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KS Energy Ltd (KSTL.SI)

KSTL.SI on Stock Exchange of Singapore

0.04SGD
20 Jul 2017
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Latest Key Developments (Source: Significant Developments)

KS Energy updates on appeal filed by PT Java Star Rig
Thursday, 13 Jul 2017 06:37am EDT 

July 13 (Reuters) - KS Energy Ltd ::Indonesian Customs Court had on 4 July 2017 issued its decision in writing accepting appeal filed by PT Java Star Rig.Expects that recovery of import duty & fines will have positive impact on net result for full year ending 31 December 2017.PT Java Star Rig is due to recover full amount of import duty and fines paid totalling approximately S$20.3 million.Group expects that recovery of import duty and fines will have a positive impact on net result for full year ending 31 December 2017.Indonesian Customs Court found that importation of rig was in accordance with terms of permit and is therefore exempted from import duty.Refers to PT Java Star Rig receipt of a notice from Ministry Of Finance Of Republic Of Indonesia -Directorate General Customs And Excise.  Full Article

KS Energy to extend maturity date of convertible bonds due 2016
Wednesday, 21 Jun 2017 05:10am EDT 

June 21 (Reuters) - KS Energy Ltd ::Entered into a supplemental trust deed with Bank of New York Mellon to amend provisions of trust deed dated 21 March 2013​.Refers to ‍passing of resolution in writing and entry into sixth supplemental trust deed of S$45 million 6.00 per cent. convertible bonds due 2016​.Referenced ‍deed to extend maturity date of convertible bonds​.  Full Article

KS Energy updates on termination of share pledging arrangement
Monday, 5 Jun 2017 06:32am EDT 

June 5 (Reuters) - KS Energy Limited ::Termination Of Share Pledging Arrangement.Received a written notification from pacific one energy that oversea-chinese banking corporation terminated share pledging arrangement.224.2 million ordinary shares of company were pledged to bank for banking facilities granted in favour of poel.  Full Article

KS Energy enters bond purchase agreements and warrant subscription agreements
Friday, 26 May 2017 07:47am EDT 

May 26 (Reuters) - Ks Energy Ltd :Pursuant to deal aggregate of s$80.15 million fixed rate secured bonds due 2020 shall be issued to lenders.Enters separate bond purchase agreements and warrant subscription agreements.Agreements with each of Oversea-Chinese Banking Corp, Tael One Partners, Pacific One Energy And Hedy Wiluan.Net proceeds of proposed warrants issue will amount to approximately S$3.59 million.Pursuant to deal 80.2 million non-listed bonus warrants carrying right to subscribe for one share each in capital of co shall be issued to lenders.  Full Article

Ks Energy updates on drilling contract in Indonesia
Friday, 21 Apr 2017 05:30am EDT 

April 21 (Reuters) - KS Energy Ltd :Ddrilling contract for work in Indonesia is now expected to conclude at end of April 2017, about 1 month earlier than initially expected.Expected value of contract will be approximately US$1.2 million less than previously announced.  Full Article

KS Energy says board believes that Co and group will both continue as going concerns
Wednesday, 5 Apr 2017 05:32am EDT 

Ks Energy Ltd - : Board of company believes that company and group will both continue as going concerns . Expects overall operating cash flow to remain negative in next twelve months . "Group plans to divest certain non-core assets" . Is currently in negotiations with bondholders and a shareholder to restructure some of its debts by rolling over an aggregated outstanding sum of $74.9 million .Group has also applied for and is currently awaiting finalisation of a bridging loan of $5 million from a financial institution.  Full Article

KS Energy says unit has been awarded US$11.1 mln contract
Tuesday, 4 Apr 2017 05:12am EDT 

Ks Energy Limited : KS Energy Group Drilling Rig "Ks Java Star 2" awarded US$11.1 million contract . Unit has been awarded a contract for "KS Java Star 2" jack-up drilling rig . Work in Vietnam is expected to commence in April 2017 .New contract is not expected to have any material effect for financial year ending 31 December 2017.  Full Article

KS Energy unit secures $4.8 mln contract
Thursday, 16 Mar 2017 05:28am EDT 

Ks Energy Ltd : Unit has been awarded a contract for "KS Discoverer 7" land drilling rig. Work in indonesia is expected to commence in Q2 2017. .Expected value of new contract is approximately US$4.8 million for approximately 9 months work.  Full Article

KS Energy gets land drilling rig contract worth US$5 mln
Friday, 24 Feb 2017 05:02am EST 

Ks Energy Ltd : Awarded a contract for "KS discoverer 6" land drilling rig . Expected value of new contract is approximately US$5 million for approximately 8 months work .Contract is not expected to have any material effect on earnings per share of company for fy ending 31 December 2017.  Full Article

KS Energy Ltd awarded $6 million contract
Friday, 24 Feb 2017 04:20am EST 

KS Energy Limited : KS Energy Group Drilling Rig KS Medstar 1 awarded US$ 6 million contract . Unit has been awarded a contract for "KS Medstar 1" jack-up drilling rig .Contract not expected to have material effect on earnings per share for financial year ending 31 December 2017.  Full Article

BRIEF-KS Energy says board believes that Co and group will both continue as going concerns

* Board of company believes that company and group will both continue as going concerns

No consensus analysis data available.