++++++++++++ 16. PROSPECTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2021 The outlook of upstream exploration and production activities in Malaysia is expected to be positive this year as compared to last year on the back of recovery of crude oil price. With the completion of the acquisition of drilling business on 2 February 2021, the Group will have new revenue stream from drilling services in addition to OSV charter hire income. As a significant portion of the Group’s order book is long term (more than one year) in nature, this provides cashflow stability and earnings visibility. The continued focus of the Group will be on operational efficiencies, securing new contracts, maximising utilisation rate through competitive bidding for domestic and regional contracts as well as leveraging on its continued presence in Brunei and maximising synergies between drilling rig and OSV. The Group’s Order Book stands at RM0.8 billion (equivalent to 3 years of revenue) and its Tender Book amounts to RM0.3 billion. In view of this, the Board of Directors remain focused on improvement initiatives and synergistic business opportunities.
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