OTHERS PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") -LETTER OF AWARD FOR THE PROVISION OF THE JACK-UP DRILLING RIG PERISAI PACIFIC 101 ("PP101") FOR PETRONAS CARIGALI SDN BHD ("PCSB") - EXECUTION OF SUPPLEMENTARY CONTRACT NO. 1 ("SUPPLEMENTARY CONTRACT")
PERISAI PETROLEUM TEKNOLOGI BHD
Type Announcement Subject OTHERS Description PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY")
-LETTER OF AWARD FOR THE PROVISION OF THE JACK-UP DRILLING RIG PERISAI PACIFIC 101 ("PP101") FOR PETRONAS CARIGALI SDN BHD ("PCSB") - EXECUTION OF SUPPLEMENTARY CONTRACT NO. 1 ("SUPPLEMENTARY CONTRACT") Reference is made to our announcements of 8 May 2014, 12 May 2014, 2 October 2015, 28 July 2016 and 29 July 2016 (the “Announcements”) pertaining to the provision of the jack-up drilling rig PP101 for PCSB. Unless defined herein, all italicized and capitalized terms used here shall bear the same meaning as ascribed to the same in the Announcements.
The Company wishes to announce that its 51% subsidiary, Perisai Offshore Sdn Bhd (“Perisai Offshore”) had on 22 June 2017 executed the Supplementary Contract in respect to the Award of Contract No.CHO/2013/DDR/0079 (the “Contract”).
Please refer to the attachment for further details of the announcement.
Be patiant, most are on holiday, wednesday the perisai share will open 0.06 or above..this is a very good news, two years of positive income for Perisai, hope the other two rigs 102 and 103 will come on stream in august this year and will contibute positivally to perisai earning..
Perisai own another two drilling jack up which will be delivered this august, the last two years, there was not enough drilling activities, so i guess now there should be more drilling contract issued to perisai.. hope soon..
Many share holder willvtry to buy more to average the recent fall of perisai share, so i guess now with the current good news the share should climb up. I will buy more to average .. my tp still 0.12..
Indeed, the open position is a proof that perisai drilling jackups already secure a projects,, something brewing ... good news to all. Buy at opening bell, sure will go up on wednesday..
KUALA LUMPUR (June 28): Perisai Petroleum Teknologi Bhd shares jumped 11.11% this morning after its 51%-owned subsidiary Perisai Offshore Sdn Bhd has executed a contract that gives it about 20 months more to provide the service of its jack-up drilling rig PP101 to Petronas Carigali Sdn Bhd.
At 9.18am, Perisai added 0.5 sen to 5 sen with 1.48 million shares traded.
The supplementary contract will extend the duration of PP101's service on a formula to be agreed on between the parties, dependent on the prevailing market rate for the daily charter, Perisai said.
The original contract for the provision of the rig's service to Petronas Carigali for a three-year period had been secured on May 8, 2014.
Better to have a slow counter to catch up,, now is good to buy befor afternoon session start,, will see movement today at arround 15:30...top up as you can or buy if you dont have share yet,,
Reference is made to our announcements of 8 May 2014, 12 May 2014, 2 October 2015, 28 July 2016, 29 July 2016 and 23 June 2017 respectively (the “Announcements”) pertaining to the provision of the jack-up drilling rig PP101 for PCSB. Unless defined herein, all italicized and capitalized terms used here shall bear the same meaning as ascribed to the same in the Announcements.
We would like to announce the following additional information as follows:-
(a) The value of the extended contract pertaining to the Supplementary Contract announced to Bursa Malaysia Securities Berhad on 23 June 2017 is approximately USD 47 million.
This new contract is a gold mine, and it will not be effected by faling oil price at all. This is pure leasing revenue.. hope the other two rigs will get same contract soon.
Just to share this posted 2 june 2017 Perisai Petroleum Teknologi Bhd has secured the agreement with PPL Shipyard Pte Ltd to defer the delivery of two jack-up rigs, Perisai Pacific 102 and Perisai Pacific 103. PPL had agreed to extend the delivery date for both rigs to 31st August this year, in view of the slump in the upstream oil and gas sector. Both parties have also agreed to seek and evaluate any options that may arise during the deferment period. (The Edge Daily)
Oil price up by almost 2.6%.. now brent stand at 48.96 usd.. this will lead to more drilling contract for Perisai,,, the futur of oil and gas company look very good now, opportunity to start buying as share value is very low now,, buy, buy, buy...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ravz
111 posts
Posted by ravz > 2017-06-15 10:44 | Report Abuse
i dont see 0.20 coming..i only see 0.02 coming