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SPC
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shplayer
Elite |
12-Apr-2007 23:09
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Oyang field oil production will cotribute about 4.0 - 4.5 cts to FY2007 eps........ballpark estimate. This does not include the gas production in phase 2. |
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shplayer
Elite |
12-Apr-2007 22:50
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Looking at the trades today, there is some price manipulation the last 15 min of trade to keep price down. Anyway, I am ready to pick up somemore if it drops further. |
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boonmengtan
Member |
12-Apr-2007 22:35
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The Business Times Published April 12, 2007 SPC's Indon field to start production soon By RONNIE LIM SINGAPORE Petroleum Company expects oil from its Indonesian Oyong field to start flowing this quarter, with its share amounting to about 6,000 barrels per day (bpd). This will add to its current output of 2,540 bpd of oil equivalent from its only producing field so far at Kakap. More significantly, SPC is gearing up to be a bigger gas player, its just-released 2006 annual report shows. 'An interim analysis from the operator of the Oyong field suggests that the mid-range recoverable oil and gas volumes for the field are six million barrels and 97 billion standard cubic feet respectively,' the report says. This means that for oil alone, SPC's 36 per cent stake in the Oyong production sharing contract will give it 5,917 bpd - at the higher end of its earlier expectation of 3,600-7,200 bpd. Phase 2 gas development at Oyong, which sources say should start next year, will include construction of a 60 km pipeline from the field to a power plant at Grati, east Java, owned by PT Indonesia Power. The Oyong partners expect to sell between 40 and 60 billion British thermal units per day under this deal. At the Kakap oil/gas field, SPC says production has increased 10 per cent after additional work last year and is expected to be boosted further by a gas discovery at the Lukah-1X well. 'Lukah-1X well successfully tested natural gas and condensate over two sand intervals. The intervals flowed at a rate of approximately 19.7 million standard cu ft per day of natural gas and 2.8 barrels of condensate per day,' SPC's report said. Following this, pipeline construction is expected to start in the second half to tie the recent gas discovery at Lukah to the production platform. Onshore, SPC says it is focusing on clean-fuel upgrading projects at its joint venture 285,000 bpd Singapore Refining Company refinery, but gave no details. SPC's annual report also shows that chief executive Koh Ban Heng got a pay rise last year. His remuneration was in the $2.25 million-$2.5 million band, up from $1.75 million-$2 million in 2005. | |||||||||||||||
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singaporegal
Supreme |
12-Apr-2007 21:31
Yells: "Female TA nut" |
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May be topping out soon.... both Acc/Dist and Chaikin charts are downturning | |||||||||||||||
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Livermore
Master |
12-Apr-2007 20:37
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Commodities investment guru Jim Rogers said on Tuesday that he expects oil prices to hit US$100 a barrel as part of a larger commodities bull run that could last another 15 years. With new oil discoveries struggling to keep up with rising demand from emerging economies in China and India, Mr Rogers said crude prices will surge past historical highs. "The surprise is going to be how high oil prices can stay and how high it goes. The old high for oil adjusted for inflation would be US$100 a barrel a day. We'll certainly get there agian, "added Mr Rogers who rose to fame as the co-founder of the Quantum Fund with Geroge Soros in the 1970s. Mr Rogers said that commodities are in the midst of a bull run that started in the late 1990s and that could last through 2022 until prices rise to a level where demand is finally sated." |
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tanglinboy
Elite |
10-Apr-2007 07:22
Yells: "hello!" |
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Will SPC fall today? Oil falls US$3 on easing middle east tentions NEW YORK (CNNMoney.com) -- Oil prices plunged over 4 percent Monday, driven down by heavy fund selling and unwinding political tensions in the Persian Gulf. U.S. crude for May delivery tumbled $2.77 to settle at $61.51 a barrel on the New York Mercantile Exchange. One trader attributed much of the fall to selling by the Goldman Sachs Commodity Index, a fund heavily invested in oil futures. Nauman Barakat, an energy trader at Macquarie Futures, the trading arm of Macquarie investment bank, said the fund sells the current month's contract and buys the next month's contract on the fifth trading day of every month - in this case selling the May contract and buying June's. "It's the Goldman roll," said Barakat. "It's like clockwork." Barakat said June's contract fell also Monday, although not by as much, and the difference between the May and June contract narrowed. Analysts also said Iran's decision to release the 15 British hostages it was holding since last month was easing prices. Although the sailors and marines were released last Wednesday, the news came on the same day the U.S. Energy Information Administration reported a big drop in gasoline stocks, which limited oil's decline. Plus, the NYMEX was closed on Friday for the Good Friday holiday. "The British sailors were reunited with their families on Friday, removing a source of buying from the crude oil market," Peter Beutel, an oil analyst at Cameron Hanover, wrote in a research note Monday. Oil prices jumped $4 to $5 shortly after the sailors were captured at the end of March, as traders feared it could spark a conflict with Iran, the world's fourth largest oil producer and exporter. Crude prices are now trading in the middle of their average range for the last several weeks, which has gone from around $55 to $65. But oil prices have swung widely in the last year, hitting a trading high of $78.40 last July before briefly falling below $50 at the start of 2007. |
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YongJiu
Veteran |
09-Apr-2007 22:28
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Hey singaporegal, so where did you heading to aft got stuck at the causeway for a while... Arrr I love F1, but this yrs I'm watching it from the square box =( |
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singaporegal
Supreme |
09-Apr-2007 22:00
Yells: "Female TA nut" |
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Hi chinkiasu, Nope... I didn't go to Cameron highlands. I had a hard time at the causeway though... the F1 race in Malaysia was havoc. |
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geojam
Member |
08-Apr-2007 16:40
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Is bonvests holdings=SPC? Chinkiasu For self interest,i have to say that SPC investment in tap oil is good. Cheers |
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liverpoolfc
Member |
08-Apr-2007 16:17
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Hi Fellow members , Please advise what you think about this counter Bonvest ? Beside paying good dividends, any idea about the fundament of this counter ?
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chinkiasu
Master |
08-Apr-2007 02:02
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dear Shplayer, I agree with you and so also most tap oil investors...... and that is why tap oil price shot up 13% ayah, Geojam sir... why you so like that.... we trying to psyhe each other up ... if SPC kana dupe we cannot get our coffin money leh.... ... but seriously, Livermore (actually should pronouce it as Live Forever More) is absolutely spot on re the long term prospects... we literally should keep this stock for our coffin money... ah hah, Sporegal, you are at moment as suggested by fortunegal, drinking Boh tea? | |||||||||||||||
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geojam
Member |
07-Apr-2007 22:51
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Surely kena dupe. | |||||||||||||||
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shplayer
Elite |
07-Apr-2007 21:09
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chinkiasu, Agree with you that the investment by SPC in TAP is a good move to develop its upstrean business. I think they have bigger aspirations with their association with TAP than this initial 4.7%. |
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Livermore
Master |
07-Apr-2007 20:15
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Business Times - Living with fluctuating oil prices The Asia Pacific represents approximately 25% of the world's oil and gas consumption, hosts 4.2% of the world's oil reserves, 10.25% of global oil population and 54% of the world's population. Investment and growth sentiment in the region has improved recently following the highest economic growth reported. In line with this economic growth, the Asia Pacific region has also recorded the strongest increase in primary energy consumption in the world, driven mainly by the expanding Chinese and Indian economies Demand for oil will remain strong, especially in the transport sector, with an expected increase in private car ownership in the fast developing economies (a point I made in my previous e-mail). It is predicted that the trend of increasing demand will continue and prime contributors to this growth are likely to be the developing economies. While companies work towards energy efficiencies and invest in new energy technologies and resorces, oil and gas is likely to remain critical to the world economy in the foreseeable future. Upstream market has been characterised and shaped by a number of challenges and realities. Many of the oil and gas companies have struggled to fully replace their reserves. There is a declining global reserve replacement trend. Overall, exploration and production strategies of big oil majors emphasise capital discipline as compared to the relatively aggressive strategies of small majors and independent oil producers. However many industry analysis believe that the conservative strategies of oil majors may further lower their reserve replacement levels. |
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singaporegal
Supreme |
07-Apr-2007 20:08
Yells: "Female TA nut" |
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Hi chinkiasu, I'm in our neighbouring country right now for a short holiday for this long weekend. |
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geojam
Member |
07-Apr-2007 08:56
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Livermore i note ur postimg.See u this coming august. Chinkiasu I am getting old.Have monopausal.Sometimes early bird,sometimes late bird. |
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chinkiasu
Master |
07-Apr-2007 04:22
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got you my friend!! hey you are an early bird... its just 0541hrs in Perth !! As for me I am going back to sleep.... | |||||||||||||||
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geojam
Member |
07-Apr-2007 03:41
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Chinkiasu Alamak,i tot i was in emailing mode.Too many email to answer,never mind have ur email add.will let u know more next time. just a bit of clarification.Tap oil jump 3x since 1999(50 cents to 1.50),during the same period,there were many shares in ASX that jump 5 or 7 times.It was just a comparison in my mind.It does not mean tap oil is not good. cheers |
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chinkiasu
Master |
07-Apr-2007 03:14
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sorry Shplayer, I was not clear... what I was trying to say was that my friend, who is substantially invested in Sydney, thinks that Tap Oil is a company with great potential (although Geojam is not too convinced), and in this respect, the fact that SPC is buying into the company is a sign that SPCmanagement has good foresight | |||||||||||||||
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shplayer
Elite |
06-Apr-2007 23:18
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Regarding TAP OIL investment........lets put it in perspective...... 4.7% of a company with market cap of $234 mil is about A$11mil or about $S13mil. Compare this with SPC market cap of about S$2.47 bil......or about 0.5% of SPC market cap........this is not too significant....isn't it?? |
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