Posted by Mabel > 2021-09-27 16:29 | Report Abuse

Oil price continue to spike up like mad. Bursa Malaysia’s Energy Index rose as much as 19.78 points becoming the top percentage gainer among bourse gauges, after oil prices hit three-year highs.

Last week Mabel sapu 200 lots.

Today Mabel sapu lagi 300 lots...

It's looking good guys...

Meow Meow Meow

Posted by Santiago > 2021-09-28 11:55 | Report Abuse

why this counter wont move in tandem with crude oil price????

Posted by Mabel > 2021-09-28 13:27 | Report Abuse

5% increase not good?

Meow

Posted by Mabel > 2021-09-28 13:28 | Report Abuse

Profit oledi mah..

Meow

Posted by bullmarket1628 > 2021-09-28 15:05 |

Post removed.Why?

Posted by suprnoob > 2021-09-28 15:38 | Report Abuse

good volume....

Posted by JK22 > 2021-09-28 18:46 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3196213

Posted by bullmarket1628 > 2021-09-28 22:32 | Report Abuse

Announcement Details
OTHERS AWARD BY A PETROLEUM ARRANGEMENT CONTRACTOR (PAC) FOR THE EXTENSION OPTIONS NO. 1 & 2 OF THE PROVISION OF ONE (1) JACK-UP DRILLING RIG FOR DRILLING PROGRAM TO PERISAI OFFSHORE SDN BHD (POSB).

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3196213

ICON Offshore Berhad

Description: AWARD BY A PETROLEUM ARRANGEMENT CONTRACTOR (PAC) FOR THE EXTENSION OPTIONS NO. 1 & 2 OF THE PROVISION OF ONE (1) JACK-UP DRILLING RIG FOR DRILLING PROGRAM TO PERISAI OFFSHORE SDN BHD (POSB).

1. INTRODUCTION
The Board of Directors (“Board”) of Icon Offshore Berhad (“ICON/Company”) is pleased to announce that its subsidiary company, POSB has received a letter of award from a PAC to exercise the Extension Options No. 1 and 2 for the provision of one (1) jack-up drilling rig. 
 
2. BACKGROUND/DETAILS OF THE AWARD
The PAC had on 29 December 2020 issued a letter of award to POSB for their Drilling Program which has commenced in mid-April 2021 for a duration of 180 days for eight (8) wells. In the said letter of award, there are provisions for 3 contract extensions for up to 6 wells.
On 23 September 2021, POSB has received a letter of award from the PAC to exercise the Extension Options No. 1 and No. 2 for their Drilling Program. The expected commencement is in October 2021 for a period of 120 days for four (4) wells as per the following table:-
 
Extension Option No. 1: 3 wells
Extension Option No. 2: 1 well
 
3. FINANCIAL EFFECTS ON ICON
The contract award is expected to contribute positively to the earnings, order book and net assets of ICON for the financial year ending 31 December 2021 and beyond. With this award, the Order Book will increase to RM770 million. Notwithstanding this, the Award is not expected to have any material effect on the share capital and shareholding structure of ICON.
 
4. RISKS ASSOCIATED WITH THE AWARD
The risks associated with the contract award are mainly operational risks such as accidents and unexpected breakdown of the rig. In mitigating such risks, ICON carries out routine dry-docking inspections, repairs and regular maintenance based on the Company’s comprehensive planned maintenance program. Together with ICON’s strict health, safety and security policy and procedures, ICON is of the view that the likelihood and impact of these risks are considered to be manageable within an acceptable level.
 
5. CONFIDENTIALITY
The contents of this announcement follow the terms of the contract award and the approval for the release of the announcement has been provided by the PAC.
 
6. DIRECTORS' AND SHAREHOLDERS' INTEREST
None of the directors, major shareholders of ICON and/or persons connected with the directors or its major shareholders have any interest, direct or indirect in the Award.
 
7. DIRECTORS' STATEMENT
Our Board believes that the contract award is in the best interest of POSB and the holding company, ICON.

Date Announced : 28 Sep 2021

Posted by bullmarket1628 > 2021-09-28 22:49 | Report Abuse

Wow, Superb good news !
ICON grabbed another big contract again !

Like that tommorrow ICON going to limit up already liao lah !
Tommorrow ICON probably will be
closed at 0.40 (+0.30) (+300%)

Huat ah, Heng ah, Ong ah !

Posted by Icon 888 > 2021-09-29 03:56 | Report Abuse

The Best turnaround company

Posted by Icon 888 > 2021-09-29 14:11 | Report Abuse

Turnaround is Real

Posted by BILLC > 2021-09-29 14:19 | Report Abuse

How you know?? Any proofs?

Posted by suprnoob > 2021-09-29 17:56 | Report Abuse

sleeping beauty

Posted by cashflow > 2021-09-29 22:05 | Report Abuse

Way undervalued, just collect for ang pau

Posted by Gannina > 2021-09-29 22:06 | Report Abuse

Undervalued?

This stock is thrash.

Posted by suprnoob > 2021-09-30 10:20 | Report Abuse

accumulated losses less 14m but still over 830m...go go go!

Posted by bullmarket1628 > 2021-10-02 10:05 | Report Abuse

Sin Chew Jit Poh financial section front page got good news for all O&G counters !

油价起股价反跌 油气股料急起直追
特許费達協议 砂油气将活络
星洲日报 行业快门 洪建文/报道 2-10-2021

Kenanga Reseach upgrade O&G counters to 买进(BUY), 认为油气股股价和国际油价的”错配”，将带来短线交易和捞底的机会。
本地的油气活动之前受到封锁措施的打击，因此，该行看好2002年是复苏年，因为经济活动正重新开放、国家石油公司和全球企业将重新展开投资，尽管资本开销仍然低于疫情前。

Posted by sheep > 2021-10-02 10:15 | Report Abuse

Year 2002? Didn't checked or edit by writer or section panel, that showed his work ethics...you want to believe him?..wakakaka

Posted by cashflow > 2021-10-04 21:11 | Report Abuse

Oil price soaring high. Renbat more

Posted by Icon 888 > 2021-10-05 01:49 | Report Abuse

Waiting 0.10

Posted by bullmarket1628 > 2021-10-05 07:31 | Report Abuse

October 5, 2021 3:46 AM +08Last Updated 4 hours ago
Energy
Oil settles above $81 with OPEC+ sticking to output increase
By Laura Sanicola

https://www.reuters.com/business/energy/oil-falls-ahead-opec-supply-policy-meeting-2021-10-04/

Oct 4 (Reuters) - Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for petroleum products rebounds, despite pressure from some countries for a bigger boost to production.
The producer club's decision to keep increasing oil output gradually sent prices sharply higher, adding to inflationary pressures that consuming nations fear will derail an economic recovery from the pandemic. read more
OPEC+ agreed in July to boost output by 400,000 barrels per day (bpd) each month until at least April 2022 to phase out 5.8 million bpd of existing production cuts.
Brent crude settled up $1.98, or 2.5%, to $81.26 a barrel. It rose 1.5% last week for a fourth consecutive weekly gain, and was back up to highs last seen in 2018.

U.S. oil settled up $1.74, or 2.3%, to $77.62 a barrel after gaining for the past six weeks, and was at its highest since 2014.
"Given the demand picture and the outcome of the OPEC meeting, the overall sentiment around crude is bullish," said John Kilduff, partner at Again Capital LLC in New York.
Demand for coal and natural gas has exceeded pre-COVID-19 highs with oil closely trailing, according to energy watchdog, the International Energy Agency. Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables.
OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, has faced pressure from some countries to add back more barrels to the market as demand has recovered faster than expected in some parts of the world.

Four OPEC+ sources told Reuters recently that producers were considering boosting output by more than had already been agreed. read more
The oil price rally has also been fuelled by an even bigger increase in gas prices, which have spiked by 300%, prompting switching to fuel oil and other crude products to generate electricity and for other industrial needs.

Posted by bullmarket1628 > 2021-10-05 12:00 |

Post removed.Why?

Posted by bullmarket1628 > 2021-10-05 12:06 |

Post removed.Why?

Posted by Mabel > 2021-10-06 09:50 | Report Abuse

Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables. The rest will be coming from our Plantation Bio Fuel and Malaysia is the 2nd Biggest Exporter of Palm Oil.

Crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday. Our palm oil exports is expected to grow by 39% m-o-m and 0.3% y-o-y in September 2021 to 1.62 million tonnes, likely due to higher exports to India, China and the EU (European Union)

Meanwhile Fossil Energy prices continue to surge to fresh records as renewed fears stoke panic of the worst shortage in decades. India has warned it has only four days of coal reserves left, German power plants are running out of fuel and China just unloaded an Australian coal shipment despite an import ban and icy relations. Supply is just not there as economies rebound from a pandemic-induced lull, while problems like logistical logjams and transport bottlenecks are adding to the pressure.

Bigger picture: OPEC+ didn't come to the rescue yesterday as the group decided to continue its original plan of gradually releasing 400,000 additional barrels of oil per month. That's despite calls from world leaders, including the White House, to bring more crude on to the market and keep a lid on prices.

It's looking good guys from both Frontiers. Mabel Energy Battleships and Supertankers as well as Bio Fuel Plantation are cruising at full speed.

Meow Meow Meow

Posted by suprnoob > 2021-10-06 14:25 | Report Abuse

seems no operator interested holding this stock

Posted by cashflow > 2021-10-06 16:07 | Report Abuse

Operator will perform surprise move.

Posted by suprnoob > 2021-10-06 16:07 | Report Abuse

sure or not

Posted by bullmarket1628 > 2021-10-08 09:42 |

Post removed.Why?

Posted by bullmarket1628 > 2021-10-08 16:45 | Report Abuse

Wow, Super damn hot man ICON today !
Now ICON already traded at=> 0.11 +0.01 +10%

Huat ah, Heng ah, Ong ah !

Posted by cashflow > 2021-10-08 23:50 | Report Abuse

Go go go

Posted by Iinnvveessttooorrr > 2021-10-09 00:39 | Report Abuse

Icon cheap till laosai. Hoot n hold

Posted by Mabel > 2021-10-09 11:40 | Report Abuse

As countries around the world race to secure energy supplies as demand picks up and winter nears, we can expect a prolonged period of high oil prices, natural gas prices, and coal prices..

Slowly and surely...just like Mabel's first night....

It will be more intense than the previous rally ..Trust me :)

Meow

Posted by bullmarket1628 > 2021-10-10 16:09 | Report Abuse

Hitting the highways: Interstate travel allowed starting Monday (Oct 11), says PM
Sunday, 10 Oct 2021 2:56 PM MYT

https://www.thestar.com.my/news/nation/2021/10/10/hitting-the-highways-interstate-travel-allowed-starting-monday-oct-11-says-pm

Posted by bullmarket1628 > 2021-10-10 16:09 | Report Abuse

PETALING JAYA: Interstate travel nationwide will resume starting Monday (Oct 11), says Datuk Seri Ismail Sabri Yaakob.
The Prime Minister said this during a special address at 3pm on Sunday (Oct 10).

"With the achievement of almost 90% of the population being fully vaccinated, therefore I would like to announce that interstate travel will be allowed. This will begin on Monday (Oct 11).
“Interstate travel is only allowed for those who are fully vaccinated.
“The lifting of the prohibition on interstate travel does not apply for visits to localities placed under enhanced movement control order," he added.
Ismail Sabri also said fully vaccinated Malaysians can travel abroad without MyTravelPass effective Monday (Oct 11)...

Posted by bullmarket1628 > 2021-10-11 09:37 |

Post removed.Why?

Posted by bullmarket1628 > 2021-10-11 09:42 |

Post removed.Why?

Posted by bullmarket1628 > 2021-10-11 09:47 |

Post removed.Why?

Posted by Mabel > 2021-10-11 10:51 | Report Abuse

Meow Meow Meow

Posted by Mabel > 2021-10-11 23:02 | Report Abuse

https://www.youtube.com/watch?v=GzGtEPdmR3g

Brent will break USD 85 by this week...

All Captain Mabel Fossil Fuel Battleships and Super Tankers are already cruising at Full Speed and they are name after the ships in the Pirates of the Caribbean. These Armada Fleet of Battleships will be Air Supported by AirAsia and Singapore Airlines Jet Fighters.

Salute!

Captain Mabel Sparrow

Posted by bestoobest > 2021-10-12 16:34 | Report Abuse

what happen to your icon

Posted by JK22 > 2021-10-12 16:36 | Report Abuse

Coming soon. Slow and steady

Posted by Undi_PKR > 2021-10-13 12:02 | Report Abuse

Under BN/PN few are rich but the rest poor good? Why not try new govn?

Posted by bestoobest > 2021-10-13 19:26 | Report Abuse

how come it is stagnant

Posted by cashflow > 2021-10-14 08:41 | Report Abuse

ICON going to cruise towards 0.150, brace!

Posted by bestoobest > 2021-10-14 11:34 | Report Abuse

base on what

Posted by cashflow > 2021-10-14 22:33 | Report Abuse

Just watch the spike forming soon

Posted by Mabel > 2021-10-15 10:09 | Report Abuse

..another kambing cumming soon...

Meow Meow Meow

Posted by bestoobest > 2021-10-15 10:27 | Report Abuse

what is Huat ah,Heng ah,Ong ah

Posted by bullmarket1628 > 2021-10-15 13:20 | Report Abuse

Brent oil price is now at => $84.64 +0.64 +0.76%

Huat ah, Heng ah, Ong ah !

Posted by DickyMe3 > 2021-10-15 13:28 | Report Abuse

"Posted by bestoobest > Oct 15, 2021 10:27 AM | Report Abuse

what is Huat ah,Heng ah,Ong ah"
========================================================

It is his partner's cry while being slammed during intercourse.