jCloser

JC really stupid

Loser jc loser jc

Hahahhahahahaha armada hav’n announce anything 4574 announce everyday reallly stupid. Who. Care his movement except IK ?

4574 wah become new false prophet

4574 now become new talker baseless commnet

4574 ckca don’t pretend shares master, prophet ,Superman ,........hahahahahah

Stupid

Hahahahaha ckca don’t just talk with no evidence I can said i can said I earn 10000b everyday

4574 stupid talker joker

Ckca loser

Ckca have no brain people invest and made big money he have pig mount false predict as be false prophet

Money money money ...........not talking talking talking hahahahahah

oh apanama new expert of shares market

Bumi Armada (BAB) announced that it has secured a US$75m (RM317m) financing commitment from Usaha Tegas via Mezzaine Equities (its major shareholder). This is positive news as the funding support is timely for ONGC’s FPSO DWN 98/2 project and should alleviate investor concern of the need for a rights issue. We maintain our BUY call and raise our target price to RM0.45 (from RM0.34).

US$30m for ONGC Project and US$45m Malta Refinancing
Out of the total US$75m funding, US$30m will be used to fund BAB’s 30% equity stake in ONGC’s FPSO DWN 98/2 project via a 3-year term loan. In return, Mezzaine Equities has the option to acquire BAB’s 30% stake in the project within 36 months from the date of the grant or facility being fully repaid, whichever is later. This is not an exclusive arrangement as BAB has the alternative to divest its stake to any third party during the option period. BAB will also refinance the FSU Malta bridger loan amounting to US$45m by converting it to a longer-term 6-year term loan. No further details were disclosed on the incremental interest cost.

We Are Positive as Stars Are Beginning to Align
We view positively the funding support by its major shareholder as it should alleviate investor concern of the need for a rights issue. With stars starting to align, we believe BAB’s valuation will re-rate gradually over time. Further rerating catalysts to look forward to in the near term include the reclassification of FPSO Kraken’s RM1.5bn debt, outcome of the FPSO Claire court case in 4Q19, progressive improvement in FPSO Kraken’s operation (fixing water filtration unit) and cost savings from the recent FPSO Perdana disposal that have not yet been fully factored in by the market, in our view.

Maintain BUY and Raising Our 12-month Target Price
We make no changes to our earnings forecasts due to a lack of details on the incremental interest cost, but raise our SOTP-based target price to RM0.45 (from RM0.34) after incorporating a lower WACC of 6.5% (from 7.3%) to reflect lower stock volatility, in view of the improving business outlook. Our revised target price implies a 8x FY20 PER, in line with the preKraken impairment valuation in 2018. Downside risks include weaker-thanexpected OSV fleet utilization, continual late deployment of subsea vessels and termination of existing FPSO contracts.

Source: Affin Hwang Research - 27 Sept 2019

SS is the one suddenly become investor but don’t have any armada shares

SS you are super idiots

prove jc false prophet

Oh jc from talker transform to prophet hahahahaha sad not shares holder

Oh talker and joker and loser
Jc talk again

Loser jc loser jc hahahaha no shares jc

With no shared

Oh talker and joker and loser
Jc talk again

Hahaha we in at 0.15 jc come count money don’t just talk

IK all in not talking hahaha

Hope jh ckco ckca talk now hahahahhah

Time to all in when 0.38

Not yet

Not yet

No need to regret close your eyes just buy

Don’t talk anymore come count money

Not too late for jc ckca ckco

Hahahahah like always

Pls invest before too late

JC Today still talk?

4574 will financing armada hahahahahaha IK also.......

Hahahahahah 4574 talker

Will buy 100b 0.35

Cairn H1 2019 Results Transcript more on KrakenToday 14:40
More encouraging info on Kraken from Cairn's half year results:

Three Drill Centre 4 new wells were hooked up and commissioned in March 2019
adding two new producers and one new injector to the overall well stock. Subsequent
well testing in May confirmed the gross well production capacity in excess of 47,000
barrels of oil per day. Reservoir field performance indicates that the field water cut has
stabilised and is averaging around 60%, and well potential has improved due to the better
voidage replacement in the central and Southern areas of the field and the stabilised water
cut.
Further investment is also planned on Kraken in 2020 with the drilling of a single
producer and injector from the Drill Centre 2 template to an accumulation West of
Kraken called Worcester. The reserves associated with this area will be booked at year
end and these wells are expected to come online in the second half of 2020. The
inventory management of critical spares by the operator has helped to contribute to the
improved uptime along with more rapid response to trips by the FPSO contractor. As I've
already stated, we look to see further improvement in the FPSO performance in the
coming period. The Kraken crude pricing has continued to strengthen both in light of the
current heavy oil market dynamics and a good understanding of the crude’s
characteristics by a global set of buyers.

https://www.cairnenergy.com/media/2508/half-year-results-2019-transcript.pdf

Macquarie question on Kraken reserves - Cairn H1 TranscriptToday 14:44
Macquarie:

Just a quick one on Kraken, sounds like everything's sort of going well. Two train
operations and the efficiencies back up and water cuts in line. So, I'm just wondering
what do you need to see there before you get confidence to write those reserves back up?
Or at least narrow the gap between yourselves and the operator.

Paul Mayland:

The first thing to say is we fully respect all the views in the Kraken family and I think
across it, we're all striving to improve production potential and maximise economic
recovery from the field. And the second thing I think we should recognise, and I think I
said this in March, is reserves are estimated they're never determined. So, we carry a
range of estimates in P90, P50 and P10 and of course we chose and we believed that was
prudent at the time and remains prudent to reduce our P50 estimate, which we did back in
March. We would just like to see longer production data in terms of water cut trend and
overall performance in the field before we make any revisions actually, which we would
do as a matter of normal course of business on a six-monthly basis.
There is further potential on Kraken and touching a little bit on Michael's question about
the North Sea, we have three assets, when we acquired those two companies choose to
sell one of them, which was our small stake in Mariner, and if we step back and look at
Catcher and Kraken performance overall, we are pretty happy with it. There's still growth
potential on both fields that we're seeing investments next year on Catcher that we
touched on in terms of the satellites. There's a plethora of infill opportunities in Catcher
and there's significant potential in the West side of Kraken which we are going to
obviously test with our first two wells next year. So overall, we're relatively happy with
both fields.

Macquarie question on Kraken reserves - Cairn H1 TranscriptToday 14:44
Macquarie:

Just a quick one on Kraken, sounds like everything's sort of going well. Two train
operations and the efficiencies back up and water cuts in line. So, I'm just wondering
what do you need to see there before you get confidence to write those reserves back up?
Or at least narrow the gap between yourselves and the operator.

Paul Mayland:

The first thing to say is we fully respect all the views in the Kraken family and I think
across it, we're all striving to improve production potential and maximise economic
recovery from the field. And the second thing I think we should recognise, and I think I
said this in March, is reserves are estimated they're never determined. So, we carry a
range of estimates in P90, P50 and P10 and of course we chose and we believed that was
prudent at the time and remains prudent to reduce our P50 estimate, which we did back in
March. We would just like to see longer production data in terms of water cut trend and
overall performance in the field before we make any revisions actually, which we would
do as a matter of normal course of business on a six-monthly basis.
There is further potential on Kraken and touching a little bit on Michael's question about
the North Sea, we have three assets, when we acquired those two companies choose to
sell one of them, which was our small stake in Mariner, and if we step back and look at
Catcher and Kraken performance overall, we are pretty happy with it. There's still growth
potential on both fields that we're seeing investments next year on Catcher that we
touched on in terms of the satellites. There's a plethora of infill opportunities in Catcher
and there's significant potential in the West side of Kraken which we are going to
obviously test with our first two wells next year. So overall, we're relatively happy with
both fields.

Cairn H1 2019 Results Transcript more on KrakenToday 14:40
More encouraging info on Kraken from Cairn's half year results:

Three Drill Centre 4 new wells were hooked up and commissioned in March 2019
adding two new producers and one new injector to the overall well stock. Subsequent
well testing in May confirmed the gross well production capacity in excess of 47,000
barrels of oil per day. Reservoir field performance indicates that the field water cut has
stabilised and is averaging around 60%, and well potential has improved due to the better
voidage replacement in the central and Southern areas of the field and the stabilised water
cut.
Further investment is also planned on Kraken in 2020 with the drilling of a single
producer and injector from the Drill Centre 2 template to an accumulation West of
Kraken called Worcester. The reserves associated with this area will be booked at year
end and these wells are expected to come online in the second half of 2020. The
inventory management of critical spares by the operator has helped to contribute to the
improved uptime along with more rapid response to trips by the FPSO contractor. As I've
already stated, we look to see further improvement in the FPSO performance in the
coming period. The Kraken crude pricing has continued to strengthen both in light of the
current heavy oil market dynamics and a good understanding of the crude’s
characteristics by a global set of buyers.

https://www.cairnenergy.com/media/2508/half-year-results-2019-transcript.pdf

Yes IK and 4574 are brother buy high sell low hahaha

oh ckco where are you? count debt of armada? Hahahahahah

4574cut lose at 0.345 he bought at 0.35 hahahahhah

Hahahaha who facts which fact what fact ...,,,,,,,,money is fact not talk

And do investment not talk hahahahahah

In share market everything is Chaos and uncertain no need to predict , just jump to it by your faith and understanding

We Are Positive as Stars Are Beginning to Align
We view positively the funding support by its major shareholder as it should alleviate investor concern of the need for a rights issue. With stars starting to align, we believe BAB’s valuation will re-rate gradually over time. Further rerating catalysts to look forward to in the near term include the reclassification of FPSO Kraken’s RM1.5bn debt, outcome of the FPSO Claire court case in 4Q19, progressive improvement in FPSO Kraken’s operation (fixing water filtration unit) and cost savings from the recent FPSO Perdana disposal that have not yet been fully factored in by the market, in our view.

Maintain BUY and Raising Our 12-month Target Price
We make no changes to our earnings forecasts due to a lack of details on the incremental interest cost, but raise our SOTP-based target price to RM0.45 (from RM0.34) after incorporating a lower WACC of 6.5% (from 7.3%) to reflect lower stock volatility, in view of the improving business outlook. Our revised target price implies a 8x FY20 PER, in line with the preKraken impairment valuation in 2018. Downside risks include weaker-thanexpected OSV fleet utilization, continual late deployment of subsea vessels and termination of existing FPSO contracts.

We Are Positive as Stars Are Beginning to Align
We view positively the funding support by its major shareholder as it should alleviate investor concern of the need for a rights issue. With stars starting to align, we believe BAB’s valuation will re-rate gradually over time. Further rerating catalysts to look forward to in the near term include the reclassification of FPSO Kraken’s RM1.5bn debt, outcome of the FPSO Claire court case in 4Q19, progressive improvement in FPSO Kraken’s operation (fixing water filtration unit) and cost savings from the recent FPSO Perdana disposal that have not yet been fully factored in by the market, in our view.

Maintain BUY and Raising Our 12-month Target Price
We make no changes to our earnings forecasts due to a lack of details on the incremental interest cost, but raise our SOTP-based target price to RM0.45 (from RM0.34) after incorporating a lower WACC of 6.5% (from 7.3%) to reflect lower stock volatility, in view of the improving business outlook. Our revised target price implies a 8x FY20 PER, in line with the preKraken impairment valuation in 2018. Downside risks include weaker-thanexpected OSV fleet utilization, continual late deployment of subsea vessels and termination of existing FPSO contracts.