half day show....back to ori price when market closed...as usual...wakakaka

heayy volume last few days...forced selling ..wakakaka

When write off for naga 7 and court battle with insurance company starts.....after next qr, should be lower than 0.11....wakakaka

should be around 0.11 ...wakakaka

Prospects

Currently, three of the Group’s six available jack-up drilling rigs are working. Another rig is scheduled to commence mobilisation by the middle of June. The two remaining rigs are being proposed for a number of ongoing tenders.

Naga 7 remains submerged off the coast of Sarawak after the incident on May 3. The incident area is secured while the Group is working with the insurance underwriters and Protection & Indemnity (P&I) Club on the way forward.
The rig and other related liabilities are adequately covered under the Hull & Machinery insurance and the P&I Club, respectively. Progressing on the insurance claims, Velesto Drilling Sdn. Bhd, as the insured under the H&M policy has on 31 May 2021 issued a notice of abandonment of the submerged rig, Naga 7 to the H&M insurers, pursuant to the H&M policy and currently await their response.

Next qr will also be in red...deep red ... wakakakaka

Till now no qr...must be very bad....
if not out by today....limit down...die kaw kaw like naga 7.....wakakaka

when Vel qr out, will drop to below 0.10 ....wakakakaka

sell on news....wakaka..

Aiyoh, oil price continue it’s bear run !
Brent closed at $66.69 ‪-- 0.36 -- 0.54%‬

‪Gone ah, Die ah, Run ah !‬
wakakaka

Aiyoh, oil price continue it’s bear run !
Brent closed at $66.69 ‪-- 0.36 -- 0.54%‬

‪Gone ah, Die ah, Run ah !‬
wakakaka

Aiyoh, oil price continue it’s bear run !
Brent closed at $66.69 ‪-- 0.36 -- 0.54%‬

‪Gone ah, Die ah, Run ah !‬
wakakaka

Aiyoh, oil price continue it’s bear run !
Brent closed at $66.69 ‪-- 0.36 -- 0.54%‬

‪Gone ah, Die ah, Run ah !‬
wakakaka

Aiyoh, oil price continue it’s bear run !
Brent closed at $66.69 ‪-- 0.36 -- 0.54%‬

‪Gone ah, Die ah, Run ah !‬
wakakaka

Aiyoh, oil price continue it’s bear run !
Brent closed at $66.69 ‪-- 0.36 -- 0.54%‬

‪Gone ah, Die ah, Run ah !‬

wakakaka

Aiyoh, oil price continue it’s bear run !
Brent closed at $66.69 ‪-- 0.36 -- 0.54%‬

‪Gone ah, Die ah, Run ah !‬
wakakaka

Aiyoh, oil price continue it’s bear run !
Brent closed at $66.69 ‪-- 0.36 -- 0.54%‬

‪Gone ah, Die ah, Run ah !‬
wakakaka

cut loss...bo chow die kaw kaw....wakaka

Velestro Energy says investigating Naga 7 rig incident near Bintulu, assessing options

https://www.malaymail.com/news/malaysia/2021/05/04/velestro-energy-says-investigating-naga-7-rig-incident-off-bintulu-assessin/1971587

how come the counter not suspended for an official announcement? let some disposed of their holding first then suspend for two hours? wakakakaka

total loss...can claim total loss...wakaka

hope big funds supporting it...

contract for naga 7 might be terminated and all naga rigs might undergo checks ... extra expenses incurred

claim insurance will take few years....wakakaka

wont go up anytime but down most likely....wakakakaka

name is I-Con...what do you think? wakakakakaka

Game over...wakakaka

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge-under-scrutiny

you buy, you lose all...wakakakaka

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge-under-scrutiny

you buy, you lose kaw kaw.....wakakaka

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge-under-scrutiny

you buy you die kaw kaw...wakakakaka

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge-under-scrutiny

Sussing out potential pump-and-dump schemes on the stock market

https://www.theedgemarkets.com/article/sussing-out-potential-pumpanddump-schemes-stock-market

wakakaka...

Sussing out potential pump-and-dump schemes on the stock market

https://www.theedgemarkets.com/article/sussing-out-potential-pumpanddump-schemes-stock-market

wakakaka...

Sussing out potential pump-and-dump schemes on the stock market

https://www.theedgemarkets.com/article/sussing-out-potential-pumpanddump-schemes-stock-market

wow, manyak untung bagi exercised warrants..siape punya? you tahu, kita tahu...wakaka

you buy you die kaw kaw....wakaka

no worries.. just buy and hold....wakaka

No worry. just buy and hold...sure win....wakaka

SapuraOMV's Sarawak unit inks final investment decision agreement for Jerun gas field with partners

KUALA LUMPUR (April 13): SapuraOMV Upstream's subsidiary SapuraOMV Upstream (Sarawak) Inc has inked a final investment decision (FID) for the Jerun gas field development in Sarawak with its partners, paving the way for the full execution of the project.

“We are very proud to be a key gas supplier to a PETRONAS, as we continue to pursue our agenda to deliver clean energy to Asia. Jerun is part of our strategic investment to become one of the leading independent operating companies in the region,” said SapuraOMV chairman Tan Sri Shahril Shamsuddin.

SapuraOMV explained that the Jerun gas field development is the latest and largest operated project for SapuraOMV, and is expected to produce some 500 MMscfd of gas when it comes onstream in 2024. Gas produced from the field will be sold to the customers in Bintulu including the Petronas LNG complex.

The SK408 Jerun development is SapuraOMV’s third major upstream gas development in East Malaysia, having first started with the development and commencement of production from the SK310 B15 gas field in 2017, and completion of SK408 Phase 1 development comprising Gorek, Larak, Bakong fields in 2019/2020.

Gross production from these fields stands at 575 MMscfd (96 kboed). When Jerun comes onstream, it will add a further 500 MMscfd (83 kboed) of production.SapuraOMV’s partners under SK408 PSC are Sarawak Shell Bhd (30%) and Petronas Carigali Sdn. Bhd (30%).

SapuraOMV is a strategic partnership between Sapura Energy Bhd and OMV Exploration & Production GmbH, a subsidiary of Austria’s OMV Aktiengesellschaft.

Shares in Sapura Energy closed unchanged at 14 sen today, valuing it at RM2.24 billion.

hold hold...wakaka

0.50 cuming..wakaka

biasa lah...wakaka

with oil prices going uptrend. most likely petronas will give more awards to make sure velesto assets achieve 100% usage.....win win..wakakaka

The Board of Directors of Velesto Energy Berhad (“VEB”) is pleased to announce that Velesto Drilling Sdn Bhd (“VED”), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of VEB (collectively be referred as “VEB Group”), has received a Letter of Award from Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited ("SSB/SSPC") for a contract for the Provision of Jack-Up Drilling Rig Services for Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited for the provision of a jack-up rig services, the approval of which was received today (“Contract”).



The Contract is for VEB’s jack-up rig, namely NAGA 4, with an estimated contract value of USD17.68 million.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3146241

HLG TP 0.21...coming soon....wakakakaka

NAVPS is -0.19 how good can it be?
..wakakakaka

sold d.. thank you...wakaka

lava coming out...wakakaka

now speculate on how to settle the dept....
1. Consolidation of shares: 50 to 1...
2. Rights issues with free warrants after consolidation.. 20 to 1 @ 25sen
3. wakakakaka

yup....at the same time, get ready some cash to help out.....it has negative shareholders fund......and petronas suspension on new contracts only end May 2022.

wakakaka

rights issues...wakaka

hold .....wakakakaka

buy on rumours ..sell on news....wakakaka

The Board of Directors of Barakah wishes to inform that the Court Convened Meeting (“CCM”) of PBJV Group Sdn. Bhd. (“PBJV”) pursuant to the Order was conducted on even date.

A creditor of PBJV, Export-Import Bank of Malaysia Berhad had proposed an adjournment of the CCM pursuant to Section 366(2) of the Companies Act 2016.


The resolution for adjournment was approved by the requisite majority of more than seventy-five (75) per centum of the total value of creditors present and voting either in person or by proxy at the meeting.


The CCM is now adjourned to Monday, 5 April 2021 and will be held virtually at 2.00 p.m. at Barakah Offshore Petroleum Berhad, Petaling Jaya (“Broadcast Venue”).


Further development on the above matter will be announced to Bursa Malaysia Securities Berhad in due course.


This announcement is dated 15 March 2021.


wakakaka.....adjourned again or falling knife...liquidations...wakakaka