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froggie08 Member	11-Nov-2008 23:28        froggie08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	CAO has up from the lowest point of 0.48 to 0.80 (+67%), very strong. But Why? No news, very silent and the volumn also help to drive this cunter up very strong lately? Are there any good news coming??
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stockseeker Member	29-Apr-2008 07:26        stockseeker About Contact  Quote this Post!
x 0   x 0  Alert Admin	This counter got into the spot light lately - more good news for those vested. Anyway, here's an article that was as quoted on Reuters (25th April 2008). SINGAPORE, April 25 (Reuters) - China Aviation Oil (Singapore) Corp Ltd (CAO) tendered on Friday to buy 395,000 tonnes of jet fuel for June delivery, similar to the 405,000 tonnes bought for May, said a trader who received the document. The volumes were higher than the 325,000 tonnes CAO purchased for May 2007. The tender closes on Tuesday, said the trader. "Jet fuel demand is robust in China," he said. CAO last bought by tender jet fuel supplies at a premium of $1.00-$1.50 a barrel to spot quotes on a cost-and-freight basis, compared with a $1.50 premium paid for its April tender award of 380,000 tonnes. Higher jet fuel imports into China are needed to cover robust demand, and as Chinese refineries ramp up runs to produce subsidised fuels such as gasoline and gas oil. Strong Chinese demand helped keep the April/May jet-kerosene at a firm $1.35 a barrel in backwardation. Jet fuel imports make up a third of total Chinese demand, with CAO being the dominant importer while state importer Zhuhai Zhenrong brings in a smaller volume of around 30,000 tonnes each month. (Reporting by Felicia Loo; Editing By Ovais Subhani)
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mirage Veteran	24-Apr-2008 13:53        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	CAO to Acquire 49% stake in TSN-PEK. http://www.listedcompany.com/ir/cao/newsroom/CAOAcquisitionTSNPEmediarelease.pdf
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mirage Veteran	24-Apr-2008 09:29        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: <> Temasek to strike out into oil, gas ventures Ronnie Lim Wed, Apr 23, 2008 The Business Times (SINGAPORE) With oil prices continually testing new peaks - they touched US$118 a barrel yesterday - Temasek Holdings is entering into big-money exploration and production (E&P) ventures in oil and gas to ensure Singapore's energy supply security. So, for the first time, Temasek has set up an E&P subsidiary, Orchard Energy Pte Ltd. And in a clear indication that Orchard is preparing to strike out into E&P joint ventures regionally and beyond, it has been recruiting a team of oil specialists, sources told BT. 'Mostly foreign talent, they include geophysicists, geologists and petroleum engineers who can help Temasek assess potential E&P property that the Singapore investment company can put money into,' one source said. BT has also ascertained that Temasek managing director Tan Suan Swee is heading Orchard Energy as its director, with Greg Solomon being its ventures director. Mr Tan was unavailable for comment as he is on an overseas trip. The Orchard Energy venture marks Temasek's return to the offshore arena after it failed in 2004 to buy into Indonesia's largest listed oil and gas company, Medco Energi. Temasek was named the preferred bidder for a 44.9 per cent stake in Medco, but the company's founder, the Paniogoro family, eventually exercised its pre-emptive right to match Temasek's bid and bought back its stake. Temasek's bid to acquire Medco was not seen as a mere investment play, but also one that would potentially boost supply security for the Republic, especially given its dependence on Indonesian natural gas supplies. 'Although SembCorp recently managed to get more Indonesian gas, the talk is that this (supply) is drying up,' one source said yesterday. He was referring to SembCorp Gas's recent US$5.5 billion deal to buy an additional 86 million standard cubic feet daily from Natuna for 7-10 years, which adds about 26 per cent to its current Indonesian supplies. Singapore is also preparing to source liquefied natural gas (LNG), to supplement its Indonesian and Malaysian piped gas supplies, and just last Friday appointed a sole LNG buyer which is expected to source for the LNG from Egypt, Trinidad & Tobago, Equatorial Guinea, Nigeria, and Australia's Queensland project. A Reuters report yesterday cited a Temasek source saying that its new E&P venture could potentially look at participating in ventures in the Gulf of Thailand and offshore Myanmar. Orchard is also unlikely to be a passive investor in the E&P ventures; it hopes to quickly become a lead operator working with more established upstream firms, the source reportedly said. This explains why it has been aggressively recruiting upstream specialists for its operations. Temasek also has a deemed interest of 45.7 per cent (through KepCorp and DBS) in Singapore Petroleum Company (SPC), which has been aggressively building up its upstream asset portfolio. SPC in its just-released 2007 annual report said that its average oil/gas production had shot up to 10,000 barrels of oil equivalent a day by end-2007 - from below 3,000 barrels at the start of the year. This came from its acquisition of producing oilfields in China's Bohai Bay, as well as production from its Indonesian Kakap and Oyong fields. Orchard, which was incorporated with a share capital of S$5 million, is also seen by some analysts as a bid by Temasek to diversify its financials-heavy global investment portfolio of some S$164 billion.
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mirage Veteran	24-Apr-2008 09:05        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today ChinaAOil is up 0.10 to 1.92. The next stock after ChinaEnergy and ChinaSun to go up. Up, Up, Up and away.!!!!!!!!!!!!!!!!!!!!!!!!!
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