Posted by KEYBOARD > 2018-07-30 13:59 | Report Abuse

after lunch

Posted by ankahill > 2018-07-30 15:22 | Report Abuse

Siok sekejab saja.. hahahha

Posted by 263263 > 2018-07-30 22:38 | Report Abuse

Time to buy, media look bad.

Posted by eatsmall > 2018-07-31 11:55 | Report Abuse

luncai betul...

Posted by Stephenloo > 2018-07-31 12:42 | Report Abuse

How come the news with 101mil secure income still no movement for this counter?

Posted by 263263 > 2018-07-31 13:57 | Report Abuse

One day price up to 40cent without news.
Growing time coming soon.
Now need to wait.

Posted by anonymous98 > 2018-07-31 17:29 | Report Abuse

coming soon? how soon lol

Posted by OngMoneyOng > 2018-07-31 17:31 | Report Abuse

Manipulated stock but earn money wat for those who buy at bottom. Ong lah

Posted by ankahill > 2018-08-02 14:24 | Report Abuse

Up 0.5 sen. now drop 1 sen. hahhaa

Posted by princeofthi3ves > 2018-08-02 15:11 | Report Abuse

Hahahaha

Posted by OngMoneyOng > 2018-08-02 22:03 | Report Abuse

So??? Earn money tak?

Posted by OngMoneyOng > 2018-08-02 22:05 | Report Abuse

Earned money diam diam lol

Posted by 263263 > 2018-08-03 08:02 | Report Abuse

Every time price drop is chance to us ,,,,collection.

Posted by ankahill > 2018-08-03 08:41 | Report Abuse

Today up .05 sen... next monday drop 1 sen again!?

Posted by IronShirt > 2018-08-08 09:26 | Report Abuse

amanah has stopped throwing. Before 2Q results--amanah will pump 100m again---this time will
push to 0.34

Posted by jumbojet > 2018-08-08 11:54 | Report Abuse

Stupid counter

Posted by IronShirt > 2018-08-08 11:54 | Report Abuse

very big lots traded on 11:54am,,,,,,mostly 1m (0.295) a Bid---really big,,,must be amanah or kwap

Posted by 263263 > 2018-08-08 12:11 | Report Abuse

Quarter result should be good.
Over expection

Posted by choong > 2018-08-08 15:46 | Report Abuse

all counters shoot up like dunno how, this counter still lagging.... sigh...

Posted by Jonathan Keung > 2018-08-09 15:59 | Report Abuse

share base too big

Posted by Nikmon > 2018-08-09 16:24 | Report Abuse

wah, someone just sell 2 million, haha

Posted by KEYBOARD > 2018-08-09 16:32 | Report Abuse

im coming home ...

Posted by eatsmall > 2018-08-09 19:24 | Report Abuse

korek at Naga 3.....3...3..sure UP

Posted by snwong13 > 2018-08-09 20:29 | Report Abuse

.
OTHERS AWARD OF CONTRACTS FOR THE PROVISION OF JACK-UP DRILLING RIGS (NAGA 3 AND NAGA 5) FOR PETRONAS CARIGALI SDN BHD
VELESTO ENERGY BERHAD

Type Announcement
Subject OTHERS
Description AWARD OF CONTRACTS FOR THE PROVISION OF JACK-UP DRILLING RIGS (NAGA 3 AND NAGA 5) FOR PETRONAS CARIGALI 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 two (2) Letter of Awards from PETRONAS Carigali Sdn. Bhd. (“PETRONAS Carigali”), for the provision of jack-up drilling rig services (“Contracts”), the approval of which was received, today.

The Contracts are for two jack-up rigs, namely NAGA 3 and NAGA 5, with an estimated combined contract value of USD10.8 million.

Details of each of these contracts are summarized below:

2. DETAILS

2.1 Provision of Jack-Up Drilling Rig “NAGA 3”

The first Contract is for the provision of Drilling Rig Services for PETRONAS Carigali’s Drilling Programme, whereby VEB Group will assign its NAGA 3 for this. The Contract is to drill two (2) firm wells with an option of additional one (1) plus one (1) wells, with expected commenced date, between 15 July 2018 to 15 August 2018.

NAGA 3 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 350 feet.

2.2 Provision of Jack-Up Drilling Rig “NAGA 5”

The second Contract is for the provision of Drilling Rig Services for PETRONAS Carigali’s Drilling Programme, whereby VEB Group will assign its NAGA 5 for this. The Contract is to drill two (2) firm wells with an option of additional two (2) wells, with expected commencement date, between 1 August 2018 to 31 August 2018.

NAGA 5 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.


3. INFORMATION ON PARTIES

3.1 Information on Velesto Drilling Sdn. Bhd.

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.

3.2 Information on PETRONAS Carigali

PETRONAS Carigali is a company incorporated in Malaysia under the Companies Act, 1965 on 11 May 1978 and has its registered office at Tower 1, PETRONAS Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia. The principal activities of PCSB are the exploration, development and production of oil and gas.


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 CONTRACTS

The risks associated with the execution of the Contracts 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. 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 Contracts.


7. STATEMENT BY DIRECTORS

The Board of Directors of VEB is of the opinion that the acceptance of the Contracts herein is in the best interest of VEB Group.

This announcement is dated 9th August 2018.

Posted by 100000668624314 > 2018-08-10 10:26 | Report Abuse

Got annouance also still ding dong at 0.30 only ...... :(

Posted by eatsmall > 2018-08-10 10:28 | Report Abuse

bling..bling..bling..ding dongggg..

Posted by Yael Jasper > 2018-08-10 10:47 | Report Abuse

nice to buy

Posted by Ethan Chan > 2018-08-11 16:22 | Report Abuse

i think alot ppl are waiting for qr before making a move

Posted by anonymous98 > 2018-08-11 17:58 | Report Abuse

when will qr be releasing?

Posted by JJchan > 2018-08-12 17:46 | Report Abuse

This coming Friday if results is Very Good-----Push beyond Hari Haji to 24 Aug means average.

Posted by IronShirt > 2018-08-13 09:55 | Report Abuse

Starting from last week, Velesto trading Volume is slowing more than Sapnrg. Punters are moving
here.

Posted by jordanmaggie61 > 2018-08-13 09:58 | Report Abuse

Strong

Posted by 286210 > 2018-08-13 10:03 | Report Abuse

http://www.theedgemarkets.com/article/og-profits-under-spotlight-signs-real-recovery

Posted by 286210 > 2018-08-13 10:04 | Report Abuse

Bottomline nos are much better. Out of the woods?

Posted by Nikmon > 2018-08-13 11:14 | Report Abuse

sure making loss in 2Q, maybe still better than Q1

Posted by 286210 > 2018-08-13 13:10 | Report Abuse

If you read today's article in The Edge, 1 year ago the prediction was for Velesto to have a loss of -RM140mil for FY2018. But now projection is revised to a net profit of RM12.3 mil for FY 2018. A big swing.

Qtr 1 was a net profit of RM5mil.

Posted by Nikmon > 2018-08-13 17:03 | Report Abuse

@286210, confuse with other stock, Q1 was net profit......

Posted by 263263 > 2018-08-14 07:51 | Report Abuse

Earn 100 million also no use.
Amanah keep selling after price up a bit.

Posted by JJchan > 2018-08-14 09:43 | Report Abuse

Amanah got 3 billion shares if average down even with 30cents RI----price is still around 70---80 cents-----assuming Amanah cannot push price to 1.50 in 2019---atleast breaking 70 cents will
keep their account books "Black"

Posted by Yael Jasper > 2018-08-14 10:22 | Report Abuse

rising, rising and rising. Niceee

Posted by Shinnzaii > 2018-08-14 10:27 | Report Abuse

see the trade volume flow also pengsan already...6mil queue....perhap need share split when result show good again...cannot swing

Posted by Nikmon > 2018-08-14 10:36 | Report Abuse

Amanah hold 38% share of velesto!!!! need money to pay dividend?

Posted by ilovekari > 2018-08-14 10:44 | Report Abuse

Amanah hold so many, can buy?

Posted by IronShirt > 2018-08-14 10:45 | Report Abuse

amanah is using 100m shares to pump and dump ( just sold) ,,,,,,now waiting for 2Q results to pump

Posted by Shinnzaii > 2018-08-14 11:27 | Report Abuse

No corporate announcement for amanah disposed or acquired last week...

Posted by jordanmaggie61 > 2018-08-14 12:02 | Report Abuse

好价格

Posted by KEYBOARD > 2018-08-14 13:21 | Report Abuse

black horse..ready

Posted by Poisonivy > 2018-08-14 13:30 | Report Abuse

Personnel view oil price is ready for ramp up 5 more days sanction on Iran oil by US will kick start the 67 dollar range is ready for them to upsurge back 76... Ready for countries super cold winter.... Short term drill contract is common one month PO with attach yearly contract... Top gun spent millions dollar testing I dun think so is the beginning of turnaround

Posted by Poisonivy > 2018-08-14 13:35 | Report Abuse

Oil price sustainability had established to offset the growth slow down trade war...meaning drilling utilisation be on the rise and sustainable... . Thank to US Policy and the dollar be strengthen further... Cheer

Posted by JJchan > 2018-08-16 16:27 | Report Abuse

Tomolo Big Vol. if results Good