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This boy (Kris) is going big, very big. Deploying oil rigs in Thailand. If go according to plans, it's Thailand oil field will contribute greatly to its revenue in 2015.
3 cornerstone investors, including Keppel Corp, Capital International Group and Thailands Palang Sopron O & G players.
Rocket up baby, seeing 90 cent SOON !!
There's buying pressure building up for Kris Energy. Loyz is another. WATCH FOR ACTION *Kris Akan Datang*
After the huge run-up in Mirach Energy
81c supported ..,,, r u ready 4 purple rain ???
First Reserve major shareholder of Krisenergy, seem like a strong one. See it portfolio
https://www.firstreserve.com/go.asp?Go=!SiteStation& x=TPLGen& ResType=Folder& ResID=631& TPL=PortfolioFolderTemplate.htm
It may cont to move up
spore1 ( Date: 27-May-2014 21:05) Posted:
Kris energy has a stellar performance today and closed well at 79 cents.
more likely to head higher.
sporeshare.blog spot.sg/2014/05/kris-energy.html
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From The Motley Fool ... Kris Energy is 31% owned by Keppel Corp as one of the largest shareholder. Its Gulf of Thailand field will be a major contributing centre of revenue if and when production start next year and once into full production. It has a much diversified Oil & Gas exploration covering nearly 20 potential fields over several continents.
Link
http://www.fool.sg/2014/05/27/why-krisenergy-jumped-6-today/
DYODD
Kris energy has a stellar performance today and closed well at 79 cents.
more likely to head higher.
sporeshare.blog spot.sg/2014/05/kris-energy.html
Think market favour E& P coy whose name started with " R" . Maybe KRIS should change name to RIS. Probably run twenty miles ahead of R& R.
I hope Kris will take off her heels and dressing, put on sport gear and running shoes. What are you waiting for Kris?
Okay, Thanks. I was expecting a KRIS to turn in a small profit when their Vietnam field starts production starting next year but perhap lumpy capex and financial cost might just overwhelm it.
AddLuck ( Date: 27-May-2014 16:08) Posted:
poring thru theirIPO prospectus, i think G 10/48 is an additional field.....more of an opportunity buy. The profit of $20- $30/ barrel includes capex capitalisation......rough calculation seems to say no profit till 3rd quarter ' 15 if things go well and without delay to EPC of wells.
sheerluck ( Date: 27-May-2014 15:34) Posted:
That' s the reason why I only estiamte the reveune becos capex can be lumpy and profit can swing widely between quarters. They will actually be left with only $20mil based on last quarter cash balance of $120mil. They estimated $200mil for capex this year so pretty obvious there isn' t going to be enough cash to go around. Oso dunno know if this G10/48 acquisition is additonal or not. Fund-raising is expected.
This $20-$30/barrel profit estimate, is it with capitalisation of capex?
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This Kris act like 'Cha-Bo' so gentle while RH Petrogas almost doubled in value and Rex chiong over 15% in just days.
poring thru theirIPO prospectus, i think G 10/48 is an additional field.....more of an opportunity buy. The profit of $20- $30/ barrel includes capex capitalisation......rough calculation seems to say no profit till 3rd quarter ' 15 if things go well and without delay to EPC of wells.
sheerluck ( Date: 27-May-2014 15:34) Posted:
That' s the reason why I only estiamte the reveune becos capex can be lumpy and profit can swing widely between quarters. They will actually be left with only $20mil based on last quarter cash balance of $120mil. They estimated $200mil for capex this year so pretty obvious there isn' t going to be enough cash to go around. Oso dunno know if this G10/48 acquisition is additonal or not. Fund-raising is expected.
This $20-$30/barrel profit estimate, is it with capitalisation of capex?
AddLuck ( Date: 27-May-2014 15:08) Posted:
Very optimistic calculation indeed ( paragragh 2)......just to note.....for every barrel of oil sold... approximate profit is about $ 20- $30/ barrel ( if sold at $100).....rest go to oil lifting cost, royalties. taxes etc,ect. You can calculate from there.From today' s announcement, capital left is about $ 40 mil.......hence, need to issue mid term note(MTN - $500 mil) for more capex. I did not go into indepth calculation for this counter but I did for REX.
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That' s the reason why I only estiamte the reveune becos capex can be lumpy and profit can swing widely between quarters. They will actually be left with only $20mil based on last quarter cash balance of $120mil. They estimated $200mil for capex this year so pretty obvious there isn' t going to be enough cash to go around. Oso dunno know if this G10/48 acquisition is additonal or not. Fund-raising is expected.
This $20-$30/barrel profit estimate, is it with capitalisation of capex?
AddLuck ( Date: 27-May-2014 15:08) Posted:
Very optimistic calculation indeed ( paragragh 2)......just to note.....for every barrel of oil sold... approximate profit is about $ 20- $30/ barrel ( if sold at $100).....rest go to oil lifting cost, royalties. taxes etc,ect. You can calculate from there.From today' s announcement, capital left is about $ 40 mil.......hence, need to issue mid term note(MTN - $500 mil) for more capex. I did not go into indepth calculation for this counter but I did for REX.
sheerluck ( Date: 21-May-2014 21:57) Posted:
I was expecting KRIS Q1 to turn in a small profit because its production increased from 3k boepd to 8k boepd. But the financial cost for redeeming the bond is higher than I expected. Anyway, that' s good since it means goiing forward, its financial cost should be lower.
It just annouced buying the remaining working interest for G10/48 for US$100mil. This deal seems good as they expected production of 10k barrel of oil per day to start in 2015H2. However, 10k is expected peak so lets discount it by 20% and they need to allow a local Thai firm a 10% working interest if they want to participates so let assume 70k barrel per day belongs to KRIS then. Now for a quarter that equates to an additional revenue of US$ 63mil (90 days x 7k barrel x US$100) on top of their current US$21mil.
In addition, they have one vietnam oil field coming into production by the beginning of 2015. This one is expected to add 3.3k barrel of oil so I expect 2015 Q1 reveune to be around US$54mil (US$33 from new oil field + US$21mil from existing oil field) in total and Q2 to be around US$117mil.
Given their capex this year, I believe they will still be loss-making but come next year, they should turn in some pretty decent profit ssuming no capex. Of course they will have capex but we only know what it is when they release their AR2014.
One thing good about KRIS is that it generate cash to partly fund their activities and it has revenue visibility.
DYDD. 
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Very optimistic calculation indeed ( paragragh 2)......just to note.....for every barrel of oil sold... approximate profit is about $ 20- $30/ barrel ( if sold at $100).....rest go to oil lifting cost, royalties. taxes etc,ect. You can calculate from there.From today' s announcement, capital left is about $ 40 mil.......hence, need to issue mid term note(MTN - $500 mil) for more capex. I did not go into indepth calculation for this counter but I did for REX.
sheerluck ( Date: 21-May-2014 21:57) Posted:
I was expecting KRIS Q1 to turn in a small profit because its production increased from 3k boepd to 8k boepd. But the financial cost for redeeming the bond is higher than I expected. Anyway, that' s good since it means goiing forward, its financial cost should be lower.
It just annouced buying the remaining working interest for G10/48 for US$100mil. This deal seems good as they expected production of 10k barrel of oil per day to start in 2015H2. However, 10k is expected peak so lets discount it by 20% and they need to allow a local Thai firm a 10% working interest if they want to participates so let assume 70k barrel per day belongs to KRIS then. Now for a quarter that equates to an additional revenue of US$ 63mil (90 days x 7k barrel x US$100) on top of their current US$21mil.
In addition, they have one vietnam oil field coming into production by the beginning of 2015. This one is expected to add 3.3k barrel of oil so I expect 2015 Q1 reveune to be around US$54mil (US$33 from new oil field + US$21mil from existing oil field) in total and Q2 to be around US$117mil.
Given their capex this year, I believe they will still be loss-making but come next year, they should turn in some pretty decent profit ssuming no capex. Of course they will have capex but we only know what it is when they release their AR2014.
One thing good about KRIS is that it generate cash to partly fund their activities and it has revenue visibility.
DYDD.
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Sleeping Beauty 😋 wake up.
NO $1 I NO SELL
Up 2 cents today already. Hope to see it rocket up to 80c this week.
....." loitering" for more than 3 months already..... time to go up?
RoundRound ( Date: 23-May-2014 17:16) Posted:
It's a 68c to 84c band trading range for the last two months. Hope next week can break 80c and rocket up
sjZheng ( Date: 23-May-2014 17:11) Posted:
| If can go up more better le. Not down up down up can liao |
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It's a 68c to 84c band trading range for the last two months. Hope next week can break 80c and rocket up
sjZheng ( Date: 23-May-2014 17:11) Posted:
| If can go up more better le. Not down up down up can liao |
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If can go up more better le. Not down up down up can liao
