Posted by Balian de Ibelin > 2 months ago | Report Abuse

no reason to pay you, when ultimately will be delisted later, my money is my money 😁

Posted by vespa > 2 months ago | Report Abuse

spot on steady31... major shareholder appears to be all about himself and the faithfull are bearing the cost.. poor souls

Posted by leeabraham > 2 months ago | Report Abuse

very sad lah. holding faithfully since 0.55 last year and now also this price. look astro also dead, maxis no move (AK, pls monitor yr management, what r they doing, high salary??)

Posted by marlboroman2 > 2 months ago | Report Abuse

Okay, Holland 1 - Malaysia 0.
Monday betting odds Holland give back half ball to Malaysia.

Posted by Gabriel Khoo > 2 months ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1358043

Posted by marlboroman2 > 2 months ago | Report Abuse

Betting odds now for halftime :
+ 1 ball, + 1.5 ball

Posted by bullrun168 > 2 months ago | Report Abuse

Walaoeh, what happend ?
Super damn hot man Armada today !
Now Armada was traded at @0.585 (+0.015) (+2.6 %)
Heng ah, Ong ah, Huat ah !

Posted by TimCoke > 2 months ago | Report Abuse

0.68

Posted by nikicheong > 2 months ago | Report Abuse

Pharos announces their update on 18th July 2024. Might be some positive update on their TGT drilling and/or license extensions.

Posted by Penarak > 2 months ago | Report Abuse

Yesterday was good.Today not so good .

Posted by Balian de Ibelin > 2 months ago | Report Abuse

Today, the production risers are blocked, transformer may blow soon. 😁

Posted by Genovese > 2 months ago |

Post removed.Why?

Posted by SonniaFang > 2 months ago | Report Abuse

Ya, because oilprices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, Penarak ..https://www.thestar.com.my/business/business-news/2024/07/16/oil-prices-fall-on-lingering-chinese-demand-concerns

Posted by Penarak > 2 months ago | Report Abuse

No.Oil prices are up and down.This is caused by the off loading from last Tuesday.Will go on till Thursday.

Posted by leeabraham > 2 months ago | Report Abuse

another koyak day for BAB:(

Posted by ITreeinvestor > 2 months ago | Report Abuse

FPSO accepted at last... six months after producing first oil in India
https://www.upstreamonline.com/rigs-and-vessels/fpso-accepted-at-last-six-months-after-producing-first-oil-in-india/2-1-1677622

Posted by ITreeinvestor > 2 months ago | Report Abuse

Anyone with full article?

Posted by Alex Chua > 2 months ago | Report Abuse

No power

Posted by ocbc > 2 months ago | Report Abuse

collect slowly , no worry type !

Posted by TimCoke > 2 months ago | Report Abuse

many bankers are collecting a

Posted by Robert Waters > 2 months ago | Report Abuse

Or maybe they are disposing, as much as they can without breaking the market.

Posted by 696988 > 2 months ago | Report Abuse

Some people keep throwing and some people keep collecting the ticket

Posted by TimCoke > 2 months ago | Report Abuse

normal la in stock market

Posted by SonniaFang > 2 months ago | Report Abuse

In the United States, the world's largest oil producer and consumer, crude oil inventories fell by 4.4 million barrels in the week ended July 12 . Oil 🆙

https://www.thestar.com.my/business/business-news/2024/07/17/oil-prices-edge-up-on-us-inventories-but-china-caps-gains

Posted by nikicheong > 2 months ago | Report Abuse

Sonnia I think you're in the wrong company. Not suited to what you are looking for (movement with oil prices).

Posted by vespa > 2 months ago | Report Abuse

Robert Waters, you could probably be right but the saving grace is that downside is limited (says he)..glad am out of this but if it falls to the silly price region may reconsider..

Posted by Robert Waters > 2 months ago | Report Abuse

This counter has a potential to deliver profit to all of us long in the game to greater extent than the darlings like Yinson, but it will likely take longer and be less profitable than we hoped for.

Posted by ITreeinvestor > 2 months ago | Report Abuse

Pharos Operation Update:

TGT Revised Field Development Plan (RFDP) was approved by the Ministry of Industry and Trade (MOIT) on 9 January, enabling the two-well drilling programme to commence in 3Q

Posted by ITreeinvestor > 2 months ago | Report Abuse

CNV RFDP agreed by all Partners and awaiting formal approval

Positive progress towards obtaining TGT and CNV licence extensions

Discussions continue with several interested parties in preparation for the drilling programme on Block 125

Posted by nikicheong > 2 months ago | Report Abuse

Again, based on my checking with Pharos Energy, the extension to the FPSO charter has been agreed to in principle but no formal signing has taken place.

Basically, they will not be proceeding with drilling two new wells unless there is a charter extension to the FPSO, which expires at the end of this year.

The FPSO will either be extended for a 7 year firm period, or for a 2 year firm + 5 year option period.

Posted by Gabriel Khoo > 2 months ago | Report Abuse

BMI, a subsidiary of Fitch Solutions, expects that as Petronas actively invests in overseas liquefied natural gas (LNG) projects and expands its global LNG portfolio, it will promote further expansion of LNG transactions in the country.

According to a BMI statement, Petronas has invested in the Gladstone project in Australia and the LNG project in Canada, and recently participated in the production sharing contract (PSC) of the Masela oil field with a 15% stake, including the Abadi LNG project in Indonesia.

It is understood that the Indonesian government approved the development plan of Masela in December last year, and Petronas and its partners have not yet made a final investment decision on the Abadi project.

There was also an agreement signed last year with Bumi Armada (ARMADA, 5210, Main Board Energy Stock) and PT Davenergy Mulia Perkasa, the natural gas subsidiary of Indonesia's National Petroleum Corporation (Pertamina), to develop a floating LNG project using feed gas from Madura and surrounding oil fields.

However, BMI said that these investment plans are still in the early stages and have not been further promoted.

However, BMI added that Petronas is looking to enter China and other emerging markets to reduce its reliance on the Japanese market as these emerging markets become increasingly important for it to maintain LNG exports.

"China is now generally considered a fast-growing LNG market, but it still offers significant LNG export opportunities."

As of the end of April, Malaysia's share of China's LNG market is limited, accounting for 11.5% of China's LNG imports, far lower than (32.5%) and Qatar (25.9%).

In addition to China, Petronas has a 15-year long-term contract with Thailand's PTT to supply 1.2 million tonnes of LNG per year.

"As Thailand's demand for LNG grows and PTT is expanding its LNG regasification capacity, this will hopefully increase Petronas' exports to Thailand."

In addition, BMI pointed out that Petronas also exports spot LNG to Taiwan, Bangladesh, Singapore and Pakistan, and Vietnam may become the next target market.

Posted by Gabriel Khoo > 2 months ago | Report Abuse

Nick. Would there be any charter rate to re-nego for the contract under option to extend

Posted by nikicheong > 2 months ago | Report Abuse

Gabriel as I understand it, for TGT no renegotiation of rates. It should be broadly in line with previous charter extension. If anything, rated might be lower, but only marginally.

Posted by nikicheong > 2 months ago | Report Abuse

Ambank downgrades to RM0.60. Very odd update given that there's no update or changes to fundamentals.

Posted by Gabriel Khoo > 2 months ago | Report Abuse

Can you share the report?

Posted by SonniaFang > 2 months ago | Report Abuse

MISC could take a substantial stake in Bumi Armada

https://theedgemalaysia.com/node/718246

Posted by TimCoke > 2 months ago | Report Abuse

I bet this is a real one

Posted by Robert Waters > 2 months ago | Report Abuse

It is sad. They have NOTHING.

Posted by TimCoke > 2 months ago | Report Abuse

Lets see ^^

Posted by daretocutandchange > 2 months ago | Report Abuse

no matter what happen as long as it's earning and borrowing keep on improving, eventually the share price will going up

Posted by Macgyver11 > 2 months ago | Report Abuse

Adoi! Balik 0.55 lagi. 🤦
Armada favourite number 0.55..😁😀

Posted by warris > 2 months ago | Report Abuse

may be substantial stake in armada for alberta project...

Posted by TimCoke > 2 months ago | Report Abuse

not only that

Posted by nikicheong > 2 months ago | Report Abuse

https://www.petromindo.com/tender/detail/akia-3d-moriite-scismic-acquisilion

Bumi Armada moving ahead with the seismic on Akia.

Posted by nikicheong > 2 months ago | Report Abuse

Berdasarkan catatan SKK Migas per Juli 2024, beberapa lapangan eksplorasi yang sedang dalam proses farm-out di antaranya wilayah kerja (WK) Andaman I, WK Akia dan WK Bobara.

https://ekonomi.bisnis.com/read/20240722/44/1784405/skk-migas-rayu-perusahaan-kecil-masuk-ri-eksplorasi-migas-bisa-makin-semarak

Posted by nikicheong > 2 months ago | Report Abuse

Some progress as Uniper Grain Power plant is named for the CCS project in UK

Posted by Gabriel Khoo > 2 months ago | Report Abuse

Bumi Armada and Navigator Gas anticipate entering into definitive documentation for the Bluestreak CO2 joint venture by the end of the fourth quarter of 2024. The joint venture is subject to the execution of such definitive documentation, approvals by the respective boards of directors of Bumi Armada and Navigator Gas, applicable regulatory approvals and other customary closing conditions.

Posted by jacintateh > 2 months ago | Report Abuse

https://www.klsescreener.com/v2/announcements/view/7429949

Posted by Gabriel Khoo > 2 months ago | Report Abuse

NICK. If BAB can conclude some deal this year, chances for MISC to acquire BAB's from TSA high right?

Posted by ITreeinvestor > 2 months ago | Report Abuse

MISC acquire BAB is in the progress, just wait patiently and they will make announcement accordingly.