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Hulumas Supreme	21-Dec-2010 17:55        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	Let it be further correction till bottom, I just do money cost averaging! pellty      ( Date: 21-Dec-2010 17:51) Posted: We shall see who has the last laugh!
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pellty Member	21-Dec-2010 17:51        pellty About Contact  Quote this Post!
x 0   x 0  Alert Admin	We shall see who has the last laugh!
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nickyng Supreme	24-Nov-2010 11:22        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	it is broad daylight now! pls wake and dun day dream! :P pellty      ( Date: 24-Nov-2010 10:13) Posted: The stock price is moving downhill. Now at $0.095 Can start to accumulate and wait for the outburst....
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pellty Member	24-Nov-2010 10:13        pellty About Contact  Quote this Post!
x 0   x 0  Alert Admin	The stock price is moving downhill. Now at $0.095 Can start to accumulate and wait for the outburst....
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pellty Member	11-Nov-2010 17:12        pellty About Contact  Quote this Post!
x 0   x 0  Alert Admin	This Gem has been undervalued for quite some time after falling from 2007. It is now priced at $0.105 which is way below its offered price when it was launched. Good PB ratio and equity to asset turnover ratio!! Worth a go when Commodities such as oil, petroluem are rising in prices, it will also indirectly affects the demand for its equipment for extraction, processing, etc...
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Pinnacle Master	27-Nov-2007 09:21        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	I see $0.80 as very attractive entry price.
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ygc91285 Member	27-Nov-2007 09:01        ygc91285 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Share price (PER) still very expensive.....
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Pinnacle Master	27-Nov-2007 08:44        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't think good result can save this from the drop today. China Oilfield?s 3Q07 net profit up 80.1% to RMB 43.1 million ? Revenue rose 96.3% to RMB 82.8 million led by increased sales of its ASP injection equipment and ASP residual liquid treatment systems ? Gross profit margin rose from 64.0% to 69.5% y-o-y SINGAPORE ? 27 November 2007 ? China Oilfield Technology Services Group Limited 瑞日集团有限公司, (?China Oilfield Technology?), a ?one-stop? customised solutions provider of integrated tertiary oil recovery equipment and technology to enhance the extraction of oil in the Daqing oilfield region of the PRC, today reported that its net profit attributable to shareholders for the third quarter ended 30 September 2007 (?3Q 2007?) rose 80.1% to RMB 43.1 million. This was achieved on the back of a 96.3% surge in Group revenue to RMB 82.8 million, boosted by sale of its products from both its Enhanced Oil Recovery (?EOR?) and Environmental Protection (?EP?) segments. Performance in 9M 2007 Cumulatively, the Group?s net profit rose 51.8% to RMB 57.5 million on a 49.9% growth in sales to RMB 117.1 million. For the nine months of FY2007 (?9M 2007?), the Group sold a total of 100 units of ASP (?alkaline-surfactant-polymer?) injection equipment, up from just three units in the year-ago period, due to the further implementation of chemical flooding by the First and Sixth Production Units of Daqing Oilfield Co. Ltd. ASP injection involves the injection of primary chemicals (specifically alkali, surfactant and polymer) into the oil reservoir during chemical flooding. The Group also doubled its sales of ASP residual liquid treatment system to 4 units in 9M 2007. ASP residual liquid treatment systems are developed using oil/water separation technology to extract the oil content in the residual liquid to further maximize economic efficiency for oil extraction companies. The residual liquid is also treated to remove substances which are hazardous to the environment. The treated water is then pumped back into the ground and re-used in the enhanced recovery process, thereby fulfilling the requisite environmental protection standards. Growth in Margins Due to the marked sales improvement of its higher-margin ASP injection equipment and residual treatment systems, as well as a reduction in direct material costs as a result of more efficient product designs, China Oilfield Technology managed to achieve a substantial improvement in gross profit margin from 64.0% in 3Q 2006 to 69.5% in 3Q2 007. In the nine months of FY2007, gross profit margin grew to 67.8% from 60.1% in FY2006. Per Share Data Based on its latest third quarter results, the Group?s basic earnings per ordinary share (based on 601,095,000 ordinary shares issued) was 7.17 RMB cents whilst its net asset value per ordinary share was 60.7 RMB cents as at 30 September 2007. Quote from the Group?s Executive Chairman Said Mr Gao Yanming 高雁鸣, China Oilfield Technology?s founder and Executive Chairman, ?We are pleased to see that the demand for our tertiary oil recovery products, especially our ASP injection equipment and Environmental Protection products, continues to be very strong as evidenced by our latest third quarter results.? ?Daqing oilfield is one of the first oilfields to adopt tertiary oil recovery technology in the PRC, and we believe that the majority of PRC oilfields have not commenced tertiary oil recovery technology. Given the limited supply of crude oil resources in the PRC, as well as a growing focus on improving the oil recovery rate and extending the production life of oilfields, tertiary oil recovery is expected to play an increasingly important role in the near future. With our proven track record and know-how, China Oilfield Technology is indeed well-positioned to meet this growing demand for tertiary oil recovery technology in China and beyond,? he added. Business Prospects The recent escalation of crude oil prices internationally provides a strong impetus for oil extraction companies to employ tertiary oil recovery methods to extract more oil from mature oil fields. The Group is optimistic of its performance in 4Q 2007 due to the orders that it currently has secured as well as new orders that are in the process of discussion. The Group sees continued growth in its Environmental Protection segment. China Oilfield Technology has also introduced new products such as chemical agents used for ASP residual liquid treatment system. These are expected to generate income for the Group from end November 2007. Going forward, the Group plans to: 1. Increase production capacity by adding additional machines and equipment, and expanding its production workforce in FY 2008. 2. Enhance its R&D capabilities. The Group plans to build its own R&D facility in Beijing to further enhance its R&D capabilities. It currently leases a 441 square meter office space in Zhongguancun Hi-tech Park in Beijing?s Haidian District. 3. Expand its sales and marketing network to tap opportunities in overseas markets. The Group believes that these strategies will help maintain its leading position in China, and leverage on its established track record in tertiary oil recovery to attract potential customers both in the domestic market as well as in new overseas markets.
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