Brazilian FPSO ticks first oil milestone off its list before ringing in new year

https://www.offshore-energy.biz/brazilian-fpso-ticks-first-oil-milestone-off-its-list-before-ringing-in-new-year/

Following the authorization of the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) for the start of operations of the FPSO Atlanta, the first oil was produced on December 31, 2024, through the Atlanta Definitive Production System.

Use Google Translation App to translate from Portuguese to English
FIRST OIL FOR ATLANTA WAS ACHIEVED!

https://x.com/AvisosDaBolsa/status/1874246635313913950/photo/1

BRAVA

energy

BRAVA ENERGIA S.A

CNPJ/ME nº 12.091.809/0001-55

MY 33,300,294,597

MATERIAL FACT

FPSO ATLANTA PRODUCTION BEGINS

BRAVA ENERGIA S.A. ("BRAVA" or "Company") (B3: BRAV3), pursuant to CVM Resolution No. 44, in continuation of the Material Fact disclosed on December 30, 2024 regarding the authorization of the National Agency of Petroleum, Natural Gas and Biofuels ("ANP") for the start of operations of the FPSO Atlanta (Definitive System), informs its investors and the market in general that the first oil was produced today through the Atlanta Definitive Production System. With this milestone, BRAVA becomes the first independent oil and gas company in the country to develop a deepwater production system from its initial phase, within the expected budget and the deadlines established for drilling the wells, installing the initial equipment and construction of the FPSO.

Production at FPSO Atlanta begins through wells 6H and 7H, which are currently stabilizing, while the Company continues with the connection campaign of the four remaining wells (2H, 3H, 4H and 5H), with completion expected by the second quarter of 2025. FPSO Atlanta has the capacity to produce up to 50 thousand barrels of oil per day, treat 140 thousand barrels of water per day and store up to 1.6 million barrels of oil. Production details will be updated in the Company's monthly Production Release.

Finally, Brava reinforces its commitment to keeping its investors and the market in general properly informed, in line with best corporate governance practices and in strict compliance with current legislation.

Rio de Janeiro, December 31, 2024

Rodrigo Pizarro

CFO and Investor Relations Director

ri.bravaenergia.com

@jjohnchew

maybe they can sell all the treasury shares to an institutional fund when or if the share price goes up after the last FPSO hit first oil. Then use the new profit made to fund a new FPSO without debt. who knows.

https://x.com/AvisosDaBolsa/status/1873752101731565962/photo/1

from Brava Energia official statement

BRAVA ENERGIA SA - ANP authorization to start production at FPSO Atlanta

FPSO starts production already, now wait for first oil in coming few days.

https://visnoinvest-com-br.translate.goog/news/5484/brava-energia-recebe-autorizacao-para-iniciar-producao-no-fpso-atlanta?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp

Brava Energia ( BRAV3 ) announced this Tuesday (30) that it received authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to start production at FPSO Atlanta, its definitive offshore production system.

According to the relevant fact disclosed by the company, the authorization was granted on December 30, 2024. With regulatory approval, the company has already begun the mobilization process to begin production operations in the coming days.

The announcement represents an important milestone for the Atlanta project, which had its last update released to the market on October 21, 2024. The implementation of the definitive production system through the FPSO Atlanta is part of the company's offshore asset development strategy.

Brava Energia reaffirmed its commitment to best corporate governance practices, keeping its investors and the market informed about relevant developments in its operations, in compliance with current legislation.

they got mall too
https://www.malaysian-business.com/index.php/wordpress/item/9166-the-campus-kuala-lumpur-s-latest-community-mall-unveils-an-adaptive-reuse-concept-redefining-the-future-of-community-retail-in-malaysia

very very disappointed with yinson. waste time.

Q124 was 12 months ago

the question is will they continue to load up with debts or will they take a break? lim kept saying this has never been a good time for fpso co, and we all know what happened to the greedy dog crossing the river. just because it is a good time doesn't mean loading up more debt is a good idea. yinson needs to take a break.

Yinson Production and PTSC joint venture wins FSO contract with a subsidiary of Murphy Oil Corporation for the Lac Da Vang project in Vietnam

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=153271&name=EA_GA_ATTACHMENTS

The Chinese (China) are eating the Japanese for lunch, from cars to white goods. I always buy Panasonic because it last very long, but sometimes I felt they are really outdated. Look at the design of their fans, dont know how many million years liao still same design, I know making new mould cost money but come on, so outdated. Then the aircond... why must pay to buy the wifi thing? Most chinese air cond comes with wifi connection build in. really outdated. for those that says no need wifi, yes, but if you have a baby and you are on your way home, and the baby is sleeping in the car, coming home to a cooling room allows the baby to continue to sleep... thus, wifi makes sense.

big boss never diversify... how much profit from dyson? is it 90%? if dyson tomorrow says they dont renew contract and move to vietnam and philipines... skp will collapsed. so many years, since 2016... 2 more years will be 10 years... never took the profit and venture or find new big customer...

unless they found new ways to grow, PE47 is crazy high for something that reached it's terminal value and growth market. if nothing is done, no new business venture, it will gradually slide down below RM1. when? i dont know.

i hold and sold skp for a loss, for years, i read the qr report and attended the agm... all the time got people ask the same question - when want to diversify? and always get same answer, they are trying...

For those in the dark. This was reported 4 days ago:
https://theedgemalaysia.com/node/734795

And who is one of the big Dyson Hair Dryer EMS in Malaysia? You've guessed it.
https://theedgemalaysia.com/article/skp-resources-bags-rm2b-dyson-hairdryer-contract

Post removed.Why?

free warrant, no wonder price stays so strong for so long... insider buying and ready to sell if it spikes. years of investing... i know after ex-date, price will drop as many will take the opportunity to sell.

last time price went up before any news got out creado is investing in one of the subsidiary, now price goes down before qr... been investing for years, this kind of movement most probably (not 100%) shows coming QR is and will be not so good.

same thing like pchem, insider knows already and throwing before QR comes out. huge forex losses?

question is, can it drop somemore? RM3.80 possible?

https://theedgemalaysia.com/node/734642

Going forward, Petronas Chemicals said it expects product prices for olefins and derivatives to be soft due to weak seasonal downstream demand and ample supply amid upcoming new capacity in Northeast Asia.

I dont like SBB too. I think the market has spoken, the only way for the share price to go up is to reduce the debt. winning projects, completing them or having higher earnings does not move the stock price. Take care of the FCF.

5 years liao... price never move, only debt go up and up.... management should starts reducing their debt.

Look who is venturing into vertical farming also... birds of the same feathers flock together. Really abang adik

https://themalaysianreserve.com/2022/05/30/serba-dinamik-to-strengthen-presence-in-middle-east-focuses-on-vertical-farming/

-Inventory increase by around RM200M despite sales drop RM1B

Probably busy making more rubber stamps and store it in a warehouse

as usual, again middle east... why middle east? because to hide the figures. who is so smart to believe in karim again? lies and lies and more lies.

I propose SD start a rubber plantation, then harvest the rubber, process it and make rubber stamps.... more profitable.

now want to go into vertical farming? say can make billions? i heard rubber stamping business is more profitable... should start one, can make billions too.

When limit up?

this kind of drop dont happen for no reason, better be safe than sorry. look at ATAIMS and Serba....

70 cents confirm coming.... question is will go lower than 70 cents or not?

yeah, my bad. I thought it is tomorrow. But I dont understsand what to calculate? what kl-guy talks about?

All those that says this is a racial issue caused by DAP lah, don know what KPMG auditor is Chinese lah... remember this, EY auditor for SIR is a Malay, and now this Malaysian Trustees Bhd is also Malay led body, taking action on Serba.

Those lose money will use anything to justify their reasoning, and will use race or hidden hands or whatever to blame everyone.

So many opportunity to run but still waiting... waiting for Serba to go to RM0

Serba no need to inform Bursa... typical. Serba is king.

Goodness, how low can TG go? looks like can go even lower.... UlarSawa renew FD until no time to reply all the messages. If TG breaks RM1.20, I think finish already... that is the real support line.

Tomorrow is ex-date for Rights Issue, what has tomorrow price got to do ex-date? calculate what?

IOT.. ERP… Nasdaq… 5G… Cloud… all buzzword just to throw their shares. Again, who are their clients in Thailand? Thailand only got 1 big city, Bangkok. So, who is the big client contributing so much to ARBB?

InvestorKing is so full of it. You got 500k to average down? So, OTB, KYY, 99 boss all bought more of Serba? Or you simply BS? Haha…. So much lies, like Karim

Oh no, elon space x wants to launch satellite internet. Karim serba also did that.

https://www.theedgemarkets.com/article/musks-starlink-plans-provide-internet-service-satellite-malaysia

Hidden hand must be elon, he wants to buy serba at cheap price. Elon musk is hidden hand sabotage serba, omg.

Fed and all central banks in the world will raise rate to fight inflation. Alu price will drop, question is when. If alum price drop, pmetal will be glove 2.0

How low can TG go?

What’s next? Serba sue banker for borrowing them money without doing due diligence? Serba sue banker because they dont accept their lies?

Now it is lenders fault for borrowing them money. Who faked the accounts? This karim and gang are weird, but weirdest are the supporters. This kind of logic also can believe. Lose money but dont go lose brain cells.

Who is next to be blames?

Run before too late

Banker gonna liquidate Serba.
https://www.theedgemarkets.com/article/june-8-fixed-hear-creditors-application-appoint-interim-liquidator-and-serba-dinamiks

Those that think got hidden hands, then why need to borrow money to pay back debt? This is a ponzi scheme. If serba so rich, what happened to their receivables? Can claim and pay back the debt, right?

Unless all are fakes.

Where you wrote this article? From tanjung rambutan? What about the fake 59 stamps in serba office?

Whatever it is, Karim is here to save himself, not the shareholders. Serba is a PN17 company, defaulted in their bond, banker filed winding up in court, got fraud account.

Nothing is going to change these four facts. Serba is going to 0, the true value of Serba.

Now becomes pump and dump counter. Karims gives Karim takes. Get ready to lose everything by gambling

Awang knew about the fraud and he starting selling since 2019. Now he got 0 shares