hahaaa deadmeat for hawks

legacy contracts till 2023....revenue fm this? at the moment the company burning cash......

hahaa..legacy contracts?????? these are the stumbling block.... ..
this eats operational cost still burning to fulfil obligations of the contract. Unless both parties reconsider or revisit term of contract.

true...but hoping again..the facts dictate the other way round

if

yong.....likely the same scripted storyline of nobody intervene...white knight to the rescue...

..emm .Risk Committee
Date of change 31 May 2022
BERNARD RENE FRANCOIS DI TULLIO

Age54
Gender Male

Nationality France

Type of change: Cessation Of Office Designation Member of Risk Committee

.

emm irony..why BOD most quit out of sudden. even the france guy just appointed dec 2021... 6 months merely too quit.. sonebody coukd throw sone light

even RO approved but seem short live.... funders are clawing for ROI for term loaned ....

freeman..i agreed with your comments... hopng hoping ..ever hoping....with one eye even pointer showing south.... ayaaa to take risk too high

current liabilities exceeded its current assets ....after ship selling..aset much lesser hayaaaaa more burden to comee
i m comingggggg

but if a white knight ...ccoming to rescue thats different story

restructuring too late mahh it should hve done 3.... 4 years backkkkk

SOA .......its really tough..easy to say..how to implement if in reddddddd

free to comment based on the going current state.....hoping hoping....emmmmm dead end

https://klse.i3investor.com/web/announcement/detail/1694569

end of road

KUALA LUMPUR (May 31): Sapura Energy Bhd said its external auditor has expressed its unqualified opinion with material uncertainty related to the group's ability to continue as a going concern.

Messrs Ernst & Young PLT (E&Y) expressed the opinion in the audited financial statements of the group for the financial year ended Jan 31 2022 (FY22), the group said in a bourse filing.

E&Y highlighted that the integrated upstream service provider’s reported a net loss of RM9.06 billion for FY22, and that its current liabilities exceeded its current assets by RM12.45 billion.

The auditor noted that Sapura Energy faces severe liquidity constraints, and together with its 22 units have obtained restraining orders under Section 368 of the Companies Act 2016, as well as separate contractual standstill arrangements with lenders — which will expire on June 10 and June 6 respectively.

gone case maaah

looks like TP 5 ¢ coming....drowning guyssss hellp

hitting 7 cents....LD probably ruuuuuun

waiting at 2 cents level

no more hoping ..back to 3...4 cents likely

hahaa hoping is furtile.... eats dirt...BOD runaway all filthy rich..abandon ship.... ..

flag ship pipe laying capability...sold
into pn17 ..
most BOD runaway


whtt is left over

ship sold
now pn17
most

emnm

strong support 0.085