Posted by marcoz > 2018-01-14 16:09 | Report Abuse

any news on pn17?

Posted by juzaguy > 2018-01-14 21:32 | Report Abuse

Any insider news guys? Do share...

Posted by lextcs > 2018-01-15 09:22 | Report Abuse

watch perisai go in the coming days ahead.....ini kali lah

Posted by lextcs > 2018-01-15 09:42 | Report Abuse

perhaps the most unvalued cheapies O&G in bursa now

Posted by lextcs > 2018-01-15 09:44 | Report Abuse

their net loss only 300mil ringgit...sell one oil rig still have plenty of loose change to goreng share price

Posted by lextcs > 2018-01-15 09:52 | Report Abuse

last call....buy keep

Posted by chpu2001 > 2018-01-15 10:08 | Report Abuse

buy call now is 0.055 buy it now before too late

Posted by chpu2001 > 2018-01-15 10:09 | Report Abuse

i just bought 500 lots

Posted by GreatWarrants > 2018-01-15 12:27 | Report Abuse

Good, Add another 100000 lots to push till 10sen hahah

Posted by juzaguy > 2018-01-15 13:13 | Report Abuse

why all so confident to this counter suddenly?

Posted by KgNew > 2018-01-15 13:38 | Report Abuse

Anybody any idea who the buyers?
Thks

Posted by juzaguy > 2018-01-15 16:39 | Report Abuse

Sumatec flying already... when is Perisai...??

Posted by adi85 > 2018-01-15 17:39 | Report Abuse

tomorrow will fly..

Posted by Fortune888 > 2018-01-15 19:52 | Report Abuse

Fly into heaven .rip.

Posted by jay_cwk88 > 2018-01-15 19:56 | Report Abuse

Tomorrow 0.10 100% gain

Posted by Fortune888 > 2018-01-15 21:17 | Report Abuse

The day after tomorrow 0.00

Posted by ravz > 2018-01-15 22:07 | Report Abuse

http://www.theedgemarkets.com/article/perisai-now-demands-emas-offshore-sell-stake-subsidiary-us1

Posted by Burdoc > 2018-01-15 22:13 | Report Abuse

Mean what ah? Bad or good?

Posted by birkincollector > 2018-01-15 22:17 | Report Abuse

KUALA LUMPUR (Jan 15): Perisai Petroleum Teknologi Bhd, which is in a dispute with Emas Offshore Ltd (EOL), is now demanding that EOL sells its 49% stake in Emas Victoria (L) Bhd to Perisai for US$1.

This, said Perisai, is because EOL's restructuring exercise in 2017 allowed Perisai to terminate a 2013 shareholders agreement between the two parties.

In a filing with Bursa Malaysia, Perisai said its wholly-owned unit Perisai Production Holdings Sdn Bhd today served a notice to Emas Victoria on the termination event, namely EOL's restructuring plan announced in August 2017.

"EOL entered into a binding term sheet with certain potential investors as part of the financial restructuring of EOL and its subsidiaries.

"In connection with the restructuring, EOL voluntarily applied to the High Court under Section 211B(1) of the Companies Act," said Perisai.

The group said EOL's ongoing efforts to restructure its debts coupled with its application under the Companies Act showed that EOL had resolved to enter into a scheme of arrangement or compromise for the benefit of its creditors.

This, it added, amounted to an event of default under the Emas Victoria shareholders agreement.

Following on, Perisai said EOL is required to sell the 37.33 million shares (49% stake) it owns in Emas Victoria to Perisai Production Holdings within 30 days from Feb 14, 2018 at US$1.

On Dec 26, 2013, Perisai and EOL inked a shareholders agreement whereby Perisai acquired a 51% stake in Emas Victoria from EOL for US$89.25 million while EOL bought a 49% stake in SJR Marine from Perisai for US$37 million.

EOL terminated the agreement on Dec 8, 2016 after Perisai wanted to exercise a put option to sell its remaining 51% stake in SJR Marine to EOL for US$43.03 million.

On Dec 23, 2016, the two parties inked a settlement agreement, mutually agreeing for EOL to undertake the acquisition via US$20 million cash and the balance US$23.03 million in deferred payments.

On Sept 27, 2017, EOL said Perisai is obliged to complete the sale of its 51% equity interest in SJR Marine at US$1 following the lapsing of the 2016 settlement agreement.

EOL claimed that Perisai is required to comply with the 2013 agreement — which Perisai said was no longer effective following the termination by EOL — due to the lapsing of the 2016 settlement agreement.

Posted by stockstrader88 > 2018-01-15 22:23 | Report Abuse

Forget about those arbitrary news to trap retail investors. There are still a lot of uncertainties and the company could only be revived if all of these go through:
1) A white knight to acquire stake of Perisai from Ezra and Emas - Could it be Subsea 7?
2) Scheme of arrangement of Perisai with creditors is successful
3) Injection of fund to carry on potential project - Could be FPSO project with Shell Sabah?
The company is in a bad shape right now. But if the deal goes through, then Perisai can easily bounce back to 40 cents. Otherwise, you name the consequence.

Posted by birkincollector > 2018-01-15 22:56 | Report Abuse

based on the price movement today...seems like insiders and sharks see it as good news to goreng

Posted by marcoz > 2018-01-15 23:00 | Report Abuse

goreng like sumatec for sure

Posted by jay_cwk88 > 2018-01-16 00:29 | Report Abuse

Will going up

Posted by marcoz > 2018-01-16 00:41 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5664801

Posted by KgNew > 2018-01-16 06:43 | Report Abuse

Birkincollector & stocktraders88.
thks for the helpful analysis

Posted by lextcs > 2018-01-16 08:53 | Report Abuse

someone in the high places is eyeing perisai's valuable jackup oil rigs...macam felda jalan semarak land lah...suddenly can end up in other ppl hands at no cost.....

Posted by arman70 > 2018-01-16 09:14 | Report Abuse

:-)

Posted by arman70 > 2018-01-16 09:15 | Report Abuse

definitely not selling mine at any time soon

Posted by juzaguy > 2018-01-16 09:18 | Report Abuse

Wow....

Posted by lextcs > 2018-01-16 09:24 | Report Abuse

buy keep

Posted by juzaguy > 2018-01-16 09:24 | Report Abuse

I will hold tight, high risk high return....

Posted by marcoz > 2018-01-16 09:24 | Report Abuse

hahahahaha nice

Posted by sengkee > 2018-01-16 09:25 | Report Abuse

Already surged 50% in less than 30 minutes

Posted by arman70 > 2018-01-16 09:34 | Report Abuse

later 1 guy will come here and say don't go into the trap.

Posted by Beautiful Cloud > 2018-01-16 09:43 | Report Abuse

drop bck... trapped again

Posted by juzaguy > 2018-01-16 09:44 | Report Abuse

LOL... hopefully not 1 day show

Posted by Bratt > 2018-01-16 09:51 | Report Abuse

Perisai in nego with a lot of parties. Expecting to have a way out soon. Not just a way out but a super big boost. Keep fingers crossed.

Posted by jt888 > 2018-01-16 10:06 | Report Abuse

With oil prices on the rise , they shld be able to formulate a good plan with many possibilities to revive their biz. Also, how can the gomen allow another bumi co to go down with election coming so close now ....

Posted by chpu2001 > 2018-01-16 10:26 | Report Abuse

perisai fly............

Posted by chpu2001 > 2018-01-16 10:26 | Report Abuse

this is goreng and gambling time buy big win big

Posted by chpu2001 > 2018-01-16 10:27 | Report Abuse

salt fish turn over ............................wow

Posted by Beautiful Cloud > 2018-01-16 10:36 | Report Abuse

hvn hit 0.08.. hw u bought at tat price through open market... lol

Posted by illuminati3 > 2018-01-16 10:38 | Report Abuse

Will close gap at 0.115

Posted by chpu2001 > 2018-01-16 10:40 | Report Abuse

typo error should be 0.06

Posted by chpu2001 > 2018-01-16 10:40 | Report Abuse

My TP also 0.115

Posted by illuminati3 > 2018-01-16 10:48 | Report Abuse

When it was trading at 0.115 price of crude oil was at $50 now at $64 Perisai shld be ard 0.115

Posted by illuminati3 > 2018-01-16 10:49 | Report Abuse

Sumatec reach that price already

Posted by Shines > 2018-01-16 11:49 | Report Abuse

Fortune88 how are u and any comments on the cost of eggs increased? Because CNY?

Posted by illuminati3 > 2018-01-16 11:59 | Report Abuse

Crude oil price shld hit $70 this week

Posted by aminsmabi88 > 2018-01-16 12:02 | Report Abuse

Wow....
Good