kasinathan

I have got a funny dream..... pertaining the timing when can the new Sapura energy, (rebirth after PN17) to hit 59 cents again?

2 weeks ago

kasinathan

A lot of people didn't aware of the making of new Sapura energy is about to unveil....watch out!!

2 weeks ago

kasinathan

13X or 1300% of potential capital gain is in the pipeline. Never say impossible in share market...you don't know but the insider think otherwise

2 weeks ago

Balian de Ibelin

90% Capital reduction?
10 shares become only 1 share?

will it happen?

another 10 years of PN17 extensions likely 100 shares becomes only 1 share?

2 weeks ago

Balian de Ibelin

I hereby approve 100 years of PN17 extensions. 😊👍

2 weeks ago

SinGor

most people doesnT understand Balance sheet well enough to made confusing comment---
SAP has more than RM10 billion project that need financing---Debt to Equity Ratio is very important for
borrowing money---If Share #(nosh) is too small, Any Right Issue is meaning less ( as remisier said "to pay
Director fee only" )---Small Share # means High RI price ---who want to Buy RI----If SAP Debt is easy to
solve, no need New Banker CEO

2 weeks ago

kasinathan

Malaysia’s national oil and gas company Petroliam Nasional Bhd, or Petronas, said on Tuesday the Jerun field in Block SK408 had recently achieved its first gas production.

Sapura OMV Upstream (Sarawak) Inc operates the block off the coast of Sarawak with a 40% stake, while the remaining 60% is equally shared by Petronas and Shell, Petronas said in a statement. The Jerun field could produce up to 550 million standard cubic feet per day, it said.

“Adding to the country’s energy portfolio, this project promises significant contributions towards sustaining Malaysia’s long-term gas supply,” said Datuk Bacho Pilong, Petronas’ senior vice-president of Malaysia Petroleum Management, the governing body that manages the country’s petroleum resources.

1 week ago

kasinathan

If everything goes smoothly, it's expected the Jerun gas exploration to contribute 10 million to Sapura energy

1 week ago

kasinathan

The first hurdle is to break the resistance at 6 cents..... hopefully anytime from tomorrow

1 week ago

masterkevin212

550 million cubic feet of gas per day equal to USD250,000.00 current price x 100 million cubic feet x 5.5 = USD 1,375,000.00 per day
X RM 4.50 = RM 6.2m perday x 30days x 12 months = RM 2.23 billion

Sapuraomv 40% x RM 2.23 billion = RM 900 million per year

Why must sapuraomv sell to totalenergies?

1 week ago

Nikmon

Simple, with 15 billion debt, PMX stop the rescue and request SAP sell assets to pay debt...what can they do??

1 week ago

Nikmon

This is the fact, no supporting UMNO or PKR, just fact

1 week ago

Mabel

#kasinathan If everything goes smoothly, it's expected the Jerun gas exploration to contribute 10 million to Sapura energy
09/07/2024 7:11 PM

Petronas recently announced that the Jerun field in Block SK408, located approximately 160 kilometers off the coast of Sarawak, has achieved its first gas production.

The Jerun field, discovered in 2015 by Sapura OMV, is capable of producing up to 550 million standard cubic feet per day, addressing the increasing global energy demand.

As for TotalEnergies’ acquisition of SapuraOMV, they have signed an agreement to acquire OMV’s 50% interest in SapuraOMV for $903 million, subject to customary closing adjustments. This deal includes the transfer of a $350 million loan granted by OMV to SapuraOMV. SapuraOMV’s main assets include a 40% operated interest in block SK408, where the development of the Jerun gas field is on track for startup in the second half of 2024.

The transaction is expected to close by the end of the first half of 2024. This move strengthens TotalEnergies’ position in Malaysia and reinforces their partnership with Petronas, contributing to meeting the growing demand for gas in Asia.

Question?

With TotalEnergies acquisition, who will het the 10 million own by Sapura or TotalEnergies?

Meow

1 week ago

SinGor

new proposal to bankers might works---Management are Oil Man, their proposal are not Bankers Cup of Tea.
New PNB CEO( former CIMB MD ) new proposal can please and calm Bankers ( they think and work on same
dimension )

1 week ago

Nikmon

SAP share price too low for them to accept, future is uncertain...just need gov step in and said will work together SAP without spending a penny..confident of creditor will regain..

1 week ago

Huangbk72

Really unbelievable.. Coconut Felix bought and promoted SAP 2 years ago.

Really keep in FD better 🤣🤣🤣

2 years lost cash interest..

This is what happen when coconut trying to act smart 🤣🤣🤣🤣🤣

1 week ago

Dav Yau

Nobody knows what will happen to this counter. For those with a Braveheart that goes in @ 0.04 and 0.045....will sapu all the cash in the end. This counter is like a Poker Game....only for the Braveheart.....lol

1 week ago

waseong

https://www.upstreamonline.com/production/-highly-attractive-investment-shell-hails-start-up-of-malaysia-offshore-project/2-1-1676550

1 week ago

waseong

‘Highly attractive investment’: Shell hails start-up of Malaysia offshore project
The Jerun gas condensate field came on stream this week

Zoe Yujnovich, Shell's head of integrated gas and upstream.
Zoe Yujnovich, Shell's head of integrated gas and upstream.Photo: SHELL
Amanda Battersby
Asia Bureau ChiefSingapore

Published 12 July 2024, 14:53
UK supermajor Shell has hailed the Jerun gas field offshore Malaysia that came on stream earlier this week as a “highly attractive investment”.

Shell has a 30% interest in SapuraOMV Upstream’s Block SK 408 offshore Sarawak, East Malaysia, that hosts Jerun. The partners in 2021 took the final investment decision on Jerun, where the central production platform is designed to produce up to 550 million cubic feet per day of gas, with condensate output of 15,000 barrels per day of condensate.

Gas from Jerun is exported via a new 80-kilometre pipeline to the E11RB production hub for onward delivery to customers in Bintulu, Sarawak, including the Petronas LNG Complex.

“Jerun was a highly attractive investment for Shell, building on our interests in this important region off the coast of Sarawak, offshore Malaysia, where Shell operates the Timi platform and has the Rosmari-Marjoram project under construction,” said Zoe Yujnovich, Shell’s integrated gas and upstream director.

The Jerun co-venturers are operator SapuraOMV Upstream with a 40% stake, Sarawak Shell and Malaysia’s national E&P player Petronas Carigali on 30%.


“Gas is an important fuel for Malaysia and the world, providing a secure form of energy for heating, cooling and power generation. We are delighted the venture has reached this milestone,” added Yujnovich.

Energy giant Shell on Friday said it remains committed to supporting Malaysia’s economic progress and energy transition efforts with “competitive and resilient investments”.

On Shell’s Capital Market Day in 2023, the company committed to deliver upstream and integrated gas projects coming on stream between 2023 to 2025, with total peak production of greater than 500,000 barrels of oil equivalent per day.

1 week ago

Cockcroach

Considered as positive news

1 week ago

Dav Yau

All these news is from WSJ. I am going in just because Sapura Energy got an extension for 12 months. Just my guessing, if this company will not be safe it won't get any extension. Another 6 months to the final date anything can happen. At RM 0.04 is worth the gamble.....lol...Hope i am right this time round....

1 week ago

Robert Waters

You can never extract all the gas.
Gas estimate subject to change.
Secondary, tertiary recovery is very expensive.
The customer base within pipeline boundary may be limited.
FLNG may cost 10 bln USD, so the process machinery alone may take production over several years.

1 week ago

Nikmon

AGM around corner, however not putting mush hope on it...needs to wait for update regarding the OMV sale

1 week ago

SinGor

Big # shares changing hands--PNB throws 100m--Who bought 100#???

6 days ago

intansri

Syndicate bought to position for trading in future if good news comes out. So far 9800 shareholders are holding 94% of total shares. Not much shares in the market

6 days ago

intansri

100m shares only worth 4-5 million ringgit

6 days ago

SinGor

I donT think syndicate----PNB's ma-chai---Constant collection in 4--3.5cents last 9months.
Maybe we are in the End of collection----PNB bought 30cents Sell 4 cents ( any sense or not----PNB runs by
standard One )

6 days ago

Nikmon

Tomorrow blood bath?

6 days ago

intansri

If the disposal was not for ma-chai, then it was intended for PNB to reshuffle the unit trust holding by the Amanah Saham Bumiputera portfolio to avoid any confusion during the restructuring period

6 days ago

intansri

It is a good move

6 days ago

Robert Waters

I believe that the syndicate will keep this counter at 4. They will collect more and then push it up to dump all they accummulated. This is not a new story.
Look at the amounts of shares that Amanahraya is dumping. Insiders have inside info ?

6 days ago

SinGor

PNB has Broken Bursa's rules on "announcement of Selling within T+3 " ( Last selling is on MAY 03,07,08,09,
14,15,16,17, 20,23---05June ) How did it happen??? PNB used agent ( they didnT report to PNB )
So there is a PLAN and it is not well understand yet by agent

6 days ago

SinGor

PNB loss about 26mil after selling 100m shares at 4 cents ( Bought at 30cents )---Who would such a crazy thing?
Bob-No-Hope

6 days ago

intansri

This amounts of loss is Peanut for PNB

5 days ago

Nikmon

What if it is private fund house and execute such stunt, perhaps you will be the first to condemn and fire the CEO. If the CEO announced the losses is peanut, I believe next day will be flooded with withdrawal..

5 days ago

Nikmon

26 million is a big amount.... significant ly impact the distribution, there are other loss from this selling also like carrying cost

5 days ago

Nikmon

Worst still, if this is just the beginning, loss is around 4-5 billion..

5 days ago

SinGor

if PNB follow standard reducing of stake ( 40% to 30% )But want to recoup losses---they will use agent to
strip layer by layer of resistance but also sell down to agents collecting----now agent has alot bullets to
push up and down----my believe there is news but kept shut to allow agent to remove All resistance up
to 30cents or more-------------just my 2 cents prediction

5 days ago

SinGor

PNB agent will Tell all syndicate to stay out---Believe me everybody knows everybody in Bursa---It is always
Ikan Bilis gets EATEN

5 days ago

MrHuangBK

What is coconut Felix feeling now? Despair or kena cheated by his own coconut brain ? 😂

Strongly promoted SAP for years using PNB

Now PNB also selling 🤣🤣

5 days ago

TalkNumberOne

Ladies and gentlemen, time to buy yo. The loser has spoken. Haha 100% salah prediction record no balls guy came back from his grave. Haha for months he went missing in search for his balls and still failed to deliver 1sen promise or even 2sens promise.

5 days ago

TalkNumberOne

So now just mark 4sens when he start talking again. Sapura will go up or down, I don’t know. But I know 100% wrong prediction record will never lie. When the no balls guy quiet sell when no balls guy noisy buy. Simple easy peasy, thank you no balls guy now I know what to do

5 days ago

MrHuangBK

Very soon 1000 day wake service. Stay tuned

Pity all the promoters from 2022😂

All stuck and nothing to say anymore

Durian busuk also try to sell.. 🤣

5 days ago

Robert Waters

Truth is slowly coming out. The Syndicate has been SELLING behind the scenes. When they are done, their share disposed, only ikan bilis will be trading small share parcels between each other.

5 days ago

gamble

play usa stocks better. can up 1000% profit. instant millionaire. not wise putting money in malaysia stock market.

3 days ago

zenbeginner

Amanah trustees selling so much shares....not a good sign

7 hours ago

Nikmon

PNB continue selling...

5 hours ago

Rocky Mass

Support is BROKEN... substantial holder exiting and CL...

5 hours ago

zenbeginner

Too hard and high a mountain to climb

3 hours ago

thetruthstory

its biden, the whole bursa is down

2 hours ago