The purchase price will be settled via a US$5.5 million (RM23 million) deposit, of which US$4.5 million has been paid by CESL to AOL and the remaining to be payable before the end of 2019. A sum of US$11.6 million will be fully settled against amounts owed by companies within the Bumi Armada group to CESL as at July 31, 2019.
In addition, additional vessel expenses from August 1, 2019 up to the date the vessel is delivered to CESL will be set off against the purchase price. Another US$5 million will be paid to the group on or before the date of six months after the delivery date or when oil is first produced in the field, whichever is earlier. The remaining balance of US$17.9 million will be payable within two years from the first oil date.
Market hv no memory. After good Q4, 19 report will set tone for 2020. Price will rally until Dec.
Then if there is impairment at all, will appear on Q4,20 report on Feb,21.
U wanna worry for things that’s one year ahead and lost the opportunity now. Upto u la. It’s ur money. If u wanna stay away, GTFO, there are 1100 counters out there that deserve ur time and investment. Why here?
The reason is...there is money to make. Either u haven’t get the price u want or u shorting to cover ur ass later today.
I'm here, always been here - reading all these comments with great amusement. I would recommend further speculations, predictions and obsessions over what I have or have not done :) Reminds me of the infamous Pearlwhite who concluded after much investigations that I was a Corporate Finance Manager at Usaha Tegas haha.
From annie87:
Feb 2, 2020 10:46 AM Mikekim will say that he sold off all his shares due to current market condition. He will buy back until further notice. watch out
Feb 3, 2020 10:25 AM from today share crisis, I notice RJ87, Panda and Paktua are good guys. Mikekim and IK actually holding zero shares, when the shares up, buy on dip buy on dip, when the shares down, disappear. now the shares up back, they might come out say something good about armada
From bullrun1985:
Feb 1, 2020 5:43 PM Mikekim and IK extremely quiet now. I think they may sell off their shares in advance on Next Monday. buy on dip method should be buried under the armada ship. its too late liao as next monday will gap down 3 cents. but might pull back to 0.355 in the afternoon. who knows
Feb 2, 2020 9:17 AM Mikekim is not real or juz a troopers or so called operator. he extremely quiet this 2 days, many ppls kena trapped becoz listen to his buy on dip method. especially RJ87, a high ambitious and ego like to fight person, end up with his karma, all of his money including margin may gone for this time
Feb 3, 2020 10:14 AM I predict The Mighty Mikekim will come out say something soon
Feb 4, 2020 1:49 PM RJ87, how many shares you bought today? your 2 bros Mikekim and IK missing in action, may be they will come out after the price over 0.45
While many people like to speculate what other people do here, I'll provide some useful, factual updates on Kraken. CEO of Enquest commented that Kraken's performance has been excellent, with production efficiency above 90% for much of 2H2019.
Enquest operations update (4 Feb 2020):
2019 performance Production up c.24% year on year, driven by Magnus acquisition and improved Kraken uptime
Average Group production was 68,606 Boepd; towards the higher end of guidance of 63,000 to 70,000 Boepd
Continued strong performance at Magnus, with production efficiency of more than 80% combined with enhanced reservoir management, well interventions and plant debottlenecking
Kraken average gross production of 35,704 Bopd was above the top end of guidance reflecting improved FPSO performance.
EnQuest Chief Executive, Amjad Bseisu, said:
“The Group has again delivered on its operational targets, growing production by 24%. Kraken performance in particular has been excellent, with production efficiency above 90% for much of the second half of the year.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mabel
24,087 posts
Posted by Mabel > 2020-02-04 10:23 | Report Abuse
I'm really happy that collect two good batches last week. Now profits oledi ...
Meow..