http://www.thestar.com.my/business/business-news/2017/09/09/search-for-petros-ceo-intensifies/

Harvey n Irma r killing US shale oil producers

Heavy buying 0.44 building strong base

Anak Sarawak Dayang wil gain fr Petroleum Sarawak(Petros) by next yr

Up cos dividend in specie nearer price go up

North Sabah EOR announcement soon

The trend for shrinking oil stocks and expectations for a rise in global oil demand growth meant analysts polled on a monthly basis by Reuters raised their oil price forecasts for the first time in six months. - Reuters

The trend for shrinking oil stocks and expectations for a rise in global oil demand growth meant analysts polled on a monthly basis by Reuters raised their oil price forecasts for the first time in six months. - Reuters

North Sabah EOR announcement very soon

Anasuria had settle nicely now jz goin through refinement for higher profit.

Going forward, the company expects its Anasuria operations to remain profitable — assuming current level of oil prices remains — as it looks to enhance production rates through subsurface interventions in the second half of FY18, while keeping operational expenditure in check.

Anasuria had settle nicely now jz goin thru refinement. North Sabah EOR announcement very soon

Next quarter tax wil b lower


The tax regime which applies to exploration for, and production of, oil and gas in the UK, and is thus
applicable to Anasuria Hibiscus UK, currently comprises of ring fence corporation tax and a
supplementary charge. The current rates of tax for ring fence corporation tax and supplementary
charge are set at 30% and 10% respectively. Note that any investments in capital expenditures made
are deductible from both taxes mentioned above in the same financial year they are incurred. In the
current financial year ended 30 June 2017, a minimal capital expenditure was implemented. However,
it is expected that in the financial year ending 30 June 2018, a higher level of capital expenditure will be incurred.

Everyone come tis forum know but just greedy

U understand one

EOR is like in d pocket Petronas ok

If today rwsult satisfactory wil go up

Everybody scare to buy Hibiscus anymore price volatile like oil price

Last qtr hit by industry wise problems like Ann Joo?

Dayang results wil b pull down by Perdana but don't over knee jerk reaction

Ibi if go down to less thn 0.86 ex wil 0.3x

Dayang theoritical ex is abt 0.53 but can't b so low

Start coverage institution funds wil come in Buy n wait

Initiate with a BUY call, TP: RM0.65

On road to take over North Sabah EOR PSC

Fund size?

Any institution fund buying tis co?

If Brent average $58.20, WTI should be around $56

TAPIS from Sabah even higher

http://www.cnbc.com/2017/07/03/oil-prices-break-out-second-half.html

http://www.cnbc.com/2017/07/03/oil-prices-break-out-second-half.html

http://www.theedgemarkets.com/article/oil-prices-edge-first-drop-us-drilling-months

Oil price wil go up in 2h17

http://www.theedgemarkets.com/article/oil-prices-edge-first-drop-us-drilling-months

Oil price wil go up in 2h17

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) buying none stop

Wah drop a lot tis co.. wat temperature MAPS too hot for outdoor theme park?

Big buyers pressure price to collect for some time d

While waiting meantime Dayang sure get oil contracts in Sarawak MCM get for sure

http://www.thestar.com.my/business/business-news/2017/06/12/sarawak-to-set-up-oil-and-gas-exploration-company/

T4 settled

T4 today

Pumping oil in own backyard no surprises

Co rushing to do pp they know price wil fly whn Sabah deal done Short term 0.55 long term 1.0

Waiting for 205m t4 wallop kau kau

Suspend so long to quantify impact god bless Hibiscus

Tomorrow ROAR! ROAR! ROAR! ROAR! ROAR! ROAR!

ROAR! ROAR! ROAR! ROAR! ROAR! ROAR!

Maintenance blah blah contact ka?

Bot some tis morning

Perdana 0.92 on relisting Tat is bout 0.30 per share Mean only 0.80 for rest of Dayang

Perdana Petroleum Berhad - Better Vessel Utilisation Going Forward
Date: 23/05/2017

Source : PUBLIC BANK
Stock : PERDANA Price Target : 0.92 | Price Call : HOLD
Last Price : 1.54 | Upside/Downside : -0.62 (40.26%)

Back

Perdana’s 1QFY17 performance weakened even further this quarter owing to the low 24% vessel utilsation rate, coupled with the 1Q monsoon season. From March 15 onwards however, Perdana will see its average utilisation for FY17 improve to >c.60% with the new spot charter marine vessels services contract from PETRONAS Carigali Sdn. Bhd. (PCSB). Revenue came in at RM18.9m (-54.9% YoY), with a core net loss of RM37.8m (->100.0%) having stripped off the net forex loss of RM8.1m. Perdana remains suspended in the interim, but expects to be re-quoted on the local bourse post-completion of its restructuring exercise, necessary regulatory approvals notwithstanding. We continue to maintain our Neutral view with a TP of RM0.92 upon the removal of suspension, based on our DCF approach using a 10.9% WACC. Our estimates remain conservative and have considered a lower utilisation rate in light of the oil markets which is still on a gradual uptick, coupled with a less aggressive expansion plans going forward.
Low utilisation rate. The Group’s performance this quarter was affected by the lower utilisation rate of 24% versus 50% in 1QFY16. Additionally, the loss before tax also included expenses such as net forex loss of RM8.1m.

PCSB contract. Perdana was awarded a spot charter marine vessels services contract from PCSB for 3years + 2years optional extension contract with effect from 15 March 2017 until 14 March 2020. Under this award, Perdana was awarded 4 packages, under an umbrella contract terms to provide marine vessels for the following categories; i) Anchor Handling Tug / Supply Vessel 100MT and below bollard pull; ii) Anchor Handling Tug / Supply Vessel above 100MT bollard pull; iii) Workboat; and iv) Workbarge. The contract also includes the provision of vessels, crew members and associated equipment for continuous 24-hour operations.
Resumption of trading. Perdana has sought approval from Bursa Securities to accept a lower public spread of 20% for purpose of compliance with the public spread requirement and to allow resumption of trading of its shares upon completion of the distribution in specie of up to 292.2m shares owned to its shareholders. The lower spread and resumption of trading is to facilitate the implementation of the proposed private placement where the trading value of Perdana’s shares will be determined by the investors and provide market reference price for the placement shares.
Source: PublicInvest Research - 23 May 2017

Parkson effect? AnnJoo oso drop big idiot

Knn jump 4% more than AnnJoo Huat ah