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2017-04-28 17:29 | Report Abuse
DNeX is pleased to announce that its associate company, Ping Petroleum Limited (“Ping”) had on 27 April 2017 received approval from the Oil and Gas Authority of the United Kingdom for a farm out agreement.
The approval is a key condition precedent for the farm out agreement between Ping’s subsidiary company Ping Petroleum UK Limited (“Ping UK”) and a wholly-owned subsidiary of Sumitomo Corporation, Summit Exploration and Production Limited (“Summit”).
Ping UK was incorporated in England and Wales under the Companies Act 2006 of the UK on 22 July 2015 as a private limited company. It is a wholly-owned subsidiary of Ping. Ping UK’s principal activities are exploration, development and production of crude oil and natural gas.
Under the farm out agreement, Ping UK that is currently co-operating the Anasuria cluster of producing fields in the UK sector of the North Sea, will farm in and co-invest with Summit in two oil and gas assets located in the UK Central North Sea (“Project”). Ping UK will have a 50 per cent working interest in the Avalon oilfield development located at licence area 21/6b. Ping UK will also participate with a 20 per cent working interest in the Ranger exploration well located at licence area 15/16d.
Investments for Ping UK’s share of this venture will be fully funded by Ping UK.
The Project is expected to contribute positively to the future earnings and net assets of the DNeX Group.
The Project will not have any effect on the issued and paid-up share capital and the substantial shareholders’ shareholding of the Company as it does not involve issuance of new shares by the Company.
The risks associated with the Project include but are not limited to changes in regulatory and general economic conditions such as inflation, environmental, health and safety regulations, taxation, foreign exchanges and interest rates.
None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company have any interest, direct or indirect, in the Project.
The Board of DNeX is of the opinion that the Project is in the best interest of DNeX Group.
The Company will make the appropriate announcement as and when there is a material development in relation to the Project.
This announcement is dated 28 April 2017.
2017-04-28 17:26 | Report Abuse
haha, as long as it's good news, copy much as u like... kikikiki
2017-04-28 17:23 | Report Abuse
wow, good news! Tuesday limit up!!
2017-04-28 17:10 | Report Abuse
haha, I think many sell son to buy mother, coz expect AGM got good news and superb QR.
2017-04-28 07:40 | Report Abuse
Good morning, hope DNeX will closed green today and we all laughing all the way to AGM ... kikikiki
2017-04-27 23:34 | Report Abuse
will dream of riding on rocket tonight... kikiki good night.
2017-04-27 23:33 | Report Abuse
If DNeX closed green tomorrow, then we all get prepare to ride on rocket after AGM... kikikiki
2017-04-27 13:50 | Report Abuse
mother for long term, son for short - mid term
2017-04-27 13:31 | Report Abuse
wow, today's morning session like roller coaster, hope afternoon got show to push back above 0.60.
2017-04-26 21:07 | Report Abuse
2017-04-26 20:46 | Report Abuse
end of next month QR, better performance expected , SysArmy will contribute more revenue.
2017-04-26 19:40 | Report Abuse
As I said, DNeX bullish towards AGM, tomorrow
2017-04-26 16:53 | Report Abuse
will closed @0.600, son 0.360, well done DNeX, tomorrow no more 0.5xx... hopefully.. kikiki
2017-04-26 15:48 | Report Abuse
AGM sure got something to be announced!
2017-04-26 15:46 | Report Abuse
wow, it's 3.30pm show, not 4 pm show...
2017-04-26 11:31 | Report Abuse
could it be something related to Digital Free Trade Zone? huhuhu... let's see....
2017-04-26 11:30 | Report Abuse
DNeX so strong uptrend despite of oil price crash down, something exciting will announce soon?
2017-04-26 10:53 | Report Abuse
Today DNeX achieved MD's target of become market capital RM1Billion , next will be USD1Billion ? kikiki
2017-04-26 09:24 | Report Abuse
ESOS & contra sell down will take place... afternoon 4pm show today? This time mother and son may move together to achieve higher high.. my2cents.
2017-04-26 06:29 | Report Abuse
I think many out there happily absorb the ESOS sell down if happen today ... kikikiki
2017-04-25 18:04 | Report Abuse
Greatful is not a 'Vege Bird' , he's an 'high hand', he been gain some profit from Pesona, now join DNEX too...
2017-04-25 17:20 | Report Abuse
wow, another director buy @ 0.495, DNeX sure bullish towards QR announcement!!
2017-04-25 14:29 | Report Abuse
if I'm poor staff, I borrow money to subscribe ESOS, then sell halt when listing, ta-da, instant free shares plus some pocket money
2017-04-25 13:15 | Report Abuse
haha, run for only 1.4mil ESOS listing? what's your intention to asking people run?
2017-04-25 12:58 | Report Abuse
maybe Censof sold their shares to sharks to goreng further up.... kikikiki
2017-04-25 12:40 | Report Abuse
ya, Censof may sell another 80mil shares so that remaining stake are all "free shares"... according to nanyang online report...
2017-04-25 09:54 | Report Abuse
Well, as i predicted, many sell son to buy mother,mother move faster than son... next qr (Jan-Mar 2017)should be a CANTIK one, last time i said DNeX bullish towards AGM, now i say DNeX bullish towards 2017Q1 QR!! Kikikiki
2017-04-24 23:16 | Report Abuse
DNeX got so much cash, but no final dividend recommended, may have something big planned...
2017-04-21 19:16 | Report Abuse
MD convert 22,200,000 units of ICULS to mother shares, look like something is brewing
2017-04-21 14:06 | Report Abuse
0.135 is a bargain already, cheaper than the pp 0.140... of course can get cheaper than 0.135 is better ;o)
2017-04-21 13:55 | Report Abuse
who knows maybe the BY 2020 is today or tomorrow... kikiki
2017-04-21 13:54 | Report Abuse
MD said DNeX will reach market capital of RM1 Billion by 2020... BY 2020 that's mean can be anytime before 2020.
2017-04-21 09:28 | Report Abuse
I Think more & more people will sell son to buy mother towards AGM ... mother will move faster than son in the next uptrend wave... my2cents.
2017-04-18 08:58 | Report Abuse
the que today so unusual, DNex flying today?
2017-04-16 07:29 | Report Abuse
north Korea missile test fail.
2017-04-15 23:31 | Report Abuse
Bornoil now the 6th Top Pick of the survey! never thought Bornoil so popular among retailer.
2017-04-15 18:09 | Report Abuse
Surprisingly, Bornoil is the 8th Top Pick for hot penny stocks survey by HarryTeo https://www.facebook.com/groups/sharixinvestment/permalink/1709471959080048/
2017-04-15 18:06 | Report Abuse
DNeX is the NO.1 Top Pick for hot penny stocks survey by HarryTeo https://www.facebook.com/groups/sharixinvestment/permalink/1709471959080048/
2017-04-15 14:06 | Report Abuse
hopefully what I predict will come true soon and I'll attend the AGM to find out myself.. good luck everyone :o)
2017-04-15 14:02 | Report Abuse
and also re-enter son at 0.2x, my avrg for both not too low, cause I added some more after MD acquired 7.5%more share.
2017-04-15 14:00 | Report Abuse
my first buy of DNeX is 0.245, son is 0.75, but I sold son at 0.135, remain mother, and I'm still holding.
2017-04-15 13:57 | Report Abuse
I'm not afraid if DNeX drop some more, just regret didn't add more when DNeX was 0.245..
2017-04-14 17:32 | Report Abuse
wow, censof also sell at 0.430, sell to Zainal Abidin?
Stock: [SYSTECH]: SYSTECH BHD
2017-04-28 17:39 | Report Abuse
QR will be good good one.. bullish all the way towards QR... kikikiki