Posted by limkokthye > 2018-01-08 20:12 | Report Abuse

buy at morning :( down at evening

Posted by luckyman > 2018-01-08 21:19 | Report Abuse

This is the reason why Scomi Group wanted to makan or merge with Scomies earlier

http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=13392

Posted by Bennychua > 2018-01-08 21:25 | Report Abuse

Tomorrow up or down ?Let's predict

Posted by limkokthye > 2018-01-08 21:51 | Report Abuse

old story

Posted by limkokthye > 2018-01-08 21:51 | Report Abuse

sure down, profit taking

Posted by Rusli Widad > 2018-01-08 22:52 | Report Abuse

SCOMIES has been trading above its upward sloping 20-Day Moving Averange which is a good sign. In addition, there is a technical level at 0.155 which may support any short-term retracement. RSI is also showing an overbought condition which may indicate some retracement may take place especially if the support level of 0.155 is broken.

Posted by limkokthye > 2018-01-09 11:27 | Report Abuse

get conned, 1 day show only

Posted by BIGAPETITE > 2018-01-09 12:59 | Report Abuse

let's do some calculation:
ophir oilfield production of oil on average 8 million barrel per annum and given market price of USD68 /barrel

estimated realized revenue : 8,000,000@USD68/barrel=USD544,000,000.00

scomi energy have 30% stake in ophir which translates into USD544 million @ 30% = USD163 Million @ exchange rate rm4.00/usd a whopping RM652,000,000.00 in revenue

Posted by powerak > 2018-01-09 14:22 | Report Abuse

Goid

Posted by powerak > 2018-01-09 14:22 | Report Abuse

*Good

Posted by limkokthye > 2018-01-09 14:50 | Report Abuse

scomies zzzzzzzzzzzzzzzzzzzzzz

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

scomies what r u doing?

Posted by kokchengkai > 2018-01-09 16:41 | Report Abuse

his member hibicus still up like no tomoro

Posted by limkokthye > 2018-01-09 18:52 | Report Abuse

scomies 1 day show niaa,

Posted by greenback > 2018-01-09 20:35 | Report Abuse

scomies been very passive these couple of days.. wonder why...

Posted by freeman > 2018-01-09 21:42 | Report Abuse

Accumulate scomies while still cheap

Posted by limkokthye > 2018-01-09 22:44 | Report Abuse

scomies now not cheap

Posted by limkokthye > 2018-01-09 22:53 | Report Abuse

i hope lembaga tabung haji keep buying this stock

Posted by freeman > 2018-01-10 07:59 | Report Abuse

it will be more expensive in the coming definitely
revenue from ophir will ensure a positive p&l..

Posted by limkokthye > 2018-01-10 08:28 | Report Abuse

brent oil 70 in coming :)

Posted by greenback > 2018-01-10 10:12 | Report Abuse

brent is up already but scomies is still in deep slumber.. -_-

Posted by freeman > 2018-01-10 11:10 | Report Abuse

because RSI showing a high figure, maybe people reluctant to go in and .155 is an established support

Posted by JaJa7777 > 2018-01-10 13:44 | Report Abuse

BIGAPETITE let's do some calculation:
ophir oilfield production of oil on average 8 million barrel per annum and given market price of USD68 /barrel

estimated realized revenue : 8,000,000@USD68/barrel=USD544,000,000.00

scomi energy have 30% stake in ophir which translates into USD544 million @ 30% = USD163 Million @ exchange rate rm4.00/usd a whopping RM652,000,000.00 in revenue

Now deduct.....
Cost of recovery, operating costs, tax, storage and transport
Then deduct.....
ES operating cost, overheads, loans, taxes etc etc etc all that good stuff that shows in the Qty reports as massive losses.

Then i believe that Scomi still have a 65% stake in ES???? so they will want a cut of the bottom line if there is anything left..

There will be a ramping up period in production so pretty sure there will not be an 8 million barrel per annum to begin with.
Revenue comes after the operating period not before.
The money isnt in the bank yet........

Posted by JaJa7777 > 2018-01-10 14:18 | Report Abuse

Just to add to that.... the current max production is estimated at 5 million barrel per annum
The FPSO has a max 15,000 barrels of fluid per day = 5.4 million barrel per annum if it were to operate at max capacity 365 days a year....
So everything is currently shut down via electrical issues and not started back up production yet.
So lets give a best guess of production cap being on the high side of 4.5 million barrel per annum

Posted by limkokthye > 2018-01-10 16:02 | Report Abuse

scomies down wtf

Posted by limkokthye > 2018-01-10 16:43 | Report Abuse

cb stock

Posted by greenback > 2018-01-10 16:58 | Report Abuse

seems like no hope for scomies.. sleep for days only to wake up red

Posted by Bennychua > 2018-01-10 18:12 | Report Abuse

Volume is Coming for these few days ..Will not easy to go down d ..Should be something coming soon...Big leg will not simply go in without any reason...Hope I am right

Posted by limkokthye > 2018-01-10 18:42 | Report Abuse

oil 70usd, scomies no power

Posted by Rusli Widad > 2018-01-10 22:30 | Report Abuse

SCOMIES has been trading above its upward sloping 20-Day Moving Averange which is a good sign. Furhermore, the next resistance level is quite far at 0.175.

Posted by greenback > 2018-01-11 09:15 | Report Abuse

guess it's time for me to let go of scomies.. better use the fund at other counters

Posted by limkokthye > 2018-01-11 09:32 | Report Abuse

cb stock

Posted by Stockhunter85 > 2018-01-11 09:50 | Report Abuse

https://www.offshoreenergytoday.com/octanex-first-oil-flows-at-ophir-field-malaysia/
https://www.thestar.com.my/business/business-news/2017/01/12/rsc-lease-of-life/
https://www.brecorder.com/2017/11/02/378162/asia-pacific-crude-petronas-sells-new-grade-ophir-light/


Malaysia’s Petronas sells new crude Ophir Light for loading in Dec -sources Thursday, 02 November 2017 | 16:00 Malaysia’s Petronas sells new crude Ophir Light for loading in Dec -sources
Malaysia’s Petronas has sold the first ever cargo of Ophir Light crude for loading in December to a trading company, three trade sources said.

The 200,000-barrel cargo will load over Dec. 8 to 14 and was sold via a tender, the sources said.

With a production of about 6,000 barrels per day, the crude has an API gravity of 46 to 47 degrees and a sulphur content of about 0.07 percent, they said.

The Ophir field, located offshore Terengganu, Malaysia, northeast of peninsular Malaysia, is developed by Ophir Production Sdn Bhd (OPSB) under a Risk Service Contract, according to Octanex’s website. Octanex owns 50 percent of OPSB.

OPSB is the service provider and operator of the Ophir field while Petronas owns the resource, Octanex said.

Petronas could not be immediately reached for comment.
Source: Reuters (Reporting by Florence Tan; Editing by Christian Schmollinger)


Stay tune

Posted by greenback > 2018-01-11 09:53 | Report Abuse

@Stockhunter stay tune for how long.. been awhile since we heard the news but it doesn't reflect on this counter

Posted by Bennychua > 2018-01-11 15:08 | Report Abuse

ThaNks for ur news hunter ,hope recovering soon

Posted by Stockhunter85 > 2018-01-11 16:25 | Report Abuse

The revenue should be reflected in fy18q1 or q2. The power of shooting up should be scary

Posted by Bennychua > 2018-01-11 17:11 | Report Abuse

Woo..This store and scomi which ones good ?

Posted by Stockhunter85 > 2018-01-11 22:13 | Report Abuse

i guess scomies refused to merge with scomi group as they know this counter price going rocket up soon once ophir revenue come in

Posted by luckyman > 2018-01-11 22:33 | Report Abuse

"Our 7-year Ophir Risk Sharing Contract (“RSC”) was a major
operational highlight during FY2017. The Ophir project is a seven-year
RSC contract secured in 2014 with consortium partners and is
located off Kerteh, Terengganu, Malaysia.

SESB managed to bring down operating costs which has allowed Ophir to remain viable in
the present scenario."


The above comment was made in its 2017 Annual Report (page 16) issued in July 2017 when Brent Oil price was much lower. So, RSC should be very profitable when Brent Oil trades at US$60 per barrel and above.

https://www.thestar.com.my/business/business-news/2017/01/12/rsc-lease-of-life/

Posted by Stockhunter85 > 2018-01-11 22:39 | Report Abuse

Assuming an average of US$50 per barrel, the Ophir oilfield’s revenue should hit US$400mil per annum.
Read more at https://www.thestar.com.my/business/business-news/2017/01/12/rsc-lease-of-life/#bYv0oDyBHr0R1oof.99

Posted by Bennychua > 2018-01-11 23:09 | Report Abuse

Oic.thanls hunter

Posted by powerak > 2018-01-11 23:13 | Report Abuse

Good...Can buy more

Posted by limkokthye > 2018-01-12 10:49 | Report Abuse

old story

Posted by mikeann > 2018-01-13 19:11 | Report Abuse

Stock grossly oversold. Rebound imminent.

Posted by longvalley > 2018-01-14 07:59 | Report Abuse

Monday buy .........
masuk karung lampu aladin 2018......
hib........scomi......sumatec.........on the GO...

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

Scomies sdg giat dlm pengeluaran minyak dlapangan ophir........!!

Posted by limkokthye > 2018-01-14 11:00 | Report Abuse

all in

Posted by longvalley > 2018-01-14 14:25 | Report Abuse

Fren ....its cost prdc around $ 10 to $20.........??!!

Posted by WinOng > 2018-01-14 17:18 | Report Abuse

Hope tomorrow up up

Posted by Kok Wai > 2018-01-14 23:18 | Report Abuse

gg