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Half price compared with last April Post Reply Rate topic
librajet Elite	15-Aug-2013 14:52        librajet About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	run backward
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wendel Master	15-Aug-2013 10:16        wendel About Contact  Quote this Post!
x 0   x 0  Alert Admin	Run Mirach run!   wendel      ( Date: 14-Aug-2013 21:39) Posted: Expected this stk to cum from 0.295!!
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wendel Master	14-Aug-2013 21:39        wendel About Contact  Quote this Post!
x 0   x 0  Alert Admin	Expected this stk to cum from 0.295!!
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seanpent Elite	14-Aug-2013 14:22        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	later, if, one big towkay comes along and scoop up in one mouthful the 30, then will be in for another big upside surprise ...
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jacelin84 Member	14-Aug-2013 14:09        jacelin84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Must clear 32 then consider uptrend if not it will drop back.
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kye_lin Member	14-Aug-2013 13:13        kye_lin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Run up likely due to SIAS review We have been paying close attention to SGX-listed E& P companies following our previous industry report (Huge Potential in ASEANFocus E& P Companies, 22 July 2013). After encouraging progress in the Kampung Minyak (KM) oilfield and the availability of funds for O& G explorations, we reckon that there is some potential upside in Mirach Energy Limited (Mirach). The KM oilfield is a mature block that has an estimated contingent resource of 2.4m barrels of oil and a prospective resource of about 40.9m barrels of oil. Since October 2012, Mirach has been trying to raise the oil production rate in the KM oilfield via three methods, drilling new infill wells, performing work-over on existing wells and adopting recovery techniques such as water injection into the wells. To date, the oilfield produces about 100 barrels of oil daily and more drilling and work-over operations are on the way. We estimate about 400 barrels of daily oil production in 2H 2014. To ensure the quality of work done on the oilfield, Mirach appointed Daqing Enterprise International for its projects in Indonesia. We see these developments as positive signs on the KM oilfield and reckon that this asset can help to generate cash flow for Mirach for future exploration projects. Mirach has also started with the pre-drilling Environmental Impact Assessment in October 2012 for its 48% owned Cambodia Block D and we believe the management will soon proceed with drilling exploration wells in this block. Mirach has selected three spots for exploration wells and we speculate that the first drilling will be located close to Block A, which has strong evidence of hydrocarbon reserve. This strategy reminds us of Ramba Energy, which adopted the same tactic for its Lemang Block. Block D is Mirach?s prized asset and has an estimated prospective resource of 366.8m barrels of oil. We value Mirach based on the assets it owns. For Cambodia Block D, we apply a higher than usual US$2.25 valuation to each prospective barrel of oil as the asset is located close to Block A and seismic data has been encouraging. For KM?s prospective resources, we applied a US$4.00 per prospective barrel of oil. We also inserted a further 20% discount to all the assets for the risked mean prospective valuation. We also assumed that the convertible bond will be exercised. This set of assumptions works out to a prospective valuation of S$0.430 per share. Though we believe that there is some upside potential to Mirach, the company is subjected to high exploration uncertainty, fluctuation in energy prices, execution risks and regulatory approval delays.
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seanpent Elite	14-Aug-2013 12:59        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	think Mirach is not over yet
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vincente Senior	14-Aug-2013 11:53        vincente About Contact  Quote this Post!   Yells: "hope for the best"
x 0   x 0  Alert Admin	I think Ramba and Interra got more upside.
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john_ric Senior	14-Aug-2013 11:48        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think the market like its last Q results, somehow.
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john_ric Senior	14-Aug-2013 11:45        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	..buy at suppot 27 cents .. sell at reistance 31.5 cents   ---------------
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bishan22 Elite	14-Aug-2013 11:07        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shoot up liao.  height00      ( Date: 13-Aug-2013 23:06) Posted: Hi When everyone start losing faith that the time when price shoot up
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height00 Senior	13-Aug-2013 23:06        height00 About Contact  Quote this Post!
x 1   x 1  Alert Admin	Hi When everyone start losing faith that the time when price shoot up
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Octavia Elite	13-Aug-2013 22:00        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Result for 2Q13.Not so fantastic. http://infopub.sgx.com/FileOpen/Announcement_2Q_2013_13Aug2013.ashx?App=Announcement& FileID=251943
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librajet Elite	07-Aug-2013 09:14        librajet About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	bolat la, who is buying?? high gets lower everyday, keep keep keep until BBs happy la. only vested when it starts to move again, I have nothing.  seanpent      ( Date: 07-Aug-2013 08:47) Posted: librajet sifu ..... what's happening to this ?    where is this heading now  ?    librajet      ( Date: 02-Aug-2013 17:21) Posted: bo lat la, where got buy??? BBs buying to keep, run a few bids then come down again, not yet la. When their well got more oils, it will fly, so now KEEP
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seanpent Elite	07-Aug-2013 08:47        seanpent About Contact  Quote this Post!
x 0   x 1  Alert Admin	librajet sifu ..... what's happening to this ?    where is this heading now  ?    librajet      ( Date: 02-Aug-2013 17:21) Posted: bo lat la, where got buy??? BBs buying to keep, run a few bids then come down again, not yet la. When their well got more oils, it will fly, so now KEEP. librajet      ( Date: 02-Aug-2013 14:10) Posted: bo lat la, the high getting lower each day. BBs supporting at 30c, run when?? restriction out oredi or not??? buy to keep can la, contra?? better no
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flatfoot Member	07-Aug-2013 08:31        flatfoot About Contact  Quote this Post!
x 0   x 0  Alert Admin	29bbl per well * 290 wells equals A hell lots of production. no wonder BBs were collecting.   huat lah
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medivh Elite	06-Aug-2013 21:53        medivh About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content&B=AnnouncementToday&F=885721
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Dividend_Warrior Senior	02-Aug-2013 17:25        Dividend_Warrior About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "I am getting $1100 per month in dividends :)"
x 0   x 0  Alert Admin	Keep! Keep! Keep!
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librajet Elite	02-Aug-2013 17:21        librajet About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	bo lat la, where got buy??? BBs buying to keep, run a few bids then come down again, not yet la. When their well got more oils, it will fly, so now KEEP. librajet      ( Date: 02-Aug-2013 14:10) Posted: bo lat la, the high getting lower each day. BBs supporting at 30c, run when?? restriction out oredi or not??? buy to keep can la, contra?? better not bulletproofheart      ( Date: 02-Aug-2013 14:04) Posted: oh. i meant the sell queue keep topping up but yea, tt means there's buying. people should just stop wanting to sell at 305. haha. no prob bro u can take over his role. as long as all huat can alr. haha.
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acjyyy Member	02-Aug-2013 15:02        acjyyy About Contact  Quote this Post!
x 0   x 0  Alert Admin	ya i agree with bro librajet, 30c support seem to b strong. can enter now to keep..  bro librajet, what restriction?   librajet      ( Date: 02-Aug-2013 14:10) Posted: bo lat la, the high getting lower each day. BBs supporting at 30c, run when?? restriction out oredi or not??? buy to keep can la, contra?? better not bulletproofheart      ( Date: 02-Aug-2013 14:04) Posted: oh. i meant the sell queue keep topping up but yea, tt means there's buying. people should just stop wanting to sell at 305. haha. no prob bro u can take over his role. as long as all huat can alr. haha.
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