BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.055

Today's Change

+0.005 (10.00%)

Day's Change

0.05 - 0.055

Trading Volume

14,058,400


20 people like this.

16,346 comment(s). Last comment by Kotaro 1 week ago

Spyron_09

388 posts

Posted by Spyron_09 > 2018-06-29 10:05 | Report Abuse

move together..
BARAKAH and ICON.
Index also turn to green.
no more shy already ICON!!!!
good luck guys!

ajaaja

459 posts

Posted by ajaaja > 2018-06-29 10:09 | Report Abuse

hehe. ICON come and go lah..
Early morning sempat done 0.125. SOld 0.14..

Now ICON dah sleep...

Spyron_09

388 posts

Posted by Spyron_09 > 2018-06-29 10:14 | Report Abuse

not yet bro...
u go short trading is fine..
but ICON can go further..
more bigger than BARAKAH.
let`s watch !

ajaaja

459 posts

Posted by ajaaja > 2018-06-29 10:26 | Report Abuse

out of topic, sometime I wonder why those warrant going to expired very soon (another 2-3 month) - price getting higher and more active?

Anyone know the reason?

Nikmon

3,010 posts

Posted by Nikmon > 2018-06-29 10:46 | Report Abuse

their biggest problem is the '101 spaceship', can't lease, can't sell floating on the sea catch fish.....just sell it lah

Nikmon

3,010 posts

Posted by Nikmon > 2018-06-29 10:52 | Report Abuse

they have defer payment to bank until 2019 which only 6 months left, if still can't lease or can't sell the 101.....what would be next if no new fund come in...P17. the CEO need to make deliberate decision to bring in new stakeholder and fun, should give up a substantial of stakes with reasonable price amid the high pile debt own by the company.....

Harold Huong

1,036 posts

Posted by Harold Huong > 2018-06-29 12:29 | Report Abuse

Already make money and sold all 0.140, no greedy

ajaaja

459 posts

Posted by ajaaja > 2018-06-29 15:27 | Report Abuse

Best Q @ 0.125

Bullcoming

848 posts

Posted by Bullcoming > 2018-06-29 15:56 | Report Abuse

Many contract release, expect Barakah May secure some. Especially Sarawak based. I m optimistic on this counter.

Risk Trader

3,942 posts

Posted by Risk Trader > 2018-06-29 21:40 | Report Abuse

Buy. 0.115 cent and sold 0.135 cent...fall below 0.12 cent will buy back

Risk Trader

3,942 posts

Posted by Risk Trader > 2018-06-29 23:53 | Report Abuse

The tips very simple...buy on dip and sell on breakout

Harold Huong

1,036 posts

Posted by Harold Huong > 2018-06-30 19:21 | Report Abuse

Let make money together here

Posted by PanjiAlam55 > 2018-07-01 00:49 | Report Abuse

wat TP will be next Monday?

Posted by meng7266 > 2018-07-01 09:48 | Report Abuse

Yes Let make money together

Bullcoming

848 posts

Posted by Bullcoming > 2018-07-01 20:40 | Report Abuse

KUCHING (July 1): The Sarawak state government has begun exercising its power under the state laws relating to oil and gas (O&G) activities in the state today, including through the Gas Distribution Ordinance 2016 which also came into force on this date.

“Regulations made under the ordinance on licensing have been approved by the state government and the process of implementing it will commence immediately,” according to the statement issued by the Sarawak Chief Minister Office today.

Chief Minister Datuk Patinggi Abang Johari Tun Openg had on March 6 announced that the state government would begin to exercise its power under the state laws relating to O&G activities in the state effective July 1.

The statement said as for the state laws, which are already in force like the Oil Mining Ordinance 1958 and the Land Code 1958, the relevant state authorities would begin the process of ensuring compliance with these laws, including gathering the necessary information from all industry players as well as forging a more detailed and comprehensive engagement with them.

It further said that the state government accepted that this process would take time and hence, industry players would be permitted to conduct their business and operations as usual up to the end of 2019 while at the same time taking the necessary steps to ensure compliance with the state laws.

Nikmon

3,010 posts

Posted by Nikmon > 2018-07-01 23:00 | Report Abuse

more uncertainty ahead....

Posted by Zaidy Sharipudin > 2018-07-02 10:11 | Report Abuse

Today up

Bullcoming

848 posts

Posted by Bullcoming > 2018-07-02 10:48 | Report Abuse

Matter of time this counter will move further.

Nikmon

3,010 posts

Posted by Nikmon > 2018-07-02 11:04 | Report Abuse

aiks....this idiot Trump is the culprit of the depress stock market....just hope the trade war could be avoided by this Friday.

upshare

3,239 posts

Posted by upshare > 2018-07-02 13:24 | Report Abuse

Going down..

signalmw

3,314 posts

Posted by signalmw > 2018-07-02 13:27 | Report Abuse

SINGAPORE: Oil prices fell by more than one percent on Monday as investors eyed rising supplies in Saudi Arabia, while U.S. President Donald Trump kept up the pressure on the world's top producer to make up for disruptions elsewhere.

RioStock

62 posts

Posted by RioStock > 2018-07-03 10:09 | Report Abuse

Trumpolin..

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2018-07-03 22:20 | Report Abuse

Luckily didn't chase. Was thinking of buying at 14 sen...then suddenly drop.

Posted by joeylee2013 > 2018-07-03 22:49 | Report Abuse

Kiasi don't play market

Posted by pineprofit > 2018-07-03 22:55 | Report Abuse

Lol

mohamsu

125 posts

Posted by mohamsu > 2018-07-04 07:23 | Report Abuse

new contract coming in and share negotiation with SD ongoing...can start collect

afifi

2,036 posts

Posted by afifi > 2018-07-04 07:57 | Report Abuse

i first red ...you, mohamsu..
any tips for comfirm
let share..with me..
your talk look cfident

Posted by Johnny Tong > 2018-07-04 08:10 | Report Abuse

Hopefully will up soon

mohamsu

125 posts

Posted by mohamsu > 2018-07-04 08:42 | Report Abuse

Wait n see...internal info closed to the top mgmt

lssy

23 posts

Posted by lssy > 2018-07-04 09:56 | Report Abuse

wah... so many god of barakah !
mohamsu, you are 2nd after risk trader...
please don't bluffing here and make newbie bleeds...

Looiks

5,493 posts

Posted by Looiks > 2018-07-04 11:52 | Report Abuse

Hehehe......he might be correct

Nikmon

3,010 posts

Posted by Nikmon > 2018-07-04 16:23 | Report Abuse

Stock: [THHEAVY]: TH HEAVY ENGINEERING BERHAD
Jan 25, 2018 06:55 AM | Report Abuse
mohamsu: Good news...soon will out from P17

Fact -->TH Heavy Engineering Bhd said it will undergo a kitchen-sinking exercise so it can start with a clean slate and exit the Practice Note 17 (PN17) status by the first quarter of next year 2019

Nikmon

3,010 posts

Posted by Nikmon > 2018-07-04 16:25 | Report Abuse

not sure mohamsu lie or not, but base on his record where he lie about the TH exit P17 soon on January 2018, but in fact the TH target to out from P17 on 2019.

better discount his comment and judge by yourself before bet on it.

Nikmon

3,010 posts

Posted by Nikmon > 2018-07-04 16:52 | Report Abuse

tonight would be the last chance for US to avert the tariff on China, cause China will impose the tariff tomorrow midnight due to China time zone is 12 hours aheand of US...

Nikmon

3,010 posts

Posted by Nikmon > 2018-07-04 17:03 | Report Abuse

no doubt Barkah are teaming up with few parties bidding projects, just hope all the best.

mohamsu

125 posts

Posted by mohamsu > 2018-07-04 17:08 | Report Abuse

Internal news...confirm major shareholder selling his portion. The price..!!!

snwong13

720 posts

Posted by snwong13 > 2018-07-04 18:20 | Report Abuse

.
OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD WORK ORDERS FOR CONTRACT
BARAKAH OFFSHORE PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description BARAKAH OFFSHORE PETROLEUM BERHAD

WORK ORDERS FOR CONTRACT
INTRODUCTION

On 8 December 2015, Barakah Offshore Petroleum Berhad ("Barakah" or the “Company") announced that its wholly owned subsidiary company, PBJV Group Sdn Bhd (“PBJV”), has received the Letter of Award from PETRONAS Gas Bhd (“PGB”) for the Provision of Repair and Maintenance of Sabah Sarawak Gas Pipeline (“Contract”). The Contract duration is for two years from 1 December 2015 until 30 November 2017. PGB has the option to extend the Contract period for an additional one year. The Contract has since been extended by PGB until 30 November 2018.

INFORMATION ON THE CONTRACT

The Sabah Sarawak Gas Pipeline (“SSGP”) is a network of onshore pipeline that link Sabah Oil and Gas Terminal in Kimanis, Sabah and PETRONAS LNG Complex in Bintulu, Sarawak. The length of the pipeline is 512km. The scopes of the Contract include inspection, testing, repair and maintenance of the pipes and related infrastructures to maintain the pipeline integrity.

The value of the Contract will depend on the number of work programs to be carried out for the duration of the Contract based on unit rates specified in the Contract. For 2018 year todate, PBJV has received total work programs for the Contract to the value of about RM133 million, which will beexecuted within this year.

FINANCIAL EFFECTS

The work programs received for the Contract are expected to contribute positively towards the earnings and net assets per share of Barakah Group for the current financial year ending 31 December 2018.

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 shareholdesrs 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 4 July 2018.

Nikmon

3,010 posts

Posted by Nikmon > 2018-07-04 18:46 | Report Abuse

is this the new contract mentioned by @mohamsu

snwong13

720 posts

Posted by snwong13 > 2018-07-04 19:09 | Report Abuse

.
"The Contract duration is for two years from 1 December 2015 until 30 November 2017. PGB has the option to extend the Contract period for an additional one year. The Contract has since been extended by PGB until 30 November 2018."

mohamsu

125 posts

Posted by mohamsu > 2018-07-04 19:18 | Report Abuse

This is small...wait for big project annou. Contract 5+1!!!

mohamsu

125 posts

Posted by mohamsu > 2018-07-04 19:20 | Report Abuse

Sorry..the value app 250mill

turbofast

257 posts

Posted by turbofast > 2018-07-04 21:05 | Report Abuse

Good job positive

Nikmon

3,010 posts

Posted by Nikmon > 2018-07-04 21:12 | Report Abuse

good news on the contract, but just the timing of announcement is questionable, the contract is extended on last year but announced today which expire soon.....anyway enjoy tomorrow rally.

tomorrow would be the last rally if the trade war on Friday could not be avoided.

turbofast

257 posts

Posted by turbofast > 2018-07-04 22:13 | Report Abuse

If you are afraid, leave the stock market

RioStock

62 posts

Posted by RioStock > 2018-07-05 09:10 | Report Abuse

Up..up..up..

turbofast

257 posts

Posted by turbofast > 2018-07-05 09:13 | Report Abuse

2019 oil price maybe over 100

Looiks

5,493 posts

Posted by Looiks > 2018-07-05 10:19 | Report Abuse

Hehehe..... I told u yesterday

Nikmon

3,010 posts

Posted by Nikmon > 2018-07-05 11:04 | Report Abuse

all oil counters gone up ........

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