If TSH hit RM 150.00 per 1 , 000 shares, I going to refinance my properties and all in TSH.

This contract is for Armada to reimburse time and material cost from EnQuest. Reimbursement is not equal to Penalty.

Mabel are you sure this Mouse is Sifu level? 🤔 Could you share more about him.

Posted by Mikecyc > 4 minutes ago | Report Abuse

Haha Reimbursement Contract Operations and Maintenance for 8 years is still Valid loh …

Windfax tax has badly impacted EnQuest share price (Down 25% YTD) but it doesn't impact on Armada revenue because Armada maintain 95% uptime will continue get the full daily charter rate.

This shut in problem will be resolved in no time and new Cameia FPSO is expected to be awarded to Armada. If you missed last week, trmw is last chance you get some Armada shares.

Mouse are you historian or investor? Why keep posting historical news.

FPSO Claire sold and closed case.

The SLA is 95% uptime. Failing this Armada would get 70% to 80% of full charter rate for entire year. This is the only penalty. 30% of USD 500k per day is a huge amount of penalty.

The windfall tax - 75% of North Sea oil and gas production profits - will continue for the next five years but the government has announced that if prices fall to historically normal levels for six months the tax rate for oil and gas companies will return to 40%.

The global oil price has returned to normal level. It is time to revise the windfall tax. No point drilling more wells to pay for 75% tax, that's crazy.

Hello Mouse, the final acceptance was completed few years back I think after you left Armada.

Armada already enjoying full charter rate for the past 3 years. Including the year 2020 Covid pendamic year. These all reflected in company excellent financial performance in past 3 years.

Investor looking forward future earning. No meaning digging out past history.

Information on Kraken production restart by phases this weekend was provided by EnQuest IR. I wrote to Bumi IR and as expected no response from Bumi.

Let's wait patiently for Announcement tomorrow or later this week.

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You missed me?? Please lah I'm not Gay.

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Mouse you are super annoying. I really beh tahan you repeatative posts.

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I follow Mabel call you Sifu Mikecyc.

You call me lengchai Felix OK? Deal?

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Mouse

1st contract signed for the FPSO charter rate, terms and conditions.

2nd Contract signed on Operation and Maintenance cost, time and material reimbursement.

Jangan putar balik twist the news.

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Kraken FPSO needs to achieve a minimum annual operational uptime of circa 95%, failing which the FPSO charterer does not pay the full bareboat charter contract.

Armada would get 70 to 80 of the charter rate if failing to achieve 95% uptime.

No company will sign for reimbursement of loss. Armada`s Lawyer not so stxpid.

Mouse the reimbursement contract is for the O&M cost. One way Armada ▶ EnQuest.

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Posts in forum doesn't take into calculation.

* Note 1: Stock trends are derived from a number of activities related to the stock, each given a weightage and score. The activities contributing to stock scores include:
1.Searches on a stock
2.News & blog posts covering a stock
3.Price target for a stock
4.Announcement on a stock
Stock entitlement (bonus, dividend, split, consolidation)

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No Chun Toi to continue the challenge?

Next time don`t talk so loud , OK

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This is my profile..

Felix888
Bon888 | Joined since 2018-04-07


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Good I will continue until Dnex fall below 0.30.

Many Middle East projects are conman project like Serbak.

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Most valuable petroleum business developed using list company money now going into Management pocket. Company without integrity worth nothing.