OTHERS Provision Of One (1) Anchor Handling Tug & Supply (AHTS) Vessel For An Oil Major 2019 Offshore Projects And Well Activities
1. INTRODUCTION
The Board of Directors (“Board”) of Icon Offshore Berhad (“ICON/Company”) is pleased to announce that an oil major company (“Oil Major”) has authorised Icon Offshore Group Sdn. Bhd. (“IOGSB”), a wholly-owned subsidiary of ICON via an Authorization for Services dated 28th June 2019 for a provision of an anchor handling tug & supply vessel (“Service/Award”), pursuant to a tender for the Oil Major 2019 Offshore Projects and Well Activities.
Clear sign that the oil and gas is improving and Petronas is lending a help to Icon. Will it be sustainable with the kind of uncertainty in the market space going beyond 2020
"Separately, Syed Yasir Arafat clarified that Ekuinas had no plan to exit its 42.3%-owned oil and gas support services company Icon Offshore Bhd in the near term.
“Our plan is to ensure that the recapitalisation plan happens as soon as possible, so that we can think about the next stage of growth for Icon Offshore, ” he said."
Like that Monday ICON's price gonna to spike up already ! Monday probably will be opened at=> 0.07 (+0.025)(+55.5%) and closed at => 0.09 (+0.045)(+100%)
pamie, no to worry, if low price mean that i still got plenty of time to accumulate monies to buy ICON's shares... My t.p is break above RM1.00 by end of 2020 and break above RM2.00 by end of 2021 Huat ah ! Heng ah ! Ong ah !
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Mabel
23,732 posts
Posted by Mabel > 2019-08-23 08:38 | Report Abuse
To pave way for the rights issue, Icon Offshore will also undertake a share consolidation exercise.
Does anyone has more info on this?