KAQ... Mana Cindybull? Masuk kandang ke kena sembelih korban ady?

Week after next Dnex will skyrocket due to jeng jeng jeng.

Go go

cindybull?

KUALA LUMPUR (June 19): Dagang NeXchange Bhd (DNeX) has confirmed that it is in talks to sell its 30% stake in its upstream oil and gas (O&G) associate Ping Petroleum Ltd.

The group is confident that it could fetch attractive valuations for the investment given current stronger crude oil prices compared with the time when it acquired the equity stake.

Speaking at a press conference after the group's annual general meeting this morning, executive director Zainal Abidin Abd Jalil said the group has been actively looking to monetise its investment although it is still very much a work in progress.

"DNeX, as a shareholder of Ping, has always been looking to monetise its investment in this associate company and we are still looking at what is the best option and how we can monetise.

"We are looking to monetise the stake within the next few years, but as soon as possible. If there is a buyer that is interested within the year, then it would be even better," he said.

Commenting on the valuation DNeX could possibly fetch for the 30% stake, Zainal said the group is not ready to reveal that, as it is still very much indicative at this point given that it depends on prevailing crude oil prices.

Asked whether it is the right move for DNeX to monetise its stake, given that oil prices are largely expected to see a rebound this year, he said there is still some downside risk to crude prices.

"Oil prices are higher now compared to when we made the investment in 2016 but there is still some risk and the market remains soft seeing as Brent crude is drifting back to the US$60 per barrel level compared to the US$70 per barrel level seen six months ago.

"So we see this as a good window of opportunity to monetise our investment in Ping," he said.

Besides that, Zainal highlighted that Ping's reserves and volume are high currently, especially for its brownfield asset, the Anasuria Cluster, which is expected to augur well for the valuation of its stake in the associate company.

"Costs are also down and we are cashflow positive. We are active in doing significant drilling campaigns and we are also looking at a new greenfield project called Avalon. These factors should anchor a much better valuation for Ping going forward.

"In general, it would be higher than our initial investment of US$10 million. As a general guide, it will be higher than its current book value of about RM200 million," he explained.

Related story: DNeX to benefit from Ping Petroleum sale

They invested 10m how much in return of investment kot

Wooot Dnex sell ping share

Sohai cindybull

wah..banyak terror baca chart..siapa ajar?

Haha amet2017

Next qr shld be in red according to the way they spent money, ESOS non stop and MYCC penalty

By Syahirah Syed Jaafar | 2019-03-04 15:22:49
KUALA LUMPUR (March 4): Hibiscus Petroleum Bhd said its jointly-controlled operating company, Anasuria Operating Company Ltd (AOC), is on track to execute the Guillemot A GUA-P1 side-track well, which is targeted to unlock approximately 1.7 million barrels of oil from its current net proven and probable (2P) oil reserves.

The Guillemot A GUA-P1 side-track well is a planned production enhancement project at the Anasuria Cluster concession offshore in the UK North Sea. Besides Guillemot, the Anasuria Cluster consists of the Teal, Teal South, and Cook fields which produce to the Anasuria floating, production, storage and offloading (FPSO) vessel.

In a statement today, Hibiscus said AOC had on Feb 28 signed a rig sharing agreement with Ping Petroleum UK Ltd, whereby AOC will assume the services of the Stena Spey semi-submersible offshore drilling unit, for a minimum duration of 45 days, to drill the GUA-P1 side-track well.

It said the Stena Spey drilling rig was chosen for several reasons including certainty of the rig's delivery schedule, strong past operating performance in the UK North Sea, crew competence and good health, safety and environment record.

In addition, Petrofac, as AOC's appointed well operator, will be responsible for drilling the GUA-P1 side-track project and for all the existing wells in the Teal, Teal South and Guillemot A fields. It said Petrofac is also the installation duty holder on the Anasuria FPSO, minimising the number of interfaces to be managed during drilling and thereby enabling enhanced operational safety.

Hibiscus managing director Dr Kenneth Pereira said the GUA-P1 side-track project follows the successful drilling of the GUA-P2 side-track project which was completed in the third quarter of 2018 and has since contributed to enhanced production in the Anasuria Cluster.

"The GUA-P1 side-track project will be funded from internally generated funds and is part of a series of production enhancement projects which are targeted to increase net production to 5,000 barrels of oil per day by FY2020. We are working closely with our partners and service providers to safely deliver the successful execution of the GUA-P1 side-track project," he said.

Fair 0.220

Depeche is right

Huge hoax

QR is huge. I said this many years ady

Heard qr abt 35mil

U sohai ka?

where is the link to this news?

@depeche is right

bad news guys ..red qr still...still reconstructing after BN disaster.

Yea sohai Cindy bull.. Play stock till can sell own country. Otak masuk air

qr 27feb

Peneng lrt project announce soob

Sohai Cindy bull.. Otak masuk air

but the true value of the warrant by
calculation is negative..

Zainal retired

Tuesday see how

yes @depeche is right

This counter aint anzo or mlab..

My wd downside is 33% now..

Yea agree with depeche...this stock used to be my favorite contra counter..but this stock is no good anymore..anyhow I hold quite some big volume on the warrant.

Yea depeche is right

Depeche and verygoat is right.

Great news gamuda investor?

@karhoongkhit. How are you doing? Hahah..mlab?

What happen warrant 0.90cent

Yea totally agree..discuss some thing constructive here pls..not talking like lunatic

Agree

This forum for gamuda is so fucking annoying. Open..two sohai keep on barking here. Nothing constructive been done or discuss..

Cindybullshit goreng saham goreng till solan jor

Warrant veli cheap eh..I sapu 500lot today.

Cindybullshit beli saham sampai sohai ady

KUALA LUMPUR (Nov 19): Dagang Nexchange Bhd has posted a 55.4% fall in net profit for the third quarter ended Sept 30, 2018 to RM6.65 million from RM14.91 million a year ago.

DNex said this comes from lower profit before tax margin of 18% (38% in 2017), mainly due to increasing manpower cost and expenses incurred for business development activities and one- off goodwill impairment of RM3.6 million.

Quarterly revenue, however, was up 27.9% to RM63.31 million, from RM49.5 million previously, the group said in a filing with Bursa Malaysia.

The group attributed the increase mainly to progress billing for the work done on a submarine cable installation and repair project in Indonesia, and new recurring incomes from post-acquisition results from Genaxis Group.

For the cumulative nine-month period, the group recorded net profit of RM35.04 million, up 16.4% from RM41.92 million in the previous corresponding period.

Revenue for the Jan-Sept period jumped 30.3% to RM185.6 million, from RM142.44 million in the previous corresponding period.

The higher revenue was mainly due to the consolidation of post-acquisition results from Genaxis Group and progress billing for the work done on the submarine cable installation and repair project in Indonesia, in addition to continued growth in the group’s business-to-business and business-to-government (B2G) businesses.

DNex said the group will continue to build its business by exploring opportunities that leverage on building blocks of its existing IT & eServices and energy businesses, while focusing on the implementation of planned new initiatives. Please all the share because the CEO is incapable.

Barring any unforeseen circumstances, the group expects to deliver positive results for 2018.

DNex’s share price was last traded at 37 sen for a market capitalisation of RM650.47 million.

Maybe good qr drop..bad qr limit up...jeng jeng jeng..ini stock bikin sakit hati

Sell!

Sohai kaq and kalan lady went hiding ady?

Tues or wed QR

Cindybullshit najib and rosmah 50 allegations is fabricated by PH gomen right?

Run