Posted by Mikecyc > 2023-06-12 23:28 |

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Posted by Felix888 > 2023-06-12 23:30 | Report Abuse

Pon Pon also OK, got so many pretty and sesxy girl friends in Pon Pon group.

Posted by Mikecyc > 2023-06-12 23:32 |

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Posted by Mikecyc > 2023-06-12 23:33 |

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Posted by Mikecyc > 2023-06-12 23:35 |

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Posted by Mikecyc > 2023-06-12 23:37 |

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Posted by Felix888 > 2023-06-12 23:40 | Report Abuse

🖕🖕🖕🖕🖕🖕🖕🖕🖕🖕

☝ Nice ? Free show for you

Posted by Mikecyc > 2023-06-12 23:44 |

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Posted by Felix888 > 2023-06-12 23:45 | Report Abuse

Mouse, Sslee give open cheque, just write the number only. Still no balls?

Posted by Mikecyc > 2023-06-12 23:47 |

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Posted by Mikecyc > 2023-06-12 23:49 |

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Posted by Mikecyc > 2023-06-12 23:52 |

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Posted by Mikecyc > 2023-06-12 23:55 |

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Posted by Felix888 > 2023-06-12 23:56 | Report Abuse

Ah Hxxk don't be like that. 😁

Posted by Mikecyc > 2023-06-12 23:56 |

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Posted by Mikecyc > 2023-06-12 23:58 |

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Posted by Mikecyc > 2023-06-13 00:00 |

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Posted by Felix888 > 2023-06-13 00:18 | Report Abuse

Aiyoh mouse don't hate me leh. We just quarrel from last week only. 床头吵架床尾和嘛!

Posted by Mikecyc > 2023-06-13 00:23 |

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Posted by Felix888 > 2023-06-13 00:32 |

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Posted by nikicheong > 2023-06-13 01:26 | Report Abuse

First, not many companies issue a profit warning. On this score, Bumi Armada Bhd deserves a pat on the back for alerting investors to operational problems at one of its floating, production, storage and offloading (FPSO) vessels in the North Sea.

The Armada Kraken, which is operating in the Kraken field in the North Sea, was shut-in last week following the failure of the hydraulic submersible pump (HSP) transformers. According to Bumi Armada, the company, together with EnQuest plc, attempted some remedial works to restart operations but was unsuccessful.


Hence, it is the shut-in of Armada Kraken that will have a financial impact on the company. Bumi Armada stated it cannot reliably estimate the quantum of the impact at this point.

While Bumi Armada has issued a profit warning, which caused its share price to fall by more than 25% to as low as 45 sen within four days, there is no news — adverse or otherwise — on the development of the Kraken field from UK-listed EnQuest.

In its last update on May 24, EnQuest, the operator of the field, stated that the Armada Kraken had continued to perform well with about 94% efficiency as at end-April. Perhaps the company is still looking into the depth of the problem before making an announcement.

Adding spice to the incident is the equipment provider of the HSP downplaying the problems, stating that Bumi Armada’s announcement gives the impression that there is a failure of its pumps.

According to a report, Celeros Flow Technology said the shut-in was due to a failure of “critical motor supply transformers on the topside for the HSP lift system”. It added that the topside equipment was more accessible than well equipment, which could prove more costly to fix.

Well equipment relates to subsea operations, which is more difficult and costly to repair.

The Armada Kraken contributes more than 30% to Bumi Armada’s top line. Any unplanned shutdown will affect its bottom line and investor sentiment towards the oil and gas company that has gained the confidence of analysts and investors.

While it is good that Bumi Armada has issued a profit warning and used the shut-in period to undertake maintenance works, it should issue some guidance on the impact to its bottom line. At the moment, the depth of the problem in Armada Kraken is anybody’s guess.

https://theedgemalaysia.com/node/670728

Posted by nikicheong > 2023-06-13 02:37 | Report Abuse

Production from the EnQuest-operated Kraken oil field in the UK northern North Sea remains shut in following the recent failure of hydraulic submersible pump transformers on the FPSO.

The vessel, owned by Bumi Armada subsidiary, Armada Kraken Pte Ltd. (AKPL), operates under a bareboat charter contract.

AKPL and EnQuest attempted a restart of the facility following a remediation program but thus was unsuccessful, and the FPSO remains shut in.

The two parties are assessing alternative solutions with the aim of restoring production, on a phased basis, in the next few weeks.

Maintenance activities, originally scheduled for execution during single train operations this summer, have been brought forward to negate the need for any further planned outages in 2023.

https://www.facebook.com/getmanupco/posts/pfbid0hPWHe3tyJwaVPbBxJQqdYxZEEzXBnsJg5GgKWkdKFTby2gC9sdEkbso9wA143fsgl

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This is likely the reason for today's sharp drop, the attempt to restart the facility with a stop-gap measure failed.

Posted by Gabriel Khoo > 2023-06-13 03:02 | Report Abuse

Niki i feel like the content of this facebook is old story. Is not the latest news. Looking at the storyline

Posted by Gabriel Khoo > 2023-06-13 03:04 | Report Abuse

They have not reported any news prior to this in fb. Btwn. I think drop due to oil price sentiment

Posted by StartOfTheBull > 2023-06-13 06:33 | Report Abuse

Adding salt to the wound, Brent crude futures fell to $72 per barrel. Another bearish day for O&G counters.

Posted by Huangbk72 > 2023-06-13 06:39 | Report Abuse

Hai ya. hai yo

Why jump in now? Even no one knows when problem solved.

Averaging down is suicidal now

Posted by linheng > 2023-06-13 06:47 | Report Abuse

Management Incentive Plan - 4,526,300 shares at 0.663.
TODAY NEW LISTING FOR MANAGEMENT SHARES. 4.526M SHARES ISSUE AT 0.663

Posted by RISK8888 > 2023-06-13 07:38 | Report Abuse

uncertainties behind the drop. Kraken is the turnaround facator for armada, it had help armada regain its position by reducing debt from 11bil to today 5bil in 6 years time. kraken original contract suppose to end mid 2025. If everything smooth, by then debt level may down to 2bil by mid 2025.

Posted by RISK8888 > 2023-06-13 07:43 | Report Abuse

without kraken, everything will change. debt level will maintain at 5bil range, and this will affect armada from taking new project, and also prevent them to distribute cash dividend to shareholder in near future.

Posted by RISK8888 > 2023-06-13 07:46 | Report Abuse

even kraken back to working with revise capacity, price hardly back to 0.60. because investor will factor in the risk involve in FPSO. it may only go back to 0.50. and all these depends on how bad the situation is for Kraken.

Posted by Mikecyc > 2023-06-13 08:05 |

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Posted by Mikecyc > 2023-06-13 08:30 |

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Posted by Sslee > 2023-06-13 08:32 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2023-06-13-story-h-267899357-i3admin_pleasae_take_action_on_Mikecyc_abusive_and_cyber_sexual_harassm.jsp

Posted by Mikecyc > 2023-06-13 08:34 |

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Posted by Mikecyc > 2023-06-13 08:36 |

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Posted by value_seeker > 2023-06-13 08:49 | Report Abuse

You taken yours?

Posted by StartOfTheBull > 2023-06-13 08:51 | Report Abuse

Will there be any more "gentle reminder" to other forums today?

Posted by nicholas99 > 2023-06-13 08:59 | Report Abuse

mike tak ada duit.

Posted by Mikecyc > 2023-06-13 09:13 |

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