RH Petrogas is one of the rare SGX companies with an active oil producing site and armed with a few E&P projects. It generated US$40 million worth of oil revenue in 1H 2012.
I chanced upon a Nextinsight article (dated 21 August 2012) detailing about the Company's plans ahead -
http://nextinsight.net/index.php/story-a...h-petrogas-
(Not Vested)
Another potential M&A situation.
http://http://infopub.sgx.com/Apps?A=COW...3tWs9oayK0
In my opinion, the take-over premium would have to be significant (say $1 share) in order for the controlling shareholders to sell given that there is a potential imminent catalyst for the share price if the development plan for the Fuyu field, in China, is approved. OSK has estimated the NPV of this field at 60 cents a share. OSK has a $1.23 target price on this stock.
(Vested)
Resources based companies corporate actions can be all or nothing since the valuations of which hinges on whether there are resources or not...
Good luck...
(20-05-2014, 09:30 PM)GreedandFear Wrote: [ -> ]Another potential M&A situation.
http://http://infopub.sgx.com/Apps?A=COW...3tWs9oayK0
In my opinion, the take-over premium would have to be significant (say $1 share) in order for the controlling shareholders to sell given that there is a potential imminent catalyst for the share price if the development plan for the Fuyu field, in China, is approved. OSK has estimated the NPV of this field at 60 cents a share. OSK has a $1.23 target price on this stock.
(Vested)