BARAKAH OFFSHORE PETROLEUM BHD
KLSE (MYR): BARAKAH (7251)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.04
Today's Change
0.00 (0.00%)
Day's Change
0.04 - 0.045
Trading Volume
1,100
Overview
Market Cap
40 Million
NOSH
1,003 Million
Avg Volume (4 weeks)
4,295,435
4 Weeks Range
0.03 - 0.06
4 Weeks Price Volatility (%)
33.33%
52 Weeks Range
0.02 - 0.075
52 Weeks Price Volatility (%)
36.36%
Previous Close
0.04
Open
0.045
Bid
0.04 x 14,363,000
Ask
0.045 x 1,198,200
Day's Range
0.04 - 0.045
Trading Volume
1,100
Financial Highlight
Latest Quarter | Ann. Date
31-Dec-2022 [#2] | 27-Feb-2023
Next QR | Est. Ann. Date
31-Mar-2023 | 25-May-2023
T4Q P/E | EY
3.78 | 26.44%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.00 | 18.18
T4Q NP Margin | ROE
9.18% | 480.81%
Market Buzz
News and Blogs
Company Profile
Sector: ENERGY
Sector: ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Description:
Barakah Offshore Petroleum Bhd is a Malaysia-based investment holding company. It is involved in the oil and gas industry in Malaysia. The company, through its subsidiary, is engaged in providing and carrying out onshore and offshore contracting works, such as pipeline pre-commissioning, commissioning and de-commissioning, pipeline installation, fabrication, hook-up, topside maintenance and other related activities. It offers various services, including pipeline services, offshore transportation and installation works, hook-up and commissioning, onshore construction, underwater services and chartering of marine vessels and equipment.
Discussions
20 people like this. Showing 50 of 16,180 comments
KUALA LUMPUR (Nov 29): Barakah Offshore Petroleum Bhd returned to the black with a net profit of RM92.99 million in the first quarter ended Sept 30, 2021 (1Q FY2022) from a net loss of RM2.94 million in the same period last year, attributable to owners of the company.
Revenue, however, shrank to RM17.54 million from RM32.63 million previously, mainly due to fewer projects carried out during the quarter under review.
The Practice Note 17 (PN17) oil and gas company said it reported revenue of RM17.54 million generated from its pipeline and commissioning services segment in 1Q FY2022 from RM31.6 million in 1Q FY2021.
“This was due to fewer work orders received from Pan Malaysia maintenance, construction and modification works from clients during the current financial quarter,” it said.
The group said no revenue has been generated from its installation and construction services business in 1Q FY2022.
Moving forward, Barakah expressed confidence that there are still project opportunities deployed by project owners and main contractors around the Asian region.
“The group will continue pursuing opportunities, and with the group capabilities and proven track record, there is a good chance and prospect to secure the opportunities available,” it said.
Barakah added that the group would continue enhancing its operational efficiency of existing projects and cost reduction to improve profit margins thus ensuring the sustainability of its business.
“Meanwhile, the group is currently formulating a plan to regularise its financial conditions to uplift from the PN17 status,” it said.
2021-11-29 23:14
Reference is made to the announcement made by Barakah Offshore Petroleum Berhad ("the Company") on 10 September 2021 ("Announcement") in relation to the Adjudication Claim that had been served against Enquest Petroleum Production Malaysia Ltd (“ENQUEST”) by its wholly-owned subsidiary, PBJV Group Sdn Bhd (“PBJV”) on 6 September 2021 through ENQUEST’s appointed solicitors for the total sum of RM73,570,587.19 (“Outstanding Sum”). Unless stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the Announcement.
The Company wishes to inform that in relation to the Announcement, PBJV have, on 3 January 2022, been notified by its solicitors that the Adjudicator has determined and delivered his Decision in favour of PBJV on 29 December 2021, breakdown of which are as follows:-
(a) ENQUEST (“Respondent”) shall pay to PBJV (“Claimant”) the sum of RM71,567,429.55 (“Adjudicated Sum”); and
(b) The adjudicated sum shall be paid on or before 28 January 2022 (“the Due Date”);
(c) Interest at a rate of 5% per annum on the Adjudicated Sum calculated from the Due Date until full payment; and
(d) Costs of the adjudication proceedings of RM154,995.69.
The adjudication Decision is subject to further legal proceedings. Therefore, the Company will make the appropriate announcements to Bursa Malaysia as and when there are material developments in relation thereof.
This announcement is dated 3 January 2022.
2022-01-03 22:36
Regularisation plan submitted on 28 April 2022.. waiting for next week result.. if get 6 months extension until Nov 2022, share price will go up simultaneously.. next is EQ RM71,567,429.55 and the Hearing is fixed on 1 June 2022.. if the result in favour of Bara, then again share price will go up.. Petnas license suspended until July 2022, if can get back the license then the share price will go up again and again and again.. for me, this is the right time to acquire the share.. * just my 3 cents
2022-05-12 22:21
No any news after 28th April already .
Any idea what’s the outcome from 1st June Hearing ?
2022-06-08 05:46
White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT
https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html
A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices.
Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”.
The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down.
Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”
2022-10-06 07:46
Reference is made to the Company’s earlier announcement dated 28 April 2022 in relation to the Proposed Regularisation Plan (“Requisite Announcement”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Requisite Announcement.
On behalf of the Board, Malacca Securities wishes to announce the following:
(i) the Company had on 8 November 2022, entered into a subscription agreement with Zainal ‘Abidin Abd Jalil (“Mr Zainal” or “Subscriber”) for Mr Zainal or his nominee to subscribe for 50,000,000 Barakah Shares (“Subscription Shares”) at a Subscription Price of RM0.02 per Subscription Share (“Subscription Agreement”) (“Proposed Shares Issuance”);
(ii) the Company proposes to terminate its existing employee share option scheme upon the Proposed ESS coming into effect (“Proposed ESOS 2013/2023 Termination”);
(iii) that the Company had on even date also decided to fix the basis and issue price of the Proposed Rights Issue with Warrants to be 2 Rights Shares for every 1 existing Barakah Share held, together with free detachable Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for at a rights issue price of RM0.02 each (“Rights Issue Price”), on an Entitlement Date to be determined and announced later; and
(iv) that the Board has also decided to fix the exercise price of the Warrants at RM0.03 each (“Warrant Exercise Price”).
Pursuant thereto, the Company wishes to announce that the Proposed Shares Issuance and Proposed ESOS 2013/2023 Termination shall together with the Proposed Rights Issue with Warrants, Proposed Capital Reduction and Proposed ESS, form the “Proposed Regularisation Plan”.
Further details of the Proposed Regularisation Plan are set out in the attachment below.
This announcement is dated 8 November 2022
2022-11-08 18:44
Today Up..haha..Anyone know what happened?..their Petronas license suspended being lifted?..
1 month ago
Regularisation plan review is usually 3 months. I wonder if Bursa have come back to Barakah? How do we find out
1 month ago
@CubaTryTest.. Not that easy.. lawsuit and proceeding.. suing Petronas.. don't know either they are in good relations or not..
1 month ago
Baru serahkan cadangan Proposed Regularisation Plan untuk Bursa luluskan. Jika lulus baru dapat pembebasan PN17. persoalannya bila keputusannya. ??? Sementara ini buy & sell flying blind...
1 month ago
Dalam menanti proses kkelulusan, pemegang saham majoriti akan terus menekan harga terendah i e 0.05 kerana tahu Regularisation Plan akan diluluskan dan PN17 diumumkam Harga akan melambung naik...strategi yang dapat dibaca. Bagi pelabur runcit yang dapat bertahan strong holding yang akan berjaya meraih keuntungan...
1 month ago
Ramalan untuk dapatkan kelulusan Bursa terhadap Proposed Regularisation Plan adalah kurang dari 3 bulan selepas dikembalikan pada Barakah untuk amendment pada awal Februari 2023. Teka teki Barakah bila boleh dibebasksn dari PN17 akan terjawab bilamana Bursa approval diperolehi. Yang pasti kejutan harga pasti berlaku bukan perkara perrkara Proposed Regularisation Plan tetapi pembebasan PN17....
3 weeks ago
Post a Comment
Featured Posts
MQ Trader Announcement!
Trending Events
MQ Trading Signals
Time
Signal
Duration
Type
2023-03-29 11:47:04
EMA 5
10 Mins
BUY
2023-03-29 11:47:04
ADX
10 Mins
BUY
2023-03-29 11:47:04
EMA 5
30 Mins
BUY
Apps
Top Articles
1
save malaysia!
2
Rh Research Blog
4
BFM Podcast
5
7
8
RHB Investment Research Reports
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sumalia
LMAO
2021-11-16 14:26