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Falcon ( Date: 17-Sep-2013 22:45) Posted:
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JarolLo ( Date: 17-Sep-2013 22:12) Posted:
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Tomorrow will know
alvinngsh ( Date: 17-Sep-2013 21:08) Posted:
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alvinngsh ( Date: 17-Sep-2013 21:08) Posted:
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alvinngsh ( Date: 17-Sep-2013 21:08) Posted:
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Octavia ( Date: 17-Sep-2013 21:03) Posted:
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The Board of Directors of Ramba Energy Limited (?Ramba? or the ?Company?) refers to the previous announcements released on 8 February 2011 and 5 July 2013 with respect to its interest in the Jatirarangon TAC (?Jatirarangon block?) located in Java, Indonesia.
The Board of Directors is pleased to announce that the Company has completed the deepening of the JRR-1 production well at 18:00 hours on 8 September 2013. The JRR-1 well has been deepened to a total depth of approximately 8,900 feet.
Well log analysis confirms the presence of hydrocarbons in the Upper and Lower Baturaja Formation as well as the Talang Akar Formation. The JRR-1 well has produced up to 5.5 MMSCFD of gas and 265 BOPD of oil since the completion of the deepening works.
The JRR-1 well is currently under observation. A full comprehensive extended well testing for other identified zones is expected to be carried out in the future by rigless operation for cost optimization. However, this is subject to regulatory approval.
The Company will make such further announcements to inform shareholders of any updates or developments at the Jatirarangon block.
Prev Close: 0.63
Open: 0.63
Bid: 0.62
Ask: 0.62
Day's Range: 0.62 - 0.63
52wk Range: 0.36 - 0.79
Volume: 5,585,000
Avg Vol (3m): 14,082,700
Market Cap: 210.57M
Hi Master Kelvin,
Quick Q. How you manage to buy Rowsley at 0.50 and out 0.57 today as the low for Rowsley today is @ 0.54? :P
jacelin84
sinarmas...wait till it brk 535,,,buy if not u can buy a bit now too 52/52,5..good luck.
this one wil make up your losses on ramba, though ramba may not be what i said, it could do a miracle,
it still got some chance.
kelvinLim123 ( Date: 10-Sep-2013 16:35) Posted:
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jacelin84 my dear,
look closely at informatic. i m waiting, this morning i bought rowsley 50..out 57. 30min trade.not bad profit.
sinarmas ,,if u do not mind, to enter now.
U are too naive to think we can influence the px action over here . U think we can buy million in one key.
this show u are really novice. U got to grow up.
we trade, day to day, we can hold a stock for even a few minute.
I think u are one who hold till coew jump over the moon.
u lose money, just cut loss.simple, and win the next one.
jacelin84 ( Date: 10-Sep-2013 08:54) Posted:
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I think if i am not wrong, that invester bought some few % only, i think 3% If I can remember so it is nothing to them.
the BB got way to hold down price to make their offer attractive.
I think we shd forget here, before those who vested at high think we are rubbing salt inot their woumd.
I was lucky to sell at 655 before halted.
ytoh1688 ( Date: 10-Sep-2013 10:46) Posted:
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Why is it trading below 65cts ?
I think if the value of a piecemeal co is worth 65cts, the value of the whole co should be worth lower.
ytoh1688 ( Date: 10-Sep-2013 10:46) Posted:
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the offer is only to buy up to 51%...nothing more. So it is not a conditional offer that will turn unconditional once it reaches 51% but really a partial offer only
Sugih is not buying the whole of Ramba...they just want 51% for control sake and they do not have the money (SGD 300 plus mil) I supposed to swallow up the whole thing
Why is it trading below 65cts is perplexing but there are a few upside longer term
A) a chinese investor bgt at 72cts in June if anyone remember. Its quite a hefty chunk. This chinese investor is quiet but i think its the top 20 investor in liongold corp. So this may come in to fight for ramba as it has proven oil reserve in lembang already
B) there is still a strategic review due by DMG & Co. They have to advice how to bring Ramba to the nxt stage of growth
C) As this is a partial offer, not sure if an independent advice to shareholders is necessary. If it is necessary, the upside is tt they may think 65cts is a force value ie cheap. They can combine B& C really
D) With the Rupiah down, there is likelyhood for someone to come and take the company and make a general offer.