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*IPO* Frontier Oil Corp
#1
...bagong IPO...thanks cleene for requesting


Frontier Oil IPO gets green light

The Securities and Exchange Commission has approved an initial public offering worth as much as P2.2 billion planned by exploration firm Frontier Oil Corp., which aims to fund drilling campaigns that would transform the firm’s business from exploration to an oil and gas production.

Based on documents from the SEC, Frontier Oil was given the go signal to offer 883.626 million common shares for as much as P2.50 per share, bringing to public hands about 33 percent of the company’s outstanding shares after the IPO.

“This will certainly bolster the confidence of the shareholders and the prospective investors in the company in what we can do to develop the huge potential of the Philippines’ oil and gas resources,” FOC chief executive Kristoffer Fellowes said in a press statement.


continue reading here http://business.inquirer.net/148151/fron...reen-light
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#2
(10-20-2013, 07:10 PM)Ollie Wrote: ...bagong IPO...thanks cleene for requesting


Frontier Oil IPO gets green light

The Securities and Exchange Commission has approved an initial public offering worth as much as P2.2 billion planned by exploration firm Frontier Oil Corp., which aims to fund drilling campaigns that would transform the firm’s business from exploration to an oil and gas production.

Based on documents from the SEC, Frontier Oil was given the go signal to offer 883.626 million common shares for as much as P2.50 per share, bringing to public hands about 33 percent of the company’s outstanding shares after the IPO.

“This will certainly bolster the confidence of the shareholders and the prospective investors in the company in what we can do to develop the huge potential of the Philippines’ oil and gas resources,” FOC chief executive Kristoffer Fellowes said in a press statement.


continue reading here http://business.inquirer.net/148151/fron...reen-light

Gud pm , Comm Ollie
Medyo high risk high return tong stock na to, if ever totoong may Oil...I wonder anong criteria nang PSE sa mga mineral companies na gustong mag IPO...kawawa naman yung public investor pag wala nangyari...

Or parang PDAP lng basta may cut si Pres. Sicat

Kase unlike sa ibang industry medyo risky talaga pag mining and Oil...sana may production na before allowing mag IPO...

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#3
....sa labas pala ng Pilipinas ito naglist eh, dapat yata tanggalin na ito dito?


Frontier Oil board takes in two investment bankers

TWO investment bankers have joined Frontier Oil Corp. (FOC) as members of the board, a move expected to strengthen the company's presence in the oil and gas sector.
In a statement on Wednesday, FOC named Dick Fagerstal and Peter O'Malley as new directors effective Sept. 1.

The two Americans, according to the company, are experienced in the oil and gas business.

Mr. Fagerstal currently sits as the senior vice president for corporate development and finance of Seacor Holdings, Inc. - an equipment company serving the oil and gas, logistics and shipping industries.

Meanwhile, Mr. O'Malley was a former head of resources and energy banking at HSBC and managing director and head of natural resources investment banking in Asia-Pacific at Deutsche Bank.

"Their appointments are of real significance to both the local industry and FOC," FOC President Kristoffer Fellowes said in the statement.

"It indicates the company's readiness to become a serious regional player and flags to the investing public globally that the Philippines has a significant untapped potential in terms of its oil and gas resources," he added.

The newly-appointed directors join Mr. Fellowes, investment strategist and chairman of the board Astro C. Del Castillo, former Trade Undersecretary Melito S. Salazar, Jr., Jose Mari R. Moraza and Ian C. Wilson.

"The reinforcement of our board composition is definitely a boost as FOC prepares to invest significant capital in offshore Palawan - the arrival of the Naga 7 is, in reality, just around the corner," Mr. Fellowes said.

The Naga 7 rig will be used by FOC for its two-well drilling activity within service contract (SC) 50.
Trans-Asia Petroleum Corp. committed to take part in the project by acquiring a 10% interest in the contract.

Apart from SC 50, FOC is also working on the work-over program for SC 52, an onshore site in Cagayan.

FOC was supposed to join the main board of the Philippine Stock Exchange through an initial public offering in which it intended to raise P2.2 billion.

Two months ago, however, the company decided instead to list its shares on the Toronto Venture Exchange citing a "substantial downturn in Philippines' investor confidence that resulted from the tragic typhoon in late 2013."

source http://www.bworldonline.com/content.php?...s&id=94299
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#4
The drilling might be in the stock market.
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

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