Posted by twngxxxx > 2014-12-29 20:41 | Report Abuse

tonight crude oil USD 58 & brent crude oil USD61
tomorrow UMWOG 2.45 ++++++

Posted by twngxxxx > 2014-12-29 21:23 | Report Abuse

KUALA LUMPUR, 28 DECEMBER 2014 - UMW Oil & Gas Corporation Berhad (UMW-OG) has been awarded a contract with PetroVietnam Drilling & Well Services Corporation (PVD) for end-client Korea National Oil Corporation (KNOC), for the Provision of Drilling Rig Services for KNOC Drilling Campaign at Block 11-2. Block 11-2 is located 320km offshore Vietnam.

UMW-OG’s jack-up drilling rig, UMW NAGA 5 will be deployed for this contract after completion of its current contract with PTTEP International Limited (PTTEP) in Myanmar. Prior to this, UMW NAGA 5 completed another contract in the Philippines for Nido Petroleum Limited. This new contract in Vietnam marked the third country penetrated by UMW NAGA 5, in line with UMW-OG’s focus on expanding its international market coverage.

Commenting on the award, President of UMW-OG, Rohaizad Darus said, “The award of the contract not only further strengthens our market in Vietnam but is also an indication of our ability to secure contracts during challenging times. The fact that the day rates for this contract remains about the same as our other previous contracts in Vietnam despite current industry situation, reflects the trust that our customers have in our ability to deliver good services."

The contract is for two (2) firm wells, worth approximately US$18.7 million. UMW NAGA 5 is expected to be mobilised and commence operations in June 2015 for an estimated 100 days.

KNOC is sole operator and carries out exploration, development and production activities in Block 11-2. KNOC holds 75% participating interest in this block on behalf of itself and a Korean Consortium which consists of LG International Corp., Daesung Industrial Com., Daewoo International Corp., Hyundai Corp., Samwhan Corp., and Seoul City Gas Co. Ltd. PetroVietnam Exploration and Production Company (PVEP) also holds 25% participating interest in Block 11-2.

Posted by twngxxxx > 2014-12-29 21:27 | Report Abuse

http://www.thesundaily.my/news/1278626
http://www.themalaysianinsider.com/business/article/umw-oil-gas-wins-us18.7-million-contract

Posted by twngxxxx > 2014-12-29 21:32 | Report Abuse

interesting blog to read, window dressing & CNY rally.
http://klse.i3investor.com/blogs/bursa99/1884.jsp

Posted by DreamEmperor > 2015-01-06 13:44 | Report Abuse

Can recover ah?

Posted by L. C. Chong > 2015-01-08 21:31 | Report Abuse

UMWOG analysis - http://lcchong.wordpress.com/2015/01/08/umwog-fundamental-analysis-8-jan-2015/

Posted by hunterx2010 > 2015-01-19 14:40 | Report Abuse

so many ppl buy in~~~~ better sell off now

Posted by Jim Sted Power > 2015-01-21 12:17 | Report Abuse

got UMW protect behind sure no problem la

Posted by Ghaza > 2015-01-23 16:45 | Report Abuse

Ya god father behind maa

Posted by allan88 > 2015-02-01 09:59 | Report Abuse

Bearish report in the edge for oil rig stock. Watch out..

Posted by hullabaloo_bard > 2015-02-04 10:26 | Report Abuse

Source:oilprice.com premium article

Politics, Geopolitics & Conflict

Focus: Saudi Arabia

What has happened in Saudi Arabia with the passing of King Abdullah should be viewed as no less than a coup that was waiting for this death to make its final move. One way or another, the change of regime will herald significant change for Saudi Arabia—and more importantly, on a wider geopolitical level. Saudi Arabia is in trouble and surrounded by enemies on all sides—mostly of its own creation. At the helm now is King Salman of the powerful Sudairi clan, while King Abdullah’s Crown Prince Muqrin bin Abdulaziz, King Abdullah’s choice, is Crown Prince (for now), but his power will be significantly reduced and he will be shadowed by King Salman’s choice of deputy crown prince, Interior Minister Mohammed Bin Nayef. Perhaps more significantly, King Salman’s 35-year-old son, Mohammed bin Salman, is now defense minister and chief of the royal court (i.e. the royal gatekeeper), replacing a figure we are all happy to see go: Khalid al-Tuwaijri, the undeniable leader of Saudi Arabia’s murky foreign intrigues.

What we are primarily interested in here is what this will mean for Saudi Arabia’s foreign policy—which has, of late, been defined less by any coherent policy and more by dangerous foreign intrigue that has led enemies dangerously close to and even stepping their toes across its borders. It has also helped create major conflicts in Yemen and Syria.

The mess in Syria and Iraq right now, and indeed the mess that lead to the death of Saudi border guards earlier this month, is in part the monster of Saudi financing (organized by Tuwaijri and notorious friend, Prince Bandar bin Sultan) of the Islamic State in Syria in its various forms.

The replacement of Tuwaijri could herald some major changes in Saudi Arabia’s list of friends and beneficiaries, but we are not necessarily looking to King Salman for these changes--as he is aging and reportedly has Alzheimer’s—rather, we are looking to his son controlling the royal court and the deputy crown prince.

What the ‘new take’ on IS and the Syria/Iraq conflict will be is unclear. Saudi Arabia is already too late to the game-change room here.

While Syria is a clear and present danger, Yemen is an immediate threat—and one in large part of the Saudi’s own making. Yemen is on the brink of all-out civil war, as we mentioned last week. The President, Prime Minister and entire government has resigned before the Houthi militia. Yemen’s long-running former leader until three years ago, Al Abdullah Saleh, has gotten into bed with anyone who could help him destroy the leadership that replaced him, and there were plenty of takers, from the highest levels of officialdom in the UAE to al-Qaeda, which Saleh has been helping for some time in an attempt to undermine the government. There will be a war. Al-Qaeda has been boosted by the Houthi siege and the government’s resignation. Now it can justify its claims to be the only group that can defend Yemen’s Sunnis. The Houthis are largely backed by Iran. Saleh played all sides here, including helping the Houthis take over the capital. The Saudis also had their hand in this, through Prince Bandar. This is interesting in itself and shows the Saudi dilemma and the difficult Iran-related choices it is going to have to make regarding Syria. The situation now, however, is that Yemen is exploding on Saudi Arabia’s border, and the Kingdom is short on friends.

Saudi foreign policy has been deplorable and has largely consisted of creating new enemies and creating dangerous shifts in Middle East geopolitics, and beyond. This is because its greatest enemy is a Sunni population that is tempted by democratic change.

For global oil, the Saudi story is one of the most important due to the high level of foreign intrigue and its dangerous activities in Syria, Iraq and Yemen.

Posted by hullabaloo_bard > 2015-02-04 10:27 | Report Abuse

Russia/Ukraine

Charges against Russian diplomats in the US and the arrest of a Russian employee of Vnesheconombank in Manhattan for economic espionage will likely be met with a similar—and possibly more creative—response from Moscow. Yevgeny Buryakov of Vnesheconombank has been arrested and two other Russian diplomats who have now left the US have been charged with economic espionage. Prosecutors say they also recruited students and business consultants to assist them.

At the same time, we are looking at another escalation of violent tensions in Ukraine’s eastern areas of Donetsk and Luhansk, where the ceasefire has been revoked. Pro-Russian separatists claim to have now pushed Ukrainian troops out of two districts outside of Donetsk, with their goal to control the entire region. The EU is considering new sanctions against Russia.

Discovery & Development

• Trading giant Vitol and Italy’s Eni are planning to develop a $7-billion offshore oil and gas project in Ghana. Offshore Cap Three Point is the largest foreign-backed investment project in Ghana’s gas sector. Ghana National Petroleum Corporation (GNPC) is now assessing the commercial potential of a new gas discovery made in partnership with Vitol and Eni. The new discovery is in the deep-water South Tano basin.

• Bad news for Cyprus: French Total SA may be considering a withdrawal from exploration in Cyprus’ Exclusive Economic Zone (EEZ), with the effort so far coming up dry for gas in Blocks 10 and 11. A final decision is expected next week. If Total withdraws from what was a two-well commitment, it will see a $79 million fine. A drop in the bucket compared to the $170 million it would cost to drill the deepwater wells. So far, the only discovery made offshore Cyrus has been by US-based Noble Energy in Block 12—but even here spudding and appraisal have been postponed. Italy’s Eni is currently drilling a second exploratory well in Block 9 (the first one was not successful).

• Australian BHP Billiton is cutting its US shale operation by 40% due to the decline in oil prices. By the end of June, the company plans to reduce its number of rigs from 26 to 16. At the same time, it says it will increase output by more than 50%. The company will focus its drilling operations on its Black Hawk field in Texas's Permian Basin.

• The Algerian government is facing demonstrations across the cities in its southern desert area over plans to exploit shale gas resources, which locals fear will affect the already scarce water supply.

Deals, Mergers & Acquisitions (and debt problems)

• Energy Transfer Partners and Regency Energy Partners—both major pipeline companies—have announced an $18-billion merger deal. This deal effectively creates the second-largest energy infrastructure company in the US. Unitholders of Regency will receive 0.4066 ETP common units and a cash payment of $0.32 share, reflecting a total price of $26.89 (assuming closing prices as of 23 January).

• Canadian-based Southern Pacific Resource Corp. (oil sands) has filed for protection from creditors through an insolvency filing under Canada’s bankruptcy law, due to low oil prices. The company is in talks with debtholders and will file a debt-restructuring plan. In December, the company said it would not be able to make an interest payment of $4.2 million to convertible unsecured bondholders.

• Connacher Oil and Gas Ltd., another Canadian-based oil sands company, has also put itself up for sale as it seeks to fix its liquidity and capital structure.

Regulations, Arbitration & Labor Issues

• Oil companies and union representatives started talks last week for a new nationwide contract covering hourly workers at 63 US refineries. This represents some 64% of the refinery capacity in the US. In February, the three-year agreement between the oil companies and United Steelworkers union (USW) will expire. The workers are seeking double the annual pay raises, among other things—otherwise they are threatening strike.

• BP will freeze pay worldwide this year for over 80,000 workers as part of its rather drastic ‘cost-cutting’ plan.

• There is a significant amount of uncertainty for foreign investors in Tanzania’s gas sector due to government corruption scandals and the ministerial resignations (not to mention ongoing regulatory uncertainty). Tanzania’s energy minister, Sospeter Muhongo, has been forced to resign over alleged illicit payments of public funds to a private power company. Muhongo is being replaced by a figure who has little gas/LNG experience, George Simbachawene, the deputy minister of land, housing and human settlement development. Nothing will move forward until elections scheduled for October 2015.

Posted by freestylepunk > 2015-02-04 18:01 | Report Abuse

Wow, what happened end of day? Got news?

Posted by ampabella > 2015-02-04 21:03 | Report Abuse

niamah , 2day all O & G up xcept this stupppppeeeeeeed feller

Posted by beso > 2015-02-04 21:15 | Report Abuse

oil drop from three weeks high

Posted by GoldenShares > 2015-02-10 15:49 | Report Abuse

no one goreng umwoil , : )

Posted by Equityengineer > 2015-02-10 17:39 | Report Abuse

Why dropping ...

Posted by HSC2014 > 2015-02-11 01:04 | Report Abuse

Is dropping but not much. May be someone accumulate it and goreng soon....

Posted by Equityengineer > 2015-02-11 15:03 | Report Abuse

Hope it goes back above 2.80 it's IPO price ..

Posted by Equityengineer > 2015-02-12 15:42 | Report Abuse

Dropping sien

Posted by nuraisyah > 2015-02-15 22:11 | Report Abuse

i will buy borong tomorrow

Posted by oasischeah > 2015-02-18 11:21 | Report Abuse

Luckily sold some Dayang and bought UMWOG last week.. This is much faster accelerate.

Posted by nich0las > 2015-02-23 21:44 | Report Abuse

1 Revenue ............................................. 327,660 < 207,130 .... 1,016,330 < 737,752
2 Profit/(loss) before tax ........................ 85,798 < 55,994 .... 286,184 < 206,849
3 Profit/(loss) for the period ................... 71,496 < 51,724 .... 253,050 < 186,795
4 Profit/(loss) ordinary equity holders .... 71,257 < 51,461 .... 251,307 < 189,147

Posted by nich0las > 2015-02-23 21:45 | Report Abuse

So tomolo must up liao?

Posted by bing > 2015-02-23 21:47 | Report Abuse

tomolo test rm3.00

Posted by kleboy > 2015-02-24 16:24 | Report Abuse

morning up to 2.82. Closing down to 2.71. What happen?

Posted by kleboy > 2015-02-24 17:25 | Report Abuse

Bing your number correct? RM 2.00 or RM 3.00?

Posted by WB1234 > 2015-02-25 13:35 | Report Abuse

（吉隆坡23日訊）合順油氣（UMWOG，5243，主要板貿服）鑽井及油田服務業務報捷，上財年末季淨利按年增38%至7126萬令吉。
　該公司向馬證交所報備指出，上財年末季營業額按年增58%至3億2766萬令吉，每股盈利則達3.30仙。
　截至去年底，合順油氣上財年全年營業額按年增38%至10億1633萬令吉，淨利則按年增33%至2億5131萬令吉。
　文告中指出，近期油價下滑為正常現象，一般很快就會恢復正常，探勘及生產公司會在放緩期間採取縮減成本等必要舉措減少衝擊，故鑽井服務本財年營運將受挑戰，其他業務則保持，一旦油價恢復將重回正軌。

Posted by kleboy > 2015-03-02 14:20 | Report Abuse

Aiyoyo ... when only can hit 3.45?

Posted by ezekijb > 2015-03-02 19:07 | Report Abuse

CIMB and MAYBANK..TP ????????

Posted by kleboy > 2015-03-04 14:55 | Report Abuse

Killing softly

Posted by ampabella > 2015-03-09 22:18 | Report Abuse

mati lor mati lor

Posted by WB1234 > 2015-03-13 09:32 | Report Abuse

Aiyoyo.... today drop.....

Posted by WB1234 > 2015-03-13 09:42 | Report Abuse

die lor....downtrend anytime can drop to 2.00 again........

Posted by shazza > 2015-03-13 09:56 | Report Abuse

Thinking of buying to lower average. Bought on high. UMWOG what happened?

Posted by zack_liza > 2015-03-13 10:03 | Report Abuse

still down trend ..may b can drop to 2.00...slowly collect at level 2.20 and below...

Posted by A216092 > 2015-03-13 10:10 | Report Abuse

What happened?still ok to buy?

Posted by shazza > 2015-03-13 10:16 | Report Abuse

Bought at 2.36 still drop by 10sen hati so sakit.

Posted by nice1 > 2015-03-13 10:22 | Report Abuse

prospect is bad
profit will go down at least 30 to 50%

Posted by freestylepunk > 2015-03-13 10:53 | Report Abuse

Think longer term... price will remain low in short term but if you can hold for a year or two, this share will be good.

Posted by Jim Sted Power > 2015-03-13 11:12 | Report Abuse

today sure some heavy selling from one party. Cannot be drop so much

Posted by shazza > 2015-03-13 11:16 | Report Abuse

Stay calm, can hold but hope not as long as a year. The price fluctuated so much in 2-3 months.

Posted by GoldenShares > 2015-03-13 11:27 | Report Abuse

no bad news, agreed with Jim

Posted by Jim Sted Power > 2015-03-13 11:28 | Report Abuse

stay calm, technical rebound anytime will happen

Posted by tjhldg > 2015-03-13 11:54 | Report Abuse

:)

Posted by GoldenShares > 2015-03-13 11:55 | Report Abuse

after skpetro, now the funds selling umwog, who next, : )

Posted by Jim Sted Power > 2015-03-13 11:56 | Report Abuse

today just like another round of cheap sales. Just bite some at 2.15-2.16

Posted by woodstock > 2015-03-13 11:57 | Report Abuse

looks like major shareholders selling

Posted by nich0las > 2015-03-13 12:02 | Report Abuse

2.13

Posted by Jim Sted Power > 2015-03-13 12:04 | Report Abuse

EPF?