VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
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Last Price
0.19
Today's Change
+0.005 (2.70%)
Day's Change
0.185 - 0.20
Trading Volume
30,646,600
IPO Info
Offer Period
Opening
2013-10-03
Closing
2013-10-03
Time Table
Allotment Date
2013-10-30
Listing Date
2013-11-01
Price
Issue Price
2.80
Units
2,162,000,000
Share Capital
0.000
No of Shares
Public Issue
611,800,000 Issue Shares;
Offer for Sale
Up to 231,380,000 Offer Shares
Private Placement
-
Issuing House
MIH 546
ISIN Code
MYL5243OO000
Prospectus:
UMW OIL & GAS CORPORATION BERHAD ("UMW-OG" ) RENOUNCEABLE RIGHTS ISSUE OF UP TO 6,053,600,000 NEW ORDINARY SHARES IN UMW-OG ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE ON THE BASIS OF FOURTEEN (14) RIGHTS SHARES FOR EVERY FIVE (5) ORDINARY SHARES IN UMW-OG ("UMW-OG SHARES") HELD AS AT 5.00 P.M. ON 25 SEPTEMBER 2017 TOGETHER WITH UP TO 1,513,400,000 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED ("RIGHTS ISSUE WITH WARRANTS")
UMWOIL-Page 120 to Page 314.pdf
UMWOIL-Page 315 to Annexure B-12.pdf
UMWOIL-Page 120 to Page 314.pdf
UMWOIL-Page 315 to Annexure B-12.pdf
Discussions
30 people like this. Showing 50 of 24,209 comments
Ada jerung tengah tunggu nak makan besar..
Bagi jatuh dulu...
lepas tuuuuuuuuuuuuuuuuuuu ngappppppppppp
1 month ago
BIMB Securities Research
Velesto Target price : 0.34
https://klse.i3investor.com/web/pricetarget/research/73934
1 month ago
Will be 15.5 sen for a long long time.
When Velesto profits increases, share price of Velesto decreases.😁
1 month ago
This pressing down of share price to buy 1 million shares a day seems to continue forever and ever.....
1 month ago
Don't be greedy for few thousands, later you will lose double of it.
Velesto will ends up like Serbadk.
From 4.00 down to 0.15 (drop more than 1,000%), if the company don't have MAJOR crisis, it wouldn't drop more than 1,000%
1 month ago
nampak sangat velesto syndicate operated. Holiday, only left retailer.
syndicate the one pressing the price down.
1 month ago
IB says very bright outlook for Oil and Gas
Translation => Velesto drop another 5 sen 🤣
1 month ago
IB just only sms me bright outlook for OnG seconds ago
So be very careful Velesto may drop again.....
1 month ago
Yeah everyone dont buy ya. Wait Balian de Ibelin buy at the price he wants first then only u can buy.
Sot sot one.
1 month ago
just curious if PNB really find someone to acquire their 54% shares，what will happen to velesto？
1 month ago
54% stake at current price is a steal for a counter that’s going to be net cash soon.
Considering there is actually a strong team of COO and CFO doing their job both operationally and financially.
Will be exciting Q3,25 onwards.
1 month ago
Macgyver111 what you really think? You think velesto can rebound to 0.30 or should i sell at 0.19 lol
4 weeks ago
Why bother asking?
those sold will say better run while u can…
Those just bought will say to the moon!
4 weeks ago
Looks uptrend.
When Whales see people say uptrend, they will push down price by 5 sen.😁👍🤜
4 weeks ago
Price depends on Naga’s Utilization.
If all naga’s contracted, earning potential 60-80M profit a quarter.
Now only 3 Nagas contracted, that’s why price tanked.
Tenderbook increased from 3B to 5B, so if COO is really good; then have chance to get all naga’s contracted.
0 Naga contracted, PN17. 3 Naga contracted, this price. If all 6 naga’s contracted, easily above 30sen.
All depends on Nagas getting job.
3 weeks ago
It’s just some small small indirect lies amongst other promises and ‘blackouts’...or hideouts?
2 weeks ago
Drilling projects coming soon....!!
https://www.reuters.com/business/energy/malaysia-pm-says-petronas-retains-national-role-after-sarawak-gas-deal-2025-01-15/
2 weeks ago
When Velesto was 0.155 one month ago, I was thinking PNB must be kidding, another round of no brainer bet.
2 weeks ago
https://www.thestar.com.my/news/nation/2025/01/29/malaysia039s-petronas-to-decommission-sabah-sarawak-gas-pipeline
________________________
Velesto has 2 hydraulic jack for extracting / decommision / plug Old well---Next 3 years this hydraulic jack
will be put into revenue generating units
14 hours ago
https://www.malaymail.com/news/money/2025/02/01/fuelling-growth-petronas-sets-sights-on-two-million-barrels-a-day-by-2027/165125
Its target will be realised through projects such as the Kasawari gas development off Sarawak state on Borneo, and the redevelopment of the Gumusut-Kakap, Bekok, Tabu and Seligi oil and gas fields, among others, Petronas said in the report published on Tuesday.
For the next two years, about 15 exploration wells are forecast to be drilled each year, focusing on shallow-water wells and deepwater wells, according to the report.
Petronas said its outlook for upstream development projects remains steady for the next three years, with 69 development wells in 2025 compared to 56 in 2024.
Petronas forecasts more than 400 wells to be drilled, and expects 39 upstream projects to be executed over the next three years, including the construction of three offshore central processing platforms, three onshore facilities, and fabrication and installation of about 900 kms of pipelines.
12 hours ago
Different story from IB…..Hence, we expect Velesto Energy Bhd's earnings to decline in the financial year 2025 in anticipation of lower utilisation rate and charter rates for new contracts secured this year
9 hours ago
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hafizfizor90
better change the management lah.
1 month ago