Posted by zamsahem > 2015-12-21 09:05 | Report Abuse

TP RM1.10 in short term. We'll see

Posted by SHQuah > 2016-01-01 12:43 | Report Abuse

DUBAI (Reuters) - President Hassan Rouhani ordered his defence minister on Thursday to expand Iran's missile programme, in response to a U.S. threat to impose sanctions over a ballistic missile test Iran carried out in October.

http://www.thestar.com.my/news/world/2016/01/01/rouhani-says-iran-has-right-to-develop-missiles-expands-programme/

Posted by SHQuah > 2016-01-01 12:44 | Report Abuse

Sanction could help oil price up again

Posted by SHQuah > 2016-01-19 16:22 | Report Abuse

http://www.marketwatch.com/story/could-this-surprising-factor-save-oil-from-iran-fueled-slide-2016-01-15

a 6.4% reduction in Russian oil exports would translate into a drop of around 460,000 barrels a day, according to the Telegraph.

Posted by SHQuah > 2016-01-29 14:40 | Report Abuse

Barakah Offshore Petroleum Berhad ("Barakah" or the “Company") is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (“PBJV”), has received the 2016 work scope for the Transportation and Installation Of Offshore Facilities for Year 2014-2016 (“Work Scope”).
The two pipeline projects under the Work Scope are P1 and P2. P1 refers to the Bardegg and Baronia Pipeline 24” x 43km TTJT-A to BNCPP-B and the tentative installation date is March 2016. P2 refers to Bardegg and Baronia Pipeline 24” x 125 km DNCPP-B to E11RC and the tentative installation date is May 2016.

Posted by SHQuah > 2016-01-29 14:41 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4989325

Posted by King Musang > 2016-01-29 23:34 | Report Abuse

See my comment above back in Dec-15, no wonder Nik keep collecting...haha...huat ahhh

Posted by 891088 > 2016-02-03 19:23 | Report Abuse

Maybank Tp revise 65cts

Posted by thesteward > 2016-02-15 20:12 | Report Abuse

wah last min got buyers sapu .735

Posted by zbaikitree2 > 2016-02-15 20:15 | Report Abuse

Berekah... laosai stock

Posted by King Musang > 2016-02-16 20:03 | Report Abuse

More contract but share no volume...sick counter....

Posted by SimonShuet > 2016-02-16 20:14 | Report Abuse

Will it hv any leverage ?

Posted by joni > 2016-02-17 09:10 | Report Abuse

foresee oil price going higher; 0.78 sure can go.

Posted by mdzukri09 > 2016-02-19 15:45 | Report Abuse

Finally...0.78 sell hihihihihihi

Posted by thesteward > 2016-02-21 22:20 | Report Abuse

hehehe

Posted by SHQuah > 2016-03-25 13:25 | Report Abuse

http://www.theedgemarkets.com/my/article/petronas-continue-investing-eor

Posted by SHQuah > 2016-03-25 13:25 | Report Abuse

UALA LUMPUR (Mar 25): State-owned Petroliam Nadional Bhd (Petronas) is going to continue pursuing its enhanced oil recovery (EOR) projects, as it becomes more indispensable in this low oil price environment.

The group's head of technology Dr Nasir Darman said at a media conference today that Petronas's investment in upstream technology is constantly updated in order to better the execution in the EOR sector.

"To put things into perspective, the need for technology now is even greater when we face a downturn. When crude oil was at US$100 a barrel, the need might not be as stringent as at the time when oil is traded at US$40," he said at one of the media discussions at the Offshore Technology Conference Asia (OTCA 2016).

"Our technology is still focused on what we have pursued since 2002, when we set EOR as an agenda."

EOR is essentially the implementation of various techniques to maximise the extraction of oil from an oil field.

This should bring a sigh of relief to many oil-related service providers, who have been vying for contracts in the area. Recently, Barakah Offshore Petroleum Bhd won a contract to install two gas pipelines under the Petronas Carigali-operated Baram Delta Gas Gathering Project 2 (Bardegg 2) and Baronia enhanced oil recovery project offshore Miri, Sarawak.

Posted by master_tan > 2016-03-27 12:29 | Report Abuse

Good news to Barakah

Posted by CUTLOST > 2016-03-31 18:04 | Report Abuse

80cts soon

Posted by yingkang87 > 2016-04-06 22:26 | Report Abuse

barakah can buy??

Posted by Ven Felix > 2016-04-06 22:29 | Report Abuse

Ea better.

Posted by snwong13 > 2016-04-13 06:57 | Report Abuse

;
http://www.theweek.co.uk/oil-price/60838/oil-price-rises-ahead-of-doha-summit-but-analysts-warn-of-slump
.
http://www.cnbc.com/2016/04/12/why-the-oil-price-spike-is-a-risk-for-markets.html

Posted by snwong13 > 2016-04-13 07:08 | Report Abuse

.
http://uk.reuters.com/article/us-crude-oil-futures-brent-futures-pare-idUKL2N17F21L

Posted by snwong13 > 2016-04-14 06:24 | Report Abuse

.
http://www.cnbc.com/2016/04/13/saudi-oil-minister-rules-out-crude-output-cut-report.html

Posted by snwong13 > 2016-04-14 06:28 | Report Abuse

;
http://www.wsj.com/articles/oil-prices-drop-on-production-freeze-pessimism-1460542323

Posted by snwong13 > 2016-04-19 23:12 | Report Abuse

.
Short position players, here's your possible chance!..
Thanks Kuwait but I still believe in oil fundamental for long position investment!

http://www.cnbc.com/2016/04/19/kuwait-strike-halts-oil-downspin--but-will-it-last.html

www.cnbc.com/2016/04/18/crude-prices-edge-up-on-kuwait-oil-worker-strike.html

Posted by SHQuah > 2016-06-07 16:34 | Report Abuse

Buy now and fast. Oil price very strong could hit US$60 soon.
Next year between US$80 to $90

Posted by SHQuah > 2016-06-08 07:36 | Report Abuse

Oil going to $60, companies to start spending again: Oil CEOs

http://www.cnbc.com/2016/06/07/oil-going-to-60-companies-to-start-spending-again-oil-ceos.html

Posted by boost > 2016-06-09 10:12 | Report Abuse

Any idea why more people prefer Hibiscs than Barakah?

Posted by SHQuah > 2016-06-13 14:20 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5121741

Barakah Offshore Petroleum Berhad ("Barakah" or the “Company") is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (“PBJV”) has received the Letter of Award from Murphy Sarawak Oil Co Ltd, Murphy Sabah Oil Co Ltd and Murphy Peninsular Malaysia Oil Co Ltd (collectively referred to as “Murphy”), for an umbrella contract for the provision of welding services for drilling and subsea program (“Contract”).

Posted by skyz > 2016-06-30 11:38 | Report Abuse

i just remembered i have shares in this counter. lol, as good as gone

Posted by steveooikp > 2016-07-08 10:35 | Report Abuse

skyz
I am still holding
very scary

Posted by steveooikp > 2016-07-08 10:35 | Report Abuse

shd we buy more ?

Posted by SHQuah > 2016-07-08 11:22 | Report Abuse

SINGAPORE (July 7): Ernst & Young’s recent survey “Capitalizing on opportunities: Private equity investment in oil and gas” found that 43% of the 100 private equity (PE) firms surveyed were planning acquisitions in the oil & gas sector for the first half year period of 2017.

That is up from the 25% figure before the end of 2016.

EY noted that favourable asset valuations and oil price consensus were among the main reasons for the planned acquisitions.

Furthermore, all of the respondents expected the Asia-Pacific region to see higher buyout activity in 2017, given lower costs, ease of doing business, and general macroeconomic growth which was drawing investors to the region.

44% of respondents were also in favour of the upstream or the midstream sectors for the best return on investment.

DBS analyst Ho Pei Hwa observed that the increased PE activity would make the upstream O&G segment more attractive to investors “if one believes that oil prices will recover further”.

“However, we would like to see more non-PE driven M&A activity, especially in the services segment, as that would more likely help spark a rationalisation of assets and capacity,” she writes in a note on Monday.

Posted by Reborn Teh > 2016-07-11 21:25 | Report Abuse

should we hold ? hahaha

Posted by SEEMAL > 2016-07-11 21:28 | Report Abuse

nothing great

Posted by King Musang > 2016-08-08 17:43 | Report Abuse

Coming alive soon...

Posted by Luqman Michel > 2016-08-22 14:32 |

Post removed.Why?

Posted by King Musang > 2016-08-31 15:23 | Report Abuse

So many contract awarded in recent month, share keep going down..useless counter

Posted by tangen1985 > 2016-09-01 13:12 | Report Abuse

Yup...u r right. Useless counter.. stuck money cant do much

Posted by RichandRich > 2016-09-01 21:21 | Report Abuse

may be too early to draw conclusion.

Posted by steveooikp > 2016-09-26 16:28 | Report Abuse

how?

Posted by steveooikp > 2016-09-29 13:44 | Report Abuse

armanda up ,,, barakah why no action

Posted by steveooikp > 2016-09-30 06:57 | Report Abuse

order book is Billions.... why can't move

Posted by steveooikp > 2016-09-30 08:36 | Report Abuse

lousy counter

Posted by RichandRich > 2016-10-25 13:04 | Report Abuse

It seems this counter needs some time to reflect its fair value.

Posted by steveooikp > 2016-11-03 07:28 | Report Abuse

good order book, 67 sen I believe is only temporary.

Posted by steveooikp > 2016-11-16 16:17 | Report Abuse

INTRODUCTION



Barakah Offshore Petroleum Berhad ("Barakah" or the “Company") is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (“PBJV”), has received the Letter of Award from Sabah Shell Petroleum Company Ltd (“SSPC”) for the Provision of Effluent Discharge Pipeline Replacement for Labuan Crude Oil Terminal (“Contract”).



INFORMATION ON THE CONTRACT



Labuan Crude Oil Terminal (“LCOT”) is a facility operated by SSPC that receive, dehydrate, store and export crude from fields located offshore Sabah which are operated by SSPC, PETRONAS Carigali and Repsol via two incoming trunk lines. The processed crude is then exported to tankers and the produced water is treated prior to disposal into the South China Sea via the effluent discharge pipeline.



The Contract involves Engineering, Procurement, Construction, Installation and Commissioning of a new effluent discharge pipeline in LCOT. The transportation and installation shore approach involves the stringing of the new pipeline in the beach area in the vicinity of LCOT. The pipeline will then be towed into the water and buried under the seabed.



FINANCIAL EFFECTS


The lump-sum Contract having a value of more than RM25 million is effective from October 2016 until the completion of the project, estimated to take approximately 2 years. The Contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the Contract.



RISK FACTORS



Risk factors affecting the Contract include, but not limited to, execution risks such as availability of skilled manpower and materials and changes in prices of materials. Barakah Group has, throughout the years, established its track record and expertise to undertake such projects.



As such, the management of Barakah Group believes that the Group is able to mitigate the abovementioned risk factors.



DIRECTORS AND MAJOR SHAREHOLDERS' INTEREST


None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of the Company has any direct or indirect interest in the Contract.


This announcement is dated 10 November 2016.

Posted by steveooikp > 2016-11-16 16:18 | Report Abuse

constantly got projects awarded ---- can't understand why this counter seem abandon.

Posted by Aleo Low > 2016-11-18 05:10 | Report Abuse

Omg they said will hold another 2years before goreng again... faaak