CDRC, Bursa, and Court approve the extension until early of Jun only, 3 weeks left.

McDermott compl

Installation of the topsides has cleared the decks for the start-up of gas production from ONGC’s Cluster 2 development, which has been delayed by several years owing to the Covid-19 pandemic and financial woes faced by Sapura Energy.

Long delay losing project completed!!!

4 weeks left.......

With cash strapped p17 status, no big project can awarded, only leasing job..haha

Selling SAPOMV asset sour in the society, PMX may change his mind to support SAP instead let white night take over..

Local project started flow in since 3-4 years ago?

Next year ...can put it aside lo like this, , next year may delay again...no money no project, the losing money ONGC also completed, mean 0% fabrication yard at lumut....

So another round of extension,...so next year only will turn around..

Would bursar approve the extension? The last extension took 2 months for Bursa approved, SAP submitted extension request a month before it due...

Standstill until end of May, if announce on 30-jun, then need to request extension again.....3 parties, bursa, BNM and court

Seem like suspend continued ...

Can someone call the CEO of SAP, his team forget to inform bursa lift the suspension...haha

Let the white knights come in with full force, we need FDI, now this industry is bully by Petronas, no way out. Balance ot

Sap forget to inform bursa to lift suspension.haha

I guess the suspension is because of Rafizi court case being withdraw....haha

Suspension because Rafizi???

Petronas missed the opportunity again....

No update neither from SAP nor Singor..1.5 left

1.5 months since 3 months extension granted. 1.5 months left, still need extension.....

What have the gov or PMX help SAP, why PKR started report SAP associated with PKR...can subcon receive their money before RAYA

Not even turn profit, certain social medial started praise SAP and thank PM and Gov....no profit yet .dare to put PM phote beside SAP....

Sebelum ini Malaysia Airlines mencatat keuntungan selepas 10 tahun rugi, tetapi hari ini pula giliran Sapura Energy.

Kerugian bersih bagi tahun kewangan berakhir 31 Januari 2024 berkurangan dengan ketara kepada RM 508 juta daripada RM 3.16 bilion pada tahun kewangan 2023.

The narrative of success of SAP attributes to Gov....not surprised if PM will present on the ceremony between white knights and SAP

3 billion contract took 5-6 years to complete

I believe the most losing and longer project ONGC come to an end...no profit but will reduce losses

It does not mean SAP 100% can complete all the necessary, bankruptcy is still possible. Cant afford to lose better don't touch this cointer

CapA is in better position, loan received, hair cut also completed. capA can drag

sap is different, no loan no hair cut and no job. After 5 billion completed, all will use to pay debt. The longer it drag the worst for SAP. Sub con not received money also can't sustain and will not support sap.

capA can drag, but sap can't drag

All legacy project are losing money, especially the ONGC from India, the earlier complete mean lose lesser...

After over than a month finally able to deliver the CPP Topside, Main Support Frame (MSF), Living Quarters Module, Helideck and Utility Module loaded from Sapura Yard Lumut and sailing to Offshore Kakinada, India

Remove the Sapomv will result in massive profits lo, look at Sapomv, year year lose money.

It would be good if they it take over by Adnoc, no need worry about race issue in Malaysia, I guess no one dare to boycott.

Someone suggested to close it down and put it in lelong market, haha

Compare to felda, pharma, SAP is in better position and contribution I believe,

5 billion definitely will happen before bankruptcy, because those money will flow back to Maybank, then PNB, then finally Gov.

Then question is would it close shop, if they manage to get 2 billion FDI, pay back the sub contractor 1 bill, and hair cut, it is win win better than close down, 3000 sap + 800 sub con protest on street lose their job

If 5 billion deal success, should able to get few round of fine dining. If hair cut success, then can early retire loh.
But hair cut might fail, then bye bye lo

5 mil deal is quick certain, just matter of time

How the market react to another hundred million loss....good or bad... without the restructure plan announce and finalized, nothing will happen I guess status quo

With the 11 billion debt, earn few million won't help at all. Only hair cut announcement will move the price crazy....100%. 1000000%....possible meh

5bil of OMV assets, 1 bill more than what was reported last year, CEO is laughing, 2 billion injections and 1 bill cash balance, if hair cut 2-3 billion, hope remaining debt is manageable

Another good news is completion of ONGC project...

It will only reflected in Q2..I guess

Normally lah, SAP will release the report card earlier if result is good...even result no good, new progress of the restructure or assets selling are also consider good news.

All RO, PN17, and CDRC...all extended until 10 Jun.....I guess estimated target date should be fall around early of May..very short...haha

3 months extension only...are they sure or not..haha, so after Raya everything settle

Sapura needs to file for court order extension again, expire on 10 march??

2 months since the restructure plan accepted by debtor, nothing significant progress annonce...??

Court order need to extend again, due in less than a month...

Wait sap announcement la, no need argue, so 2 buyer? Possible price different? Haha

2 billion new share adding into mother share today, will reflect tomorrow

The CEO no need take responsibility after lose 3-4 billion to salvage SAP ??

After 23-jan, PNB holding growth to 49%??

Out or not out, I believe it is not relevant. Why no new progress on the restructure