Posted by Felix888 > 2023-06-11 16:06 | Report Abuse

The windfall tax - 75% of North Sea oil and gas production profits - will continue for the next five years but the government has announced that if prices fall to historically normal levels for six months the tax rate for oil and gas companies will return to 40%.

The global oil price has returned to normal level. It is time to revise the windfall tax. No point drilling more wells to pay for 75% tax, that's crazy.

Posted by Mikecyc > 2023-06-11 16:07 |

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Posted by Mikecyc > 2023-06-11 16:09 |

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Posted by Felix888 > 2023-06-11 16:11 | Report Abuse

The SLA is 95% uptime. Failing this Armada would get 70% to 80% of full charter rate for entire year. This is the only penalty. 30% of USD 500k per day is a huge amount of penalty.

Posted by Mikecyc > 2023-06-11 16:14 |

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Posted by Felix888 > 2023-06-11 16:15 | Report Abuse

FPSO Claire sold and closed case.

Posted by Felix888 > 2023-06-11 16:16 | Report Abuse

Mouse are you historian or investor? Why keep posting historical news.

Posted by Mikecyc > 2023-06-11 16:18 |

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Posted by Mikecyc > 2023-06-11 16:20 |

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Posted by Felix888 > 2023-06-11 16:23 | Report Abuse

Windfax tax has badly impacted EnQuest share price (Down 25% YTD) but it doesn't impact on Armada revenue because Armada maintain 95% uptime will continue get the full daily charter rate.

This shut in problem will be resolved in no time and new Cameia FPSO is expected to be awarded to Armada. If you missed last week, trmw is last chance you get some Armada shares.

Posted by Felix888 > 2023-06-11 16:27 | Report Abuse

This contract is for Armada to reimburse time and material cost from EnQuest. Reimbursement is not equal to Penalty.

Mabel are you sure this Mouse is Sifu level? 🤔 Could you share more about him.

Posted by Mikecyc > 4 minutes ago | Report Abuse

Haha Reimbursement Contract Operations and Maintenance for 8 years is still Valid loh …

Posted by Mikecyc > 2023-06-11 16:30 |

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Posted by Mikecyc > 2023-06-11 16:32 |

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Posted by Felix888 > 2023-06-11 16:36 | Report Abuse

If this downtime period impacted the 95% uptime SLA. The penalty is a huge amount. We are talking about 30% * USD 500K * remaining working days in 2023. You calculate how much potential lost.

Bumi Armada has to give investors a heads up on the potential lost.

Posted by Mikecyc > 2023-06-11 16:39 |

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Posted by Felix888 > 2023-06-11 16:40 |

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Posted by UlarSawa > 2023-06-11 16:50 |

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Posted by UlarSawa > 2023-06-11 16:51 |

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Posted by Mabel > 2023-06-11 21:31 | Report Abuse

#Felix888 This contract is for Armada to reimburse time and material cost from EnQuest. Reimbursement is not equal to Penalty.

Mabel are you sure this Mouse is Sifu level? 🤔 Could you share more about him.

Posted by Mikecyc > 4 minutes ago | Report Abuse

Haha Reimbursement Contract Operations and Maintenance for 8 years is still Valid loh …
11/06/2023 4:27 PM

Haha Felix888

Of course he is. Mabel has engaged with debate with Sifu Mickey Mouse since 2019 and it all started right here in Armada follow by many more counters. You can view our debate in this Forum from 2019 when Armada was trading below 15 sen.

Usually he always win as he is always very resourceful and hard working. If you disagree with him, he will honor you with a nice title. As you can see from the list below, many of us already got nice title from our Sifu Mickey Mouse.

Right now for the 1st time, Mabel is on the same page with Sifu Mickey Mouse in Air Asia. This is great. Thanks to his resourcefulness to fend negative comments on Air Asia, Air Asia has been so steady. As Mabel mentioned earlier, although Mabel has many other collection, now Mabel is watching closely SE, Air Asia and Armada. Potential Mabel's Lobster and Abalone Dinner and Lunch.

Take it easy with Sifu Mickey Mouse. He may look tough, but deep inside he is a nice fighters. He just wang to make sure that you all don't lose money..

To Our Success !

Meow Meow Meow

Stock: [ARMADA]: BUMI ARMADA BERHAD

8 hours ago | Report Abuse

accuses sslee
accuses leno
accuses raider
accuses Ularcacing
accuses tut tut
accuses PSAi3alert
accuses Bobaxelrod
accuses Kon Mabell
accuses Bon888 aka Felix888
accuses Calvin Tan

accuses 99.99% in i3 forum

Posted by UlarSawa > 2023-06-11 21:53 |

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Posted by UlarSawa > 2023-06-11 21:55 |

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Posted by Felix888 > 2023-06-11 23:35 | Report Abuse

Hi Mabel:
I read Mouse`s post in 2019. He posted a list of negative facts about Armada. During that time period Armada was on uptrend toward 0.60. The uptrend actually ended because of Covid pandemic. Toward the end of 2019 Armada already in the recovery path.

The uptrend has to restarted from 0.115 after the Covid.


Posted by Mabel > 1 hour ago | Report Abuse

#Felix888 This contract is for Armada to reimburse time and material cost from EnQuest. Reimbursement is not equal to Penalty.

Mabel are you sure this Mouse is Sifu level? 🤔 Could you share more about him.

Posted by Mikecyc > 4 minutes ago | Report Abuse

Haha Reimbursement Contract Operations and Maintenance for 8 years is still Valid loh …
11/06/2023 4:27 PM

Haha Felix888

Of course he is. Mabel has engaged with debate with Sifu Mickey Mouse since 2019 and it all started right here in Armada follow by many more counters. You can view our debate in this Forum from 2019 when Armada was trading below 15 sen.

Usually he always win as he is always very resourceful and hard working. If you disagree with him, he will honor you with a nice title. As you can see from the list below, many of us already got nice title from our Sifu Mickey Mouse.

Right now for the 1st time, Mabel is on the same page with Sifu Mickey Mouse in Air Asia. This is great. Thanks to his resourcefulness to fend negative comments on Air Asia, Air Asia has been so steady. As Mabel mentioned earlier, although Mabel has many other collection, now Mabel is watching closely SE, Air Asia and Armada. Potential Mabel's Lobster and Abalone Dinner and Lunch.

Take it easy with Sifu Mickey Mouse. He may look tough, but deep inside he is a nice fighters. He just wang to make sure that you all don't lose money..

To Our Success !

Meow Meow Meow

Posted by Felix888 > 2023-06-12 00:13 |

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Posted by Mikecyc > 2023-06-12 00:26 |

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Posted by Felix888 > 2023-06-12 00:34 | Report Abuse

Dec 2019 hit 0.55 after that Covid melt-down started in Jan 2020.

My average 0.36. I can't remember how many batches I bought, but certainly have a few batches below 0.20.

Posted by Felix888 > 2023-06-12 00:36 | Report Abuse

Anyway I have provided you all required information but you not dare to take the challenge🤣

Posted by Mikecyc > 2023-06-12 00:40 |

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Posted by Mikecyc > 2023-06-12 00:42 |

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Posted by Mikecyc > 2023-06-12 00:44 |

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Posted by Felix888 > 2023-06-12 00:44 | Report Abuse

FPSO market is very hot now, look at Yinson full hands of FPSO projects. Unlikely EnQuest will get another new FPSO, it is not plug and play device.

Contract extension due soon, I can't remember. You very smart ask me do homework for you. Do it yourself please.

Posted by Felix888 > 2023-06-12 00:46 | Report Abuse

You continue do homework, I go to sleep now.

Posted by Mikecyc > 2023-06-12 00:49 |

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Posted by Felix888 > 2023-06-12 00:54 | Report Abuse

Claire was a depleting field and hit by global oil price crashed. Armada was the victim but too bad lost the case.
Otherwise you got chance to buy Armada below 0.20 meih?

Posted by Mikecyc > 2023-06-12 01:03 |

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Posted by Sslee > 2023-06-12 06:45 | Report Abuse

Without debts restructure CapitalA is a dead meat. Avoid.

Posted by Mikecyc > 2023-06-12 07:52 |

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Posted by Mikecyc > 2023-06-12 07:56 |

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Posted by Mikecyc > 2023-06-12 08:02 |

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Posted by Mikecyc > 2023-06-12 08:08 |

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Posted by Mikecyc > 2023-06-12 08:11 |

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Posted by Felix888 > 2023-06-12 08:27 | Report Abuse

He self declared won Armada kutuk in year 2019 but actually Armada was down due to Covid pandemic, a world issue.

Posted by Sslee > 2023-06-12 08:56 | Report Abuse

Stock Code Stock Name Qty Avg Price(RM) Market Price(RM) Gross Investment(RM) Market Value(RM) Unrealized P&L(RM) Unrealized P&L(%)
5210 ARMADA
98,000 0.4719 0.4750 46,246.20 46,550.00 303.80 0.66

My holding on Armada
Mike🐁 are free to post any of his holding to challenge my armada holding.

Posted by Sslee > 2023-06-12 08:59 | Report Abuse

My suggestion please post your CapitalA holding.

Posted by Felix888 > 2023-06-12 09:08 | Report Abuse

Sslee 98k shares too little for you. At least load a few hundred K.

Posted by Felix888 > 2023-06-12 09:20 | Report Abuse

🤐 1.25 million market value 💪

Posted by Felix888 > 2023-06-12 09:50 | Report Abuse

Your Suiyee Sxcker Bilis sold last week. Panic sales.

Posted by MM78 > 2023-06-12 10:14 | Report Abuse

Can all please stop excessive unnecessary insulting arguments in this forum. We are here to share honest opinions to make money investing in Armada instead of attacking each other with childish statement. If you wish to argue on other counter please do it in the relevant forums. We cant destroy this forum with excessive flooding of such attacking and counter attacks among 2-4 participants. Please have some respects for each others.

Posted by Mabel > 2023-06-12 11:16 | Report Abuse

Thank you for selling to Mabel at 47 and 46.5 sen..

Mabel is now waiting at 46 sen..

Meow

Posted by Mikecyc > 2023-06-12 11:16 |

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Posted by Mikecyc > 2023-06-12 11:19 |

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