Type Announcement Subject OTHERS Description BUMI ARMADA BERHAD - DISSOLUTION OF INACTIVE SUBSIDIARY Bumi Armada Berhad (“BAB”) wishes to announce that its wholly-owned indirect subsidiary, Bumi Armada Do Brasil Servicos Maritimos LTDA (“BADBSM”), was dissolved on 22 July 2021 upon the Board of Trade’s approval obtained on 28 July 2021 on the registration of the Minutes of Quotaholders’ Meeting.
BADBSM was incorporated on 7 May 2011 in Brazil. The issued capital of BADBSM was R$12,382,409.00 comprising shares of R$1.00 each.
BADBSM was principally involved in providing support services for the offshore operations of the industry of exploration, development and production of oil, natural gas and other hydrocarbons.
BADBSM has been inactive since 2019. The dissolution of BADBSM is in line with BAB Group’s streamlining exercise and is not expected to have any material impact on the earnings or net assets of BAB Group for the financial year ending 31 December 2021.
None of the Directors or Major Shareholders of BAB or persons connected to them have any interest, direct or indirect, in the dissolution of BADBSM.
With political uncertainty, this is the best time to buy on weakness. We won't know the lowest price before it rebound. Just top up happily today and standby more for the coming few days
Euro will ban crude oil. US, Norway, Middle Eastern and fifth world countries will seek exemptions.
Oil Industry Will be just like the whaling industry. Those who partake of whale killings and human killings will be held in contempt. But the killings of whales and humans will continue.
Mercedes is already going for 100% electric cars in just a short while more. UK is on course to ban crude oil for cars in just few more years.
Oil assets will be left stranded and of not much value.
Armada constructor is still out of work. Kraken production is averaging at 32,000 Bopd for first 4 months which is below 38, 000 Bopd average last year.. It is attractive at this price. will be better below 0.40. :)
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....
Bon888
3,381 posts
Posted by Bon888 > 2021-07-30 13:21 | Report Abuse
When it will reach 0.40?