Posted by micky92 > 2018-06-28 19:26 | Report Abuse

just a matter of time it will go go up soon...now in collection mode

Posted by SuperPanda > 2018-06-28 19:45 | Report Abuse

JJchan, sapnrg vs velesto in your opinion which one gives better return in next 2 qtr?

Posted by Bursa Christopher > 2018-06-29 00:01 | Report Abuse

炒。。。

Posted by anson938 > 2018-06-29 06:32 | Report Abuse

https://www.cnbc.com/commodities/
Brent oil surge to 78 Usd per barrel.

Posted by JJchan > 2018-06-29 08:20 | Report Abuse

panda....if you want Shark goreng----Sapnrg is the best around ( i believe Sharks were caught when Sap plunged from 1.20 so they have No choice but to goreng and goreng.....but when they
are done-----sap is just a salted fish )

Only Amanah is buying Big (velesto). I guess next 2Q, velesto will make 100--160m. Amanah is
definitely looking at Dividend ( 2.10B + 600m injected by PNB, no dividend big problem )

Wait for Sap 1Q18, Sap is surely a good goreng candidate ( pls note MQ has projected 0.24 for
Sap if Results hit a brick wall )

Posted by Hustle > 2018-06-29 08:45 | Report Abuse

After merge means after restructure company compare with a company that never restructure before which management stronger?

Posted by Hustle > 2018-06-29 08:54 | Report Abuse

https://www.thestar.com.my/news/nation/2016/07/30/sapurakencana-was-once-one-of-worlds-top-og-players/

Posted by JokerT > 2018-06-29 10:15 | Report Abuse

last call.. today break 0.30

Posted by anson938 > 2018-06-29 10:35 | Report Abuse

Good!

Posted by Stephenloo > 2018-06-29 10:58 | Report Abuse

https://www.cnbc.com/2018/06/28/iran-sanctions-could-soon-push-oil-prices-above-90-a-barrel-boaml-sa.html

Posted by Haha > 2018-06-29 11:59 | Report Abuse

wa...big volume q...

Posted by SuperPanda > 2018-06-29 12:15 | Report Abuse

good one JJchan, its good to have mutual understanding when chat in forum. even if we not agree to each other, sharing opinion is better than condemn and insult

Posted by ankahill > 2018-06-29 14:15 | Report Abuse

Ding Ding Dong Dong

Posted by Max2838 > 2018-06-29 18:08 | Report Abuse

PNB Chairman Wahid has quit and likely the PNB CEO will have to go too.
Velesto will probably have a new Chairman by next month.
It will be good for the market as we can expect new Chairman to look after Investors' interest.
Last AGM, old Chairman gave RM307K to 6 directors but gave me a shareholder a RM30 Petronas and a RM20 Kenny Rogers cards. Both cards are defective n not usable.
i will vote to replace Chairman ASAP.

Posted by JJchan > 2018-06-29 21:14 | Report Abuse

Zeti now in-charge of PNB------Mahathir, now controls Yayasan Bumi, i think Mahathir also
control Amanah now

Posted by JJchan > 2018-06-29 21:16 | Report Abuse

Meanwhile, the Minister of Finance Incorporated (MOF Inc) has announced that Prime Minister Dr Mahathir Mohamad had assumed the position of YPB Chairperson effective June 28.

It added that pursuant to the appointment, the composition of YPB’s Board of Trustees has been restructured to comprise the Minister of Economic Affairs Mohamed Azmin Ali (appointed also as the Alternate Chairman of YPB), former Auditor General of Malaysia Ambrin Buang and Zeti.

Posted by snwong13 > 2018-06-30 08:18 | Report Abuse

.
Oil prices spike 13% in a week. What the heck is going on?
http://money.cnn.com/2018/06/28/investing/oil-prices-trump-iran-opec/index.html

"Iran sanctions could soon push oil prices above $90 a barrel, Bank of America Merrill Lynch says"
https://www.cnbc.com/2018/06/28/iran-sanctions-could-soon-push-oil-prices-above-90-a-barrel-boaml-sa.html

Posted by snwong13 > 2018-06-30 08:20 | Report Abuse

.
All incoming good news!
Don't miss the boat!
Good Luck!!

Posted by PanjiAlam55 > 2018-06-30 08:39 | Report Abuse

good news but price still no good,,hehehe

Posted by snwong13 > 2018-06-30 12:31 | Report Abuse

.
http://www.freemalaysiatoday.com/category/nation/2018/06/29/wahid-says-pnbs-finances-are-sound/

Posted by SuperPanda > 2018-06-30 15:26 | Report Abuse

News for new contracts or extension should be out somewhere in july as some is near to expiry. Once the news out, im expecting touch 32c.

Posted by anson938 > 2018-07-01 10:59 | Report Abuse

US crude rises 1%, settling above $74 for first time since Nov 2014 as sanctions on Iranian oil loom

Posted by 263263 > 2018-07-01 12:47 | Report Abuse

Hope good new don't want come first.
I want buying and keep more lots.

Posted by KEYBOARD > 2018-07-02 12:56 | Report Abuse

275...good news...

Posted by zayady > 2018-07-02 13:26 | Report Abuse

not moving....hahahaha, what a good news? 0.275, 0.280 down back 0.275 no good...

Posted by signalmw > 2018-07-02 13:27 | Report Abuse

SINGAPORE: Oil prices fell by more than one percent on Monday as investors eyed rising supplies in Saudi Arabia, while U.S. President Donald Trump kept up the pressure on the world's top producer to make up for disruptions elsewhere.

Posted by Hustle > 2018-07-02 13:42 | Report Abuse

Opec is like puppet sure increase production one when the master pull his string

Posted by Hustle > 2018-07-02 13:44 | Report Abuse

But no worry la the share price drop is nothing related to the crude price this is due to political factor only

Posted by Hustle > 2018-07-02 13:45 | Report Abuse

Foreign investor don't like a country that is too transparent because clear water have no fish

Posted by Hustle > 2018-07-02 13:46 | Report Abuse

The more cloudy will attract more investors

Posted by IronShirt > 2018-07-02 15:44 | Report Abuse

amanah blocking at 0.27

Posted by SuperPanda > 2018-07-02 17:29 | Report Abuse

if below 0.27 will accumulate more

Posted by JJchan > 2018-07-02 18:52 | Report Abuse

amanah bought another 15m ( total 50m from 27 June ) Big Big Mop

Posted by JJchan > 2018-07-02 18:55 | Report Abuse

Unless US/China tariff war exploded, with this of Buying, Velesto price if cannot go UP---must be Act of God

Posted by signalmw > 2018-07-02 20:26 | Report Abuse

trade waR happen , down to 20 sen

Posted by Hustle > 2018-07-03 02:02 | Report Abuse

http://www.theborneopost.com/2018/07/03/trump-blasts-opec-warns-european-companies-against-iran/

Posted by Hustle > 2018-07-03 02:04 | Report Abuse

The master would like to teach his doggie how to behave

Posted by Hustle > 2018-07-03 02:05 | Report Abuse

Poor little fellow

Posted by JJchan > 2018-07-03 07:43 | Report Abuse

Tariff cannot Stop trade----just increase Inflation.

75% of Chinese exports to USA are "supermarket item" like kitchen towel, nuts, screw......
You really believe American will start a factory making kitchen towel that "cost double" Chinese
import......." kitchen towel industry" are biz where people "cannot put food on the Table"-----there
are million of these type of industries in China( small scale )

Posted by Hustle > 2018-07-03 08:42 | Report Abuse

No choice opec is control by us, this is a monopoly trade deal that others country cannot replace

Posted by wudmec > 2018-07-03 12:06 | Report Abuse

Shareholding Changes
Date of change Shares Director/
Substantial Shareholder
28 Jun 2018 Acquired
15,000,000 AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA
26 Jun 2018 Acquired
15,000,000 AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA
25 Jun 2018 Disposed
2,000,000 LEMBAGA TABUNG HAJI
25 Jun 2018 Acquired
20,000,000 AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA

Posted by wudmec > 2018-07-03 12:07 | Report Abuse

50 mill acquired by ASB within 1 week?

Posted by 263263 > 2018-07-03 14:55 | Report Abuse

Today volume no bad, Amanah again buying.

Posted by JJchan > 2018-07-03 14:59 | Report Abuse

saw big block makan at 0.280---2:54pm

Posted by barricade > 2018-07-03 15:16 | Report Abuse

I bought when 0.315, when only will go back to that price? :(

Posted by JJchan > 2018-07-03 17:18 | Report Abuse

Pnb (Yayasan + Amanah)= 4.391B shares-----Let say 2cents dropped (from 30c to 28c), PNB books recorded 87.8million Loss in investment------I think this is why Amanah is willing to pump/Buy 100--200million Shares @ 0.280( only 56million )

Posted by Celine Loo > 2018-07-03 18:51 | Report Abuse

OTHERS CONTRACT FOR THE PROVISION OF ONE (1) JACK-UP DRILLING RIG AND ASSOCIATED SERVICES FOR D35, FOR ROC OIL (SARAWAK) SDN BHD
VELESTO ENERGY BERHAD

Type Announcement
Subject OTHERS
Description CONTRACT FOR THE PROVISION OF ONE (1) JACK-UP DRILLING RIG AND ASSOCIATED SERVICES FOR D35, FOR ROC OIL (SARAWAK) SDN BHD
1. INTRODUCTION

The Board of Directors of Velesto Energy Berhad ("VEB") (formerly known as UMW Oil & Gas Corporation Berhad) is pleased to announce that Velesto Drilling Sdn. Bhd. (“VED”) (formerly known as UMW Offshore Drilling Sdn. Bhd.), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMV”) (formerly known as UMW Malaysian Ventures Sdn. Bhd.), which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from Roc Oil (Sarawak) Sdn Bhd ("ROC") for a contract on the Provision of one (1) Jack-Up Drilling Rig and associated services for its D35 Phase 2 Infill Drilling Programme, the approval of which was received today.

2. DETAILS

The contract is for the provision of a jack-up drilling rig to undertake drilling services for ROC.

VEB Group will assign its NAGA 4 for this contract. NAGA 4 is a premium independent-leg cantilever jack-up drilling rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet.

The estimated value of the contract is USD31,038,000 and tentative commencement date of the contract is expected to commence in August 2018 for eleven (11) firm wells.

3. INFORMATION ON PARTIES

3.1 Information on VED

VED was incorporated in Malaysia under the Companies Act, 1965 on 29 July 2003 and is principally involved in the offshore drilling business and operations and other engineering services for oil and gas exploration, development and production in Malaysia and overseas.

3.1 Information on ROC

ROC is a Company incorporated in Malaysia on 18 December 2013 and focuses on the undertaking of upstream oil and gas activities.

4. FINANCIAL EFFECTS

The provision of the above mentioned services is expected to contribute positively to the earnings and net assets of VEB Group during the contract period for the financial period ending 31 December 2018.

5. RISK ASSOCIATED WITH THE CONTRACT

The risks associated with the execution of the contract are operational and execution risks, which will be mitigated and/or managed by VED, a company with a proven successful track record of undertaking drilling programmes.

6. CONFIDENTIALITY

In accordance with the Letter of Award dated 5 June 2018, the Company has received today, approval from ROC on the content and the release of this Announcement.

7. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST

None of the Directors and/or the substantial shareholders of VEB and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect, in the above contract.

8. STATEMENT BY DIRECTORS

The Board of Directors of VEB is of the opinion that the award of the contract is in the best interests of VEB Group.

This announcement is dated 3 July 2018.

Posted by edison5351 > 2018-07-03 18:53 | Report Abuse

dont waste time la with this counter. haha rosak, better go whack klse index Call for better growth %

Posted by SuperPanda > 2018-07-03 20:05 | Report Abuse

from this month onwards, more good news will out as it has been bidding since early year

Posted by Haha > 2018-07-03 20:12 | Report Abuse

Velesto Energy wins RM125mil offshore drilling job


CORPORATE NEWS
Tuesday, 3 Jul 2018



KUALA LUMPUR: Velesto Energy Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(VEB), formerly known as UMW Oil & Gas Corp Bhd, has secured an offshore drilling contract worth US$31.038mil (RM125mil) from Roc Oil (Sarawak) Sdn Bhd.

The contract is expected to commence in August for 11 firm wells.

“The contract is for the provision of a jack-up drilling rig to undertake drilling services for ROC,” the company said in a filing with Bursa Malaysia today.

It will assign its NAGA 4 rig for this contract.

image: https://content.thestar.com.my/smg/settag/name=lotame/tags=all


The contract, VEB said, will contribute positively to its earnings and net assets during the contract period for the financial period ending Dec 31, 2018.


Read more at https://www.thestar.com.my/business/business-news/2018/07/03/velesto-secures-drilling-job/#vsGfPoOfuKUY7MCB.99