kebling98 Coming report, eye on derivatives yah If the deriviatives loss had turn around lei meaning forwards, hengheng will start enjoying derivatives gains loh
After petron results out , petron will move to 5 Hengheng will follow a bit and if hengheng result is good good one Hengheng fly back to 4.2-4.6
If tapis price keep at this low level lah than in Year end , petron and hengheng maybe back to 6 -7 loh
Hehe , above is my sifu sifu say one at dinner yah not me yah Kebling lose many money in hengheng last year. Waiting to buy back hengheng to take my money back lah
Cauca panas Need money pay TNB bills lah
Already bought petron / Hengyuan high risk high gain
This CyrusQ is a crazy guy? Wah Seong never go lower than 0.40. This company doing international projects. Haiyah do some research please don't just post rubbish here.
Revenue contribution from key projects in Q1 are not significant yet. We are expecting higher revenue contribution from key projects in next quarters.
Example the East African Crude Oil Pipeline (EACOP) project 20% are facility construction and pipeline coating 80%. Revenue recognized from facility construction only up to 50% since last quarter which is about 10% of total project value. 90% of project value will be recognized from next quater until 1st quarter of 2025.
Contribution of Yinson`s Agogo FPSO also insignificant in Q1, 2023. More contribution in next quarter onward.
New project to be announced are Qatar Energy pipeline project extension or phase 2. Expected another FPSO related construction project in 2nd half this year.
Bahrain’s Tatweer Petroleum is expected to award the engineering, procurement and construction (EPC) contract for its Bahrain Oil Field Associated Gas Compression Stations Project Phase 7 in the second quarter of 2023, a source close to the project told Zawya Projects.
The upstream oil and gas company is undertaking a field development project to increase oil and associated gas production in its Bahrain Oil Field.
The tender for the EPC contract was issued on 21 November 2022 with bid submission deadline of 5 February, according to the Bahrain Tender Board.
The source said the technical bids were opened on 6 February 2023.
“Bid evaluation is ongoing. All six bidders’ documents were accepted, and the award is expected in May 2023,” the source said.
The bidders include Enerflex Middle East, Jereh Oil & Gas Engineering Corporation, Wasco Engineering International, Woodlands Energy Services Company, Petrofac International Bahrain, and TDE Overseas.
The project, with an estimated value of $200 million, is expected to be completed by the fourth quarter of 2025, the source said.
The scope of work, according to Tender Board, incudes design, procurement, fabrication, installation, testing, pre-commissioning, commissioning, and start-up of three compression stations CS12, CS13, & CS14 to increase the Bahrain Field’s total compression capacity and for enhanced oil recovery purposes.
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....
Davidl
1,816 posts
Posted by Davidl > 2023-05-22 11:12 | Report Abuse
Once blockage@0.90 has been cleared, next target 1.10