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Latest Forum Topics / Mirach Energy  Post Reply
Half price compared with last April
Gryphon
Member
28-Aug-2013 10:14     
 
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 Alert Admin 		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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 Alert Admin 		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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 Alert Admin 		Resume trading at 1015hrs
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Gryphon
Member
28-Aug-2013 10:01     
 
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 Alert Admin

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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merlin_magic
Senior
28-Aug-2013 09:57     
 
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 Alert Admin 		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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 Alert Admin 		...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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 Alert Admin 		Almost went in...
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Octavia
Elite
28-Aug-2013 09:24     
 
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 Alert Admin 		mirach halt again.Not a good sign.
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Octavia
Elite
28-Aug-2013 09:04     
 
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 Alert Admin 		So fierce.Bull vs bear.
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satans
Member
28-Aug-2013 00:07     
 
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 Alert Admin

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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 Alert Admin 		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
Member
27-Aug-2013 21:01     
 
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 Alert Admin 		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
Member
27-Aug-2013 21:00     
 
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 Alert Admin 		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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 Alert Admin

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
Master
27-Aug-2013 19:36     
 
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 Alert Admin 		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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 Alert Admin
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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 Alert Admin

but halted leh.

another s-chip like?? OMG
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didisiaosiao
Member
27-Aug-2013 06:41     
 
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 Alert Admin 		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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 Alert Admin 		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
Member
27-Aug-2013 00:43     
 
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 Alert Admin 		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!

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

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