Haha can someone pls enlighten me why he own deleted this post in Bahvest??


Stock: [ARMADA]: BUMI ARMADA BERHAD
1 day ago | Report Abuse

>> Posted by Robert Waters > 2 days ago | Report Abuse

I look at this counter and cannot make a case for it. Even if the CPY produces 100 kg of gold and sells it at 2k USD, it is only about 200k USD or 1 million ringit. It takes two years to pay off the lease. What about the costs of operation, royalty, tax, etc ?
And at the moment they do not even produce 100 kg ...


MusaAman
55 posts

Posted by MusaAman > 2 days ago | Report Abuse

1kg = myr290,000
100kg = myr29,000,000
Klu kira2 basic mcm-ni pun utak betoi, pindah lah gi Jolo bah…
utk lawatan sambil belajar.

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Haha why so difficult .. had done before ke ????

>> Planned production drilling at the Kraken field has been shelved, while the company’s cash




EnQuest shelves Kraken drilling in response to windfall tax changes

By Hamish Penman
17/02/2023, 7:53 am


Operator EnQuest (LON: ENQ) is to defer drilling at its Kraken field following last year’s changes to the North Sea windfall tax.


In a trading update, the company says it has “has further optimised its capital programme for 2023” as a result of the government’s fiscal tinkering in November.
Planned production drilling at the Kraken field has been shelved, while the company’s cash capital expenditure for 2023 is expected to be approximately $160 million – that excludes acquisitons.

The company’s planned investment programme includes three infill wells at Magnus, and three new wells at Golden Eagle.

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Haha Just beware those talk 3 talk 4 on US Or HK stocks in Local i3 Malaysia … what is their Intention ? i3 got Overseas websites leh …

Beware of Recent article on SCAM US n HK stocks Online Platform….


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Haha an article a few months ago .. An Artist elder brother main Forex on a Online Platform… earlier Win n Cash out a small amount… After a Year , he got hundred of followers… looking the Profit is more than a Million… he wanted to Cash Out .. but being failed several times with several reasons… at Last he cannot Login his Account … just a Scam Online Platform… the process may take a year to 2 year … beware …

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Haha if this is so normal , why made announcement like this to scare shareholders n Analysts???



Type Announcement
Subject OTHERS
Description
UNPLANNED KRAKEN SHUT-IN
Bumi Armada Berhad ("Bumi Armada") wishes to announce that, following a prolonged period of top quartile production and operational performance, production from the Armada Kraken FPSO ("Kraken FPSO") was recently shut-in following the failure of critical hydraulic submersible pump (HSP) transformers. The Kraken FPSO is owned by Bumi Armada’s wholly owned subsidiary, Armada Kraken Pte Ltd ("AKPL") and is deployed at the Kraken Field under a bareboat charter contract ("BBC").



AKPL, together with EnQuest (the field operator), planned and executed a restart of the facility but the attempted remediation programme was unsuccessful, and the Kraken FPSO remains shut-in.



AKPL is working with EnQuest to assess alternative technical solutions, with the aim to return to production, on a phased basis, in the coming weeks.

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EnQuest shelves Kraken drilling in response to windfall tax changes

By Hamish Penman
17/02/2023, 7:53 am


Operator EnQuest (LON: ENQ) is to defer drilling at its Kraken field following last year’s changes to the North Sea windfall tax.


In a trading update, the company says it has “has further optimised its capital programme for 2023” as a result of the government’s fiscal tinkering in November.
Planned production drilling at the Kraken field has been shelved, while the company’s cash capital expenditure for 2023 is expected to be approximately $160 million – that excludes acquisitons.

The company’s planned investment programme includes three infill wells at Magnus, and three new wells at Golden Eagle.

In September, EnQuest sait it intended to review its capex plans in response to incentives included in the energy profits levy.

>> But since then, the government has upped the windfall tax by a further 10%, to a  headline rate of 75%, and kicked back the closing date until 2028.


( How does the new windfall tax work? Prime Minister Rishi Sunak introduced the 25% Energy Profits Levy when chancellor. In the 2022 Autumn Statement, the current Chancellor Jeremy Hunt said the levy would increase to 35% from January 2023, and run until March 2028. It was previously due to finish in 2025. 2 May 2023 )


TotalEnergies has already announced a cut to its North Sea spend as a result of the change, while Harbour Energy blamed it for job cuts.


EnQuest chief executive, Amjad Bseisu, said: “Looking ahead, changes to the UK Energy Profits Levy will impact cash flow generation and have implications for our capital allocation strategy and our UK production growth ambitions.

Haha MM 78 is Ok loh but RJ88 is Panas baran loh .. hahahaha

Haha MM78 ke .. where is yr previous partner RJ88 ke .. I used to call RJ45 … hahahaha

Haha woh Pon Pon 888 thinking this is her grandpa forum ke … learn better Pon Pon dance to get Attention loh .. hahaha

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Haha what a Pon Pon 888 dance … hahaha

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Haha PonPon888 still twisting n lying loh … Pang72 asked me 2 Times on Sept n Dec window dressing TP .. then he walked away from Armada forum …


Posted by Bon888 > 8 hours ago | Report Abuse

So Mabel Mickymouse lost a lot in Armada during that tsunami? It was due to same Kraken FPSO right?

Post removed.Why?

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Haha Just beware those talk 3 talk 4 on US Or HK stocks in Local i3 Malaysia … what is their Intention ? i3 got Overseas websites leh …

Beware of Recent article on SCAM US n HK stocks Online Platform….


—-


Haha an article a few months ago .. An Artist elder brother main Forex on a Online Platform… earlier Win n Cash out a small amount… After a Year , he got hundred of followers… looking the Profit is more than a Million… he wanted to Cash Out .. but being failed several times with several reasons… at Last he cannot Login his Account … just a Scam Online Platform… the process may take a year to 2 year … beware …

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