PNB is under government and largest fund management, they should have access the insiders news, it is 7 wonder why they still holding a PN17 company few years, previous CEO said investment amount on SAP is peanut, but he didn't withdraw and leave it bleeding from 20cent to 10 cent to 0.35 Sen still hold tight tight . ...

PNB holding 40% interest in a PN17 company, a lot pressure to manage it, if let go surely create a lot social problem, if not let go bleeding everyday. If PNB don't want to salvage SAP, it will let's go this PN17 company long time already

Yeah, this is an interesting development. However no announcement regarding this contract, instead they more focus on new. JV decommission.

Result mist be terrible, drag until end of the month on release...

I guess Q125 won't be good due to ONGC..

Now only after the sale of sapura OMV arm than only price can move, guess around year end lo. Moving forward CEO can not blame legacy project if no profit..

No access to new fun is problematic, ONGC is the last legacy project, finally has completed, however now lumut yard utilisation is 5 %

Refer annual report...new target date

Delay to next year

Need to fire all the worker at lumut yard, since no fund no project at least another year..

I speculate extension from Bursa no issue, problem is the order from court..there are least 10 subcon sue SAP, if no extension from court, CDRC will not extend also, in the last report few subcon still not willing agree on the restructure arrangements,

No access to new fund, no new job sure died slowly...

After 6 months since creditor agreed on the restructure, still not able to provide detail....need to close shop E&C, lumut yard utilisation 0.1% after ONGC complete.

Would court grant extension again? Those subcon receive nothing, those loan shark collect interest daily..however subcon outstanding perhaps only 1bil which can be pay by SAP immediately by selling some assets. Instead after 3 years ++, receive nothing because of Court restrain order ..

Without funding like this, not doing good for SAP,

Still got 6 trading days before due date...is time to guess how long is the extension

2 weeks left.....haha.

Delay again..

No new job for lumut yard...

Only can do leasing contract, lumut yard dying...

2 weeks ++ left, SAP fail again...

Price won't buzz until restructure plan announce

Whatever good news announced is useless and overshadowed by 9 billion debt.

CDRC, Bursa, and Court approve the extension until early of Jun only, 3 weeks left.

McDermott compl

Installation of the topsides has cleared the decks for the start-up of gas production from ONGC’s Cluster 2 development, which has been delayed by several years owing to the Covid-19 pandemic and financial woes faced by Sapura Energy.

Long delay losing project completed!!!

4 weeks left.......

With cash strapped p17 status, no big project can awarded, only leasing job..haha

Selling SAPOMV asset sour in the society, PMX may change his mind to support SAP instead let white night take over..

Local project started flow in since 3-4 years ago?

Next year ...can put it aside lo like this, , next year may delay again...no money no project, the losing money ONGC also completed, mean 0% fabrication yard at lumut....

So another round of extension,...so next year only will turn around..

Would bursar approve the extension? The last extension took 2 months for Bursa approved, SAP submitted extension request a month before it due...

Standstill until end of May, if announce on 30-jun, then need to request extension again.....3 parties, bursa, BNM and court

Seem like suspend continued ...

Can someone call the CEO of SAP, his team forget to inform bursa lift the suspension...haha

Let the white knights come in with full force, we need FDI, now this industry is bully by Petronas, no way out. Balance ot

Sap forget to inform bursa to lift suspension.haha

I guess the suspension is because of Rafizi court case being withdraw....haha

Suspension because Rafizi???

Petronas missed the opportunity again....

No update neither from SAP nor Singor..1.5 left

1.5 months since 3 months extension granted. 1.5 months left, still need extension.....

What have the gov or PMX help SAP, why PKR started report SAP associated with PKR...can subcon receive their money before RAYA

Not even turn profit, certain social medial started praise SAP and thank PM and Gov....no profit yet .dare to put PM phote beside SAP....

Sebelum ini Malaysia Airlines mencatat keuntungan selepas 10 tahun rugi, tetapi hari ini pula giliran Sapura Energy.

Kerugian bersih bagi tahun kewangan berakhir 31 Januari 2024 berkurangan dengan ketara kepada RM 508 juta daripada RM 3.16 bilion pada tahun kewangan 2023.

The narrative of success of SAP attributes to Gov....not surprised if PM will present on the ceremony between white knights and SAP

3 billion contract took 5-6 years to complete

I believe the most losing and longer project ONGC come to an end...no profit but will reduce losses

It does not mean SAP 100% can complete all the necessary, bankruptcy is still possible. Cant afford to lose better don't touch this cointer

CapA is in better position, loan received, hair cut also completed. capA can drag

sap is different, no loan no hair cut and no job. After 5 billion completed, all will use to pay debt. The longer it drag the worst for SAP. Sub con not received money also can't sustain and will not support sap.

capA can drag, but sap can't drag

All legacy project are losing money, especially the ONGC from India, the earlier complete mean lose lesser...