Nov 25, 2014 - SINGAPORE (Nov 25):
UOB-KayHian has maintained its “buy” call on KrisEnergy with a target price of $1.18 cents. ... With the strong production volumes partially offset the impact of lower oil prices, KrisEnergy’s 3Q14 revenue rose 33.4% from a year ago to US$18.2 million.

^^ This broker recommendation from 2014.
The share price was .84 cents.
The earnings were $18 million.
The price of oil was $87/barrel.

Today
Oil price less than $60/barrel
Losses $1-200 million annually for past 3/4 years
Share price .03 cents

Company's health >>>

Cambodia’s Block A offshore Apsara oil field is in crisis as Singapore-based KrisEnergy attempts to restructure nearly $500 million in debt after filing for bankruptcy in August.

Block A was supposed to produce Cambodia’s first crude oil next year but analysts are beginning to doubt the firm will reach its goal as it continually struggles with the repayment of hundreds of millions of dollars to banks and foreign creditors.
The firm is saddled with $476.8 million of debt and has already stopped principal loan and interest repayments since August.
“Cambodia’s plan to produce its first crude oil by 2020 appears to have hit a new snag after Singapore’s KrisEnergy filed for bankruptcy in August amid low oil prices and weak oil and gas production,” stated a report by Fitch Solutions Macro Research.

KrisEnergy requested six months of court protection from banks and creditors but was denied at a hearing Monday.
The Singaporean court denied the six month request and ordered the firm to restructure its debt in three months time.

Delicious.
KrisEnergy is going to officially collapse on the very day this ^^ mega, 3000pp, regional oil and gas conference starts in Sihanoukville.

That will be a big reality check
for all the oil industry cowboys and stock exchange scammers.


.

Kingdom, Czech Rep fortify mine, energy development cooperation
06 October 2019

Cambodia and the Czech Republic are working to strengthen bilateral cooperation on mine and energy development, Ministry of Mines and Energy official Yos Monirath said on Sunday.

On Friday, the two countries signed a memorandum of understanding (MoU) on “Mineral Resources Cooperation in the Field of Geological Research and Technical Assistance”.

This will pave the way for Czech businessmen to invest in Cambodia, said Monirath, who is the director-general of the ministry’s General Department of Mineral Resources.

The MoU was signed between the department and the Mineral Policy Department under the Czech Republic’s Ministry of Industry and Trade.
https://www.phnompenhpost.com/business/ ... ooperation

UAE firm sets sight on oil in Kingdom
By Phnom Penh Post - December 13, 2019

Mubadala Petroleum, one of the UAE’s largest oil and gas companies, is looking for investment opportunities in the Cambodian oil sector, said a senior official at the Ministry of Mines and Energy.

Mubadala Petroleum CEO Mazin al-Lamki expressed interest in investing in Cambodia’s oil sector during a meeting on Wednesday with the ministry’s secretary of state Meng Saktheara.

The ministry’s General Department of Petroleum director-general Cheap Sour told The Post on Thursday that with the company’s expertise and experience, the ministry welcomed its investment in offshore and onshore blocks.

In full: https://www.phnompenhpost.com/business/ ... il-kingdom

Oil Exploration in Block D Oilfield to Begin This Year
February 14, 2020 --

Cambodia Resources Energy Development Co. is going to conduct oil exploration in the offshore Block D oilfield, after being granted an exploration license.

The company entered an agreement with the Ministry of Mines and Energy in December last year.

H.E. Cheap Sour, Director General of Petroleum at the Ministry of Mines and Energy, said that the signing of agreement is to allow the company to conduct studies and search for oil in Block D, which starts from 2020.

Under the agreement, the company can begin to explore oil from seven to ten years, he said, adding that if the company finds any oil in Block D, it can continue its development for 30 years.

Block D is an offshore concession spanning 5,500 square kilometers and lying over the Khmer basin, an area in Cambodian waters in the Gulf of Thailand.

This is the second petroleum agreement signed so far, after KrisEnergy. This Singapore-based company is currently developing the Apsara oilfield’s Block A. It schedules to extract oil in the first semester of this year, as the company is now preparing the platform for the work.

By Chea Vannak
https://www.akp.gov.kh/post/detail/26052

Oil deal expected with Canadian firm
Thou Vireak | Publication date 02 March 2020 | 23:01 ICT

The government and Canadian firm EnerCam Co will soon sign an oil exploration agreement for Block VIII in Preah Sihanouk province, a senior official at the General Department of Petroleum said on Monday.

General Department of Petroleum director-general Cheap Sour said the Ministry of Mines and Energy said it is currently negotiating an agreement with Canadian firm EnerCam Co to explore Block VIII.

“I hope we will be reaching an agreement on oil exploration with the company soon as negotiations are underway,” he said.

Sour told The Post last month the ministry is prioritising attracting more investors to the mines and energy sector in the Kingdom.
https://www.phnompenhpost.com/business/ ... adian-firm