KrisEnergy Ltd (“KrisEnergy” or the “Company”) is offering 151.993m shares at $1.10 each for each for which 132.093m will be for international offer and 19.9m shares for the public. The offering will be upsized by another 30.398m shares if the demand is good. The prospectus is here. The market cap will be $1.15b based on the IPO price.
The IPO will close on 17 July 12pm.
Before you read further, i have to warn you that i am not an oil & gas expert, I do not know how to value this company nor its oil and gas reserves. What i have written below are based on my layman knowledge and pure gut instinct. I like the upstream segment and has positive vibes on this company and my views are very biased.
KrisEnergy is an independent upstream company focused on the exploration …