Edison Investment Research - ENECO ENERGY (R14) Outlook: Astute deal gives key project a path to production

Report

Edison Investment Research

Outlook: Astute deal gives key project a path to production

Ramba has had considerable success since we initiated coverage in September 2014. After executing two successful share placings amidst a difficult equity market for oil and gas in May 2015, the group received development approval for its key asset; Akatara, in the Lemang block. Consequently, Ramba was able to farm out a 20% working interest in the Lemang block to well-funded Mandala Energy, subject to completion and approval, securing the cash required to fund its part in the development. In addition, the Mandala deal secures financial leverage for Ramba to any reserves growth at Akatara and gives it a financial carry of up to $1.6m per well in up to three exploration wells in the block.

07/12/2015 12 EN

Underlying

ENECO ENERGY

Ramba Energy is an investment holding company. Co. is engaged in oil and gas exploration and production in Indonesia. It operates in four segments: oil and gas; logistics, which consists of transportation management and air cargo terminal handling services; rental, which relates to the property rental business, and corporate. Co. through its subsidiaires, holds a 70% interest in the Jatirarangon TAC block, located in West Java, Indonesia; a 100% interest in the West Jambi KSO block, located in Sumatra, Indonesia; and a 51% interest in the Lemang PSC block, also located in Sumatra, Indonesia. All of Co.'s assets are located in onshore regions on the Western Indonesian islands of Java.

See profile

SG1P35918371 Singapore Exchange Singapore

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

See profile

Other Reports on these Companies

SmartInsider

Eneco Energy Limited: 1 director

A director at Eneco Energy Limited bought 4,000,000 shares at 0.010SGD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The name...

Free Trial

January 5, 2023 January 5, 2023 1 EN

GlobalData Plc

Ramba Energy Ltd (R14) - Oil & Gas - Deals and Alliances Profile

Summary Ramba Energy Ltd (Ramba Energy), a subsidiary of Redmount Holdings Ltd, is an oil and gas company that offers exploration and production of oil and gas properties in Indonesia. The company holds interests in exploration assets including West Jambi KSO, Jatirarangon TAC and Lemang PSC. It's West Jambi KSO is located in the northern part of the hydrocarbon-rich South Sumatra basin and holds interests in oil and gas exploration with transportation infrastructure. Ramba Energy's Jatirarangon TAC is located in West Java approximately 48 km from the Indonesian capital of Jakarta and produce...

EUR 217.56

October 26, 2017 October 26, 2017 28 EN

Ford Equity Research

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stockâ€™s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

EUR 18.48

December 23, 2016 December 23, 2016 2 EN

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

Basilea Pharmaceutica has announced the triggering of a US$1.25m milestone payment from Pfizer, triggered by sustained strong sales of Cresemba in the Asia-Pacific region and China. This is the second FY24 milestone payment for the region and is incremental to the payment received in March. We note that, according to the latest available data, total in-market sales of Cresemba amounted to US$473m in the 12 months ending December 2023, representing a +26% year-on-year increase. Basilea is preparing to launch its Phase III programme for fosmanogepix, a broad-spectrum antifungal therapy, with the...

16h / 17m 16h / 17m 1 EN

Toby Thorrington

Toby Thorrington

AAC Clyde Space - Solid start to the year with further order growth

AAC Clyde Space offers exposure to the fast-growing low Earth orbit space market. A solid start to the year and continued order momentum are encouraging. We also note the internal restructuring to promote delivery of the group’s products and services. We expect this combination to drive an improving performance, albeit within the lumpy nature of the business, in turn improving investor confidence and the stock’s valuation.

18h / 11m 18h / 11m 1 EN

Richard Williamson

Richard Williamson

Tinexta - Typical seasonality in Q124

Tinexta’s Q124 results showed good progress in the two divisions that typically demonstrate more consistent (through the year) growth, Cyber Security and Digital Trust, which management expects to deliver higher growth over the next few years. Business Innovation demonstrated its typical seasonality and management therefore remains confident about the outlook for the year.

19h / 38m 19h / 38m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN