KrisEnergy

[MINX]

It's doing upstream oil and gas exploration. Looking at its financial statements, it's profit is dwindling in the last 3 years. It's operating cashflow is also dwindling but recently Keppel Corp bought a 20% stake in it.

According to Mr. Choo, there's potential in their exploration. Yes, it is a risky business and there is high chance that their exploration did not find any oil or gas but if they do find it, it could be a very lucrative business.

Application for the IPO starts from 9pm yesterday and ends on 17 July 12pm. The share is priced at $1.10 each.

Agree with you, high risk, high returns. It depends what your investment objective is, if you are going for high returns, by all means, take a punt. I cannot afford to lose my capital and would rather give this one a miss.