KrisEnergy

KrisEnergy: Commences East Muriah (East Java Sea, Indonesia) 2D seismic acquisition. KrisEnergy, and partner AWE Ltd each owns a 50% operating interest in East Muriah. HSBC says core value of $0.75 is good value support (currently $0.67), while exploration potential still offers upside. KrisEnergy has seen a 50% price drop in the past month after one well each was plugged in Blocks 105 and 120 in Vietnam. The competent person’s report (CPR) shows Blocks 105 and 120 in Vietnam both contain multiple future drilling prospects and leads. HSBC upgraded KrisEnergy to O/W with TP $1.01.