenue for FY2015 amounted to US$60.2 million, a 19.7% reduction from FY2014 (US$74.9 million) and despite the continued fall in global oil prices, which on average were 46.2% lower in 2015 (US$53.52 per barrel (" bbl" )) from the previous year (FY2014: $99.45/bbl). We recognised higher production as a result of the Nong Yao and Wassana oil fields coming on stream in June and August 2015, respectively.
In line with the ramp up in production associated with the Wassana and Nong Yao oil fields in the last half of the year, Group lifting costs for FY2015 increased 30.2% to US$8.49 per barrel of oil equivalent (" boe" ) compared with US$6.52/boe in FY2014.
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Not bad. Can still back up your assertion. The impurities was only mentioned once in 2016Q1. But all other reasons given seems lame.
jerryberry ( Date: 19-Apr-2017 14:54) Posted:
New business plan (Full year 2016)
Pursuant to the new business plan, we intend to increase our operational focus on development and production activities in the Gulf of Thailand, including Cambodia. The Gulf of Thailand is an area of particular expertise for the Group and we operate three concessions containing near-term oil developments, thereby giving us control in terms of timing, development concept and allocation of capital.
Specifically, we intend to concentrate on the further development of the G10/48 Wassana oil field, and development of G6/48 and Cambodia Block A oil fields, all of which are operated by KrisEnergy, and all of which have multiple low-risk development opportunities with significant exploration upside. These developments will be core to our strategy in order to generate free cash flow from operations and provide for the repayment of our debt obligations beginning in 2022.
how?
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_FY2016%20Results%20Announcement_vF.pdf
3Q16
The average realised crude oil and liquids sales price in 3Q2016 was US$35.61 per barrel (" bbl" ), 8.2% higher than the preceding quarter (2Q2016: US$32.90/bbl), but 26.5% lower than the same period last year (3Q2015: US$48.48/bbl). The reduction in the average crude oil selling price reflected movements in global benchmark markets, which also affected in the average realised gas price achieved at the B8/32 & B9A fields in the Gulf of Thailand, which was US$3.31 per thousand cubic feet (" mcf" ) in 3Q2016, 19.3% lower than a year ago (3Q2015: US$4.10/mcf).
Still not in tandem with brent oil, even though wassana was the catalyst supposedly to bring growth
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_3Q2016%20Results%20%5BFinal%203Nov16%5D.pdf
2Q16
The average realised price for oil and liquids in 1Q2016 declined 60.8% to US$20.85 per barrel (" bbl" ) (1Q2015: US$53.20/bbl) due to lower benchmark oil prices, a widening in the spread between Brent and Dubai crudes and the discount for Wassana crude due to buyer unfamiliarity with the grade in the spot market as well as elevated levels of impurities.
Still not in tandem with brent oil, even though wassana was the catalyst supposedly to bring growth
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd%201Q2016%20Results%2013May2016.pdf
1Q16
The average realised price for oil and liquids in 1Q2016 declined 60.8% to US$20.85 per barrel (" bbl" ) (1Q2015: US$53.20/bbl) due to lower benchmark oil prices, a widening in the spread between Brent and Dubai crudes and the discount for Wassana crude due to buyer unfamiliarity with the grade in the spot market as well as elevated levels of impurities.
Not in tandem with brent oil.
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_3Q2016%20Results%20%5BFinal%203Nov16%5D.pdf
Full year 2015
Revenue for FY2015 amounted to US$60.2 million, a 19.7% reduction from FY2014 (US$74.9 million) and despite the continued fall in global oil prices, which on average were 46.2% lower in 2015 (US$53.52 per barrel (" bbl" )) from the previous year (FY2014: $99.45/bbl). We recognised higher production as a result of the Nong Yao and Wassana oil fields coming on stream in June and August 2015, respectively.
In line with the ramp up in production associated with the Wassana and Nong Yao oil fields in the last half of the year, Group lifting costs for FY2015 increased 30.2% to US$8.49 per barrel of oil equivalent (" boe" ) compared with US$6.52/boe in FY2014.
sheerluck ( Date: 19-Apr-2017 14:03) Posted:
Prior to the oil price collapse, KRIS was selling oil at level similar to Brent Crude. So is this impurities issue a known fact? First time I hear this. Can you state your source?
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New business plan (Full year 2016)
Pursuant to the new business plan, we intend to increase our operational focus on development and production activities in the Gulf of Thailand, including Cambodia. The Gulf of Thailand is an area of particular expertise for the Group and we operate three concessions containing near-term oil developments, thereby giving us control in terms of timing, development concept and allocation of capital.
Specifically,
we intend to concentrate on the further development of the G10/48 Wassana oil field, and development of G6/48 and Cambodia Block A oil fields, all of which are operated by KrisEnergy, and all of which have multiple low-risk development opportunities with significant exploration upside. These developments will be core to our strategy in order to generate free cash flow from operations and provide for the repayment of our debt obligations beginning in 2022.
how?
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_FY2016%20Results%20Announcement_vF.pdf
3Q16
The average realised crude oil and liquids sales price in 3Q2016 was US$35.61 per barrel ("
bbl" ), 8.2% higher than the preceding quarter (2Q2016: US$32.90/bbl), but 26.5% lower than the same period last year (3Q2015: US$48.48/bbl). The reduction in the average crude oil selling price reflected movements in global benchmark markets, which also affected in the average realised gas price achieved at the B8/32 & B9A fields in the Gulf of Thailand, which was US$3.31 per thousand cubic feet ("
mcf" ) in 3Q2016, 19.3% lower than a year ago (3Q2015: US$4.10/mcf).
Still not in tandem with brent oil, even though wassana was the catalyst supposedly to bring growth
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_3Q2016%20Results%20%5BFinal%203Nov16%5D.pdf
2Q16
The average realised price for oil and liquids in 1Q2016 declined 60.8% to US$20.85 per barrel ("
bbl" ) (1Q2015: US$53.20/bbl) due to lower benchmark oil prices, a widening in the spread between Brent and Dubai crudes and the discount for Wassana crude due to buyer unfamiliarity with the grade in the spot market as well as elevated levels of impurities.
Still not in tandem with brent oil, even though wassana was the catalyst supposedly to bring growth
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd%201Q2016%20Results%2013May2016.pdf
1Q16
The average realised price for oil and liquids in 1Q2016 declined 60.8% to US$20.85 per barrel ("
bbl" ) (1Q2015: US$53.20/bbl) due to lower benchmark oil prices, a widening in the spread between Brent and Dubai crudes and the discount for Wassana crude due to buyer unfamiliarity with the grade in the spot market as well as elevated levels of impurities.
Not in tandem with brent oil.
https://www.krisenergy.com/default/assets/File/KrisEnergy%20Ltd_3Q2016%20Results%20%5BFinal%203Nov16%5D.pdf
Full year 2015
Revenue for FY2015 amounted to US$60.2 million, a 19.7% reduction from FY2014 (US$74.9 million) and despite the continued fall in global oil prices, which on average were 46.2% lower in 2015 (US$53.52 per barrel ("
bbl" )) from the previous year (FY2014: $99.45/bbl). We recognised higher production as a result of the Nong Yao and Wassana oil fields coming on stream in June and August 2015, respectively.
In line with the ramp up in production associated with the Wassana and Nong Yao oil fields in the last half of the year, Group lifting costs for FY2015 increased 30.2% to US$8.49 per barrel of oil equivalent ("
boe" ) compared with US$6.52/boe in FY2014.
sheerluck ( Date: 19-Apr-2017 14:03) Posted:
Prior to the oil price collapse, KRIS was selling oil at level similar to Brent Crude. So is this impurities issue a known fact? First time I hear this. Can you state your source?
jerryberry ( Date: 19-Apr-2017 10:13) Posted:
I already say last time. price now 0.16.
reason why oil price and their share price dont go in tandem, just look at their asset quality.
the oil they extract and sell, is always sold at a substantial discount to the brent oil price because of impurities.
with this in mind, i hope you guys know what to do.
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Prior to the oil price collapse, KRIS was selling oil at level similar to Brent Crude. So is this impurities issue a known fact? First time I hear this. Can you state your source?
jerryberry ( Date: 19-Apr-2017 10:13) Posted:
I already say last time. price now 0.16.
reason why oil price and their share price dont go in tandem, just look at their asset quality.
the oil they extract and sell, is always sold at a substantial discount to the brent oil price because of impurities.
with this in mind, i hope you guys know what to do.
jerryberry ( Date: 30-Mar-2017 10:37) Posted:
er... no. the executive directors whom were experienced O& G people, have all exited the firm. there must be a reason for that.
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hope it trades 50% lesser today in 2 months time. This is a worthless stock. Why do you think keppel wants the exe to leave their position if they are comfortable? Remember, keppel was forced into current situation. Is keppel even very experience to take on exploration themselves today?
http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/stockfacts?page=1& code=SK3& lang=en-us
Keppel Corp: 39.89%
TraderBen ( Date: 19-Apr-2017 11:08) Posted:
eh why i dun see keppel as their share holdings? only BNP paribas as the largest with 76%.
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sorry bnp and merill lynch with 38% each..
eh why i dun see keppel as their share holdings? only BNP paribas as the largest with 76%.
How sure can one be about the cambodia oil block they bought 😨 . Maybe that's why previous sub owners sold their share of the block to them ?
jerryberry ( Date: 19-Apr-2017 10:13) Posted:
I already say last time. price now 0.16.
reason why oil price and their share price dont go in tandem, just look at their asset quality.
the oil they extract and sell, is always sold at a substantial discount to the brent oil price because of impurities.
with this in mind, i hope you guys know what to do.
jerryberry ( Date: 30-Mar-2017 10:37) Posted:
er... no. the executive directors whom were experienced O& G people, have all exited the firm. there must be a reason for that.
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I already say last time. price now 0.16.
reason why oil price and their share price dont go in tandem, just look at their asset quality.
the oil they extract and sell, is always sold at a substantial discount to the brent oil price because of impurities.
with this in mind, i hope you guys know what to do.
jerryberry ( Date: 30-Mar-2017 10:37) Posted:
er... no. the executive directors whom were experienced O& G people, have all exited the firm. there must be a reason for that.
tanchingku ( Date: 30-Mar-2017 10:07) Posted:
May I know can go in to buy now ?
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CHUI-ED!!
right issue need to bring the price higher.. if not very bo hua..
No need, they have a few options to get the money (IMHO) one of which is to entice the warrant holders to exercise the warrant to mother shares..... can potentially raise S$120mil from there.........to do that, they need to push mother share high, high lor.....
