KrisEnergy

Restructuring

Cash-strapped KrisEnergy in deal to sell Indonesia O&G project stake to BP

SINGAPORE (Nov 19): KrisEnergy, the upstream oil & gas (O&G) company undergoing restructuring, has revealed it is selling its stake in an offshore oil & gas project to energy giant BP.

Management & Corporate Governance

SIAS says 'administrative error' led to unanswered questions at KrisEnergy investor meeting

SINGAPORE (Sept 24): The Securities Investors Association (Singapore) has admitted that it made an “administrative error”, which resulted in questions posted on online Q&A platform Pigeonhole g

Restructuring

As KrisEnergy readies new restructuring plan, retail bondholders wary of being suckers again

(Sept 23): Like many oil and gas companies, KrisEnergy has been severely affected by the prolonged slump in oil prices over the past five years.

Buybacks

Keppel Corp resumes share buyback, associate KrisEnergy seeks court protection

(Aug 26): Keppel Corp made a series of share buybacks in the past week, at prices ranging between $5.90 and $5.96.

Markets

'Blizzard' strikes North America; Yangzijiang plunges, KrisEnergy seeks bankruptcy protection

SINGAPORE (Aug 19): On Wednesday, US markets plunged on recession fears after the yield on the 10-year US Treasury Note broke below the two-year rate, producing an inverted curve, an indicator of e

Restructuring

KrisEnergy seeks court protection as debt mounts to as much as US$477 mil

SINGAPORE (Aug 15): KrisEnergy has asked for a court order to restrain the commencement of legal proceedings and enforcement actions by its creditors, for a period of six months.

Results

KrisEnergy narrows FY17 losses to US$139 mil on lower expenses

SINGAPORE (Mar 1): Upstream oil and gas company KrisEnergy posted full-year losses of US$139.2 million ($183.7 million) for the FY17 ended December on the back of lower expenses, improving from los

Cambodia government and KrisEnergy seal terms for Cambodia Block A oil development

SINGAPORE (Aug 23): The Royal Government of Cambodia and KrisEnergy today jointly announced the signing of fiscal and technical agreements for the nation’s first oil field development in Cambodia B

Results

KrisEnergy’s 1H net loss narrows to US$26.1 mil on higher sales and fair value gain

SINGAPORE (Aug 14): Oil and gas (O&G) explorer KrisEnergy reported a smaller 1H17 net loss of US$26.1 million ($35.5 million), down from US$45.2 million in 1H16.

Results

KrisEnergy swings back to profitability in 1Q despite lower production

SINGAPORE (May 12): KrisEnergy reported 1Q17 earnings of US$55.7 million compared to a loss of US$18.3 million a year ago.

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