YiStock, correct, as long as maintenance costs are manageable. Nevertheless, to be honest, I'm sure we are all still apprehensive of Songa Venus's age. I think, purchase of this rig is a stop-gap measure for TGOFFS. They have a rig which is already operational and capable of churning income. As long as the purchase improves the bottom line, why not?

YiStock, please translate.

Old as the rigs may be, if they can do the job with minimal disruption to production, should be ok. Petronas is not going to pay around US21 mil per contract, unless they are happy with the job done. Also, since the performance of the rigs is known to Petronas, rehiring should be easier.

YiStock, results of my research on Songa Venus and Songa Mercur. Both are semi-sub rigs. Songa Venus begun operations in 1975 and Songa Mercur in 1989. Both the rigs are currently operating off Vietnam through companies contracted by Petronas. Songa Venus is under contract to end October 2013 and Songa Mercur's contract runs into 2014. From the info, it is likely that TGOFFS will purchase Songa Venus first and Songa Mercur later in 2014 (if that is their plans to buy two). Announcement soon? The owners are putting these two rigs up for sale, their oldest in a fleet of 5, as they require funds to finance four new rigs they ordered.

YiStock...Thanks for the info, most welcome! We as investors of TGOFFS are so hungry for relevant news as its price of late seem to be just drifting. Hope you can continue to inform us with the latest available news. It helps to soothe the nerves! Nevertheless, I have great confidence in this counter and will wait it out.

Let's face it, if NFI chocs is that good, it will be reflected in its sales, profits and ultimately price of share by now. Calvin doesn't have to spend his precious time mustering support for PMCORP from all and sundry. If the problem is in sales, perhaps appointing DKSH, with their proven expertise in marketing, will help to boost it. If it is with KKP..... A few months ago, a friend of mine who works in a listed company manufacturing ....... told me that the staff were not happy to receive more orders as they were working to their limit. I was very shocked to hear this as I expected any company would welcome more business! Is NFI in this category?

newbie..cannot tahan la. Reminds me of Johnmaster and GSB!

iii3 gave a very good assessment of PMCORP. Unfortunately, not flattering. And nobody knows more of Nestle and Dutch Lady than iii3! Calvin seem to be zealously promoting PMCORP in other blogs too. Is it necessary? Is there a motive?

Trustme932...You are spot on! I'm not in as yet. Hope you'll let us know when the time is ripe.

Calvin... you have a heart of gold.

Hi All! Great to have Maukaya, 0304 & Nalla, who are all very knowledgible of the o&g industry in this blog. Helps us to make crucial decisions. If TGOFFS can acquire viable oilfields, like Hibiscus, its price should go up a few baggers. Wishful thinking?

Hot...I dont have The Edge. Is it possible to hijack the report here?

Hot...I don't have The Edge. Any chance of making the article available here?

kakijudi...You from JB? If so, then you must know the area very well. Maybe, you have already surveyed the area many times and have first hand info from the ground. We thank you for your generosity in sharing. Please continue with the good work. I have gone in on Calvin's recommendation and benefitted already. Thinking of increasing my exposure.

iafx..checked. Advantage Tmn Kota Masai.

Calvin...You property agent? You seem to be very informed of what's going on, on the property scene in JB. MPCORP seem to have great potential. Based on the JB map (I have to rely on it as I'm not local), Tmn Kota Masai (Focal) is furtherest away than Nusa Damai (MPCORP) and Bandar Sri Alam (UMS) from the JB Kastam Komplex. Any idea where will the proposed third bridge be located?

HOT, JTFX.... Tan Sri Tan Kean Soon is also the MD for ONSYS ENERGY SDN BHD. Any significance to the o&g industry?

JTFX What's your take on Tan Sri VT in TGOFFS? VERY positive?

JTFX What are the chances of TGOFFS breaching the 0.72 mark by tomorrow?

VT first time in o&g?

HOT. Great to know that you are back home. Waa, for one week you can fully concentrate on Bursa! Ya, it's time for TGOFFS to show it's true colours! Huat..huat.

CT Noted with thanks!

JTFX thanks!

ahbeng77. 2nd wave started? What is the resistance to watch out for?

JTFX What is the resistance? Thanks!

Hot. I think there is no turning back this time. With constant flow of positive news, including appointment of chairman and director, TGOFFS should reach new heights. I would like to compare TGOFFS with UMW's to list o&g, in terms of price and scale of operations.

Nallayak. On the way to 150?

Hot. Get well soon! Hope performance of TGOFFS cheer you up.

JTFX Today evening news, 10% placement shares priced at RM0.57. Do you view this as positive? If so, can buy WB now? Thanks!

JTFX By your estimate, how much of WB still unconverted to TGOFFS shares? Thanks!

Tim TGOFFS issued Warrant A and Warrant B (WB) last year

123. They want to squeeze the ....... of WB holders kah?

You are doing great! Hope your earning power increase many fold for you to do still greater things! Nothing like helping the poor and needy, especially children. God bless!

Hot, MK. I'm getting confused. I thought TGOFFS were acquiring a foreign o&g drilling company. On June 11 2013 they did clarify that they were in prelim discussion to acquire one. Did the deal breakdown and they have since turned to oil rigs?

Hot. You are really hot on the trail of the identities of the owners. Do you think that they will expose themselves before the UMNO elections? Good platform to push up TGoffs and show their might.

Azauddin. That is the whole idea, isn't it? To buy cheap before push-up. Matrix, totally agree with you, they have no intention for us to make money. To play their game is to have holding power.

JTFX. Was referring to the boardroom changes announced on 28 and 30 Aug. I would assume that the gentlemen were loyal to the previous ceo.

From Bursa announcements, change of the old guard now complete? Perhaps, 1st Sept is the beginning of the new dawn for Tagoffs? The golden era has begun? Wishful thinking?

CT. I believe you are a good trader. Hope to learn from you. The market is going to be very volatile from now onwards and quick trades for fast profit is the way. Correct me if I'm wrong, I think the Tgoffs owners are treating us for suckers! They must be laughing at those holding their shares for medium to long term (me included), while they play the swings!

.135

okok My problem is my wb, now convert at premium. Maybe follow you and wait for 9 months? Toughlah, bought alot. In the long run, shouldn't lose money in o&g counter. Got war oil price shoot up some more.

_88 Unlikely until announce purchase of foreign drilling company. Even then depend on their connections, whether lightweight or super heavyweight. I'm beginning to think they are featherweight. Very frus lah. Maybe I follow Hot.T and go buy some of Puncak.

we all hope so!

JTFX. TGOFFS's beginning to show its muscles. Monday's opening price should gap up if there's favourable write-up in newspapers during the weekend.

Hot. If you can out guess new owners' share strategy sure make tons of money.

Hot. Hj Omar still throwing? It's understandable after being unceremoniously booted out from the company. I would be more comfortable if it moves up slow and steady, as I'm in for the medium term at least. Have to convert my wb first. Case in point, DKSH price movement gives one confidence as it's price keeps on creeping up daily.

Anyone know to whom10% shares issued to? Could it be to a foreign o&g company? Please share share lah if you have the info.

Hot. TGOFFS' push may start before Q2 results are out end Aug. To show existing business, even without OSV and new business input, can still be profitable. On HOHUP, threat from predators, have owners up their stake in the company. Sorry, went in mid June at RM0.78.

Hot. HOHUP is coming out of P17 with a bang! I think there's still alot of upside.

Ya, some ex fin min's son was mentioned. AMNO link helps! Good example, Puncak. May have planned the acquisition years back and now executing it. Take over a distressed enterprise and transform it into cindrella. How many baggers they hope to achieve? I think WB, with conversion if necessary, will max returns.