Oil and gas

Atleast they have cash flow and asset. These value can help them in purchase of anasuria and continue their ong expansion.

Oh .. u say the business model u hating... but just to say, they are a bit different than others. They do take riskier choice, they may also do the opposite than all other big boys in their industry. But reminder to you is that they are not big boys. If risk is not taken in then there may be no tomorrow. Small company could not compete if they taken conservative approches. So i kinda agree with what they have done. Taking risk at time of crisis. As long as in the end of the day investment do returns.

Hmm i guess their hate to this counter is not for money (or for money if they are hired). Making people confuse in the conversation is their only goals. Weird why so many people wan us to sell... either hatred or ... they are planing for something behind. One more reason i supposed ... is just being stupid.

Please attach your news with url. We do not know who are you and why to trust u with few words like that kaki sailang.

Commenter plese beware and not to be so racist to comment about the management being indian. This is an insult. Business has nothing to do with race. Shame on you guys.

Actually quite possible that they announcing the drilling. On 2nd nov they reached 1008m and the target was 1800m and they announced on 3rd that they will dig the section on 4th nov. Which they think the oil subsides .... so if announce today it maybe that is the drilling progress

I wonder what they get from asking people not to buy. Maybe discuss abit why exactly not to buy with strong proof. People may be interested to listen. Others can decide themselvesto buy or not. Keep it constructive.

Someone has to spout negative comments each time ... just come comment negative and go ...

Yes it is true

But wont be

0.10 .. maybe another big short sell

Hmm too many speculators with no hint what they are doing. Dun blame them for that. They are just following leads.

Official news was not out ... so u affirm it is bad news even before it released. Prophecy?

There is no easy formula to compare apple to apple for any two different company value

3biliin unit vs 980mil unit traded

Share market long being manipulate... every counter also is the same ... share market value is not equal to the value of asset in real world.

Should be today?

Well i din buy at .34 but i think the comments are irrational. Its up to the operator,insider .... etc etc to push or margin force sell(again). There may not be 0.10xxx for you to collect.

Peanut oil is good ... but we are talking about inedible type of oil. Need to get antispam for these peanut oil thing.

Bank is working on placement because of anasuria projects seems like getting more than selling.

Oil dun fails they just fall(in price)

Most people who wanna sell should have sold off... some left behind may also selling. But if you say force ... u have to be better than that.

Hmm ... have not completed yet. Result still unknown.

kaki_sailang tomorow another BIG day for force sell... beware

This one*

Kaki sailang getting info from?

Since the announcement at 2nd november there is no result from drilling

How do you know? Prophecy? Oracle?

Its hard reading using mobile... some sentence are misinteprete. Well nobody reacts to my comment anyways

Section ...

We also wish to highlight that:

1. the Company, via its subsidiary in Australia and jointly-controlled entity in Norway, is currently drilling two wells as announced on 16 and 26 October 2015, and further updated on 2 November 2015 for the Australian well. As at the current time, there are no results of a price sensitive nature from both these wells that are available to the Company. With regard to our drilling programme offshore Australia, we only anticipate to commence drilling into the reservoir section of the well on 4 November 2015 and we will make the necessary disclosures as soon as reliable results are available; and

2. the Company believes that there may be some shareholders who have been subject to margin calls on shares that have been collateralised and are being asked to regularise their margin positions.

My bad .. they commence second drilling tomorrow not complete

Hmm on what basis they will be more selling... these speculation like coming from nowhere...

What is keeling stock?

Tomorrow also is the day they finish digging the australian rig. Lets speculate

Doesnt seem to be financial distress. So pn17 applicable?

Klg?

Somehow share price is just paper value. It doesnt tell the true value of the company. People manipulate market to earn money has become normal to this society.

So did u sell?

Buy in more?

Brent ... now usd 48

The Australian project is even earlier then the result of the purchase. (West seahorse)

Thanks

Is deep sea or shallow sea. I think the north sea is deep sea rig. The cost could be alot.

Of course in short term nothing good for goreng. But they have increase their value by getting this asset too. They may be undervalue or overvalue. Nobody knows let the appropriate person value them only you know. Investment is risk and not a sure gain.

If drilling they have lower costs means cheaper. Oil make their cost lower not? Buying interest at this price of oil also cheaper due to valuation also base on the oil price? Based on this judgement should be cheap buy. If the oil price were to increase one day, what are the value of the money u invested.

Probably this announcement

http://english.ahram.org.eg/NewsContent/3/12/136891/Business/Economy/Egypt-awards-five-oil-and-gas-concessions-worth--m.aspx

http://timesofoman.com/article/31434/Business/-Masirah-Oil-strikes-oil-at-second-well

http://www.epcsolutions.co/news/112-early-well-test-completed.html

Is this the oman block 50?

Should be able to cope earlier loss due to collapse of the share price

Still have to wait. The value is big but it is not time yet. At least till end of year only to know the result.