VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.16

Today's Change

-0.025 (13.51%)

Day's Change

0.145 - 0.19

Trading Volume

236,514,600


29 people like this.

24,376 comment(s). Last comment by SinGor 3 hours ago

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

anson938

2,019 posts

Posted by anson938 > 2018-07-03 20:32 | Report Abuse

>0.50 these time!

263263

124 posts

Posted by 263263 > 2018-07-03 20:34 | Report Abuse

Wow,$17million .
Tomolo break 30cts.

Stephenloo

195 posts

Posted by Stephenloo > 2018-07-03 21:59 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/07/03/velesto-secures-drilling-job/#vsGfPoOfuKUY7MCB.99

worth of 125mil contract will break at least 0.3
NTA 0.33 & PB 0.83
price 0.28 is really undervalue

263263

124 posts

Posted by 263263 > 2018-07-04 08:56 | Report Abuse

Hope today strong stand 0.30

Surewind

292 posts

Posted by Surewind > 2018-07-04 09:23 | Report Abuse

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.


New contract, up up up

Posted by 1151204499 > 2018-07-04 11:35 | Report Abuse

Up up up

wudmec

254 posts

Posted by wudmec > 2018-07-04 15:14 | Report Abuse

tomorrow fly?

JJchan

7,182 posts

Posted by JJchan > 2018-07-04 15:19 | Report Abuse

Looks like Amanah is blocking at 0.290----collecting at 0.28/5

263263

124 posts

Posted by 263263 > 2018-07-04 16:37 | Report Abuse

Break 0.295

anson938

2,019 posts

Posted by anson938 > 2018-07-04 16:42 | Report Abuse

GOOD!

anson938

2,019 posts

Posted by anson938 > 2018-07-04 16:43 | Report Abuse

WILL IT BREAK 0.30 TODAY?

anson938

2,019 posts

Posted by anson938 > 2018-07-04 16:44 | Report Abuse

BREAK 0.30...

JJchan

7,182 posts

Posted by JJchan > 2018-07-04 16:53 | Report Abuse

22m vol. ( 0.290 + 0.295 ) One time Buy-----push to 0.30-----Velesto without Amanah, just Dead fish

JokerT

1,391 posts

Posted by JokerT > 2018-07-04 16:58 | Report Abuse

tomorrow will drop back 0.280

anson938

2,019 posts

Posted by anson938 > 2018-07-04 17:11 | Report Abuse

Wait 0.39 first

Posted by EngineeringProfit > 2018-07-04 18:29 | Report Abuse

: )

Diamond7

2,379 posts

Posted by Diamond7 > 2018-07-04 20:39 | Report Abuse

if drop to 0.28
Sapu all!!!

sell

2,456 posts

Posted by sell > 2018-07-04 23:08 | Report Abuse

ASB bought so much so low. If push to 30 sen they make ton of profit?

SuperPanda

11,431 posts

Posted by SuperPanda > 2018-07-04 23:40 | Report Abuse

uptrend with new base support expected this month onwards

Posted by 10215485114468081 > 2018-07-04 23:58 | Report Abuse

Amanahraya keep sapu......!

ankahill

1,046 posts

Posted by ankahill > 2018-07-05 09:50 | Report Abuse

will stay at 27 sen - 30 sen for a long long time

anson938

2,019 posts

Posted by anson938 > 2018-07-05 10:20 | Report Abuse

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!!!!!!

wudmec

254 posts

Posted by wudmec > 2018-07-05 14:30 | Report Abuse

tq PH

Hustle

3,615 posts

Posted by Hustle > 2018-07-05 15:41 | Report Abuse

The doggie must follow the master command

Hustle

3,615 posts

Posted by Hustle > 2018-07-05 15:41 | Report Abuse

Pump...pump...pump

JJchan

7,182 posts

Posted by JJchan > 2018-07-05 17:29 | Report Abuse

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

rogers123

4,018 posts

Posted by rogers123 > 2018-07-05 18:10 | Report Abuse

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

JJchan

7,182 posts

Posted by JJchan > 2018-07-05 18:32 | Report Abuse

wa. roger everywhere, no shit.----Roger no go to kps---alot of ppl there like to kick to backside
I am NOT paying you as my Dog

chamlo

1,288 posts

Posted by chamlo > 2018-07-05 18:50 | Report Abuse

Drop more even better to 25 sen for collection.

JJchan

7,182 posts

Posted by JJchan > 2018-07-05 18:51 | Report Abuse

Amanah buying is making me very happy ( 20m on 3 July)

JJchan

7,182 posts

Posted by JJchan > 2018-07-05 20:18 | Report Abuse

The Big rush to 0.30 was actually yesterday 4 July (maybe Amanah also bought "20 m " yesterday)

ZEPAN

606 posts

Posted by ZEPAN > 2018-07-05 23:41 | Report Abuse

People selling?

JokerT

1,391 posts

Posted by JokerT > 2018-07-06 09:28 | Report Abuse

run...

ken2004

1,712 posts

Posted by ken2004 > 2018-07-06 10:38 | Report Abuse

Trade war effective today

wudmec

254 posts

Posted by wudmec > 2018-07-06 14:55 | Report Abuse

wau...ASB topup 20 million...but stock price not move =(

Cheah Mun

15 posts

Posted by Cheah Mun > 2018-07-06 14:58 | Report Abuse

what price ASB bought ? haha

JJchan

7,182 posts

Posted by JJchan > 2018-07-06 18:20 | Report Abuse

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

JJchan

7,182 posts

Posted by JJchan > 2018-07-06 18:29 | Report Abuse

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.

moneykj

6,148 posts

Posted by moneykj > 2018-07-06 18:46 | Report Abuse

I'm buying..

snwong13

724 posts

Posted by snwong13 > 2018-07-07 06:42 | Report Abuse

.
If oil companies don't invest fast enough now, what will happen?

https://www.cnbc.com/2018/07/06/big-oil-sowing-the-seeds-for-crude-prices-above-150-bernstein-warns.html

KEYBOARD

267 posts

Posted by KEYBOARD > 2018-07-07 09:01 | Report Abuse

Monday ready

monkey58

14 posts

Posted by monkey58 > 2018-07-07 09:27 | Report Abuse

sudah mati lah?

Calvin882

1,562 posts

Posted by Calvin882 > 2018-07-08 12:06 | Report Abuse

Will stay at the current price for some time

rogers123

4,018 posts

Posted by rogers123 > 2018-07-08 13:37 | Report Abuse

Buy Buy Buy. I bought it because of JJchan. I like shaking tree and shark cornering story

rogers123

4,018 posts

Posted by rogers123 > 2018-07-08 13:38 | Report Abuse

JJchan; Got any story for this UMWoG?

SuperPanda

11,431 posts

Posted by SuperPanda > 2018-07-08 19:26 | Report Abuse

275-295 has been too many times, no catalyst until news for higher utilization charter is out

SuperPanda

11,431 posts

Posted by SuperPanda > 2018-07-08 19:29 | Report Abuse

i expect this month and next month will get new news since old contract going to expire soon

aboy

29 posts

Posted by aboy > 2018-07-08 19:32 | Report Abuse

New here, can still buy or not. Looks like no strength.

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