Elnusa Can Contract New Oilfield $ 20 Million
Stock Report April 18th, 2010
JAKARTA – The company coats upstream oil and gas (oil) PT Elnusa Tbk (ELSA) by business unit, Oilfield Services (Division) received contracts maintenance services producing wells on the island of Java and East Kalimantan, with the value of contracts of this project is $ 20 million.
VP Corporate Secretary ELSA Heru Samodra revealed, the company will provide maintenance of oil wells earth by using a unit hydraulic Workover, snubbing, and well testing barge in this project.
In addition, the division Oilfield Services also is completing projects Workover, snubbing, and well testing barge in the area of East Kalimantan with a contract value which is still running for USD28, 92 million.
In addition to completing these projects, the company is also working on a project in the form of service operations and service maintenance for the system of pipelines and production facilities in Java and Sumatra with a value of contracts that are still going for $ 6, 27 million.
“Thus the contract Oilfield was doing Elnusa has reached $ 55, 19 million,” said Heru, as quoted from the written information received okezone in Jakarta, Wednesday (10/3/2010).
To support the performance of the company in 2010, ELSA has budgeted funds for capital expenditure (capital expenditure / capex) with a value of $ 70 million.
“To strengthen the core business we are in the services the upstream oil and gas integration and business growth of the Company, Elnusa has set up capex worth $ 70 million in this year. The funds obtained from internal funds and external,” said he.
For your information, ELSA is a service company upstream oil and gas that provide integrated services, ranging from service discovery reserve oil and gas (integrated Geosciences services), services drilling oil and gas (integrated drilling services), and services oil and gas production (integrated Oilfield services).
For integrated Oilfield Services, the company provides integrated services ranging from well services (hydraulic Workover / snubbing, slickline, well testing units, coiled tubing units), EPC (O & M production facility and pipeline), to service IOR (improve oil recovery).
“Elnusa has built competencies nearly 40 years and has extensive experience in working on projects in the services the upstream oil and gas integrated. In addition to onshore, we will improve our services to a segment offshore,” said h
ACE Hardware Indonesia Extend Licenses in 15 Years
Portfolio April 18th, 2010
JAKARTA – ACE Hardware Corporation continued its license agreement for the brand and products directly imported from the United States with PT ACE Hardware Tbk (ACES), after 15 years in synergy together.
As noted ACES management, the disclosure of information to the Indonesia Stock Exchange (BEI), in Jakarta, on Thursday (18/3/2010), management company has signed a license extension was made on January 19, 2010.
With the extension of the license valid for 15 years, this new agreement will run January 1, 2010 until December 31, 2024.
Just mengigatkan, the company will open a new outlet measuring 15 thousand square meters called Living World which will be built in August 2010.
In addition to building plans, the EGM in April and has agreed to pay rent of about Rp90 billion to PT Kawan Lama Sejahtera, which is the parent company.
Rent payments have been made in August of Rp20 billion. Time of payment of about Rp90 billion. This is done according to a lease agreement which was signed between the parties.
dollar Stronger, the Black Gold Down to USD81
Gold Investing April 18th, 2010
- Crude oil prices again weakened, although dikisaran still survive USD81 a barrel level, in trading Tuesday (9/3/2010) local time, along with the strengthening of United States dollars (U.S.).
As quoted by the AFP, Wednesday (10/3/2010), the oil reference price for April contracts, down 37 cents to U.S. $ USD81, 50 per barrel, on the New York Mercantile Exchange (NYMEX.) In the early trading, oil prices had slumped to $ 80, 16 per barrel. While in London, the price of Brent oil fell 56 cents to U.S. $ USD79, 91 on the ICE Futures.
Oil prices weakened due to the pressure the U.S. dollar strengthening, so that for the investors who hold other major currencies to buy oil objection.
According to analyst Addison Armstrong, strengthening U.S. dollar against the euro, triggered by a conversation between President Barack Obama with the Prime Minister of Greece related debt crisis that hit the country.
Meanwhile, the Energy Information Administration said in a monthly projections that oil and gasoline prices tend to be stable this year
Posco and LG Electronic lift Kospi
Stock Report April 18th, 2010
Stock exchange index of leading South Korea, the Kospi Index, rose 0.27% at 9:05 pm local time.
Index supported by the 761 companies traded on the Korea Exchange rose 4.58 points to 1699.83. Among the stocks that support the index, 318 rose, 185 fell, and another 258 remain.
The increase Kospi Index was driven by Posco, Lg Electronics Inc. and Korea Electric Power Corp.. Shaam least 19.69 million changing hands.
Lg Electronics Inc., which rose to 113,500 won, 2500 won, recorded the most active value transacted in South Korea.
Other active stocks are NCsoft Corp., which rose to 142,000 won, 6500 won, and Korea Digital Communications Corp., which rose to 180 won, 6990 won
Adira Finance stake Rp20 trillion in new financing
Finance April 18th, 2010
PT Adira Dinamika Industries Tbk (Adira Finance) to target a new financing (booking) next year through the Rp20 trillion, up compared with the target of Rp13 trillion this year.
Chief Operating Officer of Adira Finance Djuhandi Erina says the composition of the target is divided into 70% for motorcycle financing and car financing and the remainder of the lease (leasing).
“We’re targeting the booking can be increased to Rp20 trillion from financial position this year,” he told Bisnis.com, recently.
Adira Finance Projection previous booking Rp12 trillion later revised to more than Rp13 trillion. Achievement given that confidence in the quarter III/2009 bookings already reached Rp 10 trillion with the largest contribution of new motorcycle loans.
However, along with improving financing this year, the realization that credit is expected to reach Rp16 billion.
Previously, he expressed the company also plans to diversify its business segments financing heavy equipment leasing (leasing) for a maximum of 10% in line with the trend of increasing commodity prices.
