Stock Name: Ramba
Company Name: RAMBA ENERGY LIMITED
SIAS Research in a Nov 21 research report says: "Ramba 3Q revenue grew by a robust 100.5% y-o-y to $25.8 million mainly due to higher contribution from the logistic services segment.
"Over the past two months, Ramba announced (1) the production of gas from JRR-7 development well which is reported to have sales gas flow of about 4.0m std cubic feet per day (mmscfd) and (2) the drilling of JRR-6 development well to its target depth of 1298m with production testing to follow up. The former's production rate exceeded the management's expectation by 100% and the Jatirarangon Block is projected to produce 8.8mmscfd by end of the year.
"Ramba has about $12.8 million cash as of 3Q 2011 and may generate another $10 million operating cash flow next year from the Jatirarangon Block and the logistic business. Intrinsic value of 80 cents.MAINTAIN INCREASE EXPOSURE."
Company Name: RAMBA ENERGY LIMITED
| Research House: SIAS | Price Call: BUY | Target Price: 0.80 |
SIAS Research in a Nov 21 research report says: "Ramba 3Q revenue grew by a robust 100.5% y-o-y to $25.8 million mainly due to higher contribution from the logistic services segment.
"Over the past two months, Ramba announced (1) the production of gas from JRR-7 development well which is reported to have sales gas flow of about 4.0m std cubic feet per day (mmscfd) and (2) the drilling of JRR-6 development well to its target depth of 1298m with production testing to follow up. The former's production rate exceeded the management's expectation by 100% and the Jatirarangon Block is projected to produce 8.8mmscfd by end of the year.
"Ramba has about $12.8 million cash as of 3Q 2011 and may generate another $10 million operating cash flow next year from the Jatirarangon Block and the logistic business. Intrinsic value of 80 cents.MAINTAIN INCREASE EXPOSURE."
Oh....and thanks for the information.
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