Monday, December 23, 2013
Mirach Energy: No news relating to its 10% drop today. Note technical support level at $0.159; A close below that level may portend a downside towards $0.14, the gap made on 21 Jun. Latest news was on 19 Dec when the group spudded another new well (KM-604) at its Kampung Minyak oil field, the second of the batch of three new wells to be drilled this quarter. Completion of the drilling and logging analysis is expected to be out between end of Dec '13 and Jan '14.