warhammer gold news - UWQ

Sun oil sands (quotes, news, reviews) (02012. HK) announced sale of 923 million shares, of which 10% were on sale in Hong Kong, share prices ranged from $ 4.86 per cent, offering dates for today (20th) to Thursday (23rd), raising up to $ 4.69 billion, 1st Board listing next month. MorganStanley International Silver, German silver and is co-sponsors. Lots of 500 units, admission fees of about $ 2565.6. Measured by the median price $ 4.97, estimated net proceeds from 4.287 billion yuan, of which 93% were used to fund development of oil sands and heavy oil projects, 7% for general working capital for business and other purposes. The unit currently has introduced three basic investmentFunding, assuming the price median price, if there is no surplus distribution authorization, cornerstone investors on sale about 59.4% total number of shares. Three home based investors to invest in China, China petrochemical (00386. HK) EIG petrochemical group in the parent company and the energy funds, CIC and petrochemical group in more places, and 25.4%, respectively. Basic investorShares purchased has a lock period of 6 months. In addition, Sun oil sands shareholders include China life (quotes, news, reviews) and the Bank of China Group Investment Fund and Strait. Sinopec are its strategic partners. Sun oil sands oil sands mining areas are mainly divided into 3 asset classes, clastic rocks (sandstone), carbonate rocks and conventional heavy oil projects. Sandstone is a space exploration and development stage, 2013 preliminary production into the 2nd quarter. West first sandstone project first stage initial daily output of 5 guild wars 2 gold,000 barrels of Ells, 2014 to a daily capacity of 10,000 barrels, daily output of 20,000 barrels of target 2015 year 2024 is a daily output of 200,000 barrels of sandstone target. Production of conventional heavy oil project beginning in September 2010 age of conan gold, plans to expand production by the end of this year to a daily output of 1,6001,800 barrels. As of November 30, 2011, the company's proven reserves (2P) and best estimation of resources of 10% pre-tax present value is about $ 5.67 billion. Shen Songning said the co-chairs of the company, Sun oil sands cash balance may be achieved in 2013, subject to the comprehensive balance of payments needs "a long time". In 2007, the companySince its establishment, because there was oil sands projects were put into operation, the company has been's in a loss. Prospectus disclosure of expected losses for the year 2011 the year expanded 6 times, to not more than c $ 68.7 million, loss of not more than $ 0.025 per share. By the end of November 2011, Sun has proven reserves of about 419 million barrels of oil sand. Net tangible assets per share of 1.84 dollar terms, price to book value ratio about 2.76 times times.