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

victory015

341 posts

Posted by victory015 > 2018-08-01 13:15 | Report Abuse

barakah win new contract, still no power

boldrun88

528 posts

Posted by boldrun88 > 2018-08-01 14:48 | Report Abuse

buyer only 4%..

followKing

408 posts

Posted by followKing > 2018-08-01 16:31 | Report Abuse

the announcement make no difference :P

nasai

66 posts

Posted by nasai > 2018-08-01 16:57 | Report Abuse

moment of silence to those chase high yesterday. some had cutloss today.

Nikmon

3,010 posts

Posted by Nikmon > 2018-08-01 17:18 | Report Abuse

debt, debt and debt...the 101 ship still idle....need fresh money to pump in....i though @saltedfish said BARA had briefed Fund Manager on the strategy to bring in new partner or funding? no news yet?

nasai

66 posts

Posted by nasai > 2018-08-02 10:10 | Report Abuse

u believe what he said? kekeke

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-02 11:17 | Report Abuse

Best timing to buy now

Posted by 426845217802980 > 2018-08-02 15:19 | Report Abuse

waiting up up up ,why down down down

Posted by mike_kim319 > 2018-08-02 17:41 | Report Abuse

Drop to 0.65 -0.70 will buy

victory015

341 posts

Posted by victory015 > 2018-08-03 10:21 | Report Abuse

barakah power up to 0.16 , let's buy more

rugktl

24 posts

Posted by rugktl > 2018-08-03 10:25 | Report Abuse

Buy buy buy

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-03 11:20 | Report Abuse

Bought last week ,start taking profit

bulldog

12,157 posts

Posted by bulldog > 2018-08-03 16:15 | Report Abuse

Bot@15.5

Surge

377 posts

Posted by Surge > 2018-08-03 18:31 | Report Abuse

After digesting 31st volume, believe will continue uptrend

Posted by Mohd Yazid Mohd Ali > 2018-08-03 22:39 | Report Abuse

TP .50 CENTS by ending 2018

Kidir89

74 posts

Posted by Kidir89 > 2018-08-06 10:55 | Report Abuse

Cl, barakah

Posted by 426845217802980 > 2018-08-07 16:01 | Report Abuse

Bought last week 0.165 , now down down down omg

Posted by AlphaJuliet1708 > 2018-08-08 02:48 | Report Abuse

Hi there, BARAKAH!

Care to join PERISAI, SUMATEC & BORNOIL as a penny stock counter?

You guys will make a great team, considering that all four of you are in the oil-related business. I suggest you guys should make a joint venture instead? Just sayin' tho... since too frequently people in this platform post big hopes and dreams for their counter to 'fly' in the near future. I might as well just add this one too.

carilembu

1,249 posts

Posted by carilembu > 2018-08-08 10:33 | Report Abuse

BARAKAH KENA BAKAR

Scalp3r

194 posts

Posted by Scalp3r > 2018-08-08 19:29 | Report Abuse

Wait & see hehe

Posted by 426845217802980 > 2018-08-09 09:41 | Report Abuse

why this counter cant move, still in 0.155

bulldog

12,157 posts

Posted by bulldog > 2018-08-09 11:36 | Report Abuse

Barakah coming..

victory015

341 posts

Posted by victory015 > 2018-08-09 12:57 | Report Abuse

you all help to push the price higher, then i can huat !

bulldog

12,157 posts

Posted by bulldog > 2018-08-09 14:31 | Report Abuse

Now pushing Up...

azhargoth

84 posts

Posted by azhargoth > 2018-08-09 14:43 | Report Abuse

will stop @165

Posted by TheGodHoudini > 2018-08-09 15:50 | Report Abuse

can go any higher than 0.165?

Nikmon

3,010 posts

Posted by Nikmon > 2018-08-09 16:00 | Report Abuse

what is the good news leh

jnal

236 posts

Posted by jnal > 2018-08-09 19:20 | Report Abuse

Barakah got new contract from sapura for maintenance..

snwong13

720 posts

Posted by snwong13 > 2018-08-09 20:27 | Report Abuse

.
OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD AWARD OF CONTRACT
BARAKAH OFFSHORE PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description BARAKAH OFFSHORE PETROLEUM BERHAD

AWARD OF CONTRACT
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 a Letter of Award from Sapura Exploration and Production (PM) Inc. for the provision of Pan Malaysia Maintenance, Construction and Modification (PM-MCM) Contractor for 2018-2023 Package A (West Malaysia)(hereinafter referred to as “Contract”).

INFORMATION ON THE CONTRACT
The scope of the Contract will generally include maintenance, construction and modification work for structures and facilities for the client’s oil and gas fields offshore Peninsular Malaysia. The total value of the Contract is not fixed and will depend on the actual scope based on work orders to be issued by the client from time to time throughout the duration of the Contract. The Contract duration is for up to five (5) years effective from 11 July 2018 in accordance with the terms and conditions of the Contract.

FINANCIAL EFFECTS

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 9 August 2018.

turbofast

257 posts

Posted by turbofast > 2018-08-09 20:30 | Report Abuse

Huat ah

turbofast

257 posts

Posted by turbofast > 2018-08-09 20:31 | Report Abuse

KUALA LUMPUR (Aug 9): Barakah Offshore Petroleum Bhd has been awarded a five-year contract to provide maintenance, construction and modification (MCM) services for Sapura Energy Bhd's oil and gas fields offshore Peninsular Malaysia.

Its wholly-owned subsidiary PBJV Group Sdn Bhd won the contract from Sapura Exploration and Production Inc to provide the services from 2018 to 2023, said Barakah in a filing with the stock exchange today.

The contract, which is effective July 11, has no fixed value and will be based on work orders, which will be issued by the client from time to time during the duration of the contract, said Barakah.

The group expects positive contribution from the contract towards the earnings and net assets per share of the group for the duration of the contract.

"We are pleased to have secured these MCM contracts. These contracts are expected to contribute positively to the group's bottom line and replenish our orderbook, while keeping us occupied for the next five years," Barakah's chief executive officer Nik Hamdan Daud said in a separate statement.

"Moving forward, we believe 2019 will be an exciting year for us as more oil and gas projects are expected to come on stream following a recovery in the sector," he added.

Barakah's share price rose 1.5 sen or 10% to close at 16.5 sen today, for a market capitalisation of RM136.36 million.

Nikmon

3,010 posts

Posted by Nikmon > 2018-08-09 20:35 | Report Abuse

i thought got white knight.....tomorrow bye bye

victory015

341 posts

Posted by victory015 > 2018-08-10 09:17 | Report Abuse

today barakah can go to 0.17

jeffng570

520 posts

Posted by jeffng570 > 2018-08-10 10:03 | Report Abuse

haha..barakah and sapura also is a con counter....becareful my fren

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-10 10:29 | Report Abuse

huge profit incoming kikiki

victory015

341 posts

Posted by victory015 > 2018-08-10 11:07 | Report Abuse

con counter or not, as long as can make money, it is good

saltedfish

3,282 posts

Posted by saltedfish > 2018-08-10 11:15 | Report Abuse

欲振乏力

Boomerang

310 posts

Posted by Boomerang > 2018-08-10 19:50 | Report Abuse

Lapsap counter

moneypedia

5,987 posts

Posted by moneypedia > 2018-08-10 20:32 | Report Abuse

come to papa come to papa bucuk bucuk

Nikmon

3,010 posts

Posted by Nikmon > 2018-08-10 23:53 | Report Abuse

i guess this coming quarter result should be suck

victory015

341 posts

Posted by victory015 > 2018-08-14 13:23 | Report Abuse

it is quiet in barakah channel

saltedfish

3,282 posts

Posted by saltedfish > 2018-08-17 11:19 | Report Abuse

Close eyes and accumulate. Good news coming

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-17 11:32 | Report Abuse

Good job ! keep rising....

Jomkaya4

39 posts

Posted by Jomkaya4 > 2018-08-18 22:51 | Report Abuse

yesss

Jomkaya4

39 posts

Posted by Jomkaya4 > 2018-08-18 22:51 | Report Abuse

tp.24sen monday

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-08-20 11:08 | Report Abuse

wah, suddenly fly because of no road block today. Profit everyday thanksss

jnal

236 posts

Posted by jnal > 2018-08-22 16:22 | Report Abuse

QR coming soon

Posted by ZeroCityHunter > 2018-08-22 20:39 | Report Abuse

how how qr, bet win onot

jnal

236 posts

Posted by jnal > 2018-08-23 10:56 | Report Abuse

Hope bad..let it cheap sell..he3..b4 oil price naik lo..time for collect b4 end of year..

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