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Keppel lend Kris at 15% per annum, best deal for Keppel
Krisenergy has already sunk. Can renamed as Crisisenergy. Shares are worthless. Even parent in trouble
Well, lets face the fact. Krisenergy is a sinking ship with its current debt. If there is no support for their restructuring proposal, everyone dies except the RCF bank. For me, as long as they can par down the rediculously high recovery level for ZCN holders from their initial proposal and increase the recovery level for the unsecured debt holders and existing shareholders, I will be happy, which they did so in their final proposal.
huangren ( Date: 08-Sep-2020 17:16) Posted:
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Final proposal doesn' t seem like a good deal, any views?
There is a whatsapp group chat for Krisenergy restructuring, If u r an unsecured noteholder and interested to join please let me know thanks
Any ZCN noteholders here? There may be a noteholder' s meeting in August, anyone wants to discuss before that?
As far as I know, there is not any whatsoever group chat has been initiated.
greenhappy ( Date: 19-Jun-2020 23:00) Posted:
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Anyone has any ideas is there a whatsapp group chat or telegram group for noteholders of Krisenergy for discussion ?
Anyone attending the virtual 2nd Informal Investor Meeting tomorrow? Can help to share any new questions raised to the Restructuring Proposal during the Q& A?
In particular, why was the ZCNs holder given such a high recovery rate (79% to 92%), given that in a liquidation senario, the expected returns is 0%, compared to the unsecured debt holders, whose recovery rate is expected to be 16% to 30%, where given in a liquidation senario, the expected returns is also 0%. Shouldnt the ZCN holders also be given a substantial impairment on the debt to equity, though as ZCN are secured debt, they should have a higher recovery than the unsecured debt holders.
I am not a security holder of the warrents and ZCNs, so I cant attend the session or raise questions.
In particular, why was the ZCNs holder given such a high recovery rate (79% to 92%), given that in a liquidation senario, the expected returns is 0%, compared to the unsecured debt holders, whose recovery rate is expected to be 16% to 30%, where given in a liquidation senario, the expected returns is also 0%. Shouldnt the ZCN holders also be given a substantial impairment on the debt to equity, though as ZCN are secured debt, they should have a higher recovery than the unsecured debt holders.
I am not a security holder of the warrents and ZCNs, so I cant attend the session or raise questions.
great! my fav counter...
Guards, pm me when u load up...
Guards, pm me when u load up...
guards80 ( Date: 02-May-2020 15:24) Posted:
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" Due to uncertainties over production from the Khmer basin, the Apsara development is being phased to mitigate risk and provide time for compiling and analyzing data..."
What probable risk ?
What probable risk ?
good if can resume trading then can hoot liaoz :P
moron101 ( Date: 02-May-2020 15:21) Posted:
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Can resume trading liao 👍 👍 .
guards80 ( Date: 02-May-2020 14:00) Posted:
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KrisEnergy secures loan for Apsara oil project offshore Cambodia
KrisEnergy (Apsara) and KrisEnergy (Cambodia) have entered a credit facility agreement with Kepinvest Singapore covering a loan of up to $87 million.
Offshore staff
SINGAPORE &ndash KrisEnergy (Apsara) and KrisEnergy (Cambodia) have entered a credit facility agreement with Kepinvest Singapore covering a loan of up to $87 million.
This will be used to help fund development of parent group KrisEnergy&rsquo s offshore Cambodia block A Apsara oil and gas field development in the Khmer basin of the Gulf of Thailand.
A minimum facilities wellhead platform is currently under construction. Due to uncertainties over production from the Khmer basin, the Apsara development is being phased to mitigate risk and provide time for compiling and analyzing data.
If further phases of the development do proceed, KrisEnergy anticipates peak production is expected between 2024 and 2026.
The present Mini Phase 1A is designed to incur minimum costs to first oil and comprises the mini-platform and five initial development wells connected to the Ingenium II production barge for oil, gas and water processing.
At least two of the five wells will target fault blocks where exploration wells were successful.
Mini Phase 1A is expected to deliver first oil later this year, building to 7,500 b/d.
http://www.offshore-mag.com/field-development/article/14175159/krisenergy-secures-loan-for-apsara-oil-project-offshore-cambodia
Ya lor, this one can close chapter already, no need to see. Be surprised if any banker want to talk to them after WTI futures hit -37.
TraderBen ( Date: 09-Mar-2020 06:45) Posted:
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https://asia.nikkei.com/Business/Companies/KrisEnergy-fights-debt-load-to-keep-Cambodian-oil-project-on-track
" Singapore-listed KrisEnergy is fending off creditors on multiple fronts as the upstream oil company fights to keep its Cambodian ambitions on track."
" Singapore-listed KrisEnergy is fending off creditors on multiple fronts as the upstream oil company fights to keep its Cambodian ambitions on track."
When storage are all filled, demand dry up and the pump will stop.
some country has finally acheive what they set out to do by dumping to fill up their competitor storage space.
all storage going full at their competitor critical storage location so their competitor cannot pump out anymore.
smart move but may be counter later by anti dumping actions later. maybe other actions will also follows...
all storage going full at their competitor critical storage location so their competitor cannot pump out anymore.
smart move but may be counter later by anti dumping actions later. maybe other actions will also follows...
https://www.google.com/amp/s/markets.businessinsider.com/amp/news/us-crude-oil-wti-falls-to-21-year-low-1029106364
"Oil plunges 321% into negative territory for the first time ever as demand evaporates"
"Oil plunges 321% into negative territory for the first time ever as demand evaporates"
This latest oil crash is the final
Nail in the coffin for kris. Burnt a huge hole in my pockets. 400 lots at 0.1238. This amount of money can buy me good blue chips now. Fml.
Nail in the coffin for kris. Burnt a huge hole in my pockets. 400 lots at 0.1238. This amount of money can buy me good blue chips now. Fml.