You got unlimited funds to buy? Jangan beli only 1-2 biji! Hehehe...

Not moving!?!
If we look at stats :
52 Weeks Range: 0.105 - 0.195
4 Weeks Range: 0.165 - 0.195

Its Uptrend! And almost doubled! ;)

For trading, probably gotta wait till oil >US70. Then will fly!

Its ideal as investment, its not a trading stock.

If its not because of low global brent oil , may not have the opportunity to buy at such low price like now. Oil counters had always been expensive!

Reason hard to gap up is global brent oil is still down. It does move each time its awarded contract, no?

HLG near term TP is 0.21

10Bergkamp Noted with thanks!

Gogogo Dnex! Huat huat huat!

I’m still holding. Any news on Ping acquisition? Done?

What is the findings of our HR Ministry ? Got clear our nama baik?

After bonus RM5?

Is so good why only 1/10 PMetal price?

pitanha88 what litigation? TDM involved in healthcare?

PMetal better right?

Born yesterday, insiders ady jual!

Can’t lockup the world forever! And to travel the world needs OIL and GAS! So OnG is a no brainier buy!

Great news! Can expect many more to come! :)

Gold And Oil Seem To Have Completed Their Correction
By FxPro Financial Services Ltd (Alexander Kuptsikevich)Commodities
Apr 02, 2021 04:17AM ET
Brent once again found support on the downside to its 50-day moving average and gained more than 3% by Thursday's close. Further improvement in the macroeconomic outlook could continue to push the price higher and bring Brent back above $70 in April.
https://www.investing.com/analysis/gold-and-oil-seem-to-have-completed-their-correction-200570947

Velesto to tender for more contracts

ENERGY
Thursday, 25 Mar 2021


“There is an increase in the global oil and gas activities including the drilling sector where a number of contracts have been awarded in the last three months, ” Velesto said.

KUALA LUMPUR: Drilling company Velesto Energy Bhd is hopeful of securing new contracts as it notes that a number of new drilling contracts have been awarded in Malaysia and more tenders are under evaluation.

“The group is participating in most of the tenders, in addition to a number of tenders in Asean.

“There is an increase in the global oil and gas activities including the drilling sector where a number of contracts have been awarded in the last three months, ” it said.

Petronas announces new oil and gas discovery in offshore Miri
Tan Siew Mung
/
theedgemarkets.com

March 30, 2021 09:47 am +08

-A+A
KUALA LUMPUR (March 30): Petroliam Nasional Bhd (Petronas) today announced a new oil and gas discovery in the Sirung-1 wildcat exploration well under the Block SK405B production sharing contract (PSC), located in the shallow waters of the Balingian province, about 237 kilometres off the coast of Miri, Sarawak.

The state-owned oil and gas firm said in a statement that the Sirung-1 exploration well was successfully drilled to a total depth of 2,538 metres in February 2021.

“The discovery of the significant oil and gas column — exceeding 100 metres within the Oligocene to Middle Miocene sandstone reservoirs — further validates the potential of the Balingian province, with remaining prospects yet to be explored,” it said.

Petronas said that PTTEP Sarawak Oil Ltd as the operator holds a 59.5% stake. MOECO Oil (Sarawak) Sdn Bhd holds 25.5%, while Petronas Carigali Sdn Bhd, a subsidiary of Petronas, holds the remaining 15% participating interest in Block SK405B.

The PSC was signed in November 2017 as a result of the Malaysia Bid Round (MBR) 2015.

Petronas vice-president of exploration and upstream Emeliana Rice-Oxley said the Sirung-1 discovery further proves the presence of oil, especially in the under-explored deeper play within the Balingian province.

“This came after similar success in an infill well at the D18 Field. We are well positioned to pursue a similar play in the other two neighbouring blocks in the same province, namely Blocks SK411 and SK306. As such, developing this block and other surrounding areas remains an integral part of Petronas and our partners’ long-term growth plans.

“We are very encouraged by the continued success with our partners in the consecutive discoveries this year in Malaysia and remain optimistic about our exploration activities in 2021,” she said.

For the MBR 2021, Petronas said, it is offering 13 new opportunities in the prolific basins of Malaysia accompanied by enhanced fiscal and non-fiscal terms. The initiative is part of Petronas’ continuous efforts to grow with its partners in Malaysia.

Surin Murugiah

https://www.theedgemarkets.com/article/new-oil-and-gas-discovery-offshore-block-sk405b-miri-petronas

Petronas strikes oil again! :) New opportunities!
https://www.malaymail.com/news/money/2021/03/30/petronas-new-oil-and-gas-discovery-at-offshore-block-sk405b-off-miri/1962240

Aiya, just invest lah, run here run there for 1-2 sen for what! Traders remember declare profit to IRB, you are under the radar now! I’m not joking.

So after pp listed worth how much? May top up only then.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3140961

With more attacks on refineries, shortage is inevitable. And price will eventually go up. Sabar.

https://www.thestar.com.my/business/business-news/2021/03/22/undervalued-blue-chips-glove-oil-and-gas-stocks-to-attract-interest
Besides, frequent airborne assaults on Saudi Arabia’s, world’s second largest oil producer after the United States, oil facilities by Iran-backed Houthi rebels should provide some upside volatility for crude oil prices.

After the most recent attack on Ras Tanura oil refinery, another airborne assault was witnessed last Friday on an oil installation in Riyadh.

The official Saudi Press Agency said there were no injuries or damage without naming the affected site.

Subsequent to the attack Brent crude oil prices rose 1.98% to US$64.53 last Friday.

Also, QR maybe BAD with MCO and all last yr early this yr. Any good news is bonus/ windfall to us investors here! :)

The news /info we share here are meant for long term investors. Not inviting punters to trade. Buy at own risks! Btw Oil is not recovering anytime soon! :(

Being awarded contract is much much better than not being awarded anything and no biz like some other unlucky counters right? Must learn to count blessings, bersyukur my frens!

Warned u guys long ago, this counter is for long/mid term investors only. Traders/ speculators/ gamblers pls stay away for your own good! This counter is vvvvery sloooow. Jual awal2 jika tak boleh tahan, ya!. :)

Trading ideas: Widad, Macpie, NTPM, Velesto, Boustead, Genting Malaysia

ANALYST REPORTS
Monday, 22 Mar 2021
9:04 AM MYT
https://www.thestar.com.my/business/business-news/2021/03/22/trading-ideas-widad-macpie-ntpm-velesto-boustead-genting-malaysia

Buy call from Maybank Invest : TP 30 sen :))

Velesto job wins could be start of recovery in jack-up rigs space

https://www.thestar.com.my/business/business-news/2021/03/22/velesto-job-wins-could-be-start-of-recovery-in-jack-up-rigs-space

Monday, 22 Mar 2021

9:08 AM MYT

KUALA LUMPUR: There could be an ongoing lift to Velesto Energy Bhd's jack-up rigs utilisation over the next 12 months amid the start of a recovery in the space. Maybank Investment Bank Research said with two job wins in 1Q21, this was the start to a turnaround beginning in 2H21. "For that, we raise our EV/ replacement value to 1x (mean valuation) vs. 0.7x previously (-1SD) to reflect a cyclical recovery outlook. "This equates to a higher TP of MYR0.30 (vs. MYR0.13 previously)," it said while reiterating its "buy" call. It said the group's sub-par financials have already been priced in with upcoming 4Q20 results expected to be poor and the underperformance extending into 1H21 due to low utilisation. The research house has maintained its estimates with utilisation rates of 64%, 60% and 74% for FY20, FY21 and FY22 respectively. Velesto has secured two contracts from Petronas Carigali Sdn Bhd for the provision of jack-up rigs. Naga 2 is assigned to drill three firm wells with expected commencement date between May 15 and June 2021. Naga 5 will drill one firm well with the option of a 1+1 well programme. Naga 5 operations will commence in April 5. All in, the firm contracts minus extension are worth US$20.8mil.

TA for those who knows how to read! ;)
https://www.thestar.com.my/business/marketwatch/stocks/?qcounter=VELESTO

Velesto wins contract from Petronas Carigali

ENERGY
Saturday, 20 Mar 2021
https://www.thestar.com.my/business/business-news/2021/03/20/velesto-wins-contract-from-petronas-carigali

The contracts are for the procurement of services of two jack-up rigs, namely Naga 2 and Naga 5, it said in a statement.

KUALA LUMPUR: Velesto Energy Bhd has secured contracts worth US$20.76mil (RM85mil) from Petronas Carigali Sdn Bhd for jack-up drilling services.

The contracts are for the procurement of services of two jack-up rigs, namely Naga 2 and Naga 5, it said in a statement.

Naga 2 is a premium independent-leg cantilever jack-up rig with drilling depth capability of 30,000 feet and has a rated operating water depth of 350 feet.

It has been tasked to drill three firm wells starting May 15.


Meanwhile, Naga 5 has been contracted to drill one well, with an option for another, starting April 1.


Naga 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.

Thanks IronShirt for GREAT NEWS! Huat ohhhhh!

IronShirt https://malaysiastock.biz/Company-Announcement.aspx?id=1303941

OTHERS LETTER OF AWARDS FOR THE PROVISION OF JACK-UP DRILLING RIGS (NAGA 2 AND NAGA 5) FOR PETRONAS CARIGALI SDN. BHD.

VELESTO ENERGY BERHAD

Type Announcement
Subject OTHERS
Description LETTER OF AWARDS FOR THE PROVISION OF JACK-UP DRILLING RIGS (NAGA 2 AND NAGA 5) FOR PETRONAS CARIGALI SDN. BHD.
1. INTRODUCTION

The Board of Directors of Velesto Energy Berhad (“VEB”) is pleased to announce that Velesto Drilling Sdn Bhd (“VED”), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of VEB, has received two (2) Letter of Awards from PETRONAS Carigali Sdn. Bhd. (“PCSB”), for the provision of jack-up drilling rig services (“Contracts”).

The Contracts are for the procurement of services of two jack-up rigs, namely “NAGA 2” and “NAGA 5”, with an estimated combined contract value of USD20.76 million.

Details of each of these contracts are summarized as below:

2. DETAILS

2.1 Provision of Jack-Up Drilling Rig “NAGA 2”

For the provision of Drilling Rig Services for PCSB’s Drilling Programme, VEB Group assigns its NAGA 2 to drill three (3) firm wells, with expected commencement date of between 15 May 2021 to 15 June 2021.

NAGA 2 is a premium independent-leg cantilever jack-up rig with drilling depth capability of 30,000 feet and has a rated operating water depth of 350 feet.

2.2 Provision of Jack-Up Drilling Rig “NAGA 5”

For the provision of Drilling Rig Services for PCSB’s Drilling Programme, VEB Group assigns its NAGA 5 to drill one (1) firm well with an extension option of one (1) plus one (1) well, on the same terms and conditions with expected commencement date, between 1 April 2021 to 14 April 2021.

NAGA 5 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.

3. INFORMATION ON PARTIES

3.1 Information on Velesto Drilling Sdn. Bhd.

VED was incorporated in Malaysia under the Companies Act, 1965 on 29 July 2003 and is deemed to be registered under the Companies Act 2016. VED is principally involved in the offshore drilling business and operations and other engineering services for oil and gas exploration, development and production in Malaysia and overseas.

3.2 Information on PCSB

PCSB, a wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS), is a leading exploration and production (“E&P”) company taking on increasingly challenging projects to bring new oil and gas supplies to the market. PCSB was incorporated in Malaysia under the Companies Act, 1965 on 11 May 1978 and has its registered office at Tower 1, PETRONAS Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia. The principal activities of PCSB are the exploration, development and production of oil and gas.

4. FINANCIAL EFFECTS

The provision of the above-mentioned services is expected to contribute positively to the earnings and net assets of VEB Group during the contract period for the financial period ending 31 December 2021.

5. RISK ASSOCIATED WITH THE CONTRACTS

The risks associated with the execution of the Contracts are operational and execution risks, which will be mitigated and/or managed by VED, a company with a proven successful track record of undertaking drilling programmes.

6. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST

None of the Directors and/or the substantial shareholders of VEB and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect in the above Contracts.

7. STATEMENT BY DIRECTORS

The Board of Directors of VEB is of the opinion that the acceptance of the Contracts herein is in the best interest of VEB Group.

This announcement is dated 19 March 2021.

Traders better stay away from this counter la... it’s better suited for investors.

All mega projects are long term... no?

Abba84, Existing contracts and pp should cover all such expenses la...

E-passport and E-visa Market Set to Witness an Uptick During 2021 | Worldwide Top Players – E-passport and E-visa market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, etc
https://neighborwebsj.com/coronavirus/4851633/e-passport-and-e-visa-market-set-to-witness-an-uptick-during-2021-worldwide-top-players-e-passport-and-e-visa-market-is-segmented-by-region-by-country-company-type-application-and-by-sales-cha/

E-passport and E-visa Market Anticipated to Booming Worldwide withCasa da Moeda do Brasil
Photo of steven stevenMarch 18, 2021

https://ksusentinel.com/2021/03/18/e-passport-and-e-visa-market-anticipated-to-booming-worldwide-withcasa-da-moeda-do-brasil/

A portion of the significant market players that are recorded in the report are: Casa da Moeda do Brasil, Shanghai Mite Speciality & Precision Printing, Istituto Poligrafico e Zecca dello Stato, Polish Security Printing Works, India Security Press, Semlex Group, Beijing Jinchen Cvic Security Printing, Bundesdruckerei, Canadian Bank Note, Japan National Printing Bureau, Iris Corporation Berhad, Gemalto, Morpho, Royal Mint of Spain, Veridos, Goznak

e-Passports Market Sets the Table for Continued Growth | Gemalto, Morpho, Iris
Published On: March 16, 2021
https://www.cabellstandard.com/uncategorized/26890/e-passports-market-sets-the-table-for-continued-growth-gemalto-morpho-iris/

https://www.theedgemarkets.com/article/malaysias-oil-and-gas-industry-recovery-cycle-says-aminvestment

Malaysia's oil and gas industry in recovery cycle, says AmInvestment
Bernama March 18, 2021 12:19 pm +08
https://www.theedgemarkets.com/article/malaysias-oil-and-gas-industry-recovery-cycle-says-aminvestment
“While this is below the earlier 2020 target of 26 rigs, we expect Velesto Energy Bhd to experience improving asset utilisation towards the second half of the year,” said AmInvestment Bank.

Even Watten Buffet bet on OnG! Hold your ticket tight tight!!!

https://oilprice.com/Energy/Natural-Gas/Did-Warren-Buffett-Anticipate-A-Bull-Run-In-Natural-Gas.html

Biden’s Energy Agenda To Reduce Oil Production And Boost Prices
By Irina Slav - Mar 16, 2021, 7:00 PM CDT
https://oilprice.com/Energy/Energy-General/Bidens-Energy-Agenda-To-Reduce-Oil-Production-And-Boost-Prices.html

EIA expects crude oil prices to rise through April because of lower OPEC production
MARCH 17, 2021
https://www.eia.gov/todayinenergy/detail.php?id=47176

@BLee This is epassport counter! When border reopens, every1 will b flying... global biz will boom boom kaboom! Many long term investors waited for this moment infact! Sure u wanna sell then?! ;)

Another point is, the complete systems should be in place in 4 years, so shouldnt sell nearer to deadline cos after that revenue will start to roll in! Imho, its good for mid/long term investment. Happy investing! :)

Even if its pumped up, it could be justified - it won a mega project! Solid reason, it definitely is worth at least earlier 45 sen! If breakout of 45 sen, that price will be future support level. ;)

NOSH =3bil ! Need huge # of ticket! Slowly but surely go up better. Not Easy Pump and Dump With solid Foundation.

IbnuShaari Not necessarily the recent PP batch throwing. There are investors who bought at a very low 7 sen at start of 2020MCO. Maybe earned enough. Everyone TP is different, some earned 50% sell, some earned 200% throw, some earned 300% still keep .... Many long termed investors here. :) Liquidity is good here. Some counters cant sell/buy easily....