Posted by longvalley > 2018-04-18 23:12 | Report Abuse

Octanex price also during.....!

Posted by longvalley > 2018-04-18 23:12 | Report Abuse

Diving

Posted by freeman > 2018-04-19 08:50 | Report Abuse

Oil jump to 73..
Unfortunately scomies bog down with production issue
Hoping for the good news as soon as possible

Posted by 7045 > 2018-04-19 10:42 | Report Abuse

It's been three months since they halted the production, don't know how long is this still gonna take

Posted by jordanmaggie61 > 2018-04-19 12:13 | Report Abuse

ok ok

Posted by Astotti > 2018-04-19 18:07 | Report Abuse

Brent oil hit $74, this Scomies still not wake up? okok, i come back next time

Posted by OMR@obm_4558 > 2018-04-22 12:04 | Report Abuse

The Board of Directors of SESB wishes to announce that SVPL, being an indirect subsidiary of SESB, has been voluntarily wound up with effect from 1 October 2017. The grounds for winding up is SVPL has been dormant since operation and the Letter of Winding Up was issued by Labuan Financial Services Authority and the confirmation of which was received by SESB on 11 April 2018.

SVPL is not a major subsidiary of SESB and has been dormant since incorporation. The total cost of investment of SVPL is USD100. The winding up of SVPL is part of the exercise to streamline SESB’s Group organisation structure and does not have any financial and operational impact on the net assets and earnings of SESB for the financial year ended 31 March 2018, other than the liquidation expenses.

None of the directors and/or major shareholders of SESB and/or persons connected with them have any interest, direct or indirect, in the winding up.

The Board of Directors of SESB, having taken into consideration all aspects of the liquidation, is of the opinion that the liquidation is in the best interest of SESB.

This announcement is dated 12 April 2018.

Posted by JaJa7777 > 2018-04-26 14:50 | Report Abuse

More doom and gloom....

https://www.offshoreenergytoday.com/octanex-in-talks-to-exit-ophir-field/

Posted by nippy65 > 2018-04-26 21:55 | Report Abuse

JaJa, Octanex in talks to exit Ophir is for sure spell disaster for Scomi. If Octanex can be compensated, can Scomi bailout themselves wiih compensation too ?

Posted by somersby > 2018-04-27 08:41 | Report Abuse

stuck at 18sen wtf 50% paper loss

Posted by Ekkram > 2018-04-27 08:46 | Report Abuse

Bro,
50% paper loss but at current price require 100% increase bro, can it do that maybe take awhile..

Posted by djibaok > 2018-04-30 20:53 | Report Abuse

ini kedai bila mao tutup boss?

Posted by freeman > 2018-05-02 09:04 | Report Abuse

hope petronas will awards another RSC :)

Posted by luckyman > 2018-05-06 11:05 | Report Abuse

"OPSB has written to Petronas requesting termination of the Ophir RSC, which would result in Petronas, as the owner of the field, assuming responsibility for the field, accepting novation of contracts and reimbursement of capital and operating costs not previously reimbursed via proceeds of petroleum sales."

In other words, Scomies should be compensated accordingly as it holds a 30% stake in OPSB.

Posted by somersby > 2018-05-16 08:58 | Report Abuse

scomies got pakatan harapan insiders or not???

Posted by davidkkw79 > 2018-05-18 20:05 | Report Abuse

No... scomi group is BN punya org

Posted by somersby > 2018-05-24 23:30 | Report Abuse

Oil up

Posted by freddiehero > 2018-05-25 06:52 | Report Abuse

hehe.. still can get project?

Posted by freddiehero > 2018-05-25 06:53 | Report Abuse

better look for other country project.. ph now need save money.

Posted by i_investor > 2018-05-25 09:01 | Report Abuse

OPSB funded the Ophir development via syndicated term loan facilities (Project Financing Facilities) comprised of 75% of the capital expenditure and 75% of the first three quarters of operating expenditure, with the balance of expenditure funded by OPSB’s shareholders in proportion to their equity interest (50% in Octanex’s case). Octanex’s US$12 Million Convertible Note facility (presently drawn to US$8Million) with Sabah International Petroleum (SIP) was structured for this purpose. SIP is wholly owned by Sabah Development Bank Berhad. itself wholly owned by the Ministry of Finance of the Malaysian state of Sabah. Advances made by Octanex and other shareholders to OPSB are subordinated to OPSB’s Project Financing Facilities, as a result of which payments from OPSB to Octanex can only follow repayment of the project finance.
Octanex will be required to redeem the SIP Convertible Note facility from the proceeds of payments received from OPSB, unless SIP elects to convert the Convertible Notes into Octanex shares (the facility is comprised of three equal tranches of convertible notes with conversion prices of $0.15, $0.20 and $0.25).

Posted by longvalley > 2018-05-27 22:44 | Report Abuse

Just waiting 0.06$.?????...!!!!!!

Posted by JaJa7777 > 2018-05-30 13:32 | Report Abuse

With Q4 results out shortly i can see this plummeting trend continuing.......

Posted by freeman > 2018-05-30 15:41 | Report Abuse

demmm... look somebody is pressing

Posted by freeman > 2018-05-31 10:06 | Report Abuse

so cheap now.. do u think scomies at the same level as sumatec or perisai?
at .075 can easily double to .15

Posted by freddiehero > 2018-05-31 10:29 | Report Abuse

oil maintain sell price usd 55-60

Posted by davidkkw79 > 2018-05-31 17:38 | Report Abuse

Super Holland ! http://www.bursamalaysia.com/market/listed-companies/company-announcements/5810449

Posted by BIGAPETITE > 2018-06-01 12:37 | Report Abuse

do sc & bursa suspects discrepancies in the quarterly results released even though not audited yet?

Posted by Moneymore > 2018-06-03 10:55 | Report Abuse

So far only Dialog, Bumi, Yinson and Hibiscus are gerating good profit when oil price up. Dialog is sure win with Pengerang, Hibiscus the only real oil producer, the rest of are service companies rely on oil company for job: barakah, Uzma, Perisai, Icon, Alam, UMW, Petra, Carimin, Scomi, T7, many more all are in deep trouble, so the choice is easy, don't buy on what people told you, do you own calculation. Also stay away from oil companies associated with Khazakstan like Sumatec and Reach, too much fishy. Best bet in this oil cycle up will be Hibiscus, next Dialog, then Yinson and Bumi.

Posted by BIGAPETITE > 2018-06-04 10:50 | Report Abuse

let's check which auditor audits this time? make them accountable if endorsed audited reports without comprehensive submission to sc & bursa

Posted by Spyron_09 > 2018-06-08 09:26 | Report Abuse

now is time for scomies~

Posted by Spyron_09 > 2018-06-08 17:28 | Report Abuse

goodluck.
closing at price 0.095..
wait for next monday...

Posted by snwong13 > 2018-06-23 09:31 | Report Abuse

.
Oil prices rallied Friday, with U.S. prices jumping nearly 6% for the week, as OPEC members agreed to raise output, but by an amount that appears to be less than traders had anticipated.

https://www.marketwatch.com/story/oil-prices-climb-amid-signs-of-strain-ahead-of-opec-meeting-2018-06-22

Posted by somersby > 2018-06-25 18:01 | Report Abuse

Everyday drop

Posted by BIGAPETITE > 2018-06-26 11:07 | Report Abuse

where is the corporate governance?

Posted by BIGAPETITE > 2018-06-26 15:16 | Report Abuse

IS KPMG OR DELOITTE MALAYSIA THE COMPANY AUDITOR ALL THESE YEAR, NOW THAT KPMG HAS ANNOUNCED THAT ITS ENDORSEMENT FOR THE 1 MDB AUDITED REPORT PAST YEARS WERE INACCURATE SAME GOES TO DELOITTE LATER IT WILL ANNOUCES SIMILAR DECISION

Posted by luckyman > 2018-06-29 19:52 | Report Abuse

Scomi Energy said it has submitted a letter to Petroliam Nasional Bhd, or Petronas, to terminate the risk sharing contract for the Ophir oilfield, which was not able to restore production of the wells.

"Subject to Petronas' consent, as owner of the field, Ophir will hand over the operations, novate all existing contracts and secure the imbursement of capital and operating expenditure for the development."

Posted by mylinuxbsd > 2018-07-04 07:02 | Report Abuse

what if this is not acceptable by Petronas. Scomies will be making huge losses

Posted by longvalley > 2018-07-07 09:14 | Report Abuse

........close shop n join scomi.......
That the way........
Aha aha aha............!????

Posted by freddiehero > 2018-07-07 10:13 | Report Abuse

oledi merge to scomi. but don want aih..

Posted by freddiehero > 2018-07-07 10:14 | Report Abuse

now 2 off 1. how become good team?

Posted by somersby > 2018-07-20 19:41 | Report Abuse

every q also loss, wtf

Posted by BIGAPETITE > 2018-08-02 15:00 | Report Abuse

OCTANEX EXPECTS REIMBURSEMENT OF COSTS OF OPHIR OILFIELD BY PETRONAS WITHIN 12 MONTH FROM DATE OF CESSATION OF OIL PRODUCTION

Posted by BIGAPETITE > 2018-08-02 15:11 | Report Abuse

COMPANY IS IN THE RED YET THEY PROPOSED THIS COMING AGM WITH EXORBITANT HIGH REMUNERATION PACKAGE TO THE DIRECTORS

Posted by BIGAPETITE > 2018-08-02 15:12 | Report Abuse

THE FIRST TO GO SHOULD BE THE CEO FOR NOT PERFORMING TO HIS ABILITY

Posted by BIGAPETITE > 2018-08-02 15:18 | Report Abuse

THE REST OF BODS NEEDS TO REASSESS FOR THEIR CAPABILITIES FOR BEING MERELY SLEEPING DIRECTORS WITH ANNUALLY FAT PAID CHEQUE

Posted by BIGAPETITE > 2018-08-06 13:00 | Report Abuse

FINANCING OF OILFIELD DEVELOPMENT COMPRISED A SYNDICATE LOAN UP TO $120M IN ADDITION BANK GUARANTEE FACILITY $13.5M

Posted by chinaman > 2018-08-23 17:41 | Report Abuse

Qtr ended June 2018 declare minor profit myr508K...

Posted by persie > 2018-08-23 18:14 | Report Abuse

It's quite good rather than making loss. Or it is the beginning of the light at the end of the tunnel. Hopefully tne new ceo from UK can turnaround the company.

Posted by superbull11 > 2018-08-23 20:37 | Report Abuse

continue 9 QR having losses , this time QR turn profit gain ,share price in lower price now , gurantee short term can go 18 sen

Posted by luckyman > 2018-08-23 21:26 | Report Abuse

Good news from its quarterly result announcement:-

'Petronas has confirmed termination of the RSC agreement. The modalities for
handover of the operations and novation of contracts are on-going. Reimbursement
of capital and operating expenditure will be subject to audit and finalization by
Petronas.'

http://malaysiastock.biz/Company-Announcement.aspx?id=1080984