Latest Forum Topics / Magnus Energy | Post Reply |
Magnus hit oil Money in China with CNPC
|
|||||||||||||||||||||
Agatha
Member |
25-May-2007 10:36
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
awake????????????? |
||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
Ah_Mong
Member |
22-May-2007 22:39
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
Hi, Is this counter worth holding??? |
||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
|
|||||||||||||||||||||
Agatha
Member |
18-May-2007 10:56
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
Only if you have capital to hold |
||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
regret
Member |
17-May-2007 15:31
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
Big buy up?? Something brewing??? |
||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
teeth53
Supreme |
17-May-2007 14:01
Yells: "don't learn through life, learn to grow with life " |
||||||||||||||||||||
x 0
x 0 Alert Admin |
MEDIA RELEASE Magnus Announces Letter of Intent to Farm-In to Natural Gas Field Development Project in Ningxia Autonomous Region, PRC Agreement will give Magnus access to proven gas reserves of nearly 8 billion m3 Singapore, 15 May 2007 ? Magnus Energy Group (?Magnus?) announced today that it has entered into a Letter of Intent for a farm-in agreement with oil and gas company Shandong Deshi Petroleum Technology Ltd (?SDPT?) in the Peoples? Republic of China (PRC), in a deal that gives Magnus access to gas assets in the Ningxia Autonomous Region with reserves of almost 8 billion m3. Under this agreement, Magnus will farm-in into SDPT for a 51% stake in its Ciyaobao Area gas field project, giving it access to a natural gas field development project owned by SDPT in the Ningxia Autonomous Region. Additionally, Magnus will gain access to Sinopec Oilfield Dynamic Group Ltd (?Sinopec Shengli?), a wholly owned subsidiary of oil giant Sinopec Group, through an agreement signed between SDPT and Sinopec Shengli in April this year for SDPT to develop the Ciyaobao Area gas field for a period of 19 years from date of signing. ?This is a significant agreement for Magnus as it increases extensively our energy holdings in PRC, which already include our ongoing crude oil production project in Jilin province. Margins for gas compared to crude oil production are much higher, and coupled with soaring demand among utilities and transportation in China for gas due to its abundance and ?clean and green? nature, Magnus is well-placed to achieve significant returns from this deal,? said Richard Chan, Managing Director of Magnus. ?Additionally, not only is the Ciyaobao Area gas field a proven field, the deal also allows us to enter into a relationship with Sinopec to explore additional oil and gas development projects that enable us to expand our upstream activities,? said Chan. Under the agreement with SDPT, Magnus will invest up to RMB50 million in capex within three years, solely for development of the gas project.
|
||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
|
|||||||||||||||||||||
Agatha
Member |
16-May-2007 10:08
|
||||||||||||||||||||
x 0
x 1 Alert Admin |
HeY~!!! Wake Up~!!!! | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
singaporegal
Supreme |
14-Nov-2006 22:13
Yells: "Female TA nut" |
||||||||||||||||||||
x 0
x 0 Alert Admin |
Agreed... heading south very fast. Any news what happened? | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
maxsyn
Veteran |
14-Nov-2006 21:22
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
ADX cross over, sign of heading south | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
|
|||||||||||||||||||||
Nostradamus
Supreme |
14-Nov-2006 18:42
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
UOBKH has suspended online trading for the stock. | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
maxsyn
Veteran |
14-Nov-2006 13:15
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
cooling now. When is the next wave coming? | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
maxsyn
Veteran |
11-Nov-2006 16:19
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
Observe some trades were huge lots, big boys were behind driving the price. Avoid if have low risk tolerent. | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
allantanhc
Veteran |
10-Nov-2006 22:42
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
Roller coaster ride. Luckily let go of my holdings two days ago. Otherwise, will now sit here licking my wound. Lately, market seems very punitive on stocks that have not so good news and yet not rewarding much for those stocks that have good news. A sign that market is turning bearish soon? |
||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
|
|||||||||||||||||||||
teeth53
Supreme |
10-Nov-2006 17:24
Yells: "don't learn through life, learn to grow with life " |
||||||||||||||||||||
x 0
x 0 Alert Admin |
Due to rading restrictions, yet strong supportfrom those boys is seen at 18c / 19c, closed at 19c, down a cent for today. |
||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
Nostradamus
Supreme |
10-Nov-2006 17:09
|
||||||||||||||||||||
x 1
x 0 Alert Admin |
Fell brcause of trading curbs, despite announcing that daily oil output rose 40%. UOBKH, Singapore's biggest brokerage, confirmed that it now requires investors to place a deposit when buying Magnus stock. |
||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
rickytan
Veteran |
10-Nov-2006 15:21
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
wow, price goes up fast and also comes down fast. | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
maxsyn
Veteran |
10-Nov-2006 10:00
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
look at the large volume trade, dumping .... | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
singaporegal
Supreme |
09-Nov-2006 21:19
Yells: "Female TA nut" |
||||||||||||||||||||
x 1
x 0 Alert Admin |
Volumes are healthy... but I think its on a downtrend now. | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
Nostradamus
Supreme |
09-Nov-2006 20:52
|
||||||||||||||||||||
x 0
x 0 Alert Admin |
Skyline Agents has become a substantial shareholder of Magnus. Its stake stands at 5.18% bought at 22 cents. Skyline is owned by former Malaysian finance minister Tun Daim Zainuddin's son. A local broker introduced trading restrictions (putting up cash upfront if you're buying 30 or more lots) which caused it to tumble. |
||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
teeth53
Supreme |
07-Nov-2006 09:41
Yells: "don't learn through life, learn to grow with life " |
||||||||||||||||||||
x 0
x 0 Alert Admin |
Magnus getting more attention, 22c liao, hope someone took profit and dip on it px, hope to get some when px soften, tikam tikam. | ||||||||||||||||||||
Useful To Me Not Useful To Me | |||||||||||||||||||||
teeth53
Supreme |
06-Nov-2006 20:45
Yells: "don't learn through life, learn to grow with life " |
||||||||||||||||||||
x 0
x 0 Alert Admin |
Magnus, anyone?? tested to 21c on vol of 26 mil shares. care to share some tot here. Since it own Dir bot it at $0.151c (10mil shares). | ||||||||||||||||||||
Useful To Me Not Useful To Me |