KrisEnergy - Ca Ngu-1 exploration well begins drilling offshore Vietnam
Singapore, 21 October 2013 – KrisEnergy Ltd.(“KrisEnergy” or “the Company”), an independent upstream oil and gas company, is pleased to announce that on 21 October 2013, the Songa Mercur semisubmersible rig began drilling the Ca Ngu-1 exploration well in Block 120 offshore central Vietnam.
The Ca Ngu-1 exploration well is planned to reach approximately 1,500 metres total vertical depth subsea and is intended to test the Ca Ngu oil and/or gas prospect. Water depth at the Ca Ngu-1 location is approximately 270 metres.
“We originally acquired an interest in Block 120 in 2010 and following 2D and 3D seismic acquisition and interpretation, we are excited to be finally drilling Ca Ngu-1, one of several prospects in the contract area. The single well to have been drilled in the current boundaries of Block 120 was in the early 1990s and encountered oil,” said Chris Gibson-Robinson,KrisEnergy’s Director Exploration & Production.
Block 120 covers an area of 8,574 sq km overlying the Quang Ngai Graben and the Tri Ton Horst where water depths range from 50 metres to 1,100 metres. The graben connects the Song Hong and Qiongdongnan basins in the north to the Phu Khanh Basin in the south. KrisEnergy holds a 25% working interest in Block 120 and is partnered by Eni Vietnam B.V. as the operator with 50% working interest and Neon Energy (Song Hong) Pty Ltd with 25%.
Phillip Securities - Important Notice: SGX ends designation on Asiasons Capital, Blumont Group and LionGold Corp
21 Oct 2013
Please be informed that SGX will end the designation on Asiasons Capital, Blumont Group and LionGold Corp on 21 Oct 2013 (Monday).
Clients will be able to submit their orders and trade through their trading representatives.
Online trading will resume from 22 Oct 2013 (Tuesday).
QUESTIONS AND ANSWERS
1. For stocks bought during the period of designation, will investors be allowed to sell the stocks before the purchases are settled on T+3?
Yes. Following the ending of the designation, stocks bought during the period of designation can be sold prior to the settlement of the trades on T+3.
2. Do sellers of the stocks still have to show satisfactory evidence that they own
sufficient quantities before brokers can execute a sell order?
No. There is no longer a requirement for sellers to show proof of ownership of stocks before brokers can execute a sell order.
3. For purchases of the stocks, do investors still need to make cash payment upfront before brokers can execute a buy order?
No. Upfront cash payment is no longer required by SGX before brokers can execute a buy order. This is subject to trading restrictions that brokers may impose as part of their credit risk management policy.
4. Is short selling now allowed?
Yes. Short selling will now be allowed.
5. Is contra trading now allowed?
Yes. Contra trading will now be allowed.
6. Is trading on margin financing now allowed?
Yes. Trading on margin financing will now be allowed, subject to individual broker’s risk management policy.
7. Is internet trading now allowed?
Poems internet trading will be available from 22 Oct 2013 (Tue).
8. How will SGX treat breaches of trading restrictions imposed on the designated stocks?
Trades done during the period of designation are subject to trading restrictions. Any breach of such restrictions will be reviewed by the SGX to determine the appropriate regulatory action.
Midas wins high-speed train contracts in China worth RMB167.5m
For supply of key profiles and parts.
Midas Holdings Limited announced that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd, has been awarded contracts by CNR Changchun Railway Vehicle Co., Ltd and CNR Tangshan Railway Vehicle Co., Ltd to supply aluminium alloy extrusion profiles and certain fabricated parts for the manufacture of high speed trains.
The contracts are worth an aggregate sum of RMB167.5 million.
Mr Patrick Chew, Executive Director and Chief Executive Officer of Midas, said, “We are delighted that our major customers continue to place their trust in our capability and performance. Through these contract wins, we will supply aluminium alloy extrusion profiles and certain fabricated parts for high speed trains that will operate at speeds up to 350km/hr. Our ability to compete and win contracts at this level positions the Group well to benefit from the developments in China’s passenger rail transportation sector.”
The contracts are expected to contribute positively to Midas’ financial performance from 2013 to 2014.
Pacific Radiance launches Singapore IPO to raise over $100m
Plans to start trading in November.
According to Bloomberg's report, Pacific Radiance Ltd., an owner and operator of offshore vessels, started an initial public offering in Singapore that may raise more than $100 million, said two people with knowledge of the matter.
The Singapore-based company began evaluating investor interest in the share sale last week, the people said, asking not to be identified as the process is private. The company plans to start trading next month, they said.
StarHub Group - Financial Results for the Third Quarter and Nine Months Ended 30 September 2013
Description
StarHub will be announcing its Group's financial results for the third quarter and nine months ended 30 September 2013 on 7 November 2013, after the close of trading of the Singapore Exchange Securities Trading Limited.
