Reading into yesterday's Press release.........please connect the dots yourselves.>>>
Was this the cause for yesterday's price drop?
Avalon purchase was completed last year and had earlier anticipated to start pumping in mid-2023.
"Dagang NeXchange Bhd (DNeX) said its 90%-owned subsidiary Ping Petroleum Ltd's final investment decision on Ping's proposed crude oil production within the Avalon oilfield in the North Sea is anticipated later this year, after the UK's North Sea Transition Authority indicated it had "no objection" to Ping's planned development concept for the oilfield. DNeX said that with a total estimated recovery of 23 million barrels of oil, production from Ping's second oilfield asset Avalon is scheduled to begin between mid-2024 and mid-2025, subject to availability of key materials and equipment."
The problem with the press release yesterday was that it will need $$$ to fund for the development in the next 2-3 years the earliest before the benefit can be realised.
TREVOR777, REMEMBER IT HUHUHU Reading into yesterday's Press release.........please connect the dots yourselves.>>>
Was this the cause for yesterday's price drop?
Avalon purchase was completed last year and had earlier anticipated to start pumping in mid-2023.
"Dagang NeXchange Bhd (DNeX) said its 90%-owned subsidiary Ping Petroleum Ltd's final investment decision on Ping's proposed crude oil production within the Avalon oilfield in the North Sea is anticipated later this year, after the UK's North Sea Transition Authority indicated it had "no objection" to Ping's planned development concept for the oilfield. DNeX said that with a total estimated recovery of 23 million barrels of oil, production from Ping's second oilfield asset Avalon is scheduled to begin between mid-2024 and mid-2025, subject to availability of key materials and equipment."
What is there to remember, Loser12.....trash like you are a dime a dozen. Everyday yelling 1.35....1.35...1.35 tomorrow. You have no knowledge of share valuation, Company Management, Company expansion planning and execution and worst of all not connected to this Earth.
DX is not as good as HB in the Oil/Gas, bcos Ping only 2000-3000 bopd, vs HB 23,000 BOEPD, but offset good news is by positive contribution from Silterra, that make DX is as good as HB as a whole, the next big thing is EV/Foxconn JV, that will push DX to above HB, only times can tell. HB will have a good QR next month as everyone expected, due to the sudden increase of production from 8000 to 23,000 due to Repsol deal, plus the High oil price due to Russian war. Both are good, I am keeping both waiting for 25/5.
Dx NOSH at 3.1 Billion and expecting to climb soon.
Hibby NOSH at 2 Billion......and no sight of any increase over the horizon.
Silterra requires RM640 M for expansion or stay status quo, although within the early few months of taking over, cleansed by MACC. Making some profits, nothing to shout about.
ONLY FOOLS THINKS A CHIP FOUNDRY IS THE SAME VENTURE AS EV MANUFACTURER.
Locally, Proton and Produa have embarked on EV plans and roll-out in 2025 and 2027.
Fox has JV in Thailand for EV.
Fox has EV Battery production in Indonesia.
Fox coming to Malaysia, perhaps for Nasi Lemak and Asam Laksa.......hehehe
In Malaysia the cost of Construction of an Automotive Production Plant, especially of EV in nature doesn't cost in billions of US$.....just RM255.63 sens!
Fox walked into the paddy fields of Kedah and told the rice growers. You have the best rice here. Let's JV for the best 5 star cuisine restaurant in town.
Silterra is a 200nm Chips foundry.....means they have the basic foundation for an Auto Plant??????????
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Winer21
913 posts
Posted by Winer21 > 2022-04-11 22:27 | Report Abuse
By Friday 1.35 cents