MIE Holdings disposing of their 40% interest in Emir Oil to Hammer Capital for $55 million, as part of loan repayment

http://www.mienergy.com.cn/e/ir/announcements/631.html

https://www.lada.kz/aktau_news/society/98998-sotrudniki-emir-oyl-predupredili-rukovodstvo-o-priostanovke-raboty-v-mangistau.html

Emir Oil (Reach subsidiary) employees ready to strike for unsafe conditions onsite

Rig impairment warning: previously disclosed 3 months ago. Next up: exploration asset write off. Contract win is within expectation, part of orderbook replenishment. All other exploration assets will not have revenue until at least 2021, probably even longer.

NZ government has been considering end of oil exploration for a long time.

Don't be too excited about New Zealand exploration. Reality is below:

http://home.nzcity.co.nz/news/article.aspx?id=266445&cat=976&fm=newsmain%2Cnarts

Company revenue will only be around RM3-4 billion in near future, until SK408 project is completed. Order book replenishment is critical. Still no light at end of tunnel.

impairment on drilling rigs coming in 4Q. suggest to wait until 1Q new year

petronas activity outlook 2018-2020 released today. only 2-3 tender rigs and 11 wellhead platform required in malaysia. competition is very high with 6-8 fabricators total