Dear shareholders, if you recently bought shares of SAPURA Energy and find yourself contemplating whether to cut losses (listen to Bob, Huang, B40) or hold onto your investment, there are several factors to consider that suggest why cutting losses may not be the best decision at this point. Here are some compelling reasons WHY I still hold SAPURA Energy shares:

Restructuring Plan: SAPURA Energy has implemented a comprehensive restructuring plan aimed at improving its financial position and operational efficiency. The plan involves debt restructuring, strategic divestments, and a focus on core businesses. These strategic initiatives, once fully executed, have the potential to enhance the company's profitability and long-term prospects.

WhiteKnight Investor: The presence of a WhiteKnight investor, who has shown confidence in SAPURA Energy's potential, can be a positive indication. The involvement of an experienced investor with industry networks and expertise suggests that there may be HIDDEN VALUE in the company that others may overlook. Their support and guidance can contribute to SAPURA Energy's turnaround efforts.

Potential for Market Recovery: The oil and gas industry has faced challenging market conditions in recent years, but there are signs of recovery. As global energy demand continues to grow, SAPURA Energy, with its expertise and established position in the sector, is well-positioned to benefit from any rebound in the industry. Holding onto your shares gives you the opportunity to participate in potential future gains.

Long-Term Growth Prospects: SAPURA Energy operates in a sector that is vital to global economic development. The company's core businesses, including exploration, production, and engineering services, have the potential for long-term growth as energy demands increase. By holding onto your shares, you can potentially benefit from the company's future success and value appreciation.

Cost Averaging: If you recently purchased SAPURA Energy shares at a higher price, cutting losses now would realize a loss on your investment. However, by holding onto your shares, you give yourself the opportunity to average down your cost over time. If the share price recovers, your overall investment position can improve, mitigating the impact of any initial losses.

Patience and Investment Horizon: DONT LISTEN TO THE RIP OLD INVESTORS. Investing in the stock market requires patience and a long-term perspective. Short-term market fluctuations are common, and it is important to evaluate your investment based on its long-term potential. If you believe in the fundamentals of SAPURA Energy and have a longer investment horizon, holding onto your shares may provide a better chance of realizing positive returns.

Diversification: It is important to have a diversified investment portfolio to spread risk and capture potential opportunities. By maintaining your investment in SAPURA Energy, you have exposure to the oil and gas sector, which can complement other investments in your portfolio. Diversification allows you to balance potential risks and rewards across different asset classes.

In conclusion, while the decision to cut losses or hold onto your SAPURA Energy shares ultimately depends on your individual circumstances and risk tolerance, there are compelling reasons to consider HOLDING onto your investment. The company's restructuring plan, the involvement of a WhiteKnight investor, the potential for market recovery, and long-term growth prospects all suggest that cutting losses may not be the best course of action. DONT LISTEN TO ME 100%, it is essential to conduct thorough research, monitor market conditions, and consult with a financial advisor before making any decisions.

Sapura Energy's restructuring plan, coupled with the support of its WhiteKnight investor, holds the potential for success and a brighter future for the company. Let's delve into the key elements of the restructuring plan, the role of WhiteKnight, and the reasons behind their potential for success:

Restructuring Plan: Sapura Energy's restructuring plan is a comprehensive strategy designed to address the company's financial challenges and create a sustainable business model. It involves debt restructuring, operational efficiency improvements, strategic divestments, and a focus on core businesses. By optimizing its operations and reducing debt burdens, the company aims to strengthen its financial position and improve profitability.

Debt Restructuring: A significant component of the restructuring plan is the management of the company's debt. Sapura Energy is actively engaging with its creditors to negotiate favorable terms, including extended repayment periods and reduced interest rates. By restructuring its debt, the company can alleviate financial pressures, improve cash flow, and enhance its ability to invest in growth opportunities.

Operational Efficiency: Sapura Energy recognizes the importance of operational efficiency to achieve sustainable growth. The restructuring plan emphasizes streamlining operations, reducing costs, and enhancing productivity. By optimizing resource allocation, eliminating redundancies, and implementing best practices, the company can improve operational effectiveness and profitability.

Strategic Divestments: As part of the restructuring plan, Sapura Energy plans to strategically divest non-core assets and businesses. This allows the company to focus its resources and efforts on its core businesses, where it has a competitive advantage and growth potential. The proceeds from divestments can be used to repay debts, strengthen the balance sheet, and invest in strategic initiatives.

WhiteKnight Investor: The involvement of a WhiteKnight investor brings additional support and expertise to Sapura Energy's restructuring efforts. WhiteKnight investors typically provide capital infusion, strategic guidance, and industry networks. Their participation signifies confidence in the company's potential and can facilitate access to new opportunities, partnerships, and markets.

Enhanced Financial Stability: The combination of debt restructuring, operational efficiency improvements, and strategic divestments is expected to enhance Sapura Energy's financial stability. Reduced debt burdens and improved cash flow will enable the company to navigate challenging market conditions, seize growth opportunities, and invest in research, technology, and innovation.

Positive Industry Outlook: The restructuring plan is being implemented in an industry with a positive long-term outlook. As global energy demands continue to rise, the oil and gas sector is expected to recover and expand. Sapura Energy's focus on core businesses aligns with the industry's potential, positioning the company to capitalize on market opportunities and deliver sustainable growth.

hi Bob still here? why ah? weekend pun u ada sini kan? apa bikin bob? haha

SAP beyond repair ya bob? So why u care? Why u here everyday bob?
Apa u bikin weekend bob? semua orang relax-relax you mcm sakit otak je hari-hari datang forum? no life beyond forum ke Bob?

No one here is panicking, Bob. The only person who seems to be panicking is YOU! You panicked and cut losses before, and now you're panicking because SAPURA maybe recover.

The shareholders have never been shouting "BUY BUY BUY." Instead, we encourage each other to HOLD. It's you who keeps panicking. Every day, you shout "SELL SELL" and urge others to cut losses.

so you will appear as long as liars around SAP? wow. hahahahahah
Have you checked every other stock on Bursa Malaysia for lies? Or are you specifically focused on SAP? There are thousands of other counters to consider yo know, so it's important to have a broader perspective. hahaha

wow so relax ah, boleh jadi polis dalam i3 forum tolong tangkap scammers.
bagus la, cucu tak balik kampung, boleh la spend masa dlm forum. acah-acah hero hahah

haha Huang, You are the one havent replied the BIG question.

WHY ARE U IN SAPURA FORUM EVERYDAY? GILA KE? OR SUDAH TUA NYANYOK?
cucu tak balik kampung ke ajak main? haha

sorry need to update haha

hi Bob & Huang still here? why ah? weekend pun u ada sini kan? apa bikin bob huang? haha

SAP beyond repair ya bob huang? So why u care? Why u here everyday bob huang?
Apa u bikin weekend bob huang? semua orang relax-relax you mcm sakit otak je hari-hari datang forum? no life beyond forum ke bob huang?

No one here is panicking, bob huang. The only person who seems to be panicking is YOU! You panicked and cut losses before, and now you're panicking because SAPURA maybe recover.

The shareholders have never been shouting "BUY BUY BUY." Instead, we encourage each other to HOLD. It's you who keeps panicking. Every day, you shout "SELL SELL" and urge others to cut losses.

I'm not always available on this forum 24/7 since, like most of you, We all have a life beyond this i3 Forum.

ONLY Bob and his geng have no Life Beyond this forum. everyday shout SAP Beyond repair. haha

Therefore, feel free to copy and paste my comment as a standard reply when dealing with the "cutloss group of people."

hi Bob still here? why ah? weekend pun u ada sini kan? apa bikin bob? haha

SAP beyond repair ya bob? So why u care? Why u here everyday bob?
Apa u bikin weekend bob? semua orang relax-relax you mcm sakit otak je hari-hari datang forum? no life beyond forum ke Bob?

No one here is panicking, Bob. The only person who seems to be panicking is YOU! You panicked and cut losses before, and now you're panicking because SAPURA maybe recover.

The shareholders have never been shouting "BUY BUY BUY." Instead, we encourage each other to HOLD. It's you who keeps panicking. Every day, you shout "SELL SELL" and urge others to cut losses.

No one here is panicking, Bob. The only person who seems to be panicking is YOU! You panicked and cut losses before, and now you're panicking because SAPURA maybe recover.

The shareholders have never been shouting "BUY BUY BUY." Instead, we encourage each other to HOLD. It's you who keeps panicking. Every day, you shout "SELL SELL" and urge others to cut losses.

SAP beyond repair ya bob? So why u care? Why u here everyday bob?
Apa u bikin weekend bob? semua orang relax-relax you mcm sakit otak je hari-hari datang forum? no life beyond forum ke Bob?

hi Bob still here? why ah? weekend pun u ada sini kan? apa bikin bob? haha

Why promoters non stop promote?
b. WE want bilis to HOLD and never sell tickets to syndicate

Why Sapura B40 non stop talk negative?
a. butthurt because YOU already cutloss

#AkuYangBeliKauYangPanas
#DahKenapa
#BukanBeliGunaDuitNenekKauPon

HARI-HARI SURUH ORANG CUTLOSS LAGI ANNOYING

Once I receive the latest updates, I will share them in this forum. In the meantime, let's stay patient and ignore the trolls.

#AkuYangBeliKauYangPanas
#DahKenapa
#AkuBeliGunaDuitNenekKauKe

Relax, Bon888. There's no need to worry because PNB still holds a 40% stake in Sapura.
The individuals who are spreading misleading information are simply trying to confuse you and potentially cause you to make hasty decisions resulting in losses.

There is no need for concern regarding PNB's holdings. They are currently occupied with WhiteKnight deals and exploring the possibility of a merger with MHB as part of the ongoing debt restructuring process.

A new extension will soon be announced, with the new deadline set for September.

kalau kau nak percaya sgt dgn website luar, kau pny pasal la.
bagi 100 website skali pun.

website BURSA MALAYSIA percuma ada tak nak guna. sibuk nk tgk website luar.
tengok SAPURA ENERGY, company Malaysia. bila nk check Data, cari 100 website luar.

nak Subscribe Bloomberg tak mampu, xde duit. hahah Huanghuang mangkok!

kau bukak la 8 ke 10 website yang kau share tu.
mostly akan tulis SOURCE: FactSet Research Systems Inc.

10 website, tapi source semua FactSet Research Systems Inc.
ape benda kau merepek ni.

dah la, pergi main dgn monyet. Ni aku cakap Melayu full 100% ni kau paham ke?
Ke nak aku speaking omputih? Mangkuk pny Huang.

penat nk explained. dia nk tgk filing date tu betul-betul MAY 2023. baru dia puas hati. mangkuk macam ni pun ada. dah aku malas layan, kalau kau x paham.
Cakap melayu x paham, cakap english x paham.
nk cakap bahasa apa ni? Monyet ke? aku x pandai. sorry. aku dlu belajar elok2. tapi x pernah sampai belajar bahasa monyet

Huang, tak guna kau bagi 100 website skali pun, kalau semua website kau pny info salah.
aku x perlukan 100 website utk buktikan apa yg aku cakap betul.

Eh? Tak letih ke huang? #AkuYangBeliKauYangPAnas #DahKenapa

ini summary OWNERSHIP SAPURA:

Sovereign Wealth Funds 41.4%
General Public 39.4%
Private Companies 13.3%
Individual Insiders 3.5%
Institutions 2.4%

General public pegang 39.4%!!!
banyak tu! Bilis byk pegang shares. Bilis x boleh tolak harga, tapi bilis boleh HOLD.

dekat mana lagi Syndicate boleh beli SAPURA?
insider x jual
PNB x jual
plg senang, beli dengan PUBLIC GENERAL yang pegang 39.4%!!

kene faham ni betul-betul.

Bon888,

Aku bukan nak suruh Bilis tolak harga. aku nak minta Bilis JANGAN JUAL.
Betul, Bilis memang tak boleh tolak harga, Tapi Bilis boleh HOLD, dan pegang kuat-kuat.

Aku tulis panjang-panjang utk Bilis baca & hadam. jangan mudah terikut-terikut "RIP SOON, BEYOND REPAIR, CONFIRM CLOSE SHOP, etc"

Yang tulis benda2 negative pasal SAPURA hari-hari ni kenapa? Tak letih ke? Share tak beli pon, nak SHORT SAPURA pun x boleh. Abis tu? kenapa hari-hari dtg Forum SAPURA bagi informasi yang salah? Nak suruh Bilis Jual ke?

Bon888 pun jual 50% SAPURA sbb misleading info dari geng2 Bobychai & Huang.
Itu Bon888, yg selalu dalam forum. yg luar forum? dia baca, terus percaya fitnah-fitnah Bobychai & Huang. terus Jual 0.035. Syndicate pun senyum dapat collect 0.035.

Sebab itu, aku akan lawan Scammer SAPURA dalam forum ni.
Scammer yang "konon" ambil berat dan PANAS everything aku tulis good news pasal SAPURA.
Scammer yang PANAS bila aku bagitahu information yg betul tentang SAPURA.

_______________________________________________________________
Posted by Bon888 > 15 hours ago | Report Abuse

DatoT20 tak payah susah tulis panjang lebar, ikan bilis di sini tak boleh dan tak mampu tolak harga SAP naik 0.005 pun.

Syndicate takde push, harga SAP tak boleh jalan.

Kita main sama itu Bobby Chai cukup.

aku post gibberish? bagi tahu post yg mana tu?

yang aku tahu, aku sibuk betulakan misinformation daripada puak-puak Haters yang tak beli shares tapi bising. kejap PNB hold 0.16% la, kejap PNB hold ONLY 28% je la. haha macam-macam. Ordinary & Preference pun x tahu. The Edge mmng macam tu, dia tulis 28% je, balance tu dia suruh kau baca elok-elok tafsir sndiri. The Edge pun tergelak kalau ada mangkuk yang betul-betul ingat PNB HOLD ONLY 28%. hahaha
letih la nak kene educate setiap org. Lepas tu tuduh DatoT20 Penipu!! haha senang nya

#AkuYangBeliKauYangPanas
#DahKenapa

dah berkali-kali bagi tahu. Kau ingt aku ni cap ayam ke?
Bro, kau kene check fakta kau 100x kali taw. make sure betul2 SAHIH dlu. baru cakap sini.
SAHIH tu taw ke apa? hahaha jgn buat malu pulak. Melayu x fasih, English x fasih. abis aku nk ckp bahasa apa? bahasa monyet ke baru Huang faham ni? hahaha

DatoT20 Penipu! PNB holding 28.26% ONLY!

Penipu! Penipu!

Rupanya, Huang tak habis belajar tadika. Dia tak faham Ordinary shares & Preference shares.

Cakap omputih dia x paham, xpe aku cakap melayu. Malaysian kan? xkan x faham Melayu? ke pelat lagi?

PNB tu 28% tu ordinary shares ye Huang. Balance 12% tu preference shares. Nanti....PNB boleh convert jadi Ordinary shares ye.

Paham tak ni? ke tak? hahaha

Huang shivering in a closet bila kantoi busuk dia tak tahu baca! haha
laju je nak tuduh aku penipu hahaha. oi pergi sekolah dlu! tadika dah habis ke belum? haha

TAK MALU KE HARI-HARI TUNJUK DIRI SENDIRI BOD**? huanghuanghuang.....

#AkuYangBeliKauYangPanas
#DahKenapa

HAHAHAHAHAAHAHAHAHAHAH Busted again?
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
________________________________________________________________
Huangbk72

Busted again... fake Nahtuk lies again...

Stumbled upon this news by TheEdge.. Article on March 2023, disclosed PNB holding 28.26% in SAP.

https://www.theedgemarkets.com/node/658901 ( Proven shareholding changed since July 2022)

Our blurred Nahtuk had the cheek to comment as below:

Again.. If dun know, dont post... easy to fact check everything you said.

Tomorrow more info will be added to the battalion of 6 websites showing changes in PNB/ASB holdings in SAP

According to an article from The Edge in March 2023: "Permodalan Nasional Bhd is currently the single largest shareholder of the group with a 28.26% stake, or 4.5 billion shares. The state-owned fund management company also holds the majority of the O&G player’s Islamic redeemable convertible preference shares (RCPS-i) of 2.35 billion units, or more than 98%, that it subscribed for in 2018."

I always remind you, if you want to engage with me, please check your facts and level of education. This is what happens when you're IGNORANT.

DO YOU UNDERSTAND OR NOT WHAT U READ? From the article, it clearly states that PNB holds 4.5 billion ORDINARY SHARES, which is 28.26%, and the remaining shares are 2.35 billion PREFERENCE SHARES. (4.5 + 2.35 = 6.85 Billion SHARES)

The total PNB holding in Sapura is 6 billion shares (ordinary + preference) which equals a 40% holding! NOT 28.26%!!! HAHAHAAHAH I thought I didn't have to explain this simple thing to you, HUANG

PNB hold 40%
9 MAY 2023
https://www.freemalaysiatoday.com/category/nation/2023/05/09/sapura-energy-mhb-merger-on-the-cards/

I am tired of having to correct you every day, HUANG. Why do you continue to embarrass yourself every day? First, you said that PNB only held 0.16%, then you claimed they held 28.26%. Let me educate you.

According to an article from The Edge in March 2023: "Permodalan Nasional Bhd is currently the single largest shareholder of the group with a 28.26% stake, or 4.5 billion shares. The state-owned fund management company also holds the majority of the O&G player’s Islamic redeemable convertible preference shares (RCPS-i) of 2.35 billion units, or more than 98%, that it subscribed for in 2018."

I always remind you, if you want to engage with me, please check your facts and level of education. This is what happens when you're IGNORANT.

DO YOU UNDERSTAND OR NOT WHAT U READ? From the article, it clearly states that PNB holds 4.5 billion ORDINARY SHARES, which is 28.26%, and the remaining shares are 2.35 billion PREFERENCE SHARES. (4.5 + 2.35 = 6.85 Billion SHARES)

The total PNB holding in Sapura is 6 billion shares (ordinary + preference) which equals a 40% holding! NOT 28.26%!!! HAHAHAAHAH I thought I didn't have to explain this simple thing to you, HUANG. It is clear that you don't understand what you read and simply call me a liar.

The total PNB holding in Sapura is 6 billion shares (ordinary + preference) which equals a 40% holding! NOT 28.26%!!!

TAK MALU KE HARI-HARI TUNJUK DIRI SENDIRI BOD**?
BACA LA BETUL-BETUL ARTICLE TU HUANG. TAK MALU KE? KESIAN BACA PUN TAK TAHU!
_________________________________________________________________
Huangbk72

Busted again... fake Nahtuk lies again...

Stumbled upon this news by TheEdge.. Article on March 2023, disclosed PNB holding 28.26% in SAP.

https://www.theedgemarkets.com/node/658901 ( Proven shareholding changed since July 2022)

Our blurred Nahtuk had the cheek to comment as below:

Again.. If dun know, dont post... easy to fact check everything you said.

Tomorrow more info will be added to the battalion of 6 websites showing changes in PNB/ASB holdings in SAP

PERGI SEKOLAH LAGI, BELAJAR BACA HUANG oiii....

HAHAHAHAHAHAHAHAHAHAHA HAUK PUNYA HUANG

If anyone has a different perspective, please feel free to share it with me. Shareholders of Sapura Energy are welcome to engage with me and contribute to a positive discussion in this forum.
Let's not pay attention to the B40Haters of Sapura. I will not tolerate any troll comments and remember to use OUR hashtag #AkuYangBeliKauYangPanas #DahKenapa.

So how much is 200-300 million barrels of oil worth?
As of May 11th, 2023, the price of oil is around $72 per barrel.

a) If we assume a conservative estimate of 200 million barrels, and SAPURA OMV owns 30% of the Kan exploration prospect, the total value of the oil discovery would be around $4.32 billion or approximately RM 18.2 billion.

b) If we assume a more optimistic estimate of 300 million barrels, SAPURA OMV's share would be around $6.48 billion or approximately RM 27.3 billion.

SapuraOMV announced in a Bursa Malaysia that drilling began in October 2022, and the target reservoir was successfully reached in January 2023.

On February 15, 2023, Sapura Energy received a formal letter from a white knight expressing support for its restructuring efforts to preserve the Malaysian oil and gas (O&G) industry.

The discovery of 200-300 million barrels of oil is a significant find, and it is likely that White Knight is aware of its importance.

https://www.thestar.com.my/business/business-news/2023/04/27/sapuraomv-partners-announce-oil-discovery-in-mexico

It is possible that the recent oil discovery made by Sapura Energy's partner Wintershall Dea in offshore Mexico's Block 30 could be a factor that influenced WhiteKnight's decision to save Sapura Energy.

The discovery, which may contain 200 to 300 million barrels of oil equivalent, is a significant milestone for the consortium and could potentially lead to increased revenue for Sapura Energy.

Sapura Energy's involvement in this consortium could bring in more contracts and projects related to the development of Block 30. This could lead to increased revenue for the company in the long term.

Furthermore, the discovery reinforces the attractiveness of Sapura Energy's license portfolio, which could make the company a more appealing investment opportunity for potential investors like WhiteKnight.

Disclaimer: The following writing represents my personal opinion as a shareholder of SAPURA Energy. The content is derived from the company's official announcements, market news, rumors, and gossip circulating in the market.

Sapura Energy, a leading oil and gas company in Malaysia, has been facing financial troubles for some time now. However, there is hope for the company in the form of a WhiteKnight (QATAR ENERGY) investor who is willing to invest in the company subject to the agreement of the schemes with the MCF financiers. Here are some reasons why it would make sense for a WhiteKnight to buy Sapura Energy:

1) Sapura Energy is undervalued: With a current valuation of only RM500 million, Sapura Energy is one of the cheapest assets in the world. This presents a great opportunity for a WhiteKnight (QATAR ENERGY) to acquire a company with significant potential at a very reasonable price.

2) Sapura Energy has valuable oil and gas reserves: Despite its financial troubles, Sapura Energy has billions of dollars in oil and gas reserves. This means that a WhiteKnight (QATAR ENERGY) can acquire a company with a substantial amount of valuable resources that can be developed and monetized over time.

3) Sapura Energy has technical expertise and experience: Sapura Energy has been operating in the oil and gas industry for over four decades, and has established itself as a leading player in the market. The company has valuable technical expertise and experience that can be leveraged by a WhiteKnight (QATAR ENERGY) to further enhance its operations.

For example, a WhiteKnight (QATAR ENERGY) could use Sapura Energy's expertise in offshore drilling to expand its own operations, or tap into the company's experience in the exploration and production of oil and gas to improve its own processes. Additionally, Sapura Energy's extensive network of partnerships and relationships within the industry can provide a WhiteKnight with valuable opportunities for growth and expansion.

Overall, the acquisition of Sapura Energy by a WhiteKnight (QATAR ENERGY) makes a lot of sense, given the company's undervaluation, valuable oil and gas reserves, and technical expertise and experience. It presents a great opportunity for a strategic investor to acquire a quality asset at a very reasonable price, with the potential for substantial long-term returns

#AkuYangBeliKauYangPanas
#DahKenapa

Sweetkeledek:

Thank you. I am glad that you found my sharing helpful. I always appreciate hearing different perspectives and sharing knowledge. It's unfortunate that some people prefer to trolling when they don't have any factual or accurate information to share.

The rest of SAPURA shareholders, let's continue to focus on productive conversations.

#AkuYangBeliKauYangPanas
#LetsFightForSAPURA
#LetsFightScammers
#TakBeliSharePunTapiPanasDahKenapa

Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors. https://www.klsescreener.com/v2/announcements/view/4750927

What is Proof of Debt exercise?
The Proof of Debt exercise represents the final amount that the vendors have agreed with Sapura Energy and submitted to the court. Prior to this exercise, Sapura Energy negotiated with the vendors to determine the terms and final amount owed. Initially, the debt was at RM5 billion, but through negotiations, it was reduced to RM1.5 billion. Once both parties agreed on the RM1.5 billion amount, they proceeded with the Proof of Debt exercise in court.

Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.

Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.

Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.

Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.

#AkuYangBeliKauYangPanas
#LetsFightForSAPURA
#LetsFightScammers
#TakBeliSharePunTapiPanasDahKenapa

The Proof of Debt exercise represents the final amount that the vendors have agreed with Sapura Energy and submitted to the court. Prior to this exercise, Sapura Energy negotiated with the vendors to determine the terms and final amount owed. Initially, the debt was at RM5 billion, but through negotiations, it was reduced to RM1.5 billion.

Once both parties agreed on the RM1.5 billion amount, they proceeded with the Proof of Debt exercise in court.

KAU X PAYAH SEMBANG, KAU PUNYA TOP 10 SHAREHOLDERS PUN SALAH.
PNB HOLD 0.16%? hahahahahahaha puiii..

Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors. https://www.klsescreener.com/v2/announcements/view/4750927

Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.

Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.

Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.

Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.

#AkuYangBeliKauYangPanas
#LetsFightForSAPURA
#LetsFightScammers
#TakBeliSharePunTapiPanasDahKenapa

#AkuYangBeliKauYangPanas
#DahKenapa

Before vendors agreed to a haircut, some people expressed skepticism, saying things like, "No way! Nobody in their right mind will accept a haircut. What's the point? Just wind up the company and pay the creditors."

Now that vendors have agreed to a haircut from 5 billion to 1.5 billion, some of those same people are changing their tune and saying things like, "I never said they wouldn't take a haircut. Even with a haircut, the debt will keep growing."

HAHAHAHAHAHAHAHAHAHAHAHA.

SUDAH LA.

#AkuYangBeliKauYangPanas
#DahKenapa

Extending the deadline is a good move to finalize everything. The fact that vendors have agreed to take a haircut from RM5 billion to RM1.5 billion is fantastic news - I didn't expect the haircut to be this significant.

Now, the only thing left is to negotiate with the bankers on how much to bring the RM10 billion down to - RM7 billion, RM5 billion, RM3 billion, or RM1 billion?
Perhaps longer payment terms could be discussed as well.

#AkuYangBeliKauYangPanas
#DahKenapa

Haters in SAPURA forum said that creditors will never take a haircut is a joke. This recent development serves as proof that what I have been saying for the past few months is true - creditors are willing to accept a haircut.
Rm5 bil down to Rm1.5 bil
Next RM10 bil.....

#AkuYangBeliKauYangPanas