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| PEARL Energy |
(Post 1 of 907) 03/10/2005.17:07:36 |
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| (Post 2 of 907) 03/10/2005.17:07:49 |
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| (Post 3 of 907) 03/10/2005.17:11:19 |
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Pearls also can transform into energy arh ...  |
| (Post 4 of 907) 03/10/2005.17:15:50 |
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CLSA behind this...do your own assumptions. Good enuf for me |
| (Post 5 of 907) 03/10/2005.17:20:14 |
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Sorry I am new here..... Who or what is a CLSA?? |
| (Post 6 of 907) 03/31/2005.20:13:43 |
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| (Post 7 of 907) 03/31/2005.20:14:32 |
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let the countdown begins..  |
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| (Post 8 of 907) 03/31/2005.20:17:51 |
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When huh ? Hope the date is not crash with Sarin diamond baby so can Tikam this one for extra kopi $$$$$$$$ as well   |
| (Post 9 of 907) 03/31/2005.20:59:27 |
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Another no brainer |
| (Post 10 of 907) 03/31/2005.21:00:33 |
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PEARLS and DIAMONDS |
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| (Post 11 of 907) 03/31/2005.21:00:46 |
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| (Post 12 of 907) 03/31/2005.21:03:41 |
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Stock need your aircraft here |
| (Post 13 of 907) 03/31/2005.21:05:30 |
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Not listed yet..should place more emphasis on Sunpower. |
| (Post 14 of 907) 03/31/2005.21:07:23 |
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Yenrk 31 tons of seller leh. Can you buy them up. |
| (Post 15 of 907) 03/31/2005.21:55:33 |
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| (Post 16 of 907) 03/31/2005.21:58:03 |
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Tradesman, where's teddy? and your jersey? |
| (Post 17 of 907) 03/31/2005.21:59:49 |
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ya .. remember 10 4 ??? |
| (Post 18 of 907) 03/31/2005.22:05:03 |
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silver,
when its time to come, it'll come, leave it to the swiss |
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| (Post 19 of 907) 03/31/2005.22:11:48 |
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storm,
teddy on mc |
| (Post 20 of 907) 04/02/2005.14:59:34 |
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Good Timing especially with Goldman 105.
PEARL is the first oil and gas E&P company to list on SGX Mainboard, with producing, development and exploration assets in Indonesia,Thailand, Philippines. |
| (Post 21 of 907) 04/03/2005.08:18:55 |
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20th APR 60-75cts Timing couldnt be better
CLSA and DBS. |
| (Post 22 of 907) 04/03/2005.10:16:03 |
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Santos Achieves 16% Profit Improvement in 2004
Tuesday February 22, 10:08 pm ET ADELAIDE, Feb. 22 /PRNewswire-FirstCall/ -- Financial highlights * 16% increase in profit to $380 million. * A 21.5% jump in second half sales to $910 million - a record for any half in the Company's history. * Increase in basic earnings per share of 12.5% to 58.6 cents. * Final dividend of 18 cents per share, fully franked, resulting in a total dividend for 2004 of 33 cents per share fully franked (30 cents in 2003). Outlook Mr Ellice-Flint said Santos' production was expected to be up by some 15% to around 54 mmboe in 2005 and was forecast to rise by more than 10% in 2006. He said the production forecasts depended on performance of existing fields and timing and performance of new fields. Mr Ellice-Flint said the Company's financial performance was subject to oil prices, exchange rates and interest rates. A US$1 change in the oil price per barrel would lead to a A$16 million change in net profit after tax in 2005. A one US cent movement in the AUD/USD exchange rate would lead to a change in profit after tax of $8 million. A 1% change in interest rates leads to a change in net profit after tax of $9 million. "The year ahead will see Santos continue to advance the growth strategy across multiple fronts, including a major, potentially company-changing exploration program," said Mr Ellice-Flint. |
| (Post 23 of 907) 04/03/2005.15:19:54 |
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Pahlawan,
Mr Ellice-Flint said the Company's financial performance was subject to oil prices, exchange rates and interest rates. A US$1 change in the oil price per barrel would lead to a A$16 million change in net profit after tax in 2005. A one US cent movement in the AUD/USD exchange rate would lead to a change in profit after tax of $8 million. A 1% change in interest rates leads to a change in net profit after tax of $9 million. That statement above only applies to Santos, which has 54mmboe...what about Pearl? Do you know their production run rates? What about their reserves-- P1, P2 (or even P3)? I cant find that data. |
| (Post 24 of 907) 04/03/2005.17:34:05 |
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Warren I get u the P1 and P2 tomo or day after  |
| (Post 25 of 907) 04/03/2005.17:57:55 |
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P1 16mmbbl P2 28mmbbl as at July 04...but thk shud be more |
| (Post 26 of 907) 04/03/2005.18:19:08 |
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fy04 mbbl 2200 fy05 4600 fy06 6400
1P 16 2P 28 3P 34...which i thk might probably have more upside surprise |
| (Post 27 of 907) 04/05/2005.11:38:58 |
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Hi Pahlawan,
Thanks for that data. Based on the 2004 production flow-rates of 2200/bbl/day, their output approaches 800k/bbl/year, which gives a life of 20years based on their 1P reserves of 16mbbl. If the 2006 production increases to 6400bbl/day, the 1P reserve life drops to 6.8yrs. Would be interesting to know their lifting cost, minimum price of oil at which they will break even? Any more data of their valuation matrix for this IPO? |
| (Post 28 of 907) 04/05/2005.14:35:52 |
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Pahlawan,
Ooops..made some mistakes in previous posting, please ignore. I did not see the production flow-rates as million bbl per annum, actually thought these were flow-rates per day basis. So any thoughts on what sort of grey price is happening here? |
| (Post 29 of 907) 04/05/2005.14:37:33 |
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Any idea when this one started to list? |
| (Post 30 of 907) 04/05/2005.15:19:47 |
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20th APR |
| (Post 31 of 907) 04/05/2005.15:22:17 |
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Get your aircrafts ready.. |
| (Post 32 of 907) 04/05/2005.15:26:36 |
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CLSA offering..... Any idea besides them who to approach for placement? |
| (Post 33 of 907) 04/05/2005.15:28:16 |
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another place, vicky |
| (Post 34 of 907) 04/05/2005.15:31:35 |
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Tradesman....oil barrels you mean. |
| (Post 35 of 907) 04/08/2005.19:01:10 |
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IMF: Oil could hit $100, hurt growth
Global lending organization says prices will remain volatile through 2030, posing 'serious risk.' April 7, 2005: 3:40 PM EDT Are Oil Prices Too Low? Energy expert Dr. Stephen Leeb thinks they may go much, much higher. Sign up to... www.usfunds.com American Petroleum Institute Learn more about oil prices from the American Petroleum Institute. api-ec.api.org Oil Price Scenarios Crisis, crunch, or crumble? What are the likely oil price scenarios in the next... www.globalinsight.com Discount Home Heating Oil Home heating oil. Save as much as $.50 per gallon. www.consumers-energy.com WASHINGTON (Reuters) - China's growing thirst for petroleum, tight supplies and little spare production capacity will keep oil prices volatile through 2030, with the possibility of spikes as high as $100 a barrel, the International Monetary Fund said Thursday. "In short, it will continue to be a rocky ride going forward, with a wide band of uncertainty surrounding high expected prices," said Raghuram Rajan, the IMF's chief economist. As living standards improve in China, India and other developing nations, oil demand will increase, especially for cars and trucks, Rajan told reporters. The IMF forecast indicates that China will be consuming nearly as much oil in 2030 as the U.S. consumes now. Currently the U.S. consumes about a quarter of the world's oil production. "The oil market will remain tight in the coming years, and high and volatile oil prices will continue to present a serious risk to the global economy," the IMF said in its semiannual World Economic Outlook report. Through 2010, oil prices will be subject to large swings as non-OPEC producers try to meet incremental demand. "Since the prospects for higher spare capacity are unfavorable, the market will likely remain tight and vulnerable to shocks," it said. From 2010 through 2030, after non-OPEC output has peaked, the world will be more dependent on the Organization of Petroleum Exporting Countries to meet demand. That will also bring "growing upside risks to prices," the report said. The IMF forecast average world oil prices in a range of $39 to $56 per barrel in 2030, as expressed in 2003 dollars. That would represent a range of $67 to $96 per barrel in nominal terms. For 2005, the average world oil price will be about $52.23 a barrel, IMF analysts said. That is sharply higher than the $37.25 a barrel than the IMF forecast in its September report. $100/Barrel oil possible U.S. crude oil soared to a record high of $58.28 per barrel on Monday in a buying frenzy triggered by a Goldman Sachs forecast that prices could spike as high as $105 per barrel. Rajan said such a high price was possible. "To the extent that there is some kind of supply disruption, $100 a barrel does not seem outlandish," he said. "Is it the most likely scenario? I think not necessarily. It depends on how the market evolves." The new IMF report estimated world oil demand will grow to 138.5 million barrels per day in 2030 from 82.4 million bpd in 2004. Significant growth will come from China, which was forecast to consume 19 million bpd of oil in 2030, more than triple the amount used in 2004, the IMF said. Rising incomes in China mean its motor vehicle ownership rate will soar to an estimated 267 vehicles per 1,000 people in 2030, up from just 16 vehicles per 1,000 people in 2002. By comparison, the United States is forecast to have 843 vehicles per 1,000 people in 2030, up from a rate of 812 in 2002. Demand for OPEC oil will more than double to a range of 61 million to 74 million bpd by 2030, the IMF said. To meet that demand, cartel members would need to invest about $350 billion to increase production capacity, it said. However, one economic model suggests that OPEC's optimal world oil market share is 41 percent to 46 percent for cartel members to balance gains from higher output against the resulting lower prices. That would put OPEC output at 52 million to 59 million bpd in 2030, the IMF said. "Consequently, OPEC may not have an incentive to significantly increase its current market share of just below 40 percent," it said. |
| (Post 36 of 907) 04/11/2005.17:10:42 |
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IPO Opening Alert!
PEARL Energy Limited IPO launched! Subscription price: S$0.70 per share Closing on : 18th April 2005 / 12:00 noon Singapore-based PEARL Energy, an oil and gas company, seeks Main Board listing Introduction PEARL Energy is a Singapore-based oil and gas company engaged in the exploration, discovery, development and production of oil and gas exclusively in Southeast Asia. The Directors believe that by operating in Southeast Asia, PEARL Energy is well-positioned to benefit from the following factors: • oil prices in 2003, in nominal terms, were the highest in 20 years. IPE Brent Crude Price averaged US$28.83/bbl of oil during 2003, reaching a maximum of just under US$35.00/bbl on 10 March 2003. We observed oil prices continuing their upward trend in 2004 and 2005, exceeding US$50.00/bbl in the first quarter of 2005; • the increase in the IPE Brent Crude Price in 2004 and 2005 has been, in part, a result of a long term increased demand from the PRC and other Asian economies with a further increase beyond our base price assumptions reflecting general instability in oil-producing countries; • in the Asia Pacific region, oil consumption was up by approximately 860,000.00 bopd or 4.0% for 2003. Gas consumption also increased in 2003 by 5.7%; • oil and gas demand continues to grow in Southeast Asia and the PRC. Their import requirements will be a major factor as they seek to acquire a consistent source of primary energy supply; • we believe that much of the new power generation capacity in Southeast Asia will be fuelled by gas, which will, in turn, require the steady development of a trans-national gas pipeline infrastructure; • the gradual integration of the existing transmission pipeline systems in Southeast Asia will boost further regional economic growth and bring economic viability to presently “stranded” gas reserves that are in the vicinity of pipeline systems; • we believe that the Southeast Asian region remains highly prospective for medium-sized discoveries as it contains over 130 known oil and gas basins, of which 60 are located in Indonesia; and • as global demand for oil and gas continues to grow, we believe large oil companies are increasingly seeking to channel more resources away from the proven oil and gas provinces of Southeast Asia for newer deepwater and ultra deepwater regions with large reserve potential such as in the Gulf of Mexico, Brazil and West Africa. This provides our Company with the opportunity to exploit a growing niche in production and development of medium-sized fields in Southeast Asia. Business Overview PEARL Energy is involved in activities ranging from data acquisition and interpretation to the drilling of exploration, delineation and development wells, the construction of production facilities and the production and sale of oil and gas. The company carries out geological field work and field acquisition of data such as 2D and 3D seismic data. It then analyse and interpret data to identify areas favourable to the discovery of oil and gas. Exploration wells are drilled to assess the potential reserves available. If a successful discovery is made, PEARL Energy we will drill delineation and development wells and construct production facilities. This allows PEARL Energy to extract oil and gas from their fields which it then sell. The management and staff have many years of combined experience working in Southeast Asia within the oil and gas industry. They believe the Group is well-positioned to explore, discover, develop, produce and sell oil and gas. PEARL Energy has assembled a diversified portfolio of oil and gas interests and will expand its business by continuing to apply the strengths that have allowed it to build business in a relatively short period of time. Strengths It believes that the following are PEARL Energy’s competitive advantages in relation to operations: • senior management and key employees have proven E&P track records in Southeast Asia; • assembled an extensive library of data within its core areas; • skills in data collection and interpretation, as well as presentation to third parties, enable it to attract suitable joint venture partners for projects, therefore mitigating risk and defraying costs; • focused on five core areas within Southeast Asia where it has developed significant experience and knowledge; and • principal investors provide complementary benefits to our business. Strategies and Future Plans The strategies and future plans are summarised as follows: • to leverage on the Company’s significant experience in Southeast Asia; • to increase production levels by developing undeveloped reserves; • to commercialise the contingent and prospective oil and gas resources located in the Group’s existing contract areas; • to exploit existing exploration acreage in Southeast Asia; • to increase exploration acreage portfolio by entering into new agreements in specific countries in Southeast Asia; • to continue selective and focused acquisition and divestment program of development and producing assets; and • to target “stranded” reserves. Invitation Stats Invitation in respect of 110,901,000 New Shares of US$0.125 each comprising: (a) 5,546,000 Offer Shares at S$0.70 each by way of public offer; and (b) 105,355,000 Placement Shares by way of placement, comprising: (i) 99,309,000 Placement Shares at S$0.70 each for applications by way of application forms; (ii) 500,000 Internet Placement Shares at S$0.70 each for applications made through the Internet website of DBS Vickers Securities Online (Singapore) Pte Ltd; and (iii) 5,546,000 Reserved Shares at S$0.70 each reserved for our employees and business associates of our Group and others who have contributed to the success of our Group, payable in full on application. Useful Links - Download PEARL Energy Limited IPO Prospectus - Sign up for FREE Email Alerts Here - Download Financial Highlights Here The offer of the shares in the capital of PEARL Energy Limited is made in a copy of its Prospectus dated 11 April 2005 and anyone wishing to acquire such shares will need to make an application in the manner set out in the Prospectus. The information in this summary is qualified in its entirety by and is subject to the more detailed information and financial statements (including the notes thereto) appearing in the Prospectus. Prospective investors should carefully consider all the information presented in the Prospectus, particularly the matters set out under "Risk Factors" before making an investment decision. |
| (Post 37 of 907) 04/11/2005.17:14:43 |
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Wah! oil and gas play.. sure.. hot hot |
| (Post 38 of 907) 04/11/2005.17:24:20 |
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Apply pearl, then why not buy Ezra?? The financial condition and revenue (net earning) growth in the past of Ezra is far better than Pearl?? Can any one make a comparison of these two???  |
| (Post 39 of 907) 04/11/2005.18:17:39 |
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BUY |
| (Post 40 of 907) 04/11/2005.19:02:59 |
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| (Post 41 of 907) 04/11/2005.21:20:24 |
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Pahlawan..a 3 year old company from Indonesia looking for listing...any interest? Sector is oil and gas... |
| (Post 42 of 907) 04/12/2005.09:39:22 |
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PEARL ENERGY LIMITED
Singapore-Based PEARL Energy, An Oil And Gas E&P Company, Launches S$77.6 Million IPO Please view Press Release here. |
| (Post 43 of 907) 04/12/2005.10:25:10 |
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a little expensive |
| (Post 44 of 907) 04/12/2005.11:30:15 |
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This is super hot issue. Gray I heard is already up 8 cents. Oil and gas sector is red hot. The escalating oil prices will help this company a lot in their explorations.
If you guys are in Raffles Place, can go down during lunch time to their IPO LAUNCH at Fullerton. Time: 12.30 p.m. (Buffet luncheon) Food aside, go to understand from the angmohs directly. I will be there. After that, all of us who attended can post our reviews and comments in here. How about that? |
| (Post 45 of 907) 04/12/2005.11:33:10 |
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From:
http://www.listedcompany.com/ir/pearlenergy/web/index.cgi?content=profile&header=1 Singapore based PEARL Energy Limited is an oil and gas company engaged in the exploration, discovery, development and production of oil and gas exclusively in Southeast Asia. PEARL Energy's origins date back to 2002 when Keith G. Cameron, Christopher Gibson-Robinson and Richard Allan Lorentz Jr decided to utilise their collective experience, derived from approximately 65 years collectively in the oil and gas industry in Southeast Asia, together with seed capital from PT Austindo Nusantara Jaya, to develop an independent, geographically-focused oil and gas E&P company. PEARL Energy has assembled the tools and talents to economically explore and produce oil & gas, whether from onshore and offshore locations, throughout Southeast Asia. Leveraging on the Group's expertise and experience in Southeast Asia, PEARL Energy has in a short time frame built up a balanced asset portfolio with interests in 9 contract areas covering approximately 33,000 sq km of gross acreage located in Indonesia, Thailand and the Philippines. Of the 9 contract areas, three contain fields that are already producing oil and provide a source of cashflow for the Group as it develops and explores its prospective assets. 2 contract areas contain fields that are in the development stage and are expected to begin producing oil and gas in the near future. The Group has an active development programme and expects to drill 49 development and delineation wells in 2005 and 2006. All of the company's 9 contract areas contain exploration prospects. The Group has an active exploration drilling programme to evaluate exploration prospects and leads in its nine contract areas that its technical team has identified as potentially containing oil and gas. The Group expects to drill 22 exploration wells during 2005-2006. During 2003 and 2004, the Group participated in drilling nine exploration wells of which five have been successful. |
| (Post 46 of 907) 04/12/2005.11:35:20 |
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Look at the drop of oil VERY carefully.
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| (Post 47 of 907) 04/12/2005.11:38:29 |
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Looks like a time bomb |
| (Post 48 of 907) 04/12/2005.11:42:21 |
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actually i was tinking ...
can ppl use this stock as a hedge agst increasing oil prices, should it continue to go up and hit 60 and beyond ... since not everyone is able/ sophiscated enuff to trade in oil futures ... include this in your stock portfolio consisting of divdend play, re-structuring, growth, punting, blue chips etc ... any comments ? |
| (Post 49 of 907) 04/12/2005.11:45:00 |
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Tradesman, what hidden numbers? pls enlighten? I would like to hunt them down.
Yes, every investor should ideally have an oil and gas stock in his portfoilio as an excellent hedge against fierce oil prices hikes in the future. Ny fav O&G stocks is Advanced Holdings. |
| (Post 50 of 907) 04/12/2005.11:45:54 |
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Please look at this very carefully..
The Group expects to drill 22 exploration wells during 2005-2006. During 2003 and 2004, the Group participated in drilling nine exploration wells of which five have been successful. Using their past experience, it could mean that after drilling 22 wells, 10 wells could be unsuccessful! I'm not sure what is the big player's success rate. But looking at the success rate of oni 55% macam like throwing a coin in the air and c whether it is head or tail. (If head, then drill. Else drill somewhere else) This is a very very risky business.
Like many ppl say.. high risk high reward. But I'm not too sure whether this Pearl could translate high reward to shareholders.. |
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