Type Announcement Subject OTHERS Description CONTRACT FOR THE PROVISION OF ONE (1) JACK-UP DRILLING RIG AND ASSOCIATED SERVICES FOR D35, FOR ROC OIL (SARAWAK) SDN BHD 1. INTRODUCTION
The Board of Directors of Velesto Energy Berhad ("VEB") (formerly known as UMW Oil & Gas Corporation Berhad) is pleased to announce that Velesto Drilling Sdn. Bhd. (“VED”) (formerly known as UMW Offshore Drilling Sdn. Bhd.), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMV”) (formerly known as UMW Malaysian Ventures Sdn. Bhd.), which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from Roc Oil (Sarawak) Sdn Bhd ("ROC") for a contract on the Provision of one (1) Jack-Up Drilling Rig and associated services for its D35 Phase 2 Infill Drilling Programme, the approval of which was received today.
2. DETAILS
The contract is for the provision of a jack-up drilling rig to undertake drilling services for ROC.
VEB Group will assign its NAGA 4 for this contract. NAGA 4 is a premium independent-leg cantilever jack-up drilling rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet.
The estimated value of the contract is USD31,038,000 and tentative commencement date of the contract is expected to commence in August 2018 for eleven (11) firm wells.
Era PH...almost all potential counter might go over RM1.00...no more such counter is below 0.50 as previously...wait & see...trade at your own risk!!!!!!
Saudi did agree to pump 2 million barrel more per day "if" its spare capacity is available.------ At current level-----10.3m barrel per day, Saudi can "open Taps" here and there and really can increase to 10.5m barrel a Day-----But to increase another 1 million Barrel, Saudi got to "open and Drill "cold storage wells" And that would take "One Year"----(source everyday Bloomberg News) Oil will hit $90----if Iran sancation kills in
sharks want to corner price at 1.930.....Blocking 1.940 and 1.92 ( Good, price will surely breached past 2.00 rapidly later <--- Omg today is 1.89 where is the "past 2.00 rapidly later" story? but I like ur shark story jjchan. Monkey and shark r the perfect match
Yes, amanah bought 20m on 4 July.....but i don't think amanah bought any today----very turbulence times-----Let see DJ on Friday reaction and China returned Fire on Tariff-----If a temporary cease fired is called this weekend, Monday, many stocks will hit all time high
If i look at the volume done during this "6" Amanah buying operation-----hardly any ikan bilis buying-----the timing of Amanah is really good (done by professional operator) so when retailers return, only buyers rushing in.
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....
Haha
413 posts
Posted by Haha > 2018-07-03 20:18 | Report Abuse
.
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 29-Jun-2018 Acquired 10,000,000
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 28-Jun-2018 Acquired 15,000,000
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 26-Jun-2018 Acquired 15,000,000
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 25-Jun-2018 Acquired 20,000,000