【BARAKAH 7251 交流专区】巴勒卡岸外石油（前身 Vastalx能源）

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（吉隆坡24日讯）Barakah Offshore Petroleum Bhd今早交投活络，股价上涨10.5%，因该集团获得一名白武士注资，支持其债务重组计划。

截至早上10点35分，该股升1仙，至10.5仙，共6177万股成交。

根据《The Edge》财经日报今日的报道，Barakah代总执行长Abdul Rahim Awang表示，在与较大的债权人讨论后，他预计将在下个月完成债务重组计划。

A Survey by The Edge Malaysia

“我们已与较大的债权人交谈，他们愿意支持我们。所以我们有两个非常好的支持，即白武士和债权人。现在需要确定计划，我们考虑下个月进行。”

同时，Barakah与新加坡上市公司Vallianz Holdings Ltd昨日签署为期两年的了解备忘录（MoU），结成策略联盟，共同探索在马来西亚和中东的商业机会。

他说：“这是Nik（Hamdan Daud）辞去总执行长职务后，我们首次签署了解备忘录。我认为，接下来将会签署更多了解备忘录。”

Abdul Rahim表示，签署了解备忘录的主要目的是扩大集团的市场范围，使其在海外招标更具竞争力，现在双方正在合作从中东获得新的工作订单。然而，他拒绝透露有关工单的进一步细节。

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Date of change	15 Apr 2019
Name	ENCIK ABDUL RAHIM BIN AWANG
Age	54
Gender	Male
Nationality	Malaysia
Designation	President
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Arts inAccounting	St. Martin’s College, Lacey, Washington, USA

Working experience and occupation	En. Abdul Rahim Bin Awang started his career with Ernst & Young as a Junior Audit Assistant and later as an Audit Assistant in the audit division from 1988 to 1992. He joined Bumiputra Merchant Bankers Berhad in 1992 as an officer and later assumed the position of Assistant Manager in the Corporate Finance Department. In 1995, he joined Tongkah Holdings Berhad (THB) as Corporate Finance Manager, where he was in charge of corporate finance and capital restructuring of the company. On 9 May 2001, he was appointed to the Board of Directors of THB. In 2004, he was appointed as General Manager of Finance in HL Engineering Sdn Bhd (later renamed Kencana HL Sdn Bhd). In 2005, he was appointed as the Chief Financial Officer of Kencana Petroleum Berhad (KPB ). Later in 2007, he was designated as Head of Corporate Affairs. Following the merger of KPB with SapuraCrest Petroleum Berhad in May 2012, he assumed the position of Head of Capital Management and Investor Relations until June 2013. He joined Barakah Offshore Petroleum Berhad on 2 September 2013 as the Vice President and Chief Corporate Officer. He oversees corporate services division of the Group, which covers investor and media relations, corporate communication, and corporate, secretarial and legal advisory. He has over 26 years of experience in corporate finance, corporate advisory, financing and financial restructuring, including mergers and acquisition and initial public offerings.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Direct interest: 600,000 ordinary shares (0.07%)Indirect interest: 100,000 ordinary shares (0.01%)Interest held by his spouse.
Details of any interest in the securities of the listed issuer or its subsidiaries	Nil

Remarks :

Due to the resignation of En. Nik Hamdan Bin Daud as the Group President and Chief Executive Officer of the Company, the Board had today appointed En. Abdul Rahim Bin Awang as Acting Group Chief Executive Officer of the Company with immediate effect until the appointment of a new Group President and Chief Executive Officer of the Company is made.

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Date of change	15 Apr 2019
Name	ENCIK NIK HAMDAN BIN DAUD
Age	52
Gender	Male
Nationality	Malaysia
Designation	President
Directorate	Executive
Type of change	Resignation
Reason	Due to personal reason.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Science with honours in Electrical/Electronic Engineering	Worcester Polytechnic Insitiute in Massachusetts, USA	He is also a qualified gas pipeline licensed contractor with Energy Commission of Malaysia.

Working experience and occupation	En Nik Hamdan Bin Daud started his career as a Test Engineer in Motorola Sdn. Bhd. and worked with the company from 1989 to 1991.His career in oil and gas industry began when he joined Esso Production Malaysia Inc. as a Quality Control and Corrosion Engineer from 1991 to 1996. At Esso, he was involved in execution of many offshore projects.He then joined Pipetronix Sdn. Bhd., a German-owned offshore pipeline service company, from 1996 to 2000 as its Managing Director, where he was actively involved in the technical and commercial aspects of the business.From there, En Nik then founded PBJV in year 2000 and eventually creating a niche for PBJV as the market leader in pipeline services in Malaysia.During his years with Pipetronix and PBJV, En Nik has served various reputable oil and gas clients such as PETRONAS Carigali, Sarawak Shell Berhad, ExxonMobil, Petrofac, Newfield, Murphy Oil, Talisman Malaysia Limited and VietsoPetro, among others.He has been extensively involved in upstream activities, mainly in pipeline services, integrity management, platform operations and maintenance, developing standard operating procedures, the training and development of engineers and Health Safety Environment Management Systems (HSEMS).
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest: 282,562,737 ordinary shares (33.808%)Indirect Interest: 2,390,000 ordinary shares (0.286%)Deemed interested by virtue of his shareholding in Vertical Sources Sdn. Bhd. pursuant to Section 8(4) of the Companies Act 2016

Remarks :

En. Nik Hamdan Bin Daud also resigned from his position as Group President and Chief Executive Officer of the Company with immediate effect.Due to the resignation of En. Nik Hamdan Bin Daud as the Group President and Chief Executive Officer of the Company, the Board had today appointed En. Abdul Rahim Bin Awang as Acting Group Chief Executive Officer of the Company with immediate effect until the appointment of a new Group President and Chief Executive Officer of the Company is made.

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Name	MAGNADRIVE SDN. BHD.
Address	Wisma Samling, Lot 296 Jalan Temenggong Datuk Oyong Lawai Jau Miri 98000 Sarawak Malaysia.
Company No.	1168423-A
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	15 Mar 2019	1,000,000	Disposed	Direct Interest
	Name of registered holder	Magnadrive Sdn. Bhd.
	Address of registered holder	Wisma Samling, Lot 296 Jalan Temenggong Datuk Oyong Lawai Jau 98000 Miri, Sarawak
	Description of "Others" Type of Transaction
2	21 Mar 2019	18,750,000	Acquired	Direct Interest
	Name of registered holder	Magnadrive Sdn. Bhd.
	Address of registered holder	Wisma Samling, Lot 296 Jalan Temenggong Datuk Oyong Lawai Jau 98000 Miri, Sarawak
	Description of "Others" Type of Transaction
3	27 Mar 2019	6,538,800	Disposed	Direct Interest
	Name of registered holder	Magnadrive Sdn. Bhd.
	Address of registered holder	Wisma Samling, Lot 296 Jalan Temenggong Datuk Oyong Lawai Jau 98000 Miri, Sarawak
	Description of "Others" Type of Transaction
4	28 Mar 2019	500,000	Disposed	Direct Interest
	Name of registered holder	Magnadrive Sdn. Bhd.
	Address of registered holder	Wisma Samling, Lot 296 Jalan Temenggong Datuk Oyong Lawai Jau 98000 Miri, Sarawak
	Description of "Others" Type of Transaction
5	01 Apr 2019	6,000,000	Disposed	Direct Interest
	Name of registered holder	Magnadrive Sdn. Bhd.
	Address of registered holder	Wisma Samling, Lot 296 Jalan Temenggong Datuk Oyong Lawai Jau 98000 Miri, Sarawak
	Description of "Others" Type of Transaction
6	02 Apr 2019	6,000,000	Disposed	Direct Interest
	Name of registered holder	Magnadrive Sdn. Bhd.
	Address of registered holder	Wisma Samling, Lot 296 Jalan Temenggong Datuk Oyong Lawai Jau 98000 Miri, Sarawak
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares in open market and acquisition of shares via direct business transaction with United Power Group Holdings Limited
Nature of interest	Direct Interest
Direct (units)	42,461,200
Direct (%)	5.08
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	42,461,200
Date of notice	17 Apr 2019
Date notice received by Listed Issuer	17 Apr 2019

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Name	NIK HAMDAN BIN DAUD
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	09 Apr 2019	10,000,000	Disposed	Direct Interest
	Name of registered holder	Nik Hamdan Bin Daud
	Address of registered holder	No. 32, Jalan Chanselor U1/13A Glenmarie Residence, Seksyen U1 40150 Shah Alam Selangor Darul Ehsan
	Description of "Others" Type of Transaction
2	16 Apr 2019	5,000,000	Disposed	Direct Interest
	Name of registered holder	Nik Hamdan Bin Daud
	Address of registered holder	No. 32, Jalan Chanselor U1/13A Glenmarie Residence, Seksyen U1 40150 Shah Alam Selangor Darul Ehsan
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares by Kenanga Investment Bank Berhad in open market to rectify shortfall of personal margin account position
Nature of interest	Direct Interest
Direct (units)	260,362,737
Direct (%)	31.152
Indirect/deemed interest (units)	2,390,000
Indirect/deemed interest (%)	0.286
Total no of securities after change	262,752,737
Date of notice	19 Apr 2019
Date notice received by Listed Issuer	19 Apr 2019

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Type	Announcement
Subject	OTHERS
Description	Press Release in relation to strategic alliance with Vallianz
The Board of Directors of Barakah Offshore Petroleum Berhad is pleased to attach the press release for public release. Please refer attachment below. This announcement is dated 23 April 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6134053

Attachments Barakah - Press Release dated 23.04.2019.pdf

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Name	NIK HAMDAN BIN DAUD
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	22 Apr 2019	10,000,000	Disposed	Direct Interest
	Name of registered holder	Nik Hamdan Bin Daud
	Address of registered holder	No. 32, Jalan Chanselor U1/13A Glenmarie Residence, Seksyen U1 40150 Shah Alam Selangor Darul Ehsan
	Description of "Others" Type of Transaction
2	23 Apr 2019	20,000,000	Disposed	Direct Interest
	Name of registered holder	Nik Hamdan Bin Daud
	Address of registered holder	No. 32, Jalan Chanselor U1/13A Glenmarie Residence, Seksyen U1 40150 Shah Alam Selangor Darul Ehsan
	Description of "Others" Type of Transaction
3	24 Apr 2019	45,000,000	Disposed	Direct Interest
	Name of registered holder	Nik Hamdan Bin Daud
	Address of registered holder	No. 32, Jalan Chanselor U1/13A Glenmarie Residence, Seksyen U1 40150 Shah Alam Selangor Darul Ehsan
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares by Kenanga Investment Bank Berhad in open market to rectify shortfall of personal margin account position
Nature of interest	Direct Interest
Direct (units)	182,962,737
Direct (%)	21.891
Indirect/deemed interest (units)	2,390,000
Indirect/deemed interest (%)	0.286
Total no of securities after change	185,352,737
Date of notice	02 May 2019
Date notice received by Listed Issuer	02 May 2019

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Notice of Person Ceasing (Section 139 of CA 2016)

BARAKAH OFFSHORE PETROLEUM BERHAD

Particulars of Substantial Securities Holder

Name	MAGNADRIVE SDN. BHD.
Address	Wisma Samling, Lot 296 Jalan Temenggong Datuk Oyong Lawai Jau Miri 98000 Sarawak Malaysia.
Company No.	1168423-A
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Date of cessation	04 Apr 2019
Name & address of registered holder	Magnadrive Sdn. Bhd.Wisma Samling, Lot 296Jalan Temenggong Datuk Oyong Lawai Jau98000 Miri, Sarawak

No of securities disposed	15,500,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of shares in open market
Nature of interest	Direct Interest
Date of notice	03 May 2019
Date notice received by Listed Issuer	03 May 2019

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Type	Announcement
Subject	OTHERS
Description	Press Release in relation to Barakah teams up with Minsheng Financial Leasing Co. to explore opportunities in Oil & Gas space
The Board of Directors of Barakah Offshore Petroleum Berhad is pleased to attach a press release dated 6 May 2019 in relation to the matter as referred to above. This announcement is dated 6 May 2019. Please refer attachment below.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6152609

Attachments Barakah - Press release 06.05.2019.pdf

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Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 FIRST ANNOUNCEMENT
Description	BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") - FIRST ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Pursuant to Paragraph 8.04 and Practice Note 17 (“PN17”) of the Main Market Listing Requirements (“Listing Requirements”), the Board of Directors of Barakah wishes to announce that the Company is an affected listed issuer (“PN17 Company”) as it has triggered Paragraphs 2.1(a), 2.1(e) and 2.1(f) of PN17 of Listing Requirements. Hence, as of the date hereof, Barakah is considered a PN17 Company. Please refer to the attached document for further details. This announcement is dated 17 May 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6165165

Attachments BOP - First Ancmt (17 May 19) (Bursa).pdf

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Type	Announcement
Subject	OTHERS
Description	BARAKAH OFFSHORE PETROLEUM BERHAD (BARAKAH OR THE COMPANY) VALUATION OF NON-CURRENT ASSETS INCORPORATED INTO FINANCIAL STATEMENTS OF BARAKAH
1. INTRODUCTION Pursuant to Paragraph 9.19(46) and Part H of Appendix 9A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Barakah ("Board") had approved the incorporation of the revaluation deficit of approximately USD39 million (RM161.1 million) in the consolidated financial statements of Barakah for the financial period ending 31 May 2019. 2. PURPOSE OF VALUATION The valuation was carried out to as one of the proactive measures taken by Barakah to manage and restructure the debt levels of the Group and to ascertain the fair value of the PPE of the Group for accounting purposes pursuant to Malaysian Financial Reporting Standards ("MFRS") 116: Property, Plant and Equipment. 3. REVALUATION DEFICIT, NAME OF VALUER, DATE OF VALUATION AND VALUATION ON PPE BY VALUER No. Property/ Description of Property Name of Valuer / Date of Valuation New valuation adopted by the Board* Carrying Amount as at 31 December 2018* Revaluation Deficit# 1. All steel welded/ constructed accommodation/ Pipelay Barge ‘Kota Laksamana 101’, fitted with a pipe laying equipment, accommodation for 325 men and with helideck registered at Port Klang, Malaysia Maphilindo-Insight Sdn. Bhd. / 17 May 2019 USD21 million (RM87.6 million) USD60 million (RM250.3 million) USD39 million* (RM161.1 million) Notes: #    1USD : RM4.171. *    Based on an estimated  fair market value on KL101 as assessed by Maphilindo-Insight Sdn. Bhd. of between USD20 million and USD23 million. 4. EFFECT OF THE REVALUATION DEFICIT ON THE NET ASSETS PER SHARE The recognition of the revaluation deficit of approximately USD39 million (RM161.1 million) will result in a decrease in net assets per share as at 31 May 2019. 5. DOCUMENTS FOR INSPECTION The valuation report is available for inspection at the registered office of Barakah at Lot 6.08, 6th Floor Plaza First Nationwide, No. 161 Jalan Tun H.S. Lee 50000 Kuala Lumpur, during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 21 May 2019.

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Type	Announcement
Subject	OTHERS
Description	BARAKAH OFFSHORE PETROLEUM BERHAD (BARAKAH OR THE COMPANY) DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) (LISTING REQUIREMENTS)(DEFAULT IN PAYMENT)
1. INTRODUCTION The Company’s wholly-owned subsidiary, namely Kota Laksamana 101 Ltd (“KL101”), have defaulted in its instalment payments to Export-Import Bank of Malaysia Berhad (“EXIM Bank”). a. Date and reasons for the Default in Payment KL101 had, on 17 May 2019, received a notice of demand for the outstanding instalment payments to EXIM Bank as follows: Facility Amount due & owing as at 16 May 2019 USD Ijarah Facility Agreement dated 11.06.2014 (“Agreement”) 2,654,211.11 KL101 is not able to meet its obligation to repay EXIM Bank due to financial constraints and therefore had defaulted its payments to EXIM Bank. The loan with EXIM Bank was taken for the financing of the pipe lay barge, Kota Laksamana 101. It was an Islamic Facility (Ijarah) and the drawn down amount was USD57,459,534 in August 2014. The total loan amount outstanding as at 16 May 2019 was USD42,318,732.81. The monthly repayment for the loan is on a step-up basis for the duration of the loan until 2024. The monthly repayment of the loan pursuant to the Agreement for the calendar year 2019 is USD600,000/month which includes the applicable profit rate. For further clarity, the amount due and owing to EXIM Bank of USD2,654,211.11 as at 16 May 2019 includes both principal and profit. b. Measures by the Company to address the Default in Payment The Company is in the midst of finalising a comprehensive plan to address the Group’s current financial concerns which may include restructuring all its banking facilities. c. The legal implications of the default including the extent of the Company’s liability in  respect of the obligations incurred under the agreements for the indebtedness In the event of default in payment, the lenders shall have the right to declare the banking facilities therein be cancelled and all sums outstanding under the respective facilities shall become due and payable immediately. Following thereto, the lenders may enforce on the securities created under the respective facilities, if any. d. Business, financial and operational impact of the Default in Payment The Default in Payment may aggravate the current financial concerns of the Group. The lack of financial support from financial institutions is expected to have a material adverse impact on the business and operations of the Group. The Group shall endeavor to continue its other remaining business operations notwithstanding the default and will engage with the lenders and suppliers for their continuous support. e. Cross default The default in payment will give rise to an event of default by virtue of the cross default provision under the loan documents of the financing facilities undertaken by the Company. f. Whether the subsidiary company which has defaulted is a major subsidiary company KL101 is a major subsidiary of Barakah. 2. WHETHER THE COMPANY IS SOLVENT After taking into consideration the Group’s current cash flow position vis-à-vis its total debt obligations payable and available cashflow, the Company is unable to declare that it is solvent pursuant to Paragraph 9.19A(4) of the Listing Requirements. In arriving at the above, the Board has considered and assessed the financial position and consolidated projected cash flow of Barakah and formed the opinion that Barakah will not be able to service all its debts as and when they fall due in the next 12 months in its entirety. Arising from the Default in Payment and the Company is unable to declare that it is solvent, the Company has triggered the prescribed criteria under Paragraph 2.1(f) of the Practice Note 17 of the Listing Requirements. Nevertheless, the Group is in the midst of finalising a scheme to restructure the Group’s debt with EXIM Bank and past due creditors as part of a comprehensive plan to address the Group’s current financial concern, so that the Group will be able to continue its current operations and meet its obligations for the current projects that the Group is currently executing. This announcement is dated 21 May 2019.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Fifteen Months	Fifteen Months
		01 Jan 2019 To	01 Jan 2018 To	01 Jan 2018 To	01 Jan 2017 To
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	50,431	19,381	293,684
2	Profit/(loss) before tax	-41,469	-19,812	-92,565
3	Profit/(loss) for the period	-41,927	-19,927	-103,536
4	Profit/(loss) attributable to ordinary equity holders of the parent	-41,926	-19,927	-103,507
5	Basic earnings/(loss) per share (Subunit)	-5.05	-2.41	-12.48
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1140		0.2463

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Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN
Description	BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY")(I)        PROPOSED SHARE CAPITAL REDUCTION;(II)        PROPOSED DISPOSAL;(III)        PROPOSED PLACEMENT;(IV)        PROPOSED DEBT SETTLEMENT; AND(V)        PROPOSED EXEMPTION(COLLECTIVELY REFERRED TO AS THE "PROPOSED REGULARISATION PLAN")
On behalf of the Board of Directors of Barakah (“Board”), MIDF Amanah Investment Bank Berhad (“MIDF Investment”) wishes to make the requisite announcement pursuant to Paragraph 4.2(a) of Practice Note 17, which sets out the Company’s Proposed Regularisation Plan comprising the following proposals:- (a) Proposed reduction of the issued share capital of Barakah pursuant to Section 116 of the Companies Act 2016 (“Proposed Share Capital Reduction”); (b) Proposed disposal of a pipelay barge, which is a marine vessel that is primarily used for the laying of pipes underwater owned by KL101 (“Pipe Lay Barge”) to Lecca Group Pte Ltd (“Lecca”) for a total cash consideration of USD21.00 million (“Proposed Disposal”); (c) Proposed placement to (i) Lecca and such persons as may be informed by Lecca in writing and as agreed to by Barakah (“Placement Investor”) of 375,000,000 new ordinary shares in Barakah (“Barakah Shares”) (“Tranche 1 Placement Shares”), at an issue price of RM0.04 per Tranche 1 Placement Share, together with RM25.00 million in nominal value of five (5) year 10% redeemable convertible unsecured loan stocks at 100% of its nominal value of RM0.04 each (“RCULS-B”) on the basis of five (5) RCULS-B for every three (3) Tranche 1 Placement Shares subscribed (“Proposed Placement Tranche 1”) and (ii) the option to Lecca to subscribe for up to 250,000,000 new Barakah Shares (“Tranche 2 Placement Shares”) at an exercise price of RM0.04 per Barakah Share at any time over a five (5) year period from the date of the completion of the Subscription Agreement (as defined herein) (“Proposed Placement Tranche 2”)(“Proposed Placement”); (d) Proposed debt settlement involving (i) a waiver of debt of approximately RM153.99 million owing to the scheme creditors of Barakah and PBJV; (ii) cash payment of RM32.00 million; (iii) the issuance of RM33.00 million in nominal value of five (5) year 3% redeemable convertible unsecured loan stocks at 100% of its nominal value of RM0.04 each (“RCULS-A”) and (iv) the issuance of RM69.00 million in nominal value of five (5) year 5% redeemable unsecured loan stocks at 100% of its nominal value of RM1.00 each (“RULS”) to the scheme creditors (“Proposed Debt Settlement”); and (e) Proposed exemption under paragraph 4.08(1)(c) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions (“Rules”) for Lecca and its persons acting in concert (“PACS”) from the obligation to undertake a mandatory offer for all the remaining ordinary shares and convertible securities in Barakah not already owned by them after the Proposed Placement (“Proposed Exemption”). The Proposed Share Capital Reduction, Proposed Disposal, Proposed Placement, Proposed Debt Settlement, and Proposed Exemption are collectively referred to as the “Proposed Regularisation Plan”. Further details of the Proposed Regularisation Plan are set out in the announcement attached herein. This announcement is dated 8 July 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6217125

Attachments Barakah - Requisite Ann(2019-07-08)(Bursa).pdf

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Type	Announcement
Subject	OTHERS
Description	BARAKAH OFFSHORE PETROLEUM BERHAD - NOTIFICATION OF SUSPENSION FROM PETROLIAM NASIONAL BERHAD
Barakah Offshore Petroleum Berhad ("Barakah" or the “Company") wish to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (“PBJV”) received a notification dated 8 July 2019 of suspension of PBJV’s license from Petroliam Nasional Berhad (“Petronas”). The letter from Petronas indicated that there was an adverse report from Petronas Carigali Sdn Bhd (“PCSB”) pertaining to the non-performance of PBJV in relation to the contract relating to provision of underwater services for PCSB. Resulting from that, Petronas has decided to suspend PBJV’s license for a period of three (3) years with effect from the date of the letter. The implication of the letter is that Petronas including its subsidiaries and any Petroleum Arrangement Contractors (PACs”) will not award any new contract to PBJV during the suspension period. PBJV will not be allowed to bid for new projects undertaken by Petronas including its subsidiaries and any PACs during the suspension period. Nevertheless PBJV is still allowed to continue and complete its existing and on-going contracts with Petronas including its subsidiaries and PACs in accordance to the term and conditions of the respective existing and on-going contracts. The Company will seek clarification from Petronas and appeal against the suspension. This announcement is dated 9 July 2019.

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Type	Announcement
Subject	OTHERS
Description	BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY")- NOTICES OF COURT CONVENED MEETINGS OF SCHEME CREDITORS
The Board of Directors of Barakah wishes to inform that the Court Convened Meetings (“CCM”) of scheme creditors of Barakah and its wholly owned subsidiary, PBJV Group Sdn Bhd, will be held on Wednesday, 31 July 2019 at times specified in the attached notices at Sireh Junjung Banquet Hall, F55, Level 1, PJU 5 Encorp Strand Mall, 47810 Petaling Jaya, Selangor. The full text of the notices of CCM of the scheme creditors are attached herewith for your kind attention. This announcement is dated 9 July 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6218325

Attachments Barakah - Notice of CCM.pdf PBJV - Notice of CCM.pdf

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BARAKAH OFFSHORE PETROLEUM BERHAD

Date of change	19 Jul 2019
Name	ENCIK ABDUL RAHIM BIN AWANG
Age	54
Gender	Male
Nationality	Malaysia
Designation	President
Directorate	Executive
Type of change	Resignation
Reason	Due to personal reasons
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Arts inAccounting	St. Martin’s College, Lacey, Washington, USA

Working experience and occupation	En. Abdul Rahim Bin Awang started his career with Ernst & Young as a Junior Audit Assistant and later as an Audit Assistant in the audit division from 1988 to 1992. He joined Bumiputra Merchant Bankers Berhad in 1992 as an officer and later assumed the position of Assistant Manager in the Corporate Finance Department. In 1995, he joined Tongkah Holdings Berhad (THB) as Corporate Finance Manager, where he was in charge of corporate finance and capital restructuring of the company. On 9 May 2001, he was appointed to the Board of Directors of THB. In 2004, he was appointed as General Manager of Finance in HL Engineering Sdn Bhd (later renamed Kencana HL Sdn Bhd). In 2005, he was appointed as the Chief Financial Officer of Kencana Petroleum Berhad (KPB ). Later in 2007, he was designated as Head of Corporate Affairs. Following the merger of KPB with SapuraCrest Petroleum Berhad in May 2012, he assumed the position of Head of Capital Management and Investor Relations until June 2013. He joined Barakah Offshore Petroleum Berhad on 2 September 2013 as the Vice President and Chief Corporate Officer. He oversees corporate services division of the Group, which covers investor and media relations, corporate communication, and corporate, secretarial and legal advisory. He has over 26 years of experience in corporate finance, corporate advisory, financing and financial restructuring, including mergers and acquisition and initial public offerings.
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Direct interest: 600,000 ordinary shares (0.07%)Indirect interest: 100,000 ordinary shares (0.01%)Interest held by his spouse.
Details of any interest in the securities of the listed issuer or its subsidiaries	Nil

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Date of change	19 Jul 2019
Name	ENCIK NIK HAMDAN BIN DAUD
Age	52
Gender	Male
Nationality	Malaysia
Designation	President
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Science with honours in Electrical/Electronic Engineering	Worcester Polytechnic Insitiute in Massachusetts, USA	He is also a qualified gas pipeline licensed contractor with Energy Commission of Malaysia.

Working experience and occupation	En Nik Hamdan Bin Daud started his career as a Test Engineer in Motorola Sdn. Bhd. and worked with the company from 1989 to 1991.His career in oil and gas industry began when he joined Esso Production Malaysia Inc. as a Quality Control and Corrosion Engineer from 1991 to 1996. At Esso, he was involved in execution of many offshore projects.He then joined Pipetronix Sdn. Bhd., a German-owned offshore pipeline service company, from 1996 to 2000 as its Managing Director, where he was actively involved in the technical and commercial aspects of the business.From there, En Nik then founded PBJV in year 2000 and eventually creating a niche for PBJV as the market leader in pipeline services in Malaysia.During his years with Pipetronix and PBJV, En Nik has served various reputable oil and gas clients such as PETRONAS Carigali, Sarawak Shell Berhad, ExxonMobil, Petrofac, Newfield, Murphy Oil, Talisman Malaysia Limited and VietsoPetro, among others.He has been extensively involved in upstream activities, mainly in pipeline services, integrity management, platform operations and maintenance, developing standard operating procedures, the training and development of engineers and Health Safety Environment Management Systems (HSEMS).
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest:        131,229,237 ordinary shares (15.701%)

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BARAKAH OFFSHORE PETROLEUM BERHAD

Date of change	22 Jul 2019
Name	MR FIRDAUZ EDMIN BIN MOKHTAR
Age	46
Gender	Male
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	Due to personal reasons

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国油吊销pbjv执照-巴拉卡岸外无法重组巨债
http://www.enanyang.my/news/20190803/国油吊销pbjv执照-br巴拉卡岸外无法重组巨债/

Type	Announcement
Subject	OTHERS
Description	BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR "THE COMPANY")-         OUTCOME OF THE COURT CONVENED MEETINGS ("CCMs") UNDER SECTION 366 OF THE COMPANIES ACT 2016 ON 31 JULY 2019
Reference is made to the announcement dated 9 July 2019 in relation to the Notices of CCMs of Scheme Creditors. The Board of Directors of Barakah wishes to announce that the CCMs were convened on 31 July 2019. At the said CCMs, the Company informed the Scheme Creditors that due to the suspension letter issued by Petronas dated 8 July 2019 (which was announced on 9 July 2019) notifying the suspension of PBJV Group Sdn Bhd’s license, this had made it challenging for the Company to implement the proposed scheme presented to the Scheme Creditors. In view of the same, the Company decided not to proceed with the proposed scheme and the proposed scheme was not put to vote by the Scheme Creditors in the respective CCMs. Further development will be announced to Bursa Malaysia Securities Berhad in due course. This announcement is dated 31 July 2019.