hi, what i feel about this is that it is operators shares and any one who buy this shares will trapped
so beware On Sat, Aug 22, 2009 at 9:27 AM, Harish CSingh <hcsingh0...@gmail.com>wrote: > > Hello Sonia, > > Grateful if you could advise your target for Interlink Petroleum with > a one year horizon. > Volumes are really low in this script !! > > Many thanks. > > Best regards, > Harish > > > > > On 8/21/09, SS <soniasharma.in...@gmail.com> wrote: > > - *mARKET CAP OF THIS COMPANY IS JUST 60 CRORES WHEREAS PROMOTERS ARE > > HOLDING 60% DIRECTLY AND 12% THRU PERSONS ACTING IN CONCERT* > > - *THE COMPANY HAS BEEN BOUGHT OVER BY JIT SUN, A SINGAPORE > CONGLOMERATE > > AND INVESTMENT ARM OF ZURONG GROUP .THEY MADE AN OPEN OFFER AT 16-17 > PER > > SHARE FOR 20% LAST YEAR * > > - *THE PROMOTERS ARE A WELLKNOWN GROUP IN OIL ASSET MANAGEMENT AND > HAVE > > CLIENTS LIKE EXXON AND CHEVRON IN WEST AND CHINA PETROLEUM IN EAST* > > - *IF YOU COMPARE THE FIELDS THEY ARE ADJACENT TO HOEC (INFACT EXACTLY > > ADJACENT TO IT)* > > - *THE POTENTIAL IS 12000 BOPD FROM EACH BLOCKS AGAIN SIGNIFICANTLY > > HIGHER THEN HOEC* > > - *THEY HAVE LAUNCHED A NEW COMPANY INTERLINK PTE REGISTERED IN > SINGAPORE > > .tHE COMPANY IS AQUIRING OIL ASSETS AT A VERY CHEAP RATES * > > - *WITH NEW MANAGEMENT WE CAN EXPECT THIS COMPANY TO REACH A NEW > HEIGHTS > > JUST EXACTLY WHAT HAS HAPPEN WITH HOEC which have now have a market > cap > > of > > 4000 crores WHEREAS INTERLINK HAS ONLY 60 CRORES * > > > > ** > > ** > > ** > > ** > > ** > > *Interlink Petroleum Limited (IPL)* is a public limited company, > > incorporated in 1993 under the laws of India and listed on the Bombay > Stock > > Exchange. Since 1995, *IPL* has been engaged in the exploration and > > production of oil & gas. > > > > Following the opening up of the hydrocarbon sector by the Government of > > India to attract private investment, *IPL* was among the first few > private > > sector companies to be awarded the rights to develop the Baola field in > > Gujarat. *The Production Sharing Contract (PSC)* for Baola was signed in > > 1995. This was followed, in 2001, by the award and signing of the > Production > > Sharing Contract for Modhera field also located in Gujarat. > > > > Both the fields are located in the petroliferous Cambay basin which has > > excellent infrastructure and are in close proximity to the local market > for > > oil and gas. Upon the grant of permission to produce in 2001, and after > > carrying out necessary work, *IPL* started production of gas @12000 > Standard > > Cubic Metre from Baola field through Baola well # 1, and supplied gas to > the > > consumers in the local area. The *Mining Lease (ML)* for the field was > > granted in 2004. However, production had to be suspended due to water > > ingress in the well by end of 2004 > > > > In 2008, M/s Jit Sun Investments Pte Ltd., a company incorporated under > the > > laws of Singapore, assumed majority stake in *IPL* with infusion of fresh > > capital. With the resultant change in ownership, *IPL* plans to revive > the > > Baola field by acquiring 3D seismic data and drilling of additional > well(s) > > by 2010 to resume production. > > > > With respect to Modhera field, the PSC was signed in 2001 and the Mining > > Lease was issued in November, 2008. *IPL* is in the process of acquiring > 3D > > seismic data in the field in 2009 to define topographic sub-surface > > structures utilizing latest technology to help identify reservoir > locations > > and specify drilling locations. > > > > The induction of new Directors to the Board of *IPL* with vast experience > in > > the oil and gas industry enables *IPL* to move ahead and transform itself > > into a vibrant and innovative Exploration & Production company. > > > > *Existing Asset Overview : Baola field in Gujarat, India* > > > > - Field Discovery in 1971 > > - Discovery well Baola 1 > > - Area 4 Sq. Km. > > - Depth of Top of Reservoir 880 metres > > - No. of wells 2 (Baola 1 & 5) > > - Baola 1 tested gas @ 36225Cu.m/d (6mm bin) > > - Baola 5 tested gas @32130Cu.m/d (6mm bin) > > - PSC signed on 5th April 1995 > > - Mining Lease granted in March 2001 > > - Gas Supply from Baola 1 @12000 Cu.m/d from June 2001 to June 2004 > > - Supply stopped due to water ingress > > > > > > > > *Existing Asset Overview : Baola field* *Action Plan :* > > > > *Reprocess Existing Seismic data & well date to > > determine possibility of well intervention * > > *Acquistion, processing and Interpretation of 2D > > (infill)/3D Seismic data * > > *Drill a new well and start production of gas fpr supply * > > > > *Existing Asset Overview : Modhera field in Gujarat, India* > > > > - Field Discovery 1982 > > - Discovery well Modhera 1 > > - Area 12.7 Sq. Km. > > - 2D Seismic 1976-1986 > > - Depth of Top of Reservoir 898 metres > > - No. of wells 1 (Modhera 1) > > - Highly viscous Oil shows at 964-972 mtrs. while testing > > - PSC signed on 23rd Feb 2001 > > - Mining Lease granted in Nov 2008 > > - Oil supply agreement with Indian Oil. > > > > > > > > *Existing Asset Overview : Modhera field* > > > > - One well drilled Modhera # 1 projected to 2500m targeting Kalol as > > primary and deeper secondary targets. > > - Stuck during drilling at 1822m. Side-tracked from 1917m and drilled > to > > 1798m. Stuck again & terminated drilling. 9-5/8 casing set at 1010m. > > - Secondary deeper Cambay shale and Olpad target not achieved. > > > > *Action Plan : Modhera field > > > > * *Reprocess existing Seismic data and study of existing well logs * > > *Acquisition, processing and interpretation of 3D Seismic * > > *Drilling of well(s) to also explore Olpad formation (2500m), build > > infrastructure like EPS etc. and start production of oil and supply * > > Board of Directors *& Management* > > > > > > > > *B.C Bora, Chairman* > > Mr B. C. Bora is a petroleum engineer with a Bachelors degree in > Mechanical > > Engineering from Banaras Hindu University and also a Fellow of the > > Institution of Engineers. He is widely recognized and acknowledged as one > of > > the foremost authorities in the oil & gas industry in India with 45 years > of > > experience. > > > > Earlier positions held include Chairman and Managing Director (CMD), Oil > and > > Natural Gas Corporateion (ONGC) and CMD, Oil India Limited (OIL) the two > > national upstream companies of India. > > > > Presently Mr B. C. Bora is a Director of Assam Hydrocarbon and Energy > > Company (AHECL) of Government of Assam and an Independent Director of the > > Gujarat Gas Company Limited. > > > > > > *Lee Chye Cheng Adrian, Director* > > A management graduate, Mr. Adrian Lee Chye Cheng, is responsible for > overall > > management and operations of Jit Sun Investments Pte Ltd., a privately > held > > family company managing assets in excess of SGD 400 Million. > > > > > > *Vijay Misra, Director* > > Mr. Misra holds a Bachelors degree in Science, a Masters degree in Arts, > a > > Bachelors degree in Law(LLB), and a Master of Business Administration > from > > ICPE, Ljubljana, Slovenia. > > > > He has more than 24 years experience in the Exploration & Production > > industry. > > > > > > *Lai Michael Kai Jin, Independent Director* > > Mr. Michael Lai Kai Jin holds a Bachelors degree in Law. He is an > Advocate & > > solicitor and heads the shipping department in Khattar Wong (a Singapore > Law > > Firm). > > > > He is a director in EOC Limited on Oslo Bors ( Norway), Intelli-Media( > > Holdings) ltd. ( listed on Hong Kong Exchange), Clearing Ltd. and Select > > Group Limited listed on Singapore Exchange. > > > > > > *Kenneth G Pereira, Director* > > Mr. Kenneth G Pereira is a mechanical engineer. He holds a Bachelors > degree > > in Mechanical Engineering with Honours from Bath University (United > Kingdom) > > and Masters of Business Administration from Cranfield University (United > > Kingdom). > > > > Earlier positions held include Chief Operating Officer, SapuraCrest > > Petroleum Ltd. (a Malaysian oil service company) for 17 years and prior > to > > that 9 years spent with Schlumberger Overseas working in Libya, France, > > Italy, Tunisia and United Kingdom. > > > > He has extensive experience in the Exploration & Production services > sector. > > > > > > > > *Arun Agrawal, Independent Director* > > Mr. Agrawal is a Bachelor of Commerce and a fellow Member of Institute of > > Chartered Accountants of India. > > > > He possesses 25 years of rich and varied experience in the fields of > > Accountancy, Audit, Taxation & Finance and Corporate Law. > > Presently he is in the board of Small Industries Development Bank of > India > > (SIDBI) since 2005 and represented on the board of many companies in the > > Indian Renewal Energy Development Agency (IREDA). He is also the Central > > Statutory Auditor for Oil and Natural Gas Corporation Limited (ONGCL) and > > the National Aviation Company of India (Air India). > > > > > > > > > > > > > > > > *Dr. Ambrose G Corray, Vice President - Exploration & Production* > > Dr. Corray holds an Honours degree in Mechanical Engineering from King’s > > College, London University (United Kingdom), a Masters degree in Business > > Administration and a Doctorate in Business from Southern Cross University > > (Australia). > > > > Dr. Corray has more than 25 years oil field experience through senior > > management levels, notably with Schlumberger and General Electric. > > > > > > *Md. Isfaque, Vice President - Corporate Affairs & Operations* > > Mr. Mohammed Isfaque holds a Bachelors degree in Chemical Engineering > from > > Banaras Hindu University (BHU) and a Masters of Business Administration > from > > Gauhati University, India. > > > > Mr. Isfaque possesses more than 35 years of experience in E&P industry > > including design, operation, maintenance of pipelines and acquisition of > E&P > > assets in India and overseas. > > > > > > *Chaman Singh, General Manager (Operations)* > > A graduate in Science, Mr. Singh has more than 35 years of experience in > Oil > > & Natural Gas Corporation (ONGC) in the field of oil and gas production. > > > > -- > > Thanx and regards > > > > Sonia Sharma > > Research Analyst > > yahoo id soniasharma_india > > One International Finance Centre > > Suites 2012-2014, 20/F > > No. 1 Harbour View Street > > Central, Hong Kong > > Phone: +852 3656 8600 > > Fax: +852 3656 8601 > > > > > > > > > > > --~--~---------~--~----~------------~-------~--~----~ -- For Anything related with Stock market be Online at http://www.niftyviews.com/ Get free updates on your mobile phone. 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