Humbleguy, since you are content with humble and open hearted, I guessed that you shall admit and take off your mask behind, you might be hired under armada employment likely top key of A-team who loves hurting people and their family and create team dominated. The right eligible personally to answer your psycho puzzles is ex-CEO HB. You can enable writing a mail with best regards of happy holidays or call directly captain ex-CEO HB to invite himself to attend your puzzles and his farewell party about ex-SBM team success and what will a team success story too.
Also, why he jump out of sinking/capsize boat immediately. Don't forget HB bringing in top key and his A-team knock down his own business empire, create politics as people killer, nightmare to BA management and owner.
Also, don’t forget tell HB invite top key and A-team, BA management and owner to share with how they screw up armada projects from day one of their joining in such short time. This impact still continues to deteriorate armada now and future growth.
Interestingly to know how top key A-team can cause BA from a profitable business with net profit of 121m quarterly last year compared to net loss of 55m in a year time.

Humblegue, are you employment of armada or employed as independent English teacher. Your tone is likely Indian -accented or team-dominated. New management shall very fair toward everyone (reward or vice versa) after top key and A-team bring down company growth at both now and future.
Not only armada profitability get eroded significantly and also armada growth future. Having no strong cash flow to refinance project, trust that top key bear for the responsibility-causing nightmare to owner and investors.

@cclim78
Without ex-CEO and ex-SBM team armada won’t be able to get any new job. All 24.5bil book order will be screwed up by top key A-team one by one as they are good at this.
Seems slow cooking is a very comfortable way to die!

@cclim78
Without ex-CEO and ex-SBM team armada won’t be able to get any new job. All 24.5bil book order will be screwed up by top key A-team one by one as they are good at this.
Seems slow cooking is a very comfortable way to die!

Hi guys, wake up!
The key is ex-CEO and his ex-SBM team brought in all jobs and deliver it.
Without ex-CEO and ex-SBM team armada wil not albe to win and deliver any FPSO jobs in the future!
Now ex-CEO and his team as loser in armada power again due to back stab buy his old Indian friend top key Ateam, what will happen next.
Armada complete loss capability in FPSO business!
Top key Ateam they are just destroyers who good at screw up projects such as Armada Claire, C7 and followed by Kraken, Eni1506 and Madura.
They are like Siva.
No more creators in armada!
Can armada still survive?

@weng77, dont be so excited. as usual TATA will make use of top key Ateam to create more disaster know down price to xx-cents. why Hassan and his exSBM team being kicked out? a poisonous politics agenda behind!

@oilguiy75,
4 months miserableness struggle offshore India cause another huge loss made Q1 red.
in additional first oil is nothing help armada current condition. c7 mooring system under design issue still not solve.
ABS question there design and refuse to approval.
independent reviewer BV refuse to endorse as well.
armada did c7 model test in shanghai and the result again proven ABS, BV is doing the right thing.
the worst s armada are cheating all parties and say they didn't do model test as the result is not in their favor.
now ONGC dont want to accept c7.
legal claim is on going!
Finally "top key" Ateam successfully kicked Hassan Basam (bite the hands that fed them) and his exSBM team team out of armada. they are the giant poisonous cobra!
with full control by "top key" Ateam armada will sink faster than ever before.
AK loss confident fully just want to sell all his armada share.
Heard AK is talking to an Indian company which said is related to TATA group.
very clear AK just want to sell all before armada hit seabed !
Dear all investors, be careful and good luck!

@tshwong, read you old post. now its time for you to out from this forum. as said. armada q4 is red. proven ogat8989 is telling the true. i am help smaller investors by provide truth to all.
greedy guys who trust big shark and etc, will loss all underware in the end.
i can tell you there are still huge loss is not reported in Q4. Q1-15 will be red as well.
wait and see 2014 audited final report.
now another down trend of armada started.
in a slow cooker way...
you ever heard how warn water kill frog?

read you old post below. better disapear from this forum!

tshwong For ogt8989 and Karma, if Armada's Q4'14 results are not showing 'red', can 2 of yr guys holding hands together and get yr stupid asses out from this thread??
16/01/2015 11:15

any way, let bankers tell you guys to buy...
when they are selling...
typical in market
shark eat fish to grow

take care

Armada Claire facility problem yet to solved. Client will terminate contract if cant solve…

Next loss to report. C7 turret mooring riser system and offshore hook up problem cause delay more than 5 months and loss more than USD100m at least consider the large fleet at offshore till now.
Furthermore, penalty charge, no acceptance from ONGC….
Another new year gift from “top key” , A-team , oiltech….to armada new management and AK…, This is the balck hole where armada money sink to
Hahaha

more loss to report

armada future extremely bad
just sell
run

read more : layoff employee, no more bonus.....soon

The company also revealed in its financial results on Thursday it had initiated measures to reduce costs, which it said could include cutting jobs, as it looks to improve efficiency and capital budget amid low commodity prices.

read more : layoff employee, no more bonus.....soon

“We remain focused on executing and delivering our three FPSO projects which are under conversion, as well as managing our OSV and T&I businesses through what will be a challenging year in 2015,” he added.

read more : so clear a lot outstanding receivables - so many loss ahead. can oil company and Russian company pay?

Chan also said Bumi Armada intends to enforce its contractual position and pursue collection of outstanding receivables.

r°Moi
ogt8989 - The Oracle

pleas note EPF is keeping more 25 m share in feb 2015

@r°Moi
Never listen to bankers and they reach paper. Their target price all bull shit and never reach.
They just say good and they sell. And say bad they buy.
2015 condition is even worse for O&G sector. Armada will just keep drop.
Armada have so many internal problem and politics and … etc.
The so-called “top key” with 25 years more relationship with Hassan Basam eventual made Hassan sacked.
The acting CEO seems will be played by this “top key” as well. If he not take lesson learned from Hassan, no surprise he may be the next be sacked when armada keep sinking.
Based on consciences, ogt8989 and many others provide true info to alter small investors.
Sell !
Run !
Never look back again !

Armada sink into red zone eventually.
Its not end
Just a start of further disaster
“top key’ A-team , oiltech just continue to make more and more disasters to armada
They achieved first target. Made exCEO Hassan Basma sacked and armada to red zone.
More loss from FPSO projects will be reflected in the future.
New audit team will have more discover as well.
C7 still in deep shit. Wil bring in more loss to armada. Just ask yourself with a huge fleet of tud, OSV, crane vessel and etc. at offshore for 5 months what is the cost?
More loss from Armada Claire, kraken, eni1506 and …..
What is new P/E now?
Keep current P/E 13.6 target price 0.59RM
However further drop of profit in 2015 is expected due to problem in FPSO projects, low rate in OSV, poor performance in T&I and etc. and low oil price.
So much lower profit or even loss for whole year 2015 is highly possible.
If profit keep the same rate of drop like 2014 and based on 15 P/E the target will be 0.32RM
If 2015 red what is target price? You say…
No big shark holding the price to offload. See EPF keep selling?
After they cross the river will just burn bridge.
That time comes, banks will down grade armada to sell. But now they just keep quiet to sell first.
Wake up from dream!
Sell !
Run !
Never look back again !

where is cck8999

ogt8989 arwen_eowyn
Q4 will be red for sure taken into the disaster of armada claire and now cluster 7. Kraken also in deep shit. soon will be eni and madura. one disaster after another created by A-team.

pity to see HB step down due to problem created by his A-team.

many senior guys VP, GM and ... been sacked or run away after CEO step down.
more on the way.

OSV , T&I in deep shit.
Oil field service just wasting money last 3 years with 0 income
FPSO sector project in problem one after another. super low price now all cost over run, delay.. loss money.

armada will enter red color era ....

hahaha

HB clever jump off from armada
15/01/2015 12:59

of mooring line wire ropes broken. no spare parts to do repair.
Risers also damaged
Root cause is poor and significantly under design of turret mooring and riser system.

ONGC 3rd party independent check and model test all confirm c7 mooring seriously under design. ONGC no accept C7.
Will see court case on c7. A big claim from ONGC will put 2014 and 2015 in red colour.
All is created by HB trusted A-team. Pity HB step down due to poor performance of A-team.
15/01/2015 14:22

ogt8989 q4 will be red report huge loss !
due to announce next week.
play safe sell all go for CNY
sell all !
run ! never look back again !
12/02/2015 13:12

ogt8989 Not only Balnaves, C7 is getting worse and bad news from site every day.
Mooring system load capacity seriously under calculated. Poor mooring system made riser system in high risk of damage and oil pollution.
ABS refuse to approve such a under designed mooring system.
Design checker class BV refuse to endorse armada design.
Model test on mooring system by test basin in shanghai proven the system is serious under designed.
ONGC refuse to accept such a under designed mooring system.
More design fault in cause further disaster at offshore india
More than 3 months on side still can hook mooring lines
Many mooring lines broken and riser damaged during hook up.
FPSO hold by many tugs plus armada hawk!
Everyday cost millions of dollars
Plus ONGC charge penalty!
a Xmas gift from “top KEY” to Hassan Basma before being kicked out by armada !
hopeless counter
Q4 and 2014 will be red color!
sell !
run !

freestylepunk Today we find out if ogt8989 and his multiple accounts have been feeding us correct information or not LOL.
18/02/2015 12:24

Not only Balnaves, C7 is getting worse and bad news from site every day.
Mooring system load capacity seriously under calculated. Poor mooring system made riser system in high risk of damage and oil pollution.
ABS refuse to approve such a under designed mooring system.
Design checker class BV refuse to endorse armada design.
Model test on mooring system by test basin in shanghai proven the system is serious under designed.
ONGC refuse to accept such a under designed mooring system.
More design fault in cause further disaster at offshore india
More than 3 months on side still can hook mooring lines
Many mooring lines broken and riser damaged during hook up.
FPSO hold by many tugs plus armada hawk!
Everyday cost millions of dollars
Plus ONGC charge penalty!
a Xmas gift from “top KEY” to Hassan Basma before being kicked out by armada !
hopeless counter
Q4 and 2014 will be red color!
sell !
run !

just call HB ask him why he forced to out of armada! What is the root cause! Ask HB the root cause is top KEY, A-team, Oiltech Engineering or etc, or all of them?
Any way pity HB being kicked out from a company he spent almost 10 years to build up. Any loss $ on share option. Agree sppining sail a most “Tun Tai” CEO
Whole world know HB was not resign due to “family reason”.
All FPSO projects in big mess, loss $$$$.
Balnaves project loss USDxxx m due to delay, rtm mooring system engineering problem, facility problem and etc. high risk of terminate contract by client if can’t fix problem. Google for “FPSO Ningaloo Vision” and find out how it killed No.4 FPSO company “Prosafe Production”. History is repeating now!
C7 turret mooring riser system serious design problem and mooring load under design. No any party or ONGC accept this system. 3 months at offshore still can’t hook up. Mooring line broken still not able to repair. Riser damaged. Even after mooring hook up, still more challenge of topside facility ahead.
Kraken in a mess, another project manager totally loss confident and left weeks ago.
Eni l506 is deep shit, key person left project. Client totally loss confidence
Madura just another disaster ahead. However, armada will collapse even without this disaster.
OSV , T&I sector in cold winter.
Oil field service, FLNG, marginal field never get a single cent after 3 years, just spending!
Many new findings everyday by audit!
Q4 will be red. Just another 2 weeks. Tsunami ahead.

A lot of hidden bad news under the carpet by old armada management and A team eventually dig out by audit.
That is why HB has to go!
Just be seated watching 3D animation!
OSV, T&I all at huge loss !
Oilfield service, FLNG, marginal field never own a single cents in last three years !
FPSO sector all projects in deep shit.
Low contract value and poor conversion are killing armada !
Armada Claire suffer USD xxx m loss. Facility in problem so far still cannot be fixed. Huge risk of terminate contract!

C7 turret mooring and riser design serious problem. Mooring load seriously under estimated which confirmed by third party verification and model test. Cannot hook up after 3 months at offshore. Mooring line broken, riser damage. ONGC no accept C7!

Kraken also under serious problem. Project manager from UK just run away just left armada few weeks ago; this is third project manager since project start. Situation from bad to worse everyday!

Eni 1506 also in deep shit. And Madura……

Armada finally destroyed!

Real challenge for CCB.

very simple just call HB ask him why he forced to out of armada! What is the root cause! Ask HB the root cause is top KEY, A-team, Oiltech Engineering or etc, or all of them?
Any way pity HB being kicked out from a company he spent almost 10 years to build up. Any loss $ on share option. Agree sppining sail a most “Tun Tai” CEO
Whole world know HB was not resign due to “family reason”.
All FPSO projects in big mess, loss $$$$.
Balnaves project loss USDxxx m due to delay, rtm mooring system engineering problem, facility problem and etc. high risk of terminate contract by client if can’t fix problem. Google for “FPSO Ningaloo Vision” and find out how it killed No.4 FPSO company “Prosafe Production”. History is repeating now!
C7 turret mooring riser system serious design problem and mooring load under design. No any party or ONGC accept this system. 3 months at offshore still can’t hook up. Mooring line broken still not able to repair. Riser damaged. Even after mooring hook up, still more challenge of topside facility ahead.
Kraken in a mess, another project manager totally loss confident and left weeks ago.
Eni l506 is deep shit, key person left project. Client totally loss confidence
Madura just another disaster ahead. However, armada will collapse even without this disaster.
OSV , T&I sector in cold winter.
Oil field service, FLNG, marginal field never get a single cent after 3 years, just spending!
Many new findings everyday by audit!
Q4 will be red. Just another 2 weeks. Tsunami ahead.
Watch 3D animation!

Latest news of C7 from confidential source
C7 turret mooring still not able to hook up. Vessel hold by three large OSV and crane vessel Armada Hawk. Broken mooring lines and damaged risers yet to be repaired.
Vessel left Singapore Keppel yard Oct 2014. Five months already still can finish turret mooring system hook up!
Another disaster created by “top key”,A-team,oi;tech. Even worse than Armada Claire problem.
When will be C7 first oil?
In addition mooring system under design and other design problem still not solved yet.
Class ABS no approve. Review part class BV rejected. ONGC no accept.
More challenge ahead even after mooring and riser hook up.
A challenge to topside facility of C7.

How to provide a good Q4 and year 2014 result with so many problem created by “top key”,A-team,oiltech!
Armada Claire failed. Huge loss money and delay. Facility problem remained unsolved!
C7 failed due to turret mooring problem and more problem ahead!
Kraken is big mess, Project managers keep run away one after another !
Eni 1506 will fail with the loss real talent/experts from Europe!
Madura ……
OSV sector in bad season!
T & I sector bad as well!
Oil field service, marginal field, FLNG sectors no single job after set up for more three years!

Upupshare mestilah Ateam atas “top key” atau pengikut beliau Yang mencipta masalah c7 Dan juga masalah projek lain Yang sedang disbuat, exCEO Hassan Basma dipecat. Bila adalah minyak pertama dalam c7? Anda memberitahu semua orang di dalam forum c7 yang dijangkakan Jan 2015 pertengahan. Kini pertengahan Feb sudah. Dan tiada tanda tanda bencana c7 penyelesaian. Upupshare . Anda adalah pembohong besah, get out dari kaunter ini

Latest news c7 offshore site from confidential inside source. Mooring system still cannot hook up. Vessel hold by three tugs plus armark hawk. Millions of dollars spending…
Broken mooring lines and damaged risers still no repaired.
Mooring system under design problem yet to be solve. No approval from class ABS. calculation rejected by design review party class BV. Ongc no accept. Further legal / contractual claim on going…
Ex-CEO HB trust “top KEY” , “top KEY” built up Ateam and Oiltech engineering made HB lost CEO job and kicked out by board. Pity HB never take lesson learned. “top KEY” just use armada as a platform to build his own business empire!
Armada owner and CCB, new CEO, management team take care and need to rebuild public confidence which is seriously damaged by “top KEY “ / Ateam / oiltech engineering !

Upupshare must be Ateam “top KEY” or his follower who created c7 problem and also other problem which made exCEO HB being kicked out / sacked
When's first oil in Cluster 7 ? You told everyone inside forum that it is expected by mid Jan of 2015. Now mid Feb already. And no sign of c7 disaster is solving.
upupshare. You are BIG LIAR, Get out from this counter.

Latest news c7 offshore site from confidential inside source. Mooring system still cannot hook up. Vessel hold by three tugs plus armark hawk. Millions of dollars spending…
Broken mooring lines and damaged risers still no repaired.
Mooring system under design problem yet to be solve. No approval from class ABS. calculation rejected by design review party class BV. Ongc no accept. Further legal / contractual claim on going…
Ex-CEO HB trust “top KEY” , “top KEY” built up Ateam and Oiltech engineering made HB lost CEO job and kicked out by board. Pity HB never take lesson learned. “top KEY” just use armada as a platform to build his own business empire!
Armada owner and CCB, new CEO, management team take care and need to rebuild public confidence which is seriously damaged by “top KEY “ / Ateam / oiltech engineering !

AK wants to sell all his armada share!
AK totally loss confident due to such shit condition and HB being sacked.
All projects in big mess!
Balnaves failed. High risk terminate contract by client
C7 failed.
Kraken in deep shit. Project manager run away. Client very disappointed with progress.
Eni 1506 in big mess. European experts all left bumi. Client very angry.
Madura …..
Sell !
Run !
Before Q4 and 2014 audit report, tsunami come.
After 2014 report , price free fall!

Not only Balnaves, C7 is getting worse and bad news from site every day.
Mooring system load capacity seriously under calculated. Poor mooring system made riser system in high risk of damage and oil pollution.
ABS refuse to approve such a under designed mooring system.
Design checker class BV refuse to endorse armada design.
Model test on mooring system by test basin in shanghai proven the system is serious under designed.
ONGC refuse to accept such a under designed mooring system.
More design fault in cause further disaster at offshore india
More than 3 months on side still can hook mooring lines
Many mooring lines broken and riser damaged during hook up.
FPSO hold by many tugs plus armada hawk!
Everyday cost millions of dollars
Plus ONGC charge penalty!
a Xmas gift from “top KEY” to Hassan Basma before being kicked out by armada !
hopeless counter
Q4 and 2014 will be red color!
sell !
run !

celling @1.20!
just hold @1.20 for big sharks pffloading. EPF keep selling.
too late when disappointed 2014 final audit report publish!
big guys already know this. all keep selling !

if armada ok why exCEO HB sacked?
sell!
run!

just simply provide investors with real info what is the problem and shit in armada.
help you guys to avoid loss money due to miss leading by those big sharks who are keep selling to your guys.

just ask yourself a simple question: if armada no problem why ExCEO HB sacked and kicked out?

well, wait for Q4 and 2014 audited report you will know.
but will be too late then.
poor 2014 result will just make armada price free fall !

sell!
run!

target drop to below 1 again.
free fall when annual result publish

see below bad result !
sell !
run !

q4 will be red report huge loss !
due to announce next week.
play safe sell all go for CNY
sell all !
run ! never look back again !

58nchong
all is true will be proven.
wait and see Q4 result.
just think if not true who can sack exCEO HB ?

just call HB ask him why he forced to out of armada! What is the root cause! Ask HB the root cause is top KEY, A-team, Oiltech Engineering or etc, or all of them?
Any way pity HB being kicked out from a company he spent almost 10 years to build up. Any loss $ on share option. Agree sppining sail a most “Tun Tai” CEO
Whole world know HB was not resign due to “family reason”.
All FPSO projects in big mess, loss $$$$.
Balnaves project loss USDxxx m due to delay, rtm mooring system engineering problem, facility problem and etc. high risk of terminate contract by client if can’t fix problem. Google for “FPSO Ningaloo Vision” and find out how it killed No.4 FPSO company “Prosafe Production”. History is repeating now!
C7 turret mooring riser system serious design problem and mooring load under design. No any party or ONGC accept this system. 3 months at offshore still can’t hook up. Mooring line broken still not able to repair. Riser damaged. Even after mooring hook up, still more challenge of topside facility ahead.
Kraken in a mess, another project manager totally loss confident and left weeks ago.
Eni l506 is deep shit, key person left project. Client totally loss confidence
Madura just another disaster ahead. However, armada will collapse even without this disaster.
OSV , T&I sector in cold winter.
Oil field service, FLNG, marginal field never get a single cent after 3 years, just spending!
Many new findings everyday by audit!
Q4 will be red. Just another 2 weeks. Tsunami ahead.

Latest news !
C7 hook up still not done. Mooring lines broken, risers damaged. Hold by 3 tugs and armada hawk .
Poor design !
Armada is blaming installation guys. Big argument on going !
All parties including classification and client ONGC no accept such a under design and problematic system!
This is just step one !
Next step will be challenge on topside facility!.

A lot of hidden bad news under the carpet by old armada management and A team eventually dig out by audit.
That is why HB has to go!
Just be seated watching 3D animation!
OSV, T&I all at huge loss !
Oilfield service, FLNG, marginal field never own a single cents in last three years !
FPSO sector all projects in deep shit.
Low contract value and poor conversion are killing armada !
Armada Claire suffer USD xxx m loss. Facility in problem so far still cannot be fixed. Huge risk of terminate contract!

C7 turret mooring and riser design serious problem. Mooring load seriously under estimated which confirmed by third party verification and model test. Cannot hook up after 3 months at offshore. Mooring line broken, riser damage. ONGC no accept C7!

Kraken also under serious problem. Project manager from UK just run away just left armada few weeks ago; this is third project manager since project start. Situation from bad to worse everyday!

Eni 1506 also in deep shit. And Madura……

Armada finally destroyed!

Real challenge for CCB.

Following ex-CEO BH forced to out. More under carpet shit found by audit will be exposure under the sun by new management team.
No doubt this will be huge loss of $$$ from disaster projects such as Armada Claire, C7. And followed by Kraken, eni1506 and Madura be the next.
Without solve the root cause which create all these disaster, armada just collapse!

Brian, very simple just call HB ask him why he forced to out of armada! What is the root cause! Ask HB the root cause is top KEY, A-team, Oiltech Engineering or etc, or all of them?
Any way pity HB being kicked out from a company he spent almost 10 years to build up. Any loss $ on share option. Agree sppining sail a most “Tun Tai” CEO
Whole world know HB was not resign due to “family reason”.
All FPSO projects in big mess, loss $$$$.
Balnaves project loss USDxxx m due to delay, rtm mooring system engineering problem, facility problem and etc. high risk of terminate contract by client if can’t fix problem. Google for “FPSO Ningaloo Vision” and find out how it killed No.4 FPSO company “Prosafe Production”. History is repeating now!
C7 turret mooring riser system serious design problem and mooring load under design. No any party or ONGC accept this system. 3 months at offshore still can’t hook up. Mooring line broken still not able to repair. Riser damaged. Even after mooring hook up, still more challenge of topside facility ahead.
Kraken in a mess, another project manager totally loss confident and left weeks ago.
Eni l506 is deep shit, key person left project. Client totally loss confidence
Madura just another disaster ahead. However, armada will collapse even without this disaster.
OSV , T&I sector in cold winter.
Oil field service, FLNG, marginal field never get a single cent after 3 years, just spending!
Many new findings everyday by audit!
Q4 will be red. Just another 2 weeks. Tsunami ahead.
Watch 3D animation!
Sell ! run !

just think if no such big mess and huge loss why HB kicked out?
sell !
run !
before 3D animation on line

frees
soon all will be in news
but its too late when in news paper

Latest news !
C7 hook up still not done. Mooring lines broken, risers damaged. Hold by 3 tugs and armada hawk .
Poor design !
Armada is blaming installation guys. Big argument on going !
ONGC no accept such a under design and problematic system!
This is just step one !
Next step will be challenge on topside facility!.
Sell !
Run !