CITIC wieder im Kommen +++

CITIC soars as Kazakh oil deal nears

Yvonne Lee

Tuesday, February 13, 2007

Shares of CITIC Resources Holdings (1205), the commodity and energy investment arm of CITIC Group, surged more than 13 percent Monday after the company said it will sell shares to raise HK$1.72 billion to acquire a stake in a Kazakhstan oil field from its parent.

The purchase will bolster the company's oil reserves.

CITIC shares, suspended from trading Friday, leaped to HK$2.98 on resumption of trading Monday before easing to close at HK$2.93. The share price was up 13.13 percent compared with Thursday's closing price of HK$2.59. To date this year the shares have gained nearly 30 percent.

In a statement to the Hong Kong stock exchange Monday, the red chip CITIC Resources said it will use the proceeds from share sales to finance future acquisitions in the natural resources and energy sectors.

"We are conducting a review of potential assets, including the acquisition of the Kazakhstan oil assets, but no decision has been made," chairman Peter Kwok Viem said in the statement. "Having assessed the current gearing and the potential future funding requirements, a share sale is the most beneficial fund-raising method for us."

CITIC Resources announced Monday it sold 700 million shares at HK$2.46 apiece, a discount of 5 percent to Thursday's closing price.

Analysts said the company will purchase a 47.3 percent stake in the Kazakhstan oil assets from its parent CITIC Group which acquired the Kazakhstan oil assets of Canada's Nations Energy for US$1.91 billion (HK$14.9 billion) last year.

To gain Kazakhstan government approval for the transaction, CITIC Group agreed to grant an option for the Kazakhstan oil company Kazmunaigas to acquire 50 percent of the assets.

The Canadian firm's Kazakhstan assets include subsidiary JSC Karazhanbasmunai, which holds the mineral rights to develop the Karazhanbas oil and gas field until 2020. The field has proven reserves of more than 340 million barrels of oil.  

1205 CITIC RESOURCES 4.33 0.14 3.34 321,508 74,746

CITIC Resources (1205) has finalized the acquisition from its parent company a 50% stake in the Karazhanbas oilfield in Kazakhstan for US$1,003mn, to be funded by the issue of guaranteed notes. The Karazhanbas oilfield has an estimated 363.8mn barrels of proved reserves as at 31 December 2006. Meanwhile, the company also announced that it has an option to acquire 90% interests in Tincy Group for a consideration of US$150mn. Tincy Group holds the right to develop and operate, until 2034, an oilfield in the Hainan-Yuedong Block in the Bohai Bay Basin, with estimated original oil in place ranging from 65mn to 75mn tonnes. (Eric Yuen)  

stoss ich ab und mache `ne schicke Sause mit meiner Holden:-)  

DJ MARKET TALK:Citic Resources Hits Record On Signing Liaohe Deal

1441 [Dow Jones] Citic Resources (1205.HK) +6.6% at record high HK$6.46 with active volume HK$370 million. Shares may jump to new record early next week; sources say company will sign deal later today to buy 90% stake in Tincy Energy Group, which has rights to develop and operate a PetroChina (0857.HK) oil field in Liaohe region. Stock +180% so far this year. Liaohe field's forecast output 30,120 b/d (now in development, tips to start operate in 2009). Company also agreed to buy stake in a Kazakhstan field from parent, field produced over 50,000 b/d last year; company's current only field in Indonesia produced 4,700 b/d last year. But analysts also worried company's ballooning exploration costs, interest expenses (partly also due to latest bond issue) to eat into profits over next few years.  

Bin beeindruckt von der Performance

Perf. seit Threadbeginn:   +115.56%


Casaubon  

CITIC Resources will 20% an Australiens Macarthur Coal

Sydney / Hongkong 14.04.09 (www.emfis.com) Auf einer Pressekonferenz teilte der CEO der chinesischen CITIC Resources  Holdings Sun Xinguo auf Nachfrage mit, dass sein Unternehmen darüber Nachdenke, die Beteiligung am australischen Unternehmen Macarthur Coal  auf 20 Prozent zu erhöhen.
Die Muttergesellschaft, die staatliche Citic Group hält bereits 3 Prozent an dem Kohleproduzenten.
Finanzielle Details wurden nicht bekannt. Die Aktie von Macarthuer kann um satte 11,4 Prozent auf 4,40 AUD zulegen.

Quelle: EMFIS.COM, Autor: (il

Hallo Lapismuc !   Schön daß sich mal wieder jemand zu diesem Unternehmen meldet. Bin auch in Macarthur investiert, und denke auf Sicht von 1-3 Jahren sind hier moch ganz andere Aktienkurse zu erwarten.Schaue doch mal bei wallstreet online.de rein. Dort gibt es auch ein Forum zu Macarthur Coal,ist noch in der Entstehung ha.....!  . Würde mich über jeden User freuen,der etwas zu Macarthur Coal beitragen möchte.Mein Kursziel sehe ich bei 3-5 Euro auf Sicht von 2Jahren.Also bis bald hoffentlich......   Ciao Lars!