Mirach Energy   

Half price compared with last April

是 meh.  不 是 我 的 我 也 要 。

ynnek1267      ( Date: 30-May-2013 15:27) Posted: 是 你 的 就 是 你 的 ， 不 是 你 的 就 不 是 你 的 。 Octavia      ( Date: 30-May-2013 15:08) Posted: Hmm....miss the opportunity

 

Rumour said they found oil. Most likely like Interra resource,

 

是 你 的 就 是 你 的 ， 不 是 你 的 就 不 是 你 的 。

Octavia      ( Date: 30-May-2013 15:08) Posted: Hmm....miss the opportunity. luketoh      ( Date: 30-May-2013 15:04) Posted: Up More than 100%...what is happening?

 

Likely struck Oil Big Time.

  They have been testing and drilling in Indonesia and Cambodia but no results last few years .. 

Good luck to those vested  

luketoh      ( Date: 30-May-2013 15:04) Posted: Up More than 100%...what is happening?

 

Hmm....miss the opportunity.

luketoh      ( Date: 30-May-2013 15:04) Posted: Up More than 100%...what is happening?

 

Up More than 100%...what is happening?

 

Mirach Energy Limited said on Monday that it has signed an agreement with Indonesia ‘s state-owned oil and gas company, Pertamina, to jointly operate the Kampung Minyak Field in South Sumatra . The agreement grants Mirach the rights to conduct development and production activities for the next 15 years.

http://sgsharemarket.com/home/2011/07/singapore-company-highlights-12072011/?=Mirach

 

 

I am initiating a new position in China Petrotech.  I think there's only one analyst covering the stock.  He sites as positives:  rights to 42% interest in Kamundan Energy which has potential to add .17-.22 to NAV, in addition to .80-90 from its Cambodia offshore concession.  So it's trading at .5X NAV which is a pretty nice discount.  Even on an earnings basis at 10X estimated PER, it's fairly cheap. As an S-share, it looks like a good time to invest since these are all hot right now.  Technically I would say that it is still in a negative consolidation that has lasted on and off since April 06 but I would note that it's quite close to reversing that state into POSITIVE momentum.  Should this happen I think a very big rerating is possible.  The upside outweighs the downside vastly in my opinion and I would recommend buying ahead of the technical rally.  My medium term target is a break out to .85.  I think resistance at .70 should be easily overcome.

 

well, I will not keep it for too long but if it is good than will consider keeping for more than a week.

 

Is this stock meant for short term or long term hold?

 

heard that china market going down next week. Very worried. Should we hold on to it and when will it start to cheong??? anyone???

 

KIm Eng targets $0.66!!!!!!!!!CHEONG AH!!!!!!!!!!!

Raising Target to S$0.66, maintain Buy

In addition to the US$420,000 capitalisation, first-year project development

costs are estimated to be US$2.4m of which CP?s stake is 42%. Discounting the

20-year output based on the production sharing agreement, recoverable

reserves and extraction costs, we estimate that this contract can add another

17-20 cts per share. This is in addition to our earlier estimate of a 80-90 cts per

share that it can derive from its Cambodia offshore concession. However, we

are still not factoring in this sum revaluation potential of around $1.00 per share

into our target price. But given this strong upside potential, we are raising our

target on CP to S$0.66 per share, from S$0.60 previously. This is based on a

PER of 14x that is in line with other Singapore-listed China peers, and akin to

valuations of global oil companies. We maintain our Buy recommendation.

 

Dear HOTSTOCK,

ChinaPetro is like you (hotstock),tomorrow will cheong up 0.55cts .Hear said HL Ooi is interested in this counter.market talk sometime is better .

Good luck to all .

 

Another contract in the bag and now in Indonesia. Buy now unless you want to miss the boat. Imagine if the big guns called for a buy on this and what will happen? Pigs fly

 

Hi,

 

Load now while it is still cheap. The confirmation from cambodia site confirms the right move.

 

Hulumas. I got nothing to say, you are really a wise guy.

 

It is in active, ongoing negotiations for oil and gas contracts in Indonesia and China.



The big surge yesterday is very positive. Resistance around $0.51-$0.515. If this is broken, it may go up to around $0.55.

 

Dear Singaporegal,

You just miss its strong FA perspective point of view. By the way, market has timely reacted accordingly, so exeeding Sgd. 0.50 would not a big problem and so on...

 

Hi Humulas,

Why do you say that? The price has been steadily downtrending for many months now.

 

Dear Singaporegal,

Particularly to this counter, the TA reading is as such mostly misreading. I am afraid, I think otherwise!! The share price will easily jump to above Sgd.0.48 in a few days.