A DEEPER LOOK AT UZMA SECURED JOBS WHICH WILL TURN BALANCE SHEET POSITIVE, Calvin Tan Research

calvintaneng

Publish date: Tue, 13 Aug 2019, 11:39 AM

16. PROSPECTS AND PROGRESS TO ACHIEVE FORECAST FOR NEXT FINANCIAL YEAR Barring any unforeseen circumstances, the Directors remain optimistic with the Group’s prospects for the remaining period to the end of financial year and next financial year, based on the positive developments of the Company specific in PTD 2018 as follows:

(i) On 1 April 2014, the Company announced that a contractor Group that includes its wholly owned subsidiary, Uzma Energy Venture (Sarawak) Sdn. Bhd. and EQ Petroleum Developments Malaysia Sdn. Bhd. (“Contractor Group”), had on 27 March 2014 signed a Small Field Risk Service Contract (“SFRSC”) with Petroliam Nasional Berhad to carry out the development and production of petroleum from the Tanjung Baram Fields.

(ii) As announced on 10 July 2015, UESB was awarded by PETRONAS Carigali Sdn Bhd (“PCSB”) with a contract for Leasing, Operation and Maintenance of the D18 Water Injection Facility for PCSB. The contract value is estimated at RM350 million to RM400 million. The duration of the contract is for 5 years leasing period effective from 31 March 2016.

(NOTE: CONTRACT RM400 MILLIONS FROM 31 MARCH 2016 TO 31 MARCH 2021. THE PROFITS WILL BE ACCRUED FROM ONGOING WORK PROGRESS. Calvin Tan Research)

(iii) As announced on 6 February 2017, UESB was awarded by PETRONAS Carigali Sdn Bhd with an Umbrella Contract for the Provision of Electric Wireline Logging (EWL). The contract will run for a duration of 3 years, commencing from 1 December 2016 to 30 December 2019, with two extension options of 1 year each for Cased Hole Logging Services across the Pan Malaysia area. Upon issuance of specific work order, the Company expects the contract to contribute positively to its future earnings.

(NOTE: 3 YEARS UNBRELLA CONTRACT ENDING IN DECEMBER 2019 WHICH IS THIS YEAR TO SEE PROFITS ROLLING IN.)

(iv) As announced on 28 February 2017, Uzma Engineering Sdn. Bhd. (“UESB”) was awarded by Murphy with a contract for the Provision of Hydraulic Workover Unit and services. The contract will run for a duration of 2 years with an extension option of one (1) year. Upon issuance of specific work order, the Company expects the contract to contribute positively to its future earnings.

NOTE: MURPHY JOBS AWARDED WILL END BY THIS YEAR WITH EXTENSION OPTION TILL 2020)

(v) As announced on 22 March 2017, UESB was awarded by PETRONAS Carigali Sdn Bhd with a contract for the Provision of Fishing Equipment and Services and services. The contract will run for a duration of 2 years with an extension option of one (1) year. Upon issuance of specific work order, the Company expects the contract to contribute positively to its future earnings.

CONTRACT PROFITS WILL BE REPORTED IN YEAR 2019/2020 IF EXTENSION GIVEN.)

(vi) As announced on 9 January 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd three (3) umbrella contracts for the provision of electrical submersible pump (“ESP”) and services for PCSB as follows:- (a) Supply of Joineted Tubing ESP and the Deployments; (b) Supply of Coiled Tubing ESP and the Deployment; and (c) Surveillance, Monitoring and Maintenance of ESP. The tenure of the contract is three years from 20 November 2017 to 19 November 2020 with first extension option of one (1) year. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

(PROFITS ROLLING IN FOR YEAR 2019 TO 2020)

(vii) As announced on 17 January 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd for the provision of Hydraulic Workover Unit (“HWU”) – “Ghazi 461” from 28 December 2017 until completion of three (3) firm well with extension option of a further six (6) wells. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

PAYMENTS TO BE RECEIVED NOW TILL YEAR 2020!!

(viii) As announced on 1 March 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd for an umbrella contract for the Provision of 150K, 225K and 460K Drilling of Hydraulic Workover Unit (HWU). The tenure of the Umbrella Contract is three (3) years from 6 February 2018 to 5 February 2021 with an extension option period of one (1) year. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

Apart from Velesto UZMA has HWUs for Daily Rental to Petronas

CASH ROLLING IN BY YEAR 2019 TO 2021

ix) As announced on 27 April 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd for an umbrella contract for the Provision of Well Abandonment Integrated Services. The tenure of the Umbrella Contract is two (2) years from 29 March 2018 to 29 March 2020 with an extension option period of one (1) year. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

WELL ABANDONMENT JOBS GIVE HIGH PAY.

REVENUE TURNING INTO REAL PROFITS BY NOW

(x) As announced on 25 July 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd for an umbrella contract for the Provision of Drilling Fluids and Associated Services. The tenure of the Umbrella Contract is five (5) years from 30 May 2018 to 30 May 2023. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

UZMA IS THE ONLY ALTERNATE FOR DRILLING FLUID OTHER THAN SCOMI

PROFIT AND MORE PROFITS TILL YEAR 2023

(xi) As announced on 7 August 2018 and 8 August 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd a work order for the Provision of Well Abandonment Integrated Services for Pulai-A (“the Work Order”). The tenure of the Work Order is from 2 July 2018 until the completion of 22 firm wells which is estimated to be within the next 12 months. The Group expects the Work Order to contribute positively to its future earnings.

22 OIL WELLS DECOMMISSIONING OF WHICH ONLY 6 COMPLETED DUE TO MONSOON SEASON

16 MORE OIL WELLS TO BE COMPLETED FROM APRIL TILL JUNE 2019

RESULTS BY THIS MONTH WILL SHOW WORK PROGRESS

WITH MONSOON OVER... NOW IS THE TIME TO COMPLETE THE JOB AND GET A CASH WINDFALL BONANZA

THIS WIN FALL BONANZA WILL GIVE A HUGE BOOSTER TO UZMA'S AUGUST 2019 PERFORMANCE!!

(xii) As announced on 29 January 2019 and 31 January 2019, Uzma completed the proposed acquisition in accordance with the terms and conditions of the share sale agreement to acquire additional 15% equity interest in SVP. The acquisition is which resulting SVP becoming a subsidiary to Uzma’s Group and expected to contribute positively to the Group’s future earnings.

SVP WILL BE ANOTHER POWERFUL BOOSTER FOR UZMA'S FUTURE EARNINGS

xiii) As announced on 14 March 2019, PT Cougar Drilling Solution Indonesia (“PTCDSI”), 90.25% fellow subsidiary of Uzma had been awarded a contract for the Provision of Directional Drilling Services for PT Pertamina Hulu Energi Onshore West Java (“PHE-ONWJ”). The tenure of the contract is two (2) years from 25 February 2019 to 25 February 2021 with an extension option subject to the approval of SKK MIGAS, an institution established by the Indonesia government to manage upstream oil and gas business activities. The execution of contract is depending on work orders to be issued to PTCDSI from time to time at the discretion of PHEONWJ. Hence, any delay in issuing work orders will lead to delay in revenue recognition. The Group expects the contract to contribute positively to its future earnings by taken into the consideration of risk associated with the contract.

NOTE: PETRONAS OF MALAYSIA ALLOTED RM30 BILLIONS FOR UPSTREAM JOBS

NOW PERTAMINA FROM INDONESIA WILL ALSO INCREASE UPSTREAM JOBS (UZMA BEING PRO ACTIVE IS THE 1ST MOVER FROM MALAYSIA OGSE TO GO THERE)

(((THIS NEW JOBS AWARDED WILL CONTRIBUTE EARNINGS TILL YEAR 2021)))

(xiv) As announced on 19 March 2019 and 20 March 2019, MMSVS Group Holdings Co., Ltd (“MMSVS”), a wholly owned subsidiary of the Group had been awarded a contract for the Provision of Onshore Hydraulic Workover Services (340K) for PTTEP International Limited, PTTEP Siam Limited and PTTEP SP Limited. The tenure of the contract is three (3) years from 1 March 2019 to 30 June 2022 with a maximum extension option of one (1) year. The Group expects the contract to contribute positively to its future earnings by taken into the consideration of execution risk associated with the contract.

(((THIS THAI O&G JOB WILL BRING IN POSITIVE EARNINGS FOR NOW TILL YEAR 2022)))

WITH SO MUCH MONIES EXPECTED TO ROLL IN TO UZMA'S COFFERS THE MANAGEMENT / DIRECTORS ARE SO SANGUINE THAT THEY ARE NOW BUYING OVERSOLD UZMA SHARES

SEE

DATO' CHE NAZAHATUHISAMUDIN BIN CHE HARON	08-Aug-2019	Acquired	89,000	0.595
DATO CHE NAZAHATUHISAMUDIN BIN CHE HARON	07-Aug-2019	Acquired	80,000	0.576

NAZAHATUHISAMUDIN IS THE DIRECTOR OF SALES. HE IS IN THE VERY FOREFRONT OF RECRUITING NEW BUSINESSES FOR UZMA

AND HE IS SO SANGUINE THAT HE HAS JUST BOUGHT 169,000 SHARES OF UZMA WITH HIS OWN HARD EARNED MONEY

INTENTION TO DEAL

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD

UZMA BERHAD

Type

Announcement

Subject

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD

Description

Pursuant to Paragraph 14.08(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, this is to notify that Dato' Kamarul Redzuan Bin Muhamed, a Director of Uzma Berhad ("Uzma" or "the Company"), intends to deal in securities of the Company during the closed period.

Uzma has received a notification on 6 August 2019 from Dato' Kamarul Redzuan Bin Muhamed, a Director of Uzma, of his intention to deal in the securities of the Company during the closed period.

The securities held by Dato' Kamarul Redzuan Bin Muhamed as at the date hereof are as follows:-

Name of Registered Holder	Direct		Indirect
Name of Registered Holder	Ordinary Shares	Percentage	Ordinary Shares	Percentage
Dato' Kamarul Redzuan Bin Muhamed	-	-	109,326,674#	34.162^

^ The percentage of interest is based on issued share capital of 320,028,500 ordinary shares as at 6 August 2019.

# Deemed interested through Tenggiri Tuah Sdn. Bhd. by virtue of Section 8 of the Companies Act 2016.

This announcement is dated 6 August 2019.

TOP BOSS OF UZMA HAS GIVEN NOTIFICATION TO DEAL IN UZMA SHARES

YOU BETTER BUY BEFORE HE DOES WHILE PRICE STILL SO CHEAP

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD

UZMA BERHAD

Type

Announcement

Subject

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD

Description

Pursuant to Paragraph 14.08(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, this is to notify that Mr Bong Leong Sung, a principal officer of Uzma Berhad ("Uzma" or "the Company"), intends to deal in securities of the Company during the closed period.

Uzma has received a notification on 9 August 2019 from Mr Bong Leong Sung, a principal officer of Uzma, of his intention to deal in the securities of the Company during the closed period.

The securities held by Mr Bong Leong Sung as at the date hereof are as follows:-

Name of Registered Holder	Direct		Indirect
Name of Registered Holder	Ordinary Shares	Percentage (%)	Ordinary Shares	Percentage (%)
Bong Leong Sung	100,000	0.031^	-	-

^ The percentage of interest is based on issued share capital of 320,028,500 ordinary shares as at 9 August 2019.

This annoucement is dated 9 August 2019.

CHIEF FINANCE OFFICER / CHIEF EXECUTIVE OFFICER OF MMSVS GROUP HOLDING CO., LTD.

BONG LEONG SUNG

Who Do You Trust?

The words of 3 IB (Investment Banks) calling for a sell on Uzma?

Or KWAP selling in stupidity?

Or you listen to the Words of Directors?

And follow them where they put their monies?

UP TO YOU GUYS TO DECIDE

NOW CALVIN HAS A SHORT TERM TARGET PRICE FOR UZMA AT 75 SEN AND A ONE YEAR TARGET PRICE AT RM1.20

LONGER TERM UZMA SHOULD GO ABOVE RM2.00

Why 75 sen first?

Answer:

This was the Rights Issue Price Directors paid for (Naim Directors took up Rights Issue at 45 sen when Calvin called for a buy. Naim later gone Limit Up!)

See

DATIN ROZITA BINTI MAT SHAH @ HASSAN	16-Jul-2014	Acquired	67,150,079	0.750
DATO’ CHE NAZAHATUHISAMUDIN BIN CHE HARON	16-Jul-2014	Acquired	1,000,580	0.750
DATO’ KAMARUL REDZUAN BIN MUHAMED	16-Jul-2014	Acquired	67,150,079	0.750
PETER ANGUS KNOWLES	16-Jul-2014	Acquired	75,000	0.750

Director's Particular:

Name	DATO’ KAMARUL REDZUAN BIN MUHAMED

Details of Changes:

Currency

Malaysian Ringgit (MYR)

Date of Change		Type	Number of Shares	Price
	16-Jul-2014	Acquired	67,150,079	0.750

Nature of Interest	Direct and Indirect interest
Shares	Ordinary shares of RM0.50 each
Reason	Direct Interest: Subscription of 36,549,937 Rights Shares. Indirect Interest: Subscription of 30,600,142 Rights Shares by his spouse.
Consideration

Total no of securities after change

Direct (units)	91,099,874
Direct (%)	34.51
Indirect (units)	43,200,200
Indirect (%)	16.36
Total (units)	134,300,074
Total (%)	50.87
Date of Notice	21-Jul-2014

SO AT 62 SEN WE ARE BUYING BELOW INSIDER BUYING PRICE AT 75 SEN.

BEST REGARDS

Calvin Tan Research

Please buy or sell after you have done your due diligence.

Futher note:

KWAP might still be disposing its remaining holdings of KWAP Shares

This present us a wonderful opportunity to buy cheap due to KWAP selling down

This was how Seth Klarman became a BILLIONAIRE TOP FUND MANAGER in USA

In a time when Big Funds were liquidating Seth Klarman Fund BOUGHT BIG!

NOW IS OUR OPPORTUNITY

Further Question

What If Crude Oil Price Crashes?

Will Uzma be affected?

So Coming up next

CALVIN TAN RESEARCH WILL SHOW YOU WHY EVEN WHEN CRUDE OIL PRICE FELL BELOW USD50 PER BARREL UZMA WAS STILL DOING VERY WELL

Stay tuned....

LISTEN TO THE LOGIC AND THE REASONS

DO YOU BELIEVE IN THE RUMOURS OF OUTSIDERS OR THE WORDS OF INSIDERS?

DO YOU THINK 3 IB (INVESTMENT BANKERS) WHO DOWNGRADE UZMA ARE CORRECT? OR INSIDERS/DIRECTORS BULLISH FORECAST ARE CORRECT?

DO YOU THINK KWAP SELLING DOWN UZMA SHARES A WISE MOVE?

OR DIRECTORS/INSIDERS BUYING UZMA COMPANY SHARES WITH THEIR OWN HARD EARNED MONIES A WISER MOVE?

SO YOU MUST THINK CAREFULLY

THINK CAREFULLY. THINK DEEPLY.

THEN DECIDE

UZMA (7250)

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