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.  

CITIC + 3.34% 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)  

Sobald Volumen reinkommt , stoss ich ab und mache `ne schicke Sause mit meiner Holden:-)  

Citic 6.41H$ = +5.7% 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.  

skunk, the man who never sleeps :-) Bin beeindruck­t von der Performanc­e

Perf. seit Threadbegi­nn:   +115.56%


Casaubon  

Wirtschaftsnews - von heute 07:17 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

Aufstockung! 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!