Good Evening guys , it has been a long time since the last I came in to this forum. As mention in my previous info every one were eagerly looking forward for the 3D animation findings. Before that here are some other inputs .

C7 has finally struck its 1st Oil last week after a 4 month miserableness struggle offshore India.

Now about the 3D animation, after more then a month of findings, and even there were lots of hidden truths were revealed which has made UT / BAB Management to make new changes or restructuring of Company , yet the same Old A-TEAM which compromise of Project Team, Human Resource and Engineering remains UN-CHANGED. From internal source revels that the CEO may have no choice but to remain this 3 Top Guns in the Company just to complete all the 3 remaining on - going projects. The only reason I can think of is " if the Project Top Player were removed possibility a whole lot of His Team members will leave , and this would have caused a disaster to BAB at this point of on going projects. ( My observation may not be so realistic, yet trust me that same PERSON did the same when he left MODEC to join BAB in 2008.) ]

Another new change is the former of Projects has been promoted to the New COO. This new change may look positive in the coming future if the COO wants to make EFFECTIVE Changes !

Well this are the info that I manage to gather, and deliver in this forum. Last but not least , this will be my final appearance here as I feel its pointless talking about Chicken & Duck stories, as I and many other fellow Malaysians were expecting dramatic changes to see a New Bumi Armada, yet its back to square 1.

So ariouse to all you guys who want to continue investing or not its your "CALL " as for me I am not an investor in any companies, but had some concern and hope for CHANGES in Bumi Armada, being a Malaysian to see a Malaysia Company being run by Local Talent , yet hmmmmmmmmmmmmmm............No Point thinking or talking about it.

I agree we need foreign Talent which is to a certain extend and not being dominated by them !.

Once again I take this opportunity to thank all of you who had shared your views and points all this while.

Bye .

Hi Guys..........From what I got to know , the Audits findings are still on going as new hidden issues are being raised. The 1506 project is facing financial funding's as well.
What I meant earlier "no issue : was during project phase and delivery. Currently to my understanding the operation cost in Nigeria is $63 / barrel. At this juncture of Oil Price its a negative impact being accrued

Armada Perdana & Perkasa was a clean smooth project. That time the I Team was not in power , and currently both this project are leased in Nigeria for operations. So no issues.

As informed yesterday this is the official information. Yin Son HUATTTT

inson Holdings Berhad (“Yinson” or the “Company”) is pleased to announce that the consortium of Yinson Production (West Africa) Pte Ltd (“YPWA”) and Yinson Production West Africa Limited (“YPWAL”) (collectively “the Contractor”) have been awarded a contract for the chartering, operation and maintenance of a FPSO facility (“the Contract”) by eni Ghana exploration & production ltd. (“eni Ghana”) at the Offshore Cape Three Points Block (“OCTP”), located in the Tano Basin approximately 60 km off the coast of Ghana.



Pursuant to the Contract, YPWA is the FPSO chartering company while YPWAL is the company engaged in the operation and maintenance of the FPSO.



The Company is also pleased to announce that the signing of the Contract took place on 27th January 2015 and the effective date of the Contract is 27th January 2015.



Details of the Contract



The Contract is for a firm charter period of 15 years with 5 yearly extension options exercisable by the client. The estimated aggregate value of the Contract (excluding reimbursable and cost escalation) during the firm charter period is approximately up to USD2.539 billion (equivalent to approximately RM9.158 billion at an exchange rate of USD1:MYR3.607) and an estimated total aggregate value of up to USD3.256 billion (equivalent to approximately RM11.744 billion at an exchange rate of USD1:MYR3.607) if eni Ghana exercises all 5 yearly extension options.



The FPSO is expected to commence operations in the OCTP block in 2017.



YPWA is an indirect wholly-owned subsidiary of the Company incorporated in Singapore on 5 May 2014 and is principally involved in the ship management services incidental to oil and gas extraction (excluding surveying).



YPWAL is a Ghanaian joint venture company of Yinson Production Pte. Ltd. (“YPPL”)(49%) and Oil and Marine Agencies Ghana Ltd (“OMA”)(51%). YPPL is an indirect wholly-owned subsidiary of Yinson principally involved in the ship management services incidental to oil and gas extraction. OMA is an indigenous Ghanaian company, principally involved, among others, in the provision of offshore support services, logistics & freight forwarding, vessel husbandry and liner agency.



eni Ghana is a wholly-owned subsidiary of Eni S.p.A, a multinational oil and gas company based in Italy and listed on the Milan Stock Exchange and New York Stock Exchange. The OCTP block is operated by eni Ghana (47.2%) with other partners of the joint venture, Vitol Upstream Ghana Limited (37.8%) and the Ghanaian state-owned Ghana National Petroleum Company (15%) with the option for an additional 5%.



Financial Effect



The Contract will contribute positively to the revenue and earnings of the Yinson Group for the financial year ending 31 January 2018 as well as the financial periods thereafter for the duration of the Contract.

Matrix its from my buddies who is working with Yin Son. This is a long waited project and everything has been finalized .

well guys in the forum ......YinSon will be officially singing the Ghana Contract today. Most likely to make announcement by tomorrow or the day after and i can bet the share price is gona shoot. hu huat hu huat.. ang pow lai looooooo

I know this is a forum for investment topics, Yet no harm in sharing information which is the TRUTH abt what is going around in BA right???? Anyway 3D Animation is forecasts to be release soon , so for a start i would suggest we replace the A-TEAM with I- TEAM !!!!!!!.

According to sources that has been gathered the I- Team is being very cold for the past weeks , unlike how they use to be. True that one of the TOP Gun tried to lobby Yinson, but he failed as YSP is well aware abt the current situation.

Bravo to UT Auditors who is grilling the BA Project Management team up, down , left & right.......
This should have been done long time ago which would have saved millions of $$$ of BA .

Contract is expected to be sign by this month. But dont know whats the delay or may be due to the current oil price which is slowing down the process of CS

Yin Son is set to announce their very first FPSO OCTP, Ghana Project. It will be a good start and I strongly believe that the Management is committed for a good productive project ahead. Looking at their parent company track record with 30 years plus in business is a good sign ahead.

A-Team Top Gun has been call to attend queries on Miss operations / problem on Armada Claire facilities. This is another wind stock for BA

All I can say now is cost reduction has started and downsizing on unwanted positions . To be frank here BAB has busted their head count which was a disaster for the past years.

Abt the CTO HR . .seriously no idea how did HE gt in such a position when BA suppose to have a local content for HR positions.....

C7 was BA own design which they were to confident that has resulted a deep HOLE. By awarding a Un-Known/ Non qualified HUC this is what they get. All of us here agree that BA has had many personal agendas, buyers starting from recruiting, contract awarding and also shall i say a COW BOY BULLDOGGING project excursion !!!!!

Conclusion is pity to see a Malaysian Company drowning down pretty badly. I am not condemning the company but its time the Management look into the interest of how to secure itself from bleeding further. There are many local talent project personals with a far more cheaper scale compare to what Singapore A Team has and what they earn.

Lastly just came to know that Madura Husky Project is being finance S & P Group of 51 % stake .....

KL office has started downsizing.... expats with big fat pays are removed ........
Changes have started to be seen. ..........Preview of 3D animation to start soon...........Grab your VIP seats for the BIG SHOWTIME

Just gt news that C7 so far only 2 risers has been hooked up. Chain badly twisted and damaged. Maj repair is required. ........3 months since C7 left from Singapore its a maj delay for HUC....

Karma- There will not be any chance off any A- Team members moving into YSP. Worse case the A- TEAM may set up their own New Fishing Company back in Cheenai Waters.

There is a major hick up on the GTG Turbines for Kraken . Initially it was suppose to be awarded to Solar, then BAB Smart ass skip and gave it to Wartsila . Wartsila has been in the dark and has sub- con the Turbine Packages to WASCO who is also in the dark without doing nothing. Finally BAB has approach Kepple Shipyard , in which the Yard has said NO !!!! Another topic is that BAB keep on changing their proposal of design in awarding packages due to finiancial crisis which is bleeding them badly.

hey guys latest info. ( not sure how genuine is it ) , Just got to know that the project team contracts will expire upon project completion of Kraken & 1506 respectively. This means no more project there after that for current BAB????? Gosh!!!!!!!!!!!!!11

karma . Correct answer and that's what I men't as well.

PDM172, for your info lets say U are the new buyer regardless Ur from the same country, do u think u want to maintain the same A-Team who has created shityy to the current company. A wise fellow will surely bring in HIS own team rather then working with the spoiled viruses.....Think Think Think...........

Good afternoon guys.huhuhu....y la u all tensed now??? C7 is still not hooked up la.come on guys face it ........gone were the days of running around the bush and UT Group is no longer buying all the bull shit stories anymore.
As I said the 3D animation movie is yet to release soon and then all will know how many jINGBENGS will be asked to leave or worse then that.

Its time for a new management to come in. My 1 cent view will be a new buyer from India ...Speculations looks ahead like that . But who ever also this Spore A Team will be wiped out pretty sooon..............

Happy New Year Gentlemen's. Hope that every one is eager to hear what is the next move of Bumi Armada in order to regain its confidence within the BOD and Public. Regardless of the tsunami that took place in early Dec , please be seated to watch the new release of 3D Animation of Audit Findings in 2 weeks times folks........

Guys, HB never lose a single cent. His share was given free by BA, so nothing for him to loose. Anyway which ever New appointed CEO comes in he really needs to stick his head into the current FPSO Project operations in Singapore which is full piles of corruption shit, personal agenda and etc etc etc.

Make it short a few millionaires have been born in Singapore Project Team since 2010...bla bla bla...

The New CEO & BOD has to really look into all aspects in the project team , engineering team and not to forget the HR Department.
Being a Malaysian listed company they need to ask them self firstly do they really need a CTO to manage the HR department. So many personal agendas by so call "india mali lo geng "..........Bumi Armada is a Malaysian listed company not some bloody company run by Madras Drop out school boys.............

Madura Husky postpone again. Internal source say may be re- bit again. Husky not confident in the recent changes where HB is no longer. Worse yet to start.

with the search of a new CEO for Bumi Armada, I can forsee already a major revamp will take place in Singapore operations which is currently a disaster of buyers of Indian ethnics that has gone way down. Poor management is also a root cost, with less experience in handling projects like Kraken & 1506. Lets see the fun begins with budget bursting in kraken @ this stage and god knows what else. If the new CEO is a white guy then the tug war begins first in Singapore ...........huhahuha huha .......Bumi Armada is a Malaysian company and its supposed to be a multinational players and a multinational organization not with one major intakes of staffs from India. Poor screening of hiring in the project team with lack of experiences and they get hirs because of buyers, ......loory driver also can be hired as a technician mean what else ....worse is yet to come..........

Bumi Armada offcially announced yesterday that the CEO has step down . Worse to see ahead ..