priceearningratio wrote:hi wichawd,
available in COL for their clients. last year we can browse until 6 months but sad to say for now they reduce to 2months nalang.
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All-in n ako sa OV. Wala na talaga akong nilaang pera sa ibang stocks . Pero may kaunting kaba pa rin dahil hindi ako marunong tumingin kung panay "wishful thinking" lang ang mga posts dito (parang sa LC thread one month ago), o talagang malayo ang mararating nitong stock.
FPSO is expected to pump out oil this month (mid march), then move ahead to phase 2
Galoc oil fields has been re-assessed and found to be more reserve than previously held.
Galoc will expect to produced oil trough 2018
IRAN tension…remember increasing Oil price is not yet over, we better wait till July for the full implementation of US and European sanction to Iranian oil.
Metro’s TP of .08 is very conservative…ALL my fund are already IN.
«big things has small beginnings.»
Nido raises reserves estimate at Galoc oil field
MANILA, Philippines – Nido Petroleum Ltd. said reserves at the Galoc oil field located off Palawan may run up to 14.44 million barrels with a 90 percent chance of recovery.
Phil Byrne, Nido chief executive told the Australian bourse that an audit done by Gaffney Cline and Associations (GCA) last December yielded 1P reserves that are 16.45 percent higher than the 12.4 million barrels previously held.
The Australian exploration company said reserves with a 50 percent change of recovery – called 2P – were estimated at 22.89 million barrels, or 23 percent higher than the previous estimate of 18.6 million.
Reserves with a 10 percent chance of recovery, or 3P, would likely run to 29.44 million barrels, or 11.94 percent more than the previous estimate of 26.3 million.
"The reported increase [is] attributable to better than expected reservoir performance during the second half of 2011," said Byrne.
The Galoc field, which has two wells, has yielded 8.46 million barrels of crude since production started in October 2008.
Considered the country’s biggest oil find to date, the Galoc field is expected to produce oil through 2018.
The oil field is covered by Service Contract 14C1, and is 22.879 percent owned by Australia’s Nido.
Nido is part of Galoc Production Co., which also includes Oriental Petroleum & Minerals and Linapacan Oil Gas & Power Corp., which holds 7.79 percent; Philodrill Corp., 7.21 percent; and Forum Energy Philippines Corp., 2.28 percent.
SOURCE: http://www.interaksyon.com/article/2585 ... -oil-field
mga boss question lng..if ..Oriental Petroleum & Minerals and Linapacan Oil Gas & Power Corp owns... 7.79% galoc field equity...are OPM and linapacan sister companies? does it mean OPM owns 3.85% and lincapacan owns the other 3.85% or the OPM owns the whole 7.79%?
istaks, ok lang yan. Optimistic naman ang take sa OV. As for me, 80% ako sa MBT. 20% sa PX. Kung sa OV, I believe Gus Cosio's comments. Marami ako sa MBT because boss Gus said so. PX, because of Sir roiking. Pero syempre I did my homework, too. Kaya eto happy sa MBT now. Hehehe. Well, trade at your own risk. Happy investing!
Hopefully 203 (col) is one of us selling and not one or more of the big houses
OPM has three wholly owned subsidiaries, namely,Oriental Mahogany Woodworks, Inc., Linapacan Oil Gas and Power Corporation, andOriental Land Corporation.
There are 2 kinds of failure: " Thinking without Action and Action without thinking "
good closing for OV today, im glad that 143 didnt sell that much, im still looking to add on dips, im in here and OPM for a speculation that galoc II will have positive results, but if ever theres bad news coming broker 143 is the broker i would watch for OV, and also the gap at around 0.04 would be a concern, but so far, everything has been good for OV, nice consolidation at around 0.050's level with good volume, changing of hands, maybe poised for another run up towards 0.06
questions lng mga boss.... if OPM has a bigger share compared to OV...why is OPM not doing well compared to OV in terms of Earning? is the money mismanaged? or is the 3 other wholly owned subsidiaries losing a lot of money?
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