Posted by CoffeeMilo > 2024-05-25 21:07 | Report Abuse

Dead man walking counter

Posted by Nikmon > 2024-05-26 17:31 | Report Abuse

Would court grant extension again? Those subcon receive nothing, those loan shark collect interest daily..however subcon outstanding perhaps only 1bil which can be pay by SAP immediately by selling some assets. Instead after 3 years ++, receive nothing because of Court restrain order ..

Posted by Ninth007 > 2024-05-27 10:46 | Report Abuse

No more extension
Fasten your sit belt lady and gentlemen
Jit Pai Hoseh Liao

Posted by TalkNumberOne > 2024-05-27 10:59 | Report Abuse

lol 😂😂😂

Posted by SinGor > 2024-05-27 19:30 | Report Abuse

"HairCut, HairCut"----Bankers Nightmare
I think Management will announce How many Bankers "agreed to HairCut" in coming announcement
to Deflect Bursa enquiries Later ( 31 May----hahahha---just a Show )

Posted by Nikmon > 2024-05-27 20:06 | Report Abuse

After 6 months since creditor agreed on the restructure, still not able to provide detail....need to close shop E&C, lumut yard utilisation 0.1% after ONGC complete.

Posted by Nikmon > 2024-05-27 20:07 | Report Abuse

No access to new fund, no new job sure died slowly...

Posted by SinGor > 2024-05-27 20:29 | Report Abuse

DonT be surprised if Bursa "agreed" on a 2years Probation out of PN17.
Reason is SapOMV Deal needs atleast another year to complete and SAP management need new Cash
another 3 Billion to finance Brazil project

Posted by Nikmon > 2024-05-27 20:48 | Report Abuse

I speculate extension from Bursa no issue, problem is the order from court..there are least 10 subcon sue SAP, if no extension from court, CDRC will not extend also, in the last report few subcon still not willing agree on the restructure arrangements,

Posted by Nikmon > 2024-05-27 20:50 | Report Abuse

Need to fire all the worker at lumut yard, since no fund no project at least another year..

Posted by SinGor > 2024-05-28 11:07 | Report Abuse

One Sub.Con told me SAP can actually raise RM3 billion in Brazil thru Gov project financing for O&G---Good
news for SAP ( no need for local loan )

Posted by TalkNumberOne > 2024-05-28 11:15 | Report Abuse

Haha thanks singor. One oku gang also told me they are hiding scared SAP going to recover from here. 😂😂😂😂 when it matters most you gone missing? Haha oku and co where are your balls? Even Stray female dog has more balls than you.

Posted by TalkNumberOne > 2024-05-28 11:16 | Report Abuse

Don’t let me prove you are worst than a dog. Come and face it, oku and gang. 🙈🙈🙈🙈 monkey also no eye see you

Posted by pineapple > 2024-05-28 16:48 | Report Abuse

Jgn bring ppl go Holland ya.

Posted by TalkNumberOne > 2024-05-28 18:31 | Report Abuse

Don’t want to come out and face it? Haha don’t prove me right la. You no balls. Talking so big 1 sen 1 sen now when it matter you go hiding? Come la cheer for 1 sen. No matter where you hide god will know you predicted 1 sen and you have not delivered your promise 😂😂😂

Posted by SinGor > 2024-05-28 21:57 | Report Abuse

no news is always Good news???????????

Posted by TalkNumberOne > 2024-05-29 07:35 | Report Abuse

Haha singor, no news from OKU and gang is not good news. For all we know OKU full load on Sap already hahahahhaa 😂😂😂 and they are worst than noobie

Posted by TalkNumberOne > 2024-05-29 07:39 | Report Abuse

I don’t want to be same boat with Oku and gang - losers for life.

Posted by DreamSorcerer > 2024-05-29 14:34 | Report Abuse

when can start reversing

Posted by DreamSorcerer > 2024-05-29 14:34 | Report Abuse

so low already leh

Posted by SinGor > 2024-05-29 19:08 | Report Abuse

If Management didnT post PN17 report, by 31May, it means they have submitted request to leave PN17 after
selling SapOmv---which is One month (22Apr) from Today----Bursa maybe scratching its head since ---Let SAP
go or no ----or face political pressure day and nite )

Posted by TalkNumberOne > 2024-05-29 21:11 | Report Abuse

Thanks singor

Posted by TalkNumberOne > 2024-05-30 18:05 | Report Abuse

Further extension application 😂

Posted by thetruthstory > 2024-05-30 21:59 | Report Abuse

already announced the agm
have to announced few good news for the agm to be successful

Posted by TalkNumberOne > 2024-05-31 08:57 | Report Abuse

Where is no ball Oku and gang? Still hiding? Woi asking for another extension your chance to come and make some noise. 😂😂😂 come la don’t hide.

Posted by Nikmon > 2024-06-04 09:33 | Report Abuse

Delay to next year

Posted by thetruthstory > 2024-06-04 18:50 | Report Abuse

already extend kah nikmon? no news in public domain?

Posted by Nikmon > 2024-06-04 18:53 | Report Abuse

Refer annual report...new target date

Posted by thetruthstory > 2024-06-04 18:58 | Report Abuse

owh that one

Posted by joyvest > 2024-06-05 07:53 | Report Abuse

SD is going down today. No matter how many free warrants you have been allocated ,all are worthless in the end as if used toilet papers.....

Posted by gamble > 2024-06-05 10:48 | Report Abuse

will bursa reject?

Posted by Mabel > 2024-06-06 09:57 | Report Abuse

joyvest SD is going down today. No matter how many free warrants you have been allocated ,all are worthless in the end as if used toilet papers.....
05/06/2024 7:53 AM

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised.

Meow

Posted by Mabel > 2024-06-06 20:22 | Report Abuse

KUALA LUMPUR (June 6): Sapura Energy Bhd (KL:SAPNRG) has been granted a nine-month extension by the High Court to the Corporate Debt Restructuring Committee (CDRC) deadline of its standstill period, which shields its group of companies from action by its multi-currency financing (MCF) creditors.

Posted by Mabel > 2024-06-06 21:13 | Report Abuse

Noted SinGor

Mabel think it is a wise decision..

O&G in Malaysia has changed drastically in the last 15 years with the country's oil output declining from its peak of 650,000 barrels per day to 370,000 barrels per day.

Malaysia need Sapnrg...

Meow

Posted by thetruthstory > 2024-06-07 08:39 | Report Abuse

the court is backing up sap to solve its debt

Posted by Nikmon > 2024-06-07 08:55 | Report Abuse

No access to new fun is problematic, ONGC is the last legacy project, finally has completed, however now lumut yard utilisation is 5 %

Posted by Ninja _07 > 2024-06-07 10:24 | Report Abuse

Get extension also share price not moving up

Posted by Nikmon > 2024-06-07 11:27 | Report Abuse

Now only after the sale of sapura OMV arm than only price can move, guess around year end lo. Moving forward CEO can not blame legacy project if no profit..

Posted by TalkNumberOne > 2024-06-07 13:02 | Report Abuse

Just chill and see how this goes. Don’t be like no ball OKU more volatile than the market.

Posted by TalkNumberOne > 2024-06-07 14:05 | Report Abuse

2 things only so simple, either you think this is worthless you don’t even want to see the price or comment. Or you think this company worth to invest. The in between one are like no ball OKU, clueless what is his own gender, want to monitor and comment but think it’s worth 0. 😂😂😂😂 wasting time monitoring and commenting something that has no value. Otak mana pergi?

Posted by thetruthstory > 2024-06-08 17:52 | Report Abuse

and the battle continues......RESILIENCE REWRITTEN

Posted by InvestorKING > 2024-06-09 16:29 | Report Abuse

Mabel, your serba already delisted, so how do you feel? And what's your plan now?

Posted by Mabel > 2024-06-09 22:03 | Report Abuse

InvestorKING Mabel, your serba already delisted, so how do you feel? And what's your plan now?
09/06/2024 4:29 PM

SD went downhill due to False accounting. Nothing much we can do when honesty is compromised. What’s left was my 2019 Bonus Issues free warrant. Sad that Mabel cannot converted into Mother share since it is now delisted.

Meow

Posted by Mabel > 2024-06-09 22:04 | Report Abuse

Right now, beside good companies Mabel is also looking at AA and SE. Two PN 17 companies that is run by honest and hardworking PEOPLE..

Based on the above Mabel takeaway is simple..

PNB’s stake in Sapura Energy, held under its various funds, was only 12.16% before the rights issue. It also fully subscribed for the latter’s Islamic redeemable convertible preference shares (RCPS-i), which were part of a RM4 billion cash call — RM3 billion from a five-for-three renounceable rights issue at 30 sen per share, and RM1 billion via a two-for-five renounceable rights issue of new RCPS-i at 41 sen each.

In simple term that's PNB cost without considering of the 12.16% before the right issues is between 30 to 41 sen per share. As long as Mabel's cost is below the PNB Cost, Mabel can continue to Goyang kaki...

Cheers King !

Meow

Posted by HaiLiDeYu > 2024-06-10 14:49 | Report Abuse

Meow... if you are looking at cost of 30 to 41 sen.... then... it's a big moat there. at least 6x of current price.

Posted by mijiki3 > 2024-06-10 17:36 | Report Abuse

We refer to our announcement dated 5 September 2022 in relation to the Company's application for assistance to mediate by Corporate Debt Restructuring Committee ("CDRC") of Bank Negara Malaysia and our announcements dated 31 May 2022, 1 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 1 November 2022, 1 December 2022, 3 January 2023, 2 February 2023, 1 March 2023, 30 March 2023, 3 April 2023, 2 May 2023, 19 May 2023, 1 June 2023, 13 June 2023, 3 July 2023, 1 August 2023, 1 September 2023, 7 September 2023, 2 October 2023, 1 November 2023, 1 December 2023, 2 January 2024, 2 February 2024, 1 March 2024, 12 March 2024, 1 April 2024, 2 May 2024, 30 May 2024 and 4 June 2024, in relation to the Company being classified as an affected listed issuer and the disclosure requirements under Paragraph 4.1(c) of PN17.



The Board of Directors of the Company wishes to provide a status update that the Company had on 7 June 2024 received a letter dated 7 June 2024 from the CDRC stating that the CDRC has extended the standstill period for the Company and its relevant subsidiaries, which are listed in the Appendix 1 (“Admitted Group Companies”) as attached herein under the CDRC regime, up to 10 March 2025 after taking into consideration of the current status of the Company’s proposed restructuring scheme.



In line with Bank Negara Malaysia’s CDRC Participants Code of Conduct, the MCF Financiers are to continue observing an informal standstill and withhold all legal proceedings, and/or any other recovery action initiated or intended against SEB and/or the Admitted Group Companies as listed in Appendix 1.



Further announcements will be made as and when appropriate.



This announcement is dated 10 June 2024.

Posted by bullrun168 > 2024-06-11 07:04 | Report Abuse

Wow, oil price was spike up like mad !
Brent closed at=>
$81.63 +$2.01 +2.52 %

Like that today Sapnrg will be limit up already to closed at =>
0.345 (+0.30) (+666.7 %) !

Heng ah, Ong ah, Huat ah !

Posted by intansri > 2024-06-11 13:08 | Report Abuse

CDRC extended to next year means the creditors may see after the asset selling and demanded more money that turned out the deal can’t complete, perhaps MCF should ask the creditors with hair cut instead of let creditors for further demanding then only can have win win situation for the company to have future performance

Posted by gamble > 2024-06-11 18:31 | Report Abuse

Big loss

Posted by SinGor > 2024-06-11 18:49 | Report Abuse

you can package loan ( non-performing ) in such a way to pay back in 30years----Buyers are usually Insurance
company. But you need guarantor and a average rating----until further announcement