Biden and Europe will not sanction Russian oil and gas. Sanctioning that will only kill themselves and putting their people to suffer from higher energy prices and inflation. When people are paying more for goods, approval rating for current ministers and presidents fall and they are less likely to win the next election. Putin knows the game well and with energy prices soaring and Europe desperate for more gas from Russia, he knows sanctioning Russia oil and gas would bite Europe and US more than it bites Russia.

This may not be the complete FFU. But it tells you the summary of the FFU.

The updated factual findings of EY pursuant to the SIR

(d) In relation to Scope 1, in respect of in respect of the highlighted concerns
raised by KPMG in the s 320 Report concerning 11 identified customers of
the Company, EY, following investigations, casts doubt on the veracity of the
transactions with the 11 identified customers. The total sum involving the 9
out of the 11 identified customers are in excess of RM435 million.

(e) In relation to Scope 2, in respect of the highlighted concerns raised by KPMG
in the s 320 Report concerning 6 identified local suppliers, EY, following
investigations, raised concerns on the veracity of the transactions with the 6
identified local suppliers. The recorded transactions and other amounts are
in excess of RM638 million.

(f) In relation to Scope 3, in respect of the highlighted concerns raised by KPMG
in the s 320 Report concerning the veracity of IT contracts entered into by
the Company’s subsidiary, SDIT International Limited, with 6 identified
customers and 2 identified suppliers and the inability of KPMG to determine
the appropriateness of the contracts / transactions and to ascertain the
appropriateness of the revenue and cost recognised, EY, following
investigations, found anomalies with respect to the contracts with 5 of the
identified customers and 1 of the identified suppliers. In addition, EY in
conducting the SIR also found anomalies with respect to other customers
and suppliers not identified by KPMG. The total sum involved is in excess of
USD 76 million.

(g) In relation to Scope 4, in respect of the highlighted concerns raised by KPMG
in the s 320 Report in relation to 1 identified customer and 1 identified
supplier in Bahrain, EY, following investigations, found that the Bahrain
customer could be related to the Company and that EY also casts doubt with
respect to the veracity of the transactions with the Bahrain supplier. Invoices
and delivery orders of the Bahrain customer is in excess of USD 12 million.

FFU already out. EY findings consistent with KPMG.
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=122999&name=EA_GA_ATTACHMENTS

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=122645&name=EA_GA_ATTACHMENTS

Hi KingKong_Doll, barrel of oil equivalent (boe) is a very common measure of gas production and supply. It refers to the amount of energy equivalent to the energy in a barrel of crude oil. It is just a conversion that is easy for the public to analyse companies resources and production capabilities. The term of 6000ft3 of gas will be equivalent to 1 barrel of oil is just saying the energy content in 6000ft3 of gas is equivalent to the energy content in 1 barrel of oil. However, this is just based on normal convention and there are no definitive standards to this calculation. Different gas and oil grades will have different energy content. These calculation also does not take into account the gas and oil futures prices. In terms of pricing, 1 boe of gas does not equal to 1 barrel of oil (whether it is WTI/Brent or other grades). Gas cannot be compressed physically to oil. Gas is normally compressed to LNG for export to Japan & Korea.

Gas is normally physically sold in terms of BTU (British Thermal Units). If you look into gas contract prices, they are normally listed as MMBtu (million British Thermal Units). BTU measures the gas energy content and is the most accurate measurement for gas because gas is normally used for power generation and heating. Therefore, as a physical buyer of gas (like power companies), I am more interested in knowing how much do I pay to buy gas that can give me XX amount of energy. That is why gas futures pricing are based on energy basis rather than volume (i.e., barrels in crude oil).