NuEnergy signs agreement to explore CBM in Mozambique


http://connection.ebscohost.com/c/articles/92639470/nuenergy-signs-agreement-explore-cbm-mozambique

Next year already RM2.. u will hesitate to buy then.... hahehihohu

http://dy1k0r3mpgvj5.cloudfront.net/files/NGY/NGY20100401.swf

nuenergy cbm gas exploration and drilling.... data in detailed

just like bro anbz says...

ENJOY !!!

Drilling in Q1 2015

So what is the plan moving forward?

Firstly, as the team has conducted seismic studies over the last one year and secured all required approvals, drilling can start almost immediately.

The team also has identified a few sweet spots.

Kee says the immediate plan will be to drill 3 wells in Muara Enim 2, and 3 wells in Rengat, starting from the first quarter of 2015.

“The PSC for Muara Enim is right smack in the middle of Australian based Santos and Darts Corp. Many wells have been drilled in the area for conventional oil, hence there are extensive data available to us. We are in an area where CBM wells have been drilled,” says Kee.

He adds that in the past, over 1,500 wells have been drilled in this basin for oil. The oil reservoir is a lot deeper than the targeted coal layers,” says Kee.

NGY drilled 3 wells in Muara Enim II previously with encouraging results.

“We are very confident to achieve even better success with the combination of our experience in CBM and local knowledge from NGY.

“If the wells we drill in the first quarter of 2015 are a success, it can be a pilot program within the next 6 to 12 months,” explains Kee.

On another important note, Kee points out that they can sell the gas at the range of US$7.50 to US$10 per mmbtu.

In addition, the PSC areas have a well established pipeline infrastructure that connects the fields to Jakarta and Singapore.

These pipes have capability of handling 1.2 billion cu ft of gas per day.

Meanwhile, the trading volume of Globaltec continued to hog the volume list over the week.

On Thursday, Globaltec closed at 10 sen, up 67% from a week ago where it had been hovering at the 6 sen level.

Goh is the biggest shareholder of the company with a 19.51% stake, while its deputy chairman Kong Kok Keong has a 13.11% stake.

Lembaga Tabung Angkatan Tentera is also a substantial shareholder with a 6.25% stake.

Betting on Kee and his team

A huge reason for Goh’s confidence in the oil and gas venture is down to Kee Yong Wah - the group CEO of NCER, along with his team.

A seasoned oil man with more than 30 years of experience, Kee formerly headed a listed oil and gas company in Hong Kong and also worked for Halliburton for 26 years.

Meanwhile, Lim Beng Hong, the CEO of NCES, has 27 years of oil and gas experience of which 24 years were in Halliburton and Weatherford, heading senior management in various countries.

He was previously the country manager in China for Greka Drilling.

The key management in both companies have extensive experience in the unconventional oil and gas industry including subsurface, geological, reservoir, production, project management, well drilling, completion and production optimisation techniques that can significantly enhance the productivity of unconventional oil and gas wells.

Says Kee: “In this region, drilling CBM is still relatively new compared to conventional oil and gas. A lot of operators are not successful in CBM as they are from conventional oil and gas background.

“We need the unconventional mind set and best practices to do this. We have the expertise, technology and the proven track record in CBM which we will deploy for this project.”

Kee adds that the CBM formation in Sumatra is attractive as the coal seams are thicker than the formation of China.

“In general, thicker coal means more gas and its easier to produce. Of course, there are other factors to consider. We have spent significant time studying the fields. Our team has also operated in South Sumatera hence Sumatera is not new to us,” says Kee.

Kee explains that he named his company ‘New Century’ as unconventional resources such as CBM is relatively new compared with conventional resources and is a huge untapped market.

“Look at the US. It will be a net exporter of oil over the next few years thanks to the discovery of unconventional resources. The sudden rise in the unconventional resource of shale was made successful by the smaller servicing companies at the beginning.

“The smaller players are a lot more flexible, innovative and are quick to respond to operational requirements which is important to unconventional industry,” he says.

Glotec will pass 20cents any minutes now

Cview, powerroot, volkswagon , feat, stockbooking, gilagila all are same people spreading poorly written english letter ... an acceptance of 10b contract for samudera by petronas... problem is not only the value 10b is too high

yet the english is poorer tha kindergartens. ....

better buy glotec... mesti puas hati pinya

Powerroot penipu with surat tipu

Poweroot that samudera letter is a fake... written in poor english...lor...

The only penny stock not yet being goreng is MQTECH lor...

There is a guy called gilagila spreading the same poorly english written in sumatec... is that u cview?

Haha... A ke F ?

Bagus tu... macam chart glotec le.... ok besok tambah lagi glotec

Cview daripada ko buat kerje tak senonoh dan haram with your false letter distribution it is better u buy glotec shares... sure untung besar... tipu2 tak main le

Mak oi cakap english die dlm surat tu teruk pun kna flag... mak oi gile punye tipu cview ni

Lebih baik lu angkat itu glotec... surat tipu2 mcm samudera memang takde le

Mak oi teruknye english die surat tu

Mak oi teruknye english die

Yeah woody go for glotec

Cannot break 7 as long as epf manipulates this counter for years

Fgv code is 5222

glotec code is 5220

hmmmm....?

IHH ? Pharma?

Going to sell their palm oil plantation in sabah? $$$$$$$$$$$$

Contract non related to O&G ? To be announced soon?

Heard some medical manufacturer contract to be announced

Hmmm... the only penny counter not moving yet....

Bukan ke dickyme the ultimate rival to dreamwhatver

Bukan .. aku telah berjaya membuktikan dreamhunter and dreamconqueror org yg sama

juga sifat tamak dreamhunter menyebabkan dia rugi besar dlm sumatec

dan skrg.. dia sudah hantam masuk glotec.... hahehihohu

@beruang emas... org tamak selalu untung... khususnya investors in glotec... hahehihohu

Mak org yg suda tua pun lu high?? Pelik tapi tak benar....

My guess is... dreamhunter has made huge profit when he might sold at 55 cents.. may be .. then he gets GREEDY and bought back at 60 cents and above 

now nasi da jadi bubur... sudah untung... tapi tamak punya pasal.... rugi besar dlm sumatec... wa kesian sama dreamhunter pasal dia promoter and defender paling ultimate dlm sumatec 

apa boleh buat dreamwhatever... bukan rezeki namanye tu... 

takpe takpe.... ini glotec boleh tolong lu cover rugi sumatec... ingat... jangan ... GREEDY ... nanti berulang... hahehihohu

Sejibik wa cakap sama lu.... hahehihohu....

Stock: [GLOTEC]: GLOBALTEC FORMATION BERHAD

 Sep 7, 2014 10:49 AM | Report Abuse 

Posted by DreamHunter > Aug 20, 2014 06:16 PM | Report Abuse  

Posted by eric_B5B > Aug 20, 2014 06:10 PM | Report Abuse  

DATO DREAM HUNTER , lu sula juai sumatec kah????  
_______________________________________________________________________  

No way ... I'm holding tite to my WB ... I'm not selling something for 36.5, if it has already shown that it can hit 55.5 ... I'll just hv to wait a bit longer now, I guess ... 


Posted by dreamconqueror in glotec forum regarding sumatec: 
Stock: [GLOTEC]: GLOBALTEC FORMATION BERHAD 

 Sep 7, 2014 01:35 AM | Report Abuse  

Still holding. I'm not selling something for 34.5 that has hit 55.5 previously. I'll wait out for something better. No matter how long it takes. 
--- 
Musang_foxking... sapa lagi aku le.... berkata: 

Seorang dreamconqueror saying 34.5 and 55.5 .. while 
Seorang dreamhunter saying 36.5 and 55.5... yeah 

one saying it on 20th august... the other sayin it on 7th september... apa boleh buat ... harga sudah turun sikit 

paling tengok le susunan ayat masing2 antara dreamconqueror and dreamhunter 

Saling tak tumpah... hahehihohu 

this is how u need to prove if someone is somebody else... baru concrete... hahehihohu... ok bye dreamwhatever... goodluck for your glotec.... hahehihohu.... 

REALLY? Itu soalan dreamhunter tu.... hahehihohu...

My guess is... dreamhunter has made huge profit when he might sold at 55 cents.. may be .. then he gets GREEDY and bought back at 60 cents and above

now nasi da jadi bubur... sudah untung... tapi tamak punya pasal.... rugi besar dlm sumatec... wa kesian sama dreamhunter pasal dia promoter and defender paling ultimate dlm sumatec

apa boleh buat dreamwhatever... bukan rezeki namanye tu...

takpe takpe.... ini glotec boleh tolong lu cover rugi sumatec... ingat... jangan ... GREEDY ... nanti berulang... hahehihohu

Sejibik wa cakap sama lu.... hahehihohu....

Posted by DreamHunter > Aug 20, 2014 06:16 PM | Report Abuse 

Posted by eric_B5B > Aug 20, 2014 06:10 PM | Report Abuse 

DATO DREAM HUNTER , lu sula juai sumatec kah???? 
_______________________________________________________________________ 

No way ... I'm holding tite to my WB ... I'm not selling something for 36.5, if it has already shown that it can hit 55.5 ... I'll just hv to wait a bit longer now, I guess ...


Posted by dreamconqueror in glotec forum regarding sumatec:
Stock: [GLOTEC]: GLOBALTEC FORMATION BERHAD

 Sep 7, 2014 01:35 AM | Report Abuse 

Still holding. I'm not selling something for 34.5 that has hit 55.5 previously. I'll wait out for something better. No matter how long it takes.
---
Musang_foxking... sapa lagi aku le.... berkata:

Seorang dreamconqueror saying 34.5 and 55.5 .. while
Seorang dreamhunter saying 36.5 and 55.5... yeah

one saying it on 20th august... the other sayin it on 7th september... apa boleh buat ... harga sudah turun sikit

paling tengok le susunan ayat masing2 antara dreamconqueror and dreamhunter

Saling tak tumpah... hahehihohu

this is how u need to prove if someone is somebody else... baru concrete... hahehihohu... ok bye dreamwhatever... goodluck for your glotec.... hahehihohu....

REALLY? Itu soalan dreamhunter tu.... hahehihohu...

@chickenold... isnt it good now that dreamhunter@dreamconqueror is now on glotec's side ... hahehihohu

Bro jero... brp bole naik?

Posted by ngyl > Sep 6, 2014 11:29 PM | Report Abuse 

mau up senang je,,makan je seller price,,up lah,,hahaha

-----

Makan memang senang... up "sekejap" senang le... lepas tu org lain berak.... takkan nak makan waktu ada org lain berak.... I tak selera itu macam hoh

Make it RM3 this month... any believers?

If based on TA... glotec already bottom down
if based on TA and volume... upward moves has great chance

If based on TA.. it cant tell u how high glotec will be on monday... but guarantee not down

Just my ( bias ) opinion.... hahehihohu

U bought ifca .. lowest at 43.5... my guess... not 39... because I read in ifca u are telling them to sell when it went down before it goes up yesterday... hahehihohu

Ifca and smrt sudah terlampau tinggi... masuk boleh mati

If not because of KEE... I dont think NuEnergy would ever consider to place share issues to glotec... fortunately glotec get the chance by controlling 60% of KEE's companies... so glotec also got 19.9% of NuEnergy... glotec is too lucky... and that is fated

KEE IS THE KEY AND CHI OF GLOTEC SUCCESS

KEE YONG WAH 
President & CeoNew Century Energy Resources LimitedMay 2014 - Present (5 months) 

CEOLion Oil and GasJune 2013 - April 2014 (11 months) 

Vice PresidentSPT Energy HKMay 2011 - June 2013 (2 years 2 months) 

Business Development China and Oversea market , Strategic Strategy and responsible for AP & ME market . 

General ManagerSmith China2010 - 2010 (less than a year) 

China P&L 

Senior BD Manager- Far EastHalliburton1998 - 2009 (11 years) 

Responsible for all products lines products and services , strategic alliances strategy and BOD JV with SOE/SVC company . . 

Technical Advisor / Sr BD Manager -CompletionHalliburton Far East1992 - 1998 (6 years) 

Chinese, Malay 

Skills & Expertise 

Petroleum Engineering, Oilfield, Petroleum, Completions, Upstream, Stimulation, Drilling Engineering, Offshore Drilling, Drilling, Oil/Gas, Subsea Engineering, Onshore, Energy, Oil & Gas Industry, Completion, Energy Industry, Reservoir Management, Reservoir Engineering, Field Development, Natural Gas, Pipelines, Well Testing, Fluids, Gas, Formation Evaluation

SPT Energy Group Inc (1251.HK) 


Mr. Kee Yong Wah is Deputy General Manager of SPT Energy Group Inc. Mr. Kee joined the Company in May 2011. He is primarily responsible for business development and management in new markets and integrated management of new and existing markets. Mr. Kee has more than 28 years of experience in the petroleum and gas industry. Prior to joining the Group, he served as the China general manager in Smith International Inc. from March 2010 to November 2010. Mr. Kee served in various positions (including global national account manager and senior business development manager) of Halliburton International Inc. from August 1984 to March 2010. He was also the key professional introducing dual-trip multi-zone and single-trip multi-zone sand control technology system into the development of Bohai Bay Oilfi eld in China. Mr. Kee completed various Halliburton technical courses including Halliburton Business Leadership Development Program and Halliburton Financial Leadership for Non-Financial Leaders Program of Mays Business School of Texas A&M University in February 2005 and August 2007, respectively.

Kee Yong Wah is one of the founders and is serving as a member of the board of directors of Lion Oil & Gas Services Group Limited. 


Kee has more than 30 years experience in the Oil & Gas servicing industry. Positions held include General Manager of a US based International Servicing Company based in China, Vice President of a HKSE listed Servicing Company and 26 years with Halliburton, one of the biggest Global Servicing Companies. His experience includes Managerial, Business Development, Operational & Manufacturing functions in the Far East, SEA and US. He has also served on the board of directors of a Chinese-US joint venture Servicing Company.

Dont look too much into the hard assets... look at the human personals driving it

I bet sona, suma, cliq, barakah, reach, hibiscus , tgoff, icon, pperdana, dayang, deleum... all do not not have any expertise that can be compared to mr kong yong wah and lim beng hong

and thats the main reason for my bet into glotec... nothing else... if u just hope from the old glotec... u get zero... zero.... zero ... but these 2 personals are winners