"Delay King".

Rumours said first oil is delayed until end of July 2017. You decide if you want to believe or not.

Gap down to 65cents?

Time to enter....this is the way man....

Hugh massive overbought at 0.78, hugh resistance at 0.78, Bumi Armada is a "Delay King". "Very very confident" of first oil before 30June2017. Now 10 more days left. Where is the first oil??? Why no news so quiet? Waiting to crash down to 0.70 due to "Delay King Bumi Armada first oil"??? If, if, if another delay of first oil, another USD50million penalty, with high risk of Kraken project termination. Where is first oil? Where is first oil???

Massive overbought by retail punters at 77-78 cents. Anytime retail punters will cut loss and sell until 70 cents.

70 cents coming! Sell and exit before it is too late.

Head and shoulder---> big crash coming...inverse head and shoulder---> great gain coming.... both technical chart looks exactly same

I believe it is 70 cents next target.

It is just like JJPTR money game.....

Khat is posting the same ULTRA BULLISH comments in Tropicana counter. Everyone please have a look. I suspect he has been paid RM200,000 plus cash by punter groups to influence retail investors to buy their shares at hand for them to sell out at higher price.

So now what? Another delay until Jan 2018? Delay King Bumi Armada? Payment to Enquest can wipe out its full year earnings in Ringgit Malaysia! Oh Gosh!

Bumi Armada is now paying Enquest, not Enquest paying Bumi Armada. Delay delay and delay, typical of Bumi Armada. Static cannot move like bumi, but when gempa bumi, dropping like hell!!!

0.70 here it comes. Sell sell sell.

Last year 2016, Bumi Armada was confident of first oil before end of 2016, then confident of first oil first quarter 2017, then confident of first oil before end of March 2017, then confident of first oil in April 2017, then confident of first oil in May 2017, now confident of first oil before 30Jun 2017...... very very confident!!!

Bumi Armada has been confident of Kraken FPSO since 2015 from delay completion of FPSO, delayed delivery of Kraken FPSO, delayed sailing away, delayed onsite hooking and installation, delayed first oil.....every time asked Bumi Armada said very confident and very confident, but still delay delay delay....

Buy at 70 cents, sell now before it is too late!

Massive overbought at 78 cents, retail punters will run cut loss until 70 cents!

70 cents here it comes, run run run!

Massive resistance at 78 cents. Not right time to buy. Overbought at 78 cents. Will drop back to 70 cents.

70 cents I am waiting...70 cents here it goes....

He has been paid RM500,000 cash to cheat retail investors here into buying high from insiders and EPF, then selling low for them to make profit at the expense of retail investors. Typical money game.

Exactly, bad financial report. EPF has insider connections. They all know the financial reports already except retail investors here. Don't buy now. Buy later.

70 cents coming in. No hurry

Waiting at 70 cents. No rush to buy because insiders are selling like mad. Insiders all know the financial report, followed by fund managers. Retail investors are the last to know as usual...also the one always lose money.

Run run run,70 cents coming.

All the things mentioned are already priced into current share price. It will be a shocking news if last quarter it is still in red. This is why it's share price cannot move right now because insiders are selling fast whereas retail investors are buying up madly. Judging from its share price, most likely it will drop after announcement.

Evidence has shown that the volume yesterday was selling volume by fund managers to retail investors. Today suddenly volume drops down to low volume.

Hugh resistance 0.78, all news on Kraken has been priced in. By now insiders are selling because they know financial results.

Going down to 70 cents

Going down to 70 cents

The foreign punters are selling out to take profit in a systematic manner

Punters finished buying 0.77 selling 78 cents, now repeat same process. Retail investors are trapped at 79-82 cents.

The bottom is where those punters fund managers start accumulating. They sold off RM60million Armada shares at 80-82 cents to retail investors. Now waiting to accumulate back 85-86 cents.

Going back down to 75 cents. Retail investors are trapped at 80 cents to 82 cents successfully

Foreign investors are selling and cashing out. Look at Ringgit trend.

Punters not collecting enough. They want you to sell your Armada to them first.

Punters do not want it to close at 80 cents. Great selling pressure at 79-80 cents.

EPF lost a lot of money in this counter. Bought at 2.00, sold down until 50 cents. Now continuing selling at a loss.

Target RM1.40. Next year RM2.00

It does look bullish, heading to 80 cents. Broad market is also firm. Foreign punters are already in. It will swing up wildly first, then swing down wildly too.

Too early for it to fly. Prequalification does not guarantee business. Now not event prequalified yet. Now it is more of foreign punters entering our market now. Hold tight for wild ride.

India’s state-controlled Oil & Natural Gas Corporation (ONGC) is set to launch pre-qualification this month for the large floating production, storage and offloading vessel it plans to install at its $5 billion-plus KG-DWN-98/2 deep-water development off the country’s east coast.

Several sources close to the FPSO tender process told Upstream that ONGC is expected to launch the much-delayed pre-qualification process within a week or two and suggested that at least five to six leading FPSO contractors are likely to respond.

“We are hoping that pre-qualification (for the FPSO) will start soon, followed by a limited tender that will be issued to select contenders,” a source from one of the interested FPSO contractors said.

ONGC was originally expected to start the tender process for the FPSO last year, but the process was delayed by more than six months.

However, industry sources suggested that ONGC’s high-level executive purchase committee (EPC) recently gave the go-ahead for the project, paving the way for the pre-qualification to get under way.

Those likely to show interest include a grouping of Malaysia’s Bumi Armada with India’s Shapoorji Pallonji group, SBM Offshore of the Netherlands along with India’s Sun Oil & Gas, and Japan’s Modec.

Malaysia’s Yinson Holdings, MISC and M3nergy are also expected to show interest, either alone or in a consortium with other players, industry sources added.

One source suggested that MISC and M3nergy could tie-up together, but this could not be confirmed.

BW Offshore of Norway also attended an expression of interest meeting organised by ONGC last year, but it is not clear if it will participate, said sources.

ONGC — headed by managing director Dinesh Kumar Sarraf — is expected to shortlist three to four key FPSO contractors after the pre-qualification process and aims to award the contract as soon as the middle of this year, sources said.

ONGC is looking for a unit capable of handling 90,000 barrels per day of oil and 135 million cubic feet per day of gas. The vessel should also have water injection capacity of 58,800 bpd of water. The FPSO is expected to have a storage capacity of 1.3 million barrels of oil and will be based on a very large crude carrier (VLCC) hull, sources said.

Sources have suggested that the mooring system is likely to be technically challenging, because the floater will be operating in environmentally harsh conditions in 413 metres of water.

The FPSO topsides will also have to withstand the potentially strong winds experienced at the field location.

ONGC is offering a fixed lease term of nine years, along with an option to extend that by a further six years.

It is targeting an FPSO with a design life of at least 20 years, and is thought to be in the market for either a conversion or relocation of an existing vessel.

ONGC will only pre-qualify contractors that have completed at least one FPSO project during the last 10 years, involving mooring and vessel installation in a water depth of at least 400 metres.

First gas from KG-DWN-98/2’s Cluster-2 development is targeted for June 2019, with oil planned to flow in 2020.

Industry sources have termed the completion schedule for the deep-water development as “quite aggressive”, but said ONGC is unlikely to further extend the project’s completion date.

Other major contracts related to ONGC’s KG-DWN-98/2 development, including a huge integrated package for subsea production systems and subsea umbilicals, risers and flowlines, and a separate package for a giant processing platform are also expected to be awarded by the middle of this year.

Those fund managers and punters just bought up 70-73cents. Now waiting for retail investors to buy at 73.5 cents above to cash out.

One day show. Time to sell and take profit.

Look like those fund managers are trying hard to sell their holdings to retail investors at 0.70. Once they finish selling, it will crash down hard to 65 cents, then 60 cents.

Retail investors competing with fund managers and insiders? Retail investors always left carrying the “bags". Guessing guessing and guessing, this is what sharemarket is about for retail investors whereas fund managers pay insiders for information and insiders do insider trading without being caught.

One day show 100% confirmed. Another group of retail investors kena trapped at 0.75-0.79.

One day show confirmed. More retail investors are trapped at 0.75 to 0.79.

One day show. Tomorrow it will become cheaper. Many retail investors are trapped at 0.75-0.79. Nobody want to buy expensive except retail investors.