Mirach Energy: Counter has shown recent volume increase on back of 6 Jan news of cooperation agreement with Shanghai Petroleum and Natural Gas (SPNG). SPNG has big-name shareholders SINOPEC (30%), CNOOC (30%) and Shenergy (40%). Agreement was to jointly operate existing oil and gas fields by Mirach and identify new O&G opportunities in SEA...
Another recent agr on 29 Dec was with a subsi of China National Petroleum Co. Recent big name tie-ups are probably the cause of interest. However, recent news appear to have no earnings impact as of yet. Note that co has been loss making since past 2 yrs.
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