Don't keep your 191% too long, stock market unpredictable anything can happen in upcoming months...example Bumi Armada. Just my 2c.

Report said it took 6 months to repair the malfunction transformer....true or false?

Any expert here?

Fpso Kraken shut down due to malfunction transformer. Takes at lease 1 to 2 month to get it run back. Luckily I already disposed few month back at 0.68c. Now all in Velesto.

Look at bumi Armada today's performance...sky diving man. 0.64c to 48.5c. Adoi!

Sabar sabar. Slow but steady.

https://www.wsj.com/video/watch-saudi-arabia-cuts-oil-output-following-opec-meeting/8F6E12C6-3851-4781-B985-D65BC7B27F80.html

Saudi voluntary cut output despite other opec+ countries stick with previous plan. Saudi want to maintain crude oil price above usa 80/ barrel....very good sign for DCR.

As I said 0.40 is not a dream reality..

End of oct most probably touch 0.40c..not dream reality

Those who dream for 10c ticket must be disappointed now..🤣

😀

Past 2 years they're laterally out of free cash flow. This year mtd, just 3months alone they already generate free cash flow. Cash is king. Long term borrowing from 1bil to < 300mil (around 288mil). Velesto management keen to settle long term debt ( I dont why but there must be some reason). Receivable and inventory - customer still own them around 700mil. I believed the free cash flow will increase double after 2nd qtr onward. My 2c (Just do rough calculation)

Are you new in stock market friend. Why listening to others. Do your own research bro. Stock sure got sell & buy

Tarak turun lah 0.10c apalah lu org mangkuk ayun betui. Ckp berapa kali tak erti bahasa. Give me one reason why should go down to 0.10c despite qtr earning. Bursa will issue UMA enquiry already. This is not covid pandemic time lah. Mid to long term holder no issue intra trader kena kaw kaw lah tu pasai meroyan. Yang complaint bnyk2 ni mungkin kais pagi mkn pagi kot. Lol

7113 - Must wait for another pandemic..😀

This contract still pending for announcement.
Maybe soon...

Thailand’s national upstream company PTTEP is ramping up exploration on Block SK 405B offshore Sarawak, East Malaysia, which hosts the operator’s Sirung oil and gas discovery that is under appraisal as part of a proposed cluster development.


PTTEP appraising Malaysian discovery, eyes cluster development
Read more
PTTEP has brought in another rig — Velesto Energy’s jack-up Naga 3 — to the block to imminently spud the Chenda-1 wildcat offshore the northwest coast of Borneo. The Chenda-1 exploration well is expected to take six weeks to complete. This latest probe on Block SK 405B is being supported by three Malaysia-flagged vessels: the large anchor-handling tug supply vessel JM Ehsan, and the very large AHTS vessels Sealink 178 and Sealink 179

If you can get 0.18c or 0.19c consider you are lucky.

0.15 impossible. No return back, hi - story..haha!

Just want to kill contra players only...be patience opportunities to accumulate.

0.16c yum yum buy more. Pak tak looo!

It wont go below 0.20c relax. Just flushed out weak holder/contra...later will rise back. Time to accumulate. Don't panic easily. Hahaha! Semua takut jer

This is time to collect..

Amanah hold big percentage, how can they cabut lari..you'll adoi! Lol

Don't run lah. Why want to run. Just sell on news only or what ever, temporary only. Velesto back on track. Things might be different after the 2nd qtr. Think in out of the box. 2nd qtr trust me will generate more income and strengthen their cash flow. Soon more institutional will join in..2c

😀

Velesto Net profit 14mil for 1st qtr. That's ok just a beginning. 2nd qtr expected to increased further since DCR rate also increased

Not officially announce yet to bursa. So we must ruled out this first. My 2c.

trade74
PTTEP work was not listed in Macgyver11 summary. Maybe an earlier contract kot

Qtr announcement maybe today or 2morrow...final countdown.

Cannot say like that also. Look at transaction before the last qtr announcement, volume very and price spiked up very fast but qtr turn out bad....boom! Price plunged from 0.26c to 0.19c.

https://youtu.be/9jK-NcRmVcw

reener

VELESTO is optimistic about the new contract
Sinchew Mon, May 22, 2023 09:03am - 7 hours




Xiao Chen from Kuala Lumpur asked: What is the latest business progress of VELESTO Energy (VELESTO, 5243, Main Board Energy Group)? How good is the prospect? Can I buy it?

Answer: VELESTO Energy recently announced that it has won the contract awarded by PETRONAS Carigali. Its three jack-up drilling rigs Nage3, 4 and 6 will be responsible for drilling up to 20 oil wells. The total value is US$128 million (approximately RM569.536 million), or equivalent to US$128,000 per day.

As the demand for jack-up drilling remains strong, analysts are optimistic that the utilization rate of VELESTO Energy's drilling rigs will exceed 80% this year and the daily rental fee will exceed expectations, so the financial forecast has been raised.

Don't forget that they received another contract from Petronas this year valued MYR 580mil. Overall they have order book around 1.3 to 1.5 bil in hand, correct me if I'm wrong. Just 2c

Let's review back Velesto contracts whether it can contribute to positive earning in up coming qtr rather than assuming....

1) 1/2/2023
Velesto awarded short terms contract from ROC oil sarawak.
Contract value: 14mil (about MR 64mil)
Rig deploy; Naga 2
Contract duration: 25/1/2023 to 25/2/2023

2) 7/11/2022
Contract from; Hess exploration Malaysia
Value: usd 135mil ( MR: 613mil)
Rig deploy: Naga 5
Duration; 2022 to 2024
Commencing date: Q4 2022 (September 2022 onward)
Area: North malay basin (14 well)

3) 25/8/2022
Contract from: Petronas- plug & abandonment integrated service for Tembungo A
Value: not mentioned
Duration: 21 months
Commencing date: May 2022 to January 2024
(Tembungo B - start January 2024 to December 2024)

4) 11/3/2022
Contract from: Drilling program from Petronas (on call-out basis)
Value: Not mentioned
Duration: 2 years
Commencing date: 1st qtr 2022

5) 22/2/2022
Contract from: ExxonMobil Malaysia
Value: Not mentioned
Rig deploy: GAIT 6
Duration: 1 year
Commencing date: third qtr 2022 (September 2022 onward)

Every contracts that they received last year might visible in this year earning especially the contract from Hess carigali, its value is huge...

Hope sin gor prediction might come true..

Looking at the price trend, I think most probably qtr will announce earlier

IB ckp tak serupa semua buaya. We wait for qtr result out first. If qtr result excellent then IB change tp again if not they put bad comments and downgrade it. Bottom line our fate depends on up coming qtr. I hope velesto return to black.

Be humble. Don't celebrate too quickly. Stock market unpredictable.

Bon888

I'm going to make big money in this counter soon. Are you jealous Dumb and old Bob?

Besok betul -betul engine start punya...

https://www.klsescreener.com/v2/announcements/view/4808419

Another contract from Petronas worth usd 128mill...caaaaaantik!

Hopefully.

Velesto so steady.

Auto cruising now. Expected great QR result by end of this month.

Later EPF also sapu. Buckle up and just enjoy the ride along with them.

2019 glory coming...

Non of the Velesto employees subscribe ESOS so Megat Zariman grab it all. Don't care what is his intention but bottom line is good coz Director buying.

OPEC output cut plus depleted in crude oil inventory will worsen more the situations. This can easily push up the oil price back to usd100.....

Crude oil inventories in the United States fell by big numbers again this week, shedding 4.346 million barrels, the American Petroleum Institute (API) data showed on Tueday, with analysts expecting a smaller 1.8 million barrel draw.

The total number of barrels of crude oil gained so far this year is still more than 49 million barrels.

This week, SPR inventory dropped for the first time in 12 weeks, losing 400,000 barrels to reach 371.2 million barrels—the lowest amount of crude oil in the SPR since December 1983.

success2628Walaoeh, Oil price spike up Like mad !
Brent closed at=> $84.93 +5.04 +6.31%

Waa! So long didn't hear from you success

Where is Calvin the syndicate. Calvin hide here kah...

Brent usd 84. OPEC makes another output cut next month onward..

Oil closed usd79.95/ barrel last week. Another plus point for velesto. Let see what's oil price performance on Monday.

PNB still the major shareholder. Unless PNB dumping then something wrong. Now no need to worried. Why don't you ask PNB boss to buy your solid counter(TSH)...hahaha!

So what. Of course they need to disposed some shares lah. Cannot be always buy mah or hold only, they also need to make some money to pay their shareholders. Amanah raya Malaysia under PNB lah..you don't know meh. Recently PNB announced dividend payout 1.64bil. Just change hand only, right to left or else who want to buy such hugh amount in open market. You don't know how to pull the crowd to tsh, now you create story to tarnish this counter. Come on lah remember you are pastor...you mind and soul must clean don't be dirty mindset.

Calvin, Either you're in wrong blog or just wake up from coma. If you want to talk about tsh go to tsh blog lah. Solid rock your head man.