http://www.bursamalaysia.com/market/listed-companies/company-announcements/1470381 Due to the financial notes, Actual earnings of Q3 2013 is RM24Million, 5 FOLD compare to 2012. That is why the EPS reported is also 5 fold more. However, Bursa requires the accounting report to take in 2010 losses to this quarter. This is why we see the major report is a lesser earnings, but EPS is 5 fold.
Q3 2013 earnings is 5 fold more compare to Q3 2012. Conclusion, those who sell are selling a diamond with cheap price. lol..
if touch rm1.20,i think i will hold it to reach rm1.25 - rm1.30..coz rm1.20 is the upper limit price,if break the upper limit,will fly further base on my experience.
LUNDIN PETROLEUM RECEIVES PETRONAS APPROVAL FOR THE BERTAM FIELD DEVELOPMENT PLAN
Lundin Petroleum AB ("Lundin Petroleum") is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV has received approval for the Bertam Field Development Plan from PETRONAS. The Bertam field is the first development project operated by Lundin Petroleum in Malaysia.
The Bertam field is located in Block PM307, offshore Peninsular Malaysia. Lundin Malaysia BV as operator holds a 75% working interest and PETRONAS Carigali holds the remaining 25% working interest.
The Bertam field will be developed using a 20 slot Wellhead Platform adjacent to a spread moored FPSO in a water depth of 76 metres. The subsurface development concept consists of 14 horizontal wells completed with Electric Submersible Pumps (ESP's). The total gross capital investment associated with the Bertam field development, excluding any FPSO related costs, is estimated at approximately USD 400 million.
Ashley Heppenstall, President and CEO of Lundin Petroleum comments; "The approval from PETRONAS of the Bertam Field Development Plan is a major achievement for the South East Asia business. We have built an experienced project team with strong record of completing similar projects and are confident we have the capability to deliver this major project on schedule and on budget."(http://www.lundin-petroleum.com/Press/pr_malaysia_10-10-13_e.html)
The Bertam field will be developed using a 20 slot Wellhead Platform..waiting to know the value of the project..hope its really more than USD400mil..
Q. What jobs are you bidding for…with the FPSO that is?
There’s another one now (he declines to elaborate), then there’s a couple more that’s coming. There’s Bertam under Lundin, which will need an FPSO. If you read the FPSO congress, the FPSO market is going to grow 100% this year.
It look like the small shark (insider) is collecting @ 0.905, same pattern like before announcing the Bertam Project. Something is interesting to watch next week, i hope!
Guys, big advertisement in star classified- big recruitment by TH Heavy, all level of engineers n management staff. It's real coming. Hopefully from day 1 of December. Good luck!
crawler calling to buy. It time to cabut. Dangerous. As I notices whenever he call to buy all counter plunge kau kau. first Scable he asking to buy when 1.70 mentioned will touching 2.00. after that price plunge to 1.60. then he ask to buy again, now Scable merely 1.52. Cuscapi he call to buy when the price 0.46. Now 0.36; Better careful. Don't jump in the sinking boat.
somebody is performing short-selling on it. u can see it towards last hour tht the shortsellers hav to return the shares tht they borrowed by buyback the shares per session.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jack Knight
1,024 posts
Posted by Jack Knight > 2013-11-26 11:22 | Report Abuse
if u wanna gain a few up ticks, no problem. buy @0.905-0.910 coz TA is encouraging on daily chart