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Half price compared with last April

Gryphon
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28-Aug-2013 10:14

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Donch know leh, but unlikely to be good news coz they could be accused of giving out good news in rapid instalments, which is also blatant market manipulation. It's unlikely the management is so sloppy that they " forgot and overlooked" the additional info last night !!

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Tomique
Master

28-Aug-2013 10:07

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What good news are we expecting? Thanks.

Gryphon ( Date: 28-Aug-2013 10:01) Posted:

Today's trading halt could be due to mis-timing of application to SGX to halt when counter fell too steeply at mkt opening of -38 pts (when Mirach should have shot up with the good news) and actual halting of counter (when price was recovering and moving up by then).

New halt unlikely to be due to bad news. That would be blatant, outright market manipulation, coming just hours after announcing good news.

Generally, oil exploration counters (like Mirach) should move up with oil price rise (like now because Assad is about to be whacked). So stay cool and huat ahhhh....

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Octavia
Elite

28-Aug-2013 10:04

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Resume trading at 1015hrs

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Gryphon
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28-Aug-2013 10:01

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merlin_magic
Senior

28-Aug-2013 09:57

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Entered in at 49.5 cents and out at 50 cents.... if there is really good news, then it is a waste that I let go so early.

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guoyanyunyan
Elite

28-Aug-2013 09:54

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Yells: "uncertainty always exist"

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...seems everyday got one counter halt neh...ini macham...

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raymondlimtt
Member

28-Aug-2013 09:32

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Yells: "raymond"

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Almost went in...

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Octavia
Elite

28-Aug-2013 09:24

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mirach halt again.Not a good sign.

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Octavia
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28-Aug-2013 09:04

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So fierce.Bull vs bear.

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satans
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28-Aug-2013 00:07

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by the way, very paiseh to say something here...

actually this news... really old liao... those big players all long knew... only public always last to know...

why i know? cos i am satan.... wahaaaaaaaaaa

u can treat this as TCSS here... as in any other forums.

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teeth53
Supreme

27-Aug-2013 22:10

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Yells: "don't learn through life, learn to grow with life "

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28-08-2013.

Time of Lifting of Trading Halt *

0830 hours

Announcement nos -139. REQUEST FOR LIFTING OF TRADING HALT

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didisiaosiao
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27-Aug-2013 21:01

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Only word..........

Surgeeeeeeee

RedShield ( Date: 27-Aug-2013 21:00) Posted:

Time to chiong! Seems like they found a lot of oil. With oil price increasing, there's no better news!

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RedShield
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27-Aug-2013 21:00

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Time to chiong! Seems like they found a lot of oil. With oil price increasing, there's no better news!

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medivh
Elite

27-Aug-2013 19:41

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I don't see up side.. instead many will look to book profits...

the market sentiment currently is not good.

The awaited correction is due..

edwinjup ( Date: 27-Aug-2013 19:36) Posted:

Dont know how many bpd ? Maybe need at1000 bpd to be profitable...

medivh ( Date: 27-Aug-2013 19:28) Posted:

Mirach Energy uncovers new oil layer

At Kampung Minyak Oil Field

Singapore, 27 August 2013 -

Mirach Energy (SGX: C68) has unexpectedly

uncovered a new untapped oil zone at the Kampung Mi

nyak Oil Field (?KM?) as it

drilled deeper at the KM-607 infill well, which was

spudded on 9 August 2013. This

zone is below the old production oil layer.

As a result of the surprisingly high pressure exper

ienced at the depth of 448 metres

when the drill rig Daqing-121 cut vertically down,

precautionary measures has to be

introduced immediately to manage the pressure. This

proper pressure control

enabled the team to drill a further 30 metres down

for confirmation before ending

the drilling at 475 metres.

Figure 1: KM-607

?We were taken by surprised at the high pressure ex

perienced at layer S8, as the

previous wells drilled were nothing like that. Our

production team is expecting this to

be very good production well, compared to the earli

er new wells drilled. A series of

tests and perforations will be done to optimize pro

duction and actual production rate

from the well will be known within the next two wee

ks.? said Mr. William Chan, CEO

of the Company.

Well logs have confirmed a net pay interval in the

Air Benakat Formation of two

metres. The success of KM-607 confirms the opportun

ity to add a considerable

amount of reserves (2C) and increase oil production

across KM.

The Daqing-121 rig is mobilized to drill another ne

w infill well at KM-611, which is

located at a short distance west of KM-607 and sits

on the same formation as KM-

607.

With the strong results shown in the newly uncovere

d oil zone, the Company

intends to apply to Pertamina EP to drill new wells

deeper than 1000 metres to

confirm the other potential pay zones that it has i

dentified in KM.

SUBMITTED BY

Chan Shut Li, William

Executive Chairman and CEO

http://infopub.sgx.com/FileOpen/SGX_announcement_drilling_update_at_KM607.ashx?App=Announcement& FileID=254025

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edwinjup
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27-Aug-2013 19:36

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Dont know how many bpd ? Maybe need at1000 bpd to be profitable...

medivh ( Date: 27-Aug-2013 19:28) Posted:

Mirach Energy uncovers new oil layer

At Kampung Minyak Oil Field

Singapore, 27 August 2013 -

Mirach Energy (SGX: C68) has unexpectedly

uncovered a new untapped oil zone at the Kampung Mi

nyak Oil Field (?KM?) as it

drilled deeper at the KM-607 infill well, which was

spudded on 9 August 2013. This

zone is below the old production oil layer.

As a result of the surprisingly high pressure exper

ienced at the depth of 448 metres

when the drill rig Daqing-121 cut vertically down,

precautionary measures has to be

introduced immediately to manage the pressure. This

proper pressure control

enabled the team to drill a further 30 metres down

for confirmation before ending

the drilling at 475 metres.

Figure 1: KM-607

?We were taken by surprised at the high pressure ex

perienced at layer S8, as the

previous wells drilled were nothing like that. Our

production team is expecting this to

be very good production well, compared to the earli

er new wells drilled. A series of

tests and perforations will be done to optimize pro

duction and actual production rate

from the well will be known within the next two wee

ks.? said Mr. William Chan, CEO

of the Company.

Well logs have confirmed a net pay interval in the

Air Benakat Formation of two

metres. The success of KM-607 confirms the opportun

ity to add a considerable

amount of reserves (2C) and increase oil production

across KM.

The Daqing-121 rig is mobilized to drill another ne

w infill well at KM-611, which is

located at a short distance west of KM-607 and sits

on the same formation as KM-

607.

With the strong results shown in the newly uncovere

d oil zone, the Company

intends to apply to Pertamina EP to drill new wells

deeper than 1000 metres to

confirm the other potential pay zones that it has i

dentified in KM.

SUBMITTED BY

Chan Shut Li, William

Executive Chairman and CEO

http://infopub.sgx.com/FileOpen/SGX_announcement_drilling_update_at_KM607.ashx?App=Announcement& FileID=254025

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medivh
Elite

27-Aug-2013 19:28

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Mirach Energy uncovers new oil layer

At Kampung Minyak Oil Field

Singapore, 27 August 2013 -

Mirach Energy (SGX: C68) has unexpectedly

uncovered a new untapped oil zone at the Kampung Mi

nyak Oil Field (?KM?) as it

drilled deeper at the KM-607 infill well, which was

spudded on 9 August 2013. This

zone is below the old production oil layer.

As a result of the surprisingly high pressure exper

ienced at the depth of 448 metres

when the drill rig Daqing-121 cut vertically down,

precautionary measures has to be

introduced immediately to manage the pressure. This

proper pressure control

enabled the team to drill a further 30 metres down

for confirmation before ending

the drilling at 475 metres.

Figure 1: KM-607

?We were taken by surprised at the high pressure ex

perienced at layer S8, as the

previous wells drilled were nothing like that. Our

production team is expecting this to

be very good production well, compared to the earli

er new wells drilled. A series of

tests and perforations will be done to optimize pro

duction and actual production rate

from the well will be known within the next two wee

ks.? said Mr. William Chan, CEO

of the Company.

Well logs have confirmed a net pay interval in the

Air Benakat Formation of two

metres. The success of KM-607 confirms the opportun

ity to add a considerable

amount of reserves (2C) and increase oil production

across KM.

The Daqing-121 rig is mobilized to drill another ne

w infill well at KM-611, which is

located at a short distance west of KM-607 and sits

on the same formation as KM-

607.

With the strong results shown in the newly uncovere

d oil zone, the Company

intends to apply to Pertamina EP to drill new wells

deeper than 1000 metres to

confirm the other potential pay zones that it has i

dentified in KM.

SUBMITTED BY

Chan Shut Li, William

Executive Chairman and CEO

http://infopub.sgx.com/FileOpen/SGX_announcement_drilling_update_at_KM607.ashx?App=Announcement& FileID=254025

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john_ric
Senior

27-Aug-2013 10:56

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but halted leh.

another s-chip like?? OMG

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didisiaosiao
Member

27-Aug-2013 06:41

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Huh? Restricted yesterday n uplifted today?

Bigmama ( Date: 27-Aug-2013 06:16) Posted:

Restriction uplifted already

Ptmptm ( Date: 27-Aug-2013 00:43) Posted:

There's no curb by UOB on MIRACH
Please check with your broker again tomorrow )

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Bigmama
Master

27-Aug-2013 06:16

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Restriction uplifted already

Ptmptm ( Date: 27-Aug-2013 00:43) Posted:

There's no curb by UOB on MIRACH
Please check with your broker again tomorrow )

dawx14 ( Date: 27-Aug-2013 00:38) Posted:

it was curbed but Mirach requested for halt. which might go either way. but gathering info from the shifus around, it seems that there is light at the tunnel once announcement is made. might have a surge. fingers crossed

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Ptmptm
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27-Aug-2013 00:43

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There's no curb by UOB on MIRACH
Please check with your broker again tomorrow )

dawx14 ( Date: 27-Aug-2013 00:38) Posted:

wendel ( Date: 26-Aug-2013 21:19) Posted:

Heard fr friend...Mirach was blocked by UOB...anyone can verify?

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