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Last $2.73 HKD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

brightoil petroleum holdings (933) Snapshot

Open
$2.62
Previous Close
$2.50
Day High
$2.74
Day Low
$2.51
52 Week High
06/8/15 - $5.20
52 Week Low
02/13/15 - $1.72
Market Cap
27.7B
Average Volume 10 Days
10.9M
EPS TTM
$0.07
Shares Outstanding
10.2B
EX-Date
11/25/15
P/E TM
38.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for BRIGHTOIL PETROLEUM HOLDINGS (933)

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brightoil petroleum holdings (933) Details

Brightoil Petroleum Holdings Limited is a resource based energy company focusing on upstream oil and gas resources exploration along with midstream and downstream developments. The company primarily engages in the exploration, development, and production of upstream oil and gas fields; marine transportation; oil storage and terminal facilities; and international trading and bunkering businesses. It operates four Aframax oil tankers and five VLCCs with a total capacity of approximately 2 million tons. The company provides marine bunkering services in China and internationally. Its tradable range of products includes fuel oil, crude oil, and gas oil, as well as petrochemical and related petroleum products. The company was formerly known as First Sign International Holdings Limited and changed its name to Brightoil Petroleum Holdings Limited in September 2008. Brightoil Petroleum Holdings Limited is headquartered in Sheung Wan, Hong Kong.

300 Employees
Last Reported Date: 03/26/15

brightoil petroleum holdings (933) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $3.6M
Chief Financial Officer, Executive Director, ...
Total Annual Compensation: $5.2M
Executive Director
Total Annual Compensation: $5.2M
Compensation as of Fiscal Year 2014.

brightoil petroleum holdings (933) Key Developments

Brightoil Petroleum Holdings Limited Announces Positive Progress and Discovery of Promising Gas Reserves in Tuzi Gas Field New Deep Well Project

Brightoil Petroleum Holdings Limited announced with regard to the Xinjiang Tuzi Luoke Gas Field (Tuzi Gas Field) jointly developed by the Company and China National Petroleum Corporation (CNPC), the drilling task undertaken by the Sixth Exploration Branch of China Petroleum & Chemical Corporation in respect of the new Tuzi No. 4 deep well is in positive progress. The well is designed for the destination being the Jurassic Ahe Formation at a depth of 4,270 meters and the drilling requires the use of nitrogen and other cutting-edge workmanship and technology. Currently the drilling has reached a depth of 4,170 meters, during the course of which, promising gas reserves were detected at the Jurassic Kizilnur Formation with a depth of about 3,210 meters and at the Yangxia Formation with a depth of 3,700 meters. While the covering mud pressure on top of the Kizilnur Formation was up to 66 MPa, the daily gas production is estimated to be 80,000 cubic meters per well and while the covering mud pressure on top of the Yangxia Formation was up to 81 MPa, the daily gas production is estimated to be 150,000 cubic meters per well. The relevant gas reserves are now under comprehensive researches. Further analysis is required to confirm the volume of reserves, and reports have to be made to the joint venture partner CNPC and the Ministry of Land and Resources for approval.

Brightoil Petroleum (Holdings) Limited Announces Management Changes

The board of directors of Brightoil Petroleum (Holdings) Limited announced that Dr. Sit Kwong Lam, the Chairman and an executive director of the company, has been appointed as the Chief Executive Officer of the company with effect from August 21, 2015. Dr. Sit had been an executive director, Chairman and the Chief Executive Officer of the company since June 20, 2008. He resigned as the Chief Executive Officer on July 16, 2014. He is also a member of the remuneration committee and nomination committee of the company. He is a member of the Chinese People's Political Consultative Conference, vice chairman of China's Chamber of Commerce for Petroleum Industry and chairman of the board of directors of Shenzhen Brightoil Group Co. Ltd. its subsidiaries. He also serves as a director of all subsidiaries of the group. Dr. Sit will be subject to retirement by rotation and re-election at the company's general meeting in accordance with the bye-laws of the company. Dr. Yung Pak Keung Bruce has tendered his resignation as an executive director and the Chief Executive Officer of the company with effect from August 21, 2015 in order to pursue his other personal interests. He will also cease to act as an authorized representative of the company under Rule 3.05 of the Listing Rules with effect from August 21, 2015. Mr. Tang Bo, an executive director of the company, has been appointed as the authorized representative with effect from August 21, 2015.

Brightoil to See 500M CBM Increase in Annual Gas Production with Xinjiang Gas Production Enhancement Plans

Brightoil Petroleum (Holdings) Limited announced that its two wholly owned subsidiaries will conclude agreements with the Second Exploration Branch of PetroChina and the Sixth Exploration Branch of China Petroleum & Chemical Corporation on the new drilling and ground project construction for the Tuzi and Dina 1 Gas Fields in Xinjiang. Upon completion of the aforementioned projects, the aggregate annual production of both fields will increase by 500 million cubic meters, boosting the Group’s competitiveness strengths in upstream operations and generating substantial revenue. According to the May 14, 2015 resolution of the Joint Management Committee for Dina 1 and Tuzi Gas Fields, construction work for the Tuzi 103 platform and ground facilities will start with five new gas wells to be built. When the platform becomes operational, the daily production of Tuzi Gas Field is expected to increase by 800,000 cbm. Meanwhile, demonstrations for repairs and operational work for the Dina 11 well at the Dina 1 Gas Field will start, and efforts will be made to resume its production before August 2015. If this project goes smoothly, the daily production of Dina 1 Gas Field will be increased by 200,000 cbm.

 

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933

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Valuation 933 Industry Range
Price/Earnings 42.4x
Price/Sales 0.3x
Price/Book 2.9x
Price/Cash Flow 26.3x
TEV/Sales 0.1x
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