【SAMUDRA 7185 交流专区】东洋工程

icy97

東洋獲緬2油氣合約

2013-10-05 10:36      
（吉隆坡4日訊）東洋工程（SAMUDRA,7185,主板貿服組）獲緬甸國油探勘與緬甸PC（香港）有限公司頒發合約以為岸外鑽探活動提供導管系統處理與營運服務。

該公司發文告表示，兩項合約為期3年，並無標準合約價值，因價值取決於兩公司的需求與活動水平及東洋工程在合約期間所提供的服務。

此外，該公司必須在30天內，向緬甸國油探勘與緬甸PC（香港）有限公司分別提呈由商業銀行發出的不可撤回及無條件首次調用銀行擔保總值8萬2千美元（26萬2千令吉）與4萬4千美元（14萬令吉）。

兩項合約料對該公司未來截至2014財政年6月30日止的盈利有正面貢獻，然而對淨資產與債務比卻沒有顯著影響。（ 星洲日報／財經）

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - AWARD OF CONTRACT TO KSTB - PROVISION OF TUBULAR HANDLING AND RUNNING SERVICES FOR OFFSHORE DRILLING CAMPAIGN, PC MYANMAR (HONG KONG) LIMITED
1. INTRODUCTION The Board of KSTB is pleased to announce that KSTB had been awarded a contract by PC Myanmar (Hong Kong) Limited (“PCML”) for the provision of tubular handling and running services for offshore drilling campaign (“the Contract”). 2. DURATION OF CONTRACT The Contract shall be effective from the date of the Contract and continue for a primary period of three (3) years. 3. VALUE OF CONTRACT There is no indication on the value of the contract awarded by PCML for the provision of tubular handling and running services for offshore drilling campaign as the value for such services depends on the demand and activities level of PCML as well as upon services rendered by KSTB during the duration of the contract. 4. BANK GUARANTEE KSTB is required to submit to PCML an irrevocable and unconditional first call bank guarantee issued by a commercial bank in favor of PCML for an amount of USD44,000.00 (US Dollars: Forty-Four Thousands only) within thirty (30) days from the effective date of the Contract. 5. RISK FACTOR Risk factors affecting the Contract include but are not limited to execution risks such as availability of skilled manpower and material, changes in prices of materials, and changes in economic, business and political conditions. KSTB will undertake all necessary efforts to mitigate the various risk factors identified. 6. FINANCIAL EFFECTS The Contract is not expected to have a material effect on the net assets and gearing of KSTB for the financial year ending 30 June 2014. The Contract is expected to contribute positively to the earnings and earnings per share ("EPS") of KSTB Group for the current financial year ending 30 June 2014 and in the future. The potential effects of the Contract on the earnings and EPS of KSTB Group are however depend on the demand for the tubular handling and running services for offshore drilling campaign thereof and level of activities by PCML. KSTB would only derive income upon services rendered to PCML as per the Contract. In the event the Contract is terminated or suspended, such event would not have any material impact on the current level of operation and future earnings of KSTB Group. 7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the directors or major shareholders of KSTB or persons connected to them have any interest, direct and indirect, in the above Contract. 8. DIRECTORS’ STATEMENT The Board of Directors of KSTB is of the opinion that the acceptance of the Contract is in the best interest of the Company. This announcement is dated 4 October 2013.

icy97

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - AWARD OF CONTRACT TO KSTB - PROVISION OF TUBULAR HANDLING AND RUNNING SERVICES FOR ONSHORE DRILLING CAMPAIGN, PETRONAS CARIGALI MYANMAR INC.
1. INTRODUCTION The Board of KSTB is pleased to announce that KSTB had been awarded a contract by Petronas Carigali Myanmar Inc (“PCMI”) for the provision of tubular handling and running services for onshore drilling campaign (“the Contract”). 2. DURATION OF CONTRACT The Contract shall be effective from the date of the Contract and continue for a primary period of three (3) years. 3. VALUE OF CONTRACT There is no indication on the value of the contract awarded by PCMI for the provision of tubular handling and running services for onshore drilling campaign as the value for such services depends on the demand and activities level of PCMI as well as upon services rendered by KSTB during the duration of the Contract. 4. BANK GUARANTEE KSTB is required to submit to PCMI an irrevocable and unconditional first call bank guarantee issued by a commercial bank in favour of PCMI for an amount of USD82,000.00 (US Dollars: Eighty-Two Thousands only) within thirty (30) days from the effective date of the Contract. 5. RISK FACTOR Risk factors affecting the Contract include but are not limited to execution risks such as availability of skilled manpower and material, changes in prices of materials, and changes in economic, business and political conditions. KSTB will undertake all necessary efforts to mitigate the various risk factors identified. 6. FINANCIAL EFFECTS The Contract is not expected to have a material effect on the net assets and gearing of KSTB for the financial year ending 30 June 2014. The Contract is expected to contribute positively to the earnings and earnings per share ("EPS") of KSTB Group for the current financial year ending 30 June 2014 and in the future. The potential effects of the Contract on the earnings and EPS of KSTB Group are however depend on the demand for the tubular handling and running services for onshore drilling campaign thereof and level of activities by PCMI. KSTB would only derive income upon services rendered to PCMI as per the Contract. In the event the Contract is terminated or suspended, such event would not have any material impact on the current level of operation and future earnings of KSTB Group. 7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the directors or major shareholders of KSTB or persons connected to them have any interest, direct and indirect, in the above Contract. 8. DIRECTORS’ STATEMENT The Board of Directors of KSTB is of the opinion that the acceptance of the Contract is in the best interest of the Company. This announcement is dated 4 October 2013.

icy97

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - AWARD OF CONTRACT TO KSTB - PROVISION OF TUBULAR HANDLING AND RUNNING SERVICES FOR ONSHORE DRILLING CAMPAIGN, PETRONAS CARIGALI MYANMAR INC. - AWARD OF CONTRACT TO KSTB - PROVISION OF TUBULAR HANDLING AND RUNNING SERVICES FOR OFFSHORE DRILLING CAMPAIGN, PC MYANMAR (HONG KONG) LIMITED
We act for and on behalf of KSTB. Further to the two (2) announcements made on 4 October 2013, the Board of KSTB is pleased to announce the date of contracts for the following awards:- Awards Date of Contract 1. Award by Petronas Carigali Myanmar Inc for the provision of tubular handling and running services for onshore drilling campaign 30 September 2013 2. Award by PC Myanmar (Hong Kong) Limited for the provision of tubular handling and running services for offshore drilling campaign 3 October 2013 This announcement  dated 7 October 2013.

icy97

国油勘探延长东洋工程合约

财经新闻 财经  2013-10-30 11:55
（吉隆坡29日讯）东洋工程（SAMUDRA，7185，主板贸服股）独资子公司Samudra OilServices，获国油勘探私人有限公司（Petronas Carigali）延长合约2个月。

东洋工程向马交所报备，Samudra Oil提供管状处理设备和服务的合约，获国油勘探延长两个月，从10月24日至12月23日，不过并没有透露合约价值。

该公司预计，合约获延长不会对截至2014年6月30日现财年的净资产和负债有任何实质影响，不过会为盈利和每股盈利带来贡献。[南洋网财经]

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - EXTENSION OF CONTRACT AWARDED TO SAMUDRA OIL SERVICES SDN. BHD. - PROVISION OF TUBULAR HANDLING EQUIPMENT AND SERVICES FOR PETRONAS CARIGALI SDN. BHD.
1. INTRODUCTION The Board of KSTB is pleased to announce that Samudra Oil Services Sdn. Bhd. ("Samudra Oil"), the wholly-owned subsidiary of KSTB had been awarded an extension of contract by Petronas Carigali Sdn. Bhd. ("PCSB") for provision of Tubular Handling Equipment and Services for a further period of two (2) months ("the Extended Contract"). 2.        DURATION OF THE CONTRACT The commencement date for the Extended Contract shall be on 24 October 2013 (inclusive) and shall be valid for two (2) months until 23 December 2013 (inclusive). 3.        RISK FACTORS Risk factors affecting the Extended Contract include but are not limited to execution risks such as availability of skilled manpower and material, changes in price of materials, and changes in economic,business and political conditions. KSTB will undertake all necessary efforts to mitigate the various risk factors identified. 4.        FINANCIAL EFFECTS The Extended Contract is not expected to have a material effect on the net assets and gearing of KSTB for the financial year ending 30 June 2014. The Extended Contract is expected to contribute positively to the earnings and earnings per share ("EPS") of KSTB Group for the current financial year ending 30 June 2014. 5.        DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the directors or major shareholders of Samudra Oil and KSTB or persons connected to them have any interest, direct and indirect, in the Extended Contract. 6.        DIRECTORS' STATEMENT The Board of Directors of Samudra Oil and KSTB are of the opinion that the acceptance of the Extended Contract is in the best interest of the KSTB Group. KTSB has received written consent from PCSB for the release of this announcement in relation to the Extended Contract on 29 October 2013. This announcement is dated 29 October 2013

icy97

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - EXTENSION OF CONTRACT AWARDED TO SAMUDRA OIL SERVICES SDN. BHD. - PROVISION OF TUBULAR HANDLING EQUIPMENT AND SERVICES FOR PETRONAS CARIGALI SDN. BHD.
We act for and on behalf of KSTB. Further to the announcement made on 29 October 2013, the Board of KSTB wishes to inform that there is no indication on the value of the Extended Contract awarded by Petronas Carigali Sdn. Bhd. ("PCSB") for the provision of Tubular Handling Equipment and Services as the value for such services depends on the demand and activity levels of PCSB and the scope of services rendered by Samudra Oil Services Sdn. Bhd. during the duration of the Extended Contract. This announcement is dated 31 October 2013.

icy97

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (‘‘KSTB” OR THE ‘‘COMPANY”) PROPOSED DISPOSAL BY KSTB OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF SAMUDRA OIL SERVICES SDN BHD (“SAMUDRA OIL”) TO DESTINI BERHAD ("DESTINI" OR THE “PURCHASER”) FOR A DISPOSAL CONSIDERATION OF RM80.00 MILLION TO BE SATISFIED ENTIRELY BY 228,571,428 NEW ORDINARY SHARES OF RM0.10 EACH IN DESTINI (“DESTINI SHARE(S)”) AT AN ISSUE PRICE OF RM0.35 PER DESTINI SHARE (“PROPOSED DISPOSAL OF SAMUDRA OIL”)
(All definitions used herein shall have the same meanings as the words and expressions defined in the announcement dated 20 May 2013, 7 August 2013, 6 September 2013, 11 September 2013, 19 September 2013 and 25 September 2013, except where the context otherwise requires or where otherwise defined herein.) For the purpose of this announcement, the RM equivalent or USD equivalent have been derived based on the published foreign exchange middle rate by Bank Negara Malaysia of USD1.00: RM3.16 as at 31 October 2013, being the latest date practicable for this announcement (“LPD”). We refer to the announcements dated 7 August 2013 and 19 September 2013 made by the Company pertaining to the heads of agreement entered between the Company and Destini on 7 August 2013. On behalf of the Board of Directors of KSTB (“Board”), Kenanga Investment Bank Berhad (“KIBB”) wishes to announce that KSTB had on 1 November 2013 entered into a Shares Sale Agreement with Destini for the proposed disposal of the entire issued and paid-up capital of Samudra Oil for a disposal consideration of RM80.00 million to be fully satisfied by 228,571,428 new Destini Shares at an issue price of RM0.35 per Destini Share (“Consideration Shares”). The Proposed Disposal of Samudra Oil is a major disposal, meaning the disposal of all or substantially all of a listed corporation’s assets which may result in the listed corporation being no longer suitable for continued listing on the Official List of Bursa Malaysia Securities Berhad (“Bursa Securities”), pursuant to Paragraph 10.11A of Main Market Listing Requirements issued by Bursa Securities. Accordingly, on 23 October 2013, KAF Investment Bank Berhad has been appointed by the Company as the Independent Adviser to advise the directors and shareholders of the Company on whether the terms of the Proposed Disposal of Samudra Oil is fair and reasonable. Please refer to the attachment for further details. This announcement is dated 1 November 2013.

Attachments Proposed Disposal of Samudra Oil (Attachment).pdf

icy97

德斯狄尼8000萬 購東洋工程油氣子公司

財經3 Nov 2013 14:38
（吉隆坡3日訊）德斯狄尼（DESTINI，7212，主要板貿易）建議發新股，以8000萬令吉向東洋工程（SAMUDRA，7185，主要板貿易）收購Samudra Oil服務私人有限公司（簡稱SAMUDRA OIL）全數股權。

德斯狄尼向馬證交所報備，建議向東洋工程發售2億2857萬股德斯狄尼新股，新股每股發售價35仙，相等于以8000萬令吉，收購東洋工程獨資子公司SAMUDRA OIL全數股權。

根據報備文件，德斯狄尼通過收購SAMUDRA OIL，將有機會擴大產品和服務供應至油氣領域，成為一站式綜合工程解決方案服務供應商。

另一方面，東洋工程可通過脫售SAMUDRA OIL，獲得約6603萬令吉的一次性淨收益。

報備文件指出，上述一次性淨收益將讓東洋工程在未來財務報表中取得正面的保留盈餘（retained earnings），不再是目前累積虧損狀態。[中国报财经]

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KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	NM-131106-58199
Subject	KEJURUTERAAN SAMUDRA TIMUR BERHAD (‘‘KSTB” OR THE ‘‘COMPANY”) PROPOSED DISPOSAL BY KSTB OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF SAMUDRA OIL SERVICES SDN BHD (“SAMUDRA OIL”) TO DESTINI BERHAD ("DESTINI" OR THE “PURCHASER”) FOR A DISPOSAL CONSIDERATION OF RM80.00 MILLION TO BE SATISFIED ENTIRELY BY 228,571,428 NEW ORDINARY SHARES OF RM0.10 EACH IN DESTINI (“DESTINI SHARE(S)”) AT AN ISSUE PRICE OF RM0.35 PER DESTINI SHARE (“PROPOSED DISPOSAL OF SAMUDRA OIL”)
Description	Further to the announcement dated 1 November 2013 and in response to the request for additional information from Bursa Malaysia Securities received on 6 November 2013, KIBB on behalf of the Board of Directors of KSTB wishes to provide the additional information as set out in the attachment. This announcement is dated 7 November 2013.
Query Letter Contents	We refer to your announcement dated 1 November 2013 in respect of the abovecaptioned matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release :- 1. Whether the placing out of the Consideration Shares will be completed simultaneously with the completion of the Proposed Disposal of Samudra Oil. 2. Particulars of all liabilities to be assumed by Purchaser, arising from the Proposed Disposal of Samudra Oil. 3. The original date of investment in Samudra Oil. 4. Details of the new businesses and/or assets to be acquired by KTSB which is to be financed via the cash proceeds arising from the Proposed Disposal of Samudra Oil. 5. The timeframe for full utilisation of proceeds arising from the Proposed Disposal of Samudra Oil. 6. The principal markets for the products and services of Destini. 7. The principal markets for the services of Samudra Oil.

Attachments KSTB - Additional Information.pdf

icy97

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (‘‘KSTB” OR THE ‘‘COMPANY”) PROPOSED DISPOSAL BY KSTB OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF SAMUDRA OIL SERVICES SDN BHD (“SAMUDRA OIL”) TO DESTINI BERHAD ("DESTINI" OR THE “PURCHASER”) FOR A DISPOSAL CONSIDERATION OF RM80.00 MILLION TO BE SATISFIED ENTIRELY BY 228,571,428 NEW ORDINARY SHARES OF RM0.10 EACH IN DESTINI (“DESTINI SHARE(S)”) AT AN ISSUE PRICE OF RM0.35 PER DESTINI SHARE (“PROPOSED DISPOSAL OF SAMUDRA OIL”)
(All definitions used herein shall have the same meanings as the words and expressions defined in the announcement dated 20 May 2013, 7 August 2013, 6 September 2013, 11 September 2013, 19 September 2013, 25 September 2013, 1 November 2013 and 7 November 2013 except where the context otherwise requires or where otherwise defined herein.) Further to the additional information announced on 7 November 2013, KIBB on behalf of the Board of Directors of KSTB wishes to further clarify that in relation to Item No. 2 in respect of the liabilities to be assumed by the Purchaser, there will be no liabilities to be assumed by the Purchaser arising from the Proposed Disposal of Samudra Oil. This announcement is dated 8 November 2013.

icy97

东洋工程获国油勘探合约

财经新闻 财经  2013-11-10 08:29
（吉隆坡9日讯）东洋工程（SAMUDRA，7185，主板贸服股）宣布于10月29日从国油勘探私人有限公司（Petronas Carigali）获得一项合约，提供西马营运浅水区的管状处理设备和服务。

该公司通过文告表示，合约将在10月30日生效，直至2018年10月29日。

该合约料对其2014财政年的净利和每股盈利带来贡献。[南洋网财经]

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - AWARD OF CONTRACT FOR THE PROVISION OF TUBULAR HANDLING EQUIPMENT AND SERVICES FOR PETRONAS CARIGALI SDN. BHD. – SHALLOW WATERS (WEST MALAYSIA OPERATIONS)
1.        INTRODUCTION The Board of KSTB is pleased to announce that KSTB had been awarded a contract by PETRONAS Carigali Sdn. Bhd. (“PCSB”) for the provision of tubular handling equipment and services for shallow water (West Malaysia Operations) (“the Contract”) on 29 October 2013. 2. DURATION OF CONTRACT The commencement date for the Contract shall be on 30 October 2013 (inclusive) and shall be valid until 29 October 2018 (inclusive). 3.        RISK FACTORS Risk factors affecting the Contract include but are not limited to execution risks such as availability of skilled manpower and material, changes in the price of materials, and changes in economic, business and political conditions. KSTB will undertake all necessary efforts to mitigate the various risk factors identified. 4.        FINANCIAL EFFECTS The Contract is not expected to have a material effect on the net assets and gearing of KSTB for the financial year ending 30 June 2014. The Contract is expected to contribute positively to the earnings and earnings per share ("EPS") of KSTB Group for the financial year ending 30 June 2014. 5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the directors or major shareholders of KSTB or persons connected to them have any interest, direct and indirect, in the Contract. 6. DIRECTORS’ STATEMENT The Board of Directors of KSTB is of the opinion that the acceptance of the Contract is in the best interest of the Company. KTSB has received written consent from PCSB for the release of this announcement in relation to the Contract on 8 November 2013. This announcement is dated 8 November 2013.

icy97

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	NM-131111-44261
Subject	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - AWARD OF CONTRACT FOR THE PROVISION OF TUBULAR HANDLING EQUIPMENT AND SERVICES FOR PETRONAS CARIGALI SDN. BHD. ("PCSB") – SHALLOW WATERS (WEST MALAYSIA OPERATIONS)
Description	Reference is made to the announcement dated 8 November 2013 and the query from Bursa Malaysia Securities Berhad ("Bursa Securities") via its facsimile dated 11 November 2013 in relation to the same (“Bursa Query”). The Board of KSTB wishes to announce the additional information in relation to the Award of Contract for the provision of tubular handling equipment and services for PETRONAS Carigali Sdn. Bhd. – Shallow Waters (West Malaysia Operations) as required by Bursa Securities pursuant to the Bursa Query as per the attached announcement. This announcement is dated 12 November 2013.
Query Letter Contents	We refer to your announcement dated 8 November 2013 in respect of the above captioned matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release :- 1. The value of the Contract. 2. Whether the Contract is renewable. If so, for how many years.

Attachments

icy97

东洋工程获Mubadala合约

财经新闻 财经  2013-11-16 13:12
（吉隆坡15日讯）东洋工程（SAMUDRA，7185，主板贸服股）宣布，获Mubadala石油的子公司颁发合约，不过并没有透露合约价值。

根据文告，东洋工程是在10月30日获颁合约，负责提供管状处理设备与服务。

这项合约也从当日开始生效，为期5年，目前尚不清楚合约价值，因为相关服务取决于Mubadala石油在期限内的活动与需求。

这项合约预计为东洋工程在2014财年带来进账。[南洋网财经]

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD - AWARD OF CONTRACT TO KSTB - PROVISION OF TUBULAR HANDLING EQUIPMENT AND SERVICES – MUBADALA PETROLEUM
1. INTRODUCTION The Board of KSTB is pleased to announce that KSTB had been awarded a contract by an affiliate of Mubadala Petroleum for the provision of tubular handling equipment and services (“the Contract”) on 30 October 2013. 2. DURATION OF CONTRACT The Contract shall be effective and valid for a period of five (5) years from 30 October 2013. 3. VALUE OF CONTRACT There is no indication on the value of the Contract awarded by Mubadala Petroleum as the value for such services depends on the demand and activity levels of Mubadala Petroleum and the scope of services rendered by KSTB during the duration of the Contract. 4.        RISK FACTORS Risk factors affecting the Contract include but are not limited to execution risks such as availability of skilled manpower and material, changes in the price of materials, and changes in economic, business and political conditions. KSTB will undertake all necessary efforts to mitigate the various risk factors identified. 5.        FINANCIAL EFFECTS The Contract is not expected to have a material effect on the net assets and gearing of KSTB for the financial year ending 30 June 2014. The Contract is expected to contribute positively to the earnings and earnings per share of KSTB Group for the financial year ending 30 June 2014. 6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the directors or major shareholders of KSTB or persons connected to them have any interest, direct and indirect, in the Contract. 7. DIRECTORS’ STATEMENT The Board of Directors of KSTB is of the opinion that the acceptance of the Contract is in the best interest of the Company. KTSB has received written consent from Mubadala Petroleum for the release of this announcement in relation to the Contract on 14 November 2013. This announcement is dated 14 November 2013.

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KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - AWARD OF CONTRACT TO KSTB - PROVISION OF TUBULAR HANDLING EQUIPMENT AND SERVICES – MUBADALA PETROLEUM
We act for and on behalf of KSTB. Further to the announcement made on 14 November 2013, the Board of KSTB wishes to inform that there is no renewable option granted to KSTB for the Contract awarded by an affiliate of Mubadala Petroleum for the provision of tubular handling equipment and services on 30 October 2013. This announcement is dated 20 November 2013.

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SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2013	30/09/2012	30/09/2013	30/09/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,441	3,310	2,441	3,310
2	Profit/(loss) before tax	21	-375	21	-375
3	Profit/(loss) for the period	2,293	1,596	2,293	1,596
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,318	1,626	2,318	1,626
5	Basic earnings/(loss) per share (Subunit)	1.62	1.14	1.62	1.14
6	Proposed/Declared dividend per share (Subunit)	0.00	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 ($$)	0.1640		0.1530

icy97

东洋工程获油气合约

财经新闻 财经  2013-11-30 12:08
（吉隆坡29日讯）东洋工程（SAMUDRA，7185，主板贸服股）通过联合竞标，从大马埃克森美孚（ExxonMobil）勘探和生产公司获颁授权书（LOA），为钻井和修井计划，提供管件装卸设备及服务。

惟文告并没有揭露项目价值，因这取决于埃克森美孚的需求和活动水平，和期间东洋工程所提供的服务。

东洋工程需呈上不可撤销及无条件的银行担保给埃克森美孚，价值为763万2349令吉，有效期限为5年。

该项目料会为其2014财政年的净利和每股净利带来正面贡献。[南洋网财经]

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - LETTER OF AWARD FOR PROVISION OF TUBULAR HANDLING EQUIPMENT AND SERVICES FOR EXXONMOBIL EXPLORATION AND PRODUCTION MALAYSIA INC.
1. INTRODUCTION The Board of Directors of KSTB is pleased to announce that KSTB had on 28 October 2013 received the Letter of Award from ExxonMobil Exploration and Production Malaysia Inc. (“EMEPMI”)for the joint tender exercise for Provision of Tubular Handling Equipment and Services for PSC Operators’ Drilling and Workover Programs from EMEPMI ("the Project"). 2. VALUE OF CONTRACT There is no indication on the value of the Project as the value for such services depends on the demand and activity levels of EMEPMI and the scope of services rendered by KSTB during the duration of the Project. 3.        BANK GUARANTEE KSTB is required to submit to EMEPMI an irrevocable and unconditional bank guarantee ("BG") in favour of EMEPMI for an amount of RM7,632,349.92 (Ringgit Malaysia: Seven Million Six Hundred and Thirty-Two Thousand Three Hundred and Forty-Nine and sen Ninety-Two) only which shall be valid throughout the 5-year duration of the Project, until three (3) months after expiry of the BG period within two (2) weeks after the issuance of the Letter of Award. 4.        RISK FACTOR Risk factors affecting the Project include but are not limited to execution risks such as availability of skilled manpower and material, changes in the prices of materials, and changes in economic, business and political conditions. KSTB will undertake all necessary efforts to mitigate the various risk factors identified. 5.        FINANCIAL EFFECTS The Project is not expected to have a material effect on the net assets and gearing of KSTB for the financial year ending 30 June 2014. The Project is expected to contribute positively to the earnings and earnings per share ("EPS") of KSTB for the financial year ending 30 June 2014. 6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the directors or major shareholders of KSTB or persons connected to them have any interest, direct and indirect, in the Project. 7. DIRECTORS’ STATEMENT The Board of Directors of KSTB is of the opinion that the acceptance of the Project is in the best interest of the Company. KTSB has received written consent from EMEPMI for the release of this announcement in relation to the Project on 29 November 2013. This announcement is dated 29 November 2013.

icy97

東洋工程不延長Tesco新加坡代理人協議

2013-12-05 11:07      
（吉隆坡4日訊）東洋工程（SAMUDRA，7185，主板貿服組）決定不再延長與Tesco新加坡之間的代理人協議，相關合約將從明年1月1日起失效。

該公司發文告說，雙方是在2012年簽署上述代理人協議，以委任公司出任Tesco大馬區代理人，而Tesco將根據執行表現給予傭金回酬，這項合約將於明年1月屆滿。

然而，在Tesco新加坡的套管鑽井業務在2012年被Schlumberger集團收購後，即開始傳出Tesco或把套管鑽井服務轉給Schlumberger集團，這將明顯降低公司在合約下的服務量，在歷經商討卻未取得成果後，公司決定不再延長相關協議。（星洲日報／財經）

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - EXPIRATION OF REPRESENTATIVE AGREEMENT DATED 1 JANUARY 2012 ENTERED INTO BETWEEN KSTB AND TESCO SINGAPORE PTE. LTD.
1. INTRODUCTION The Board of Directors of KSTB wishes to announce that the Representative Agreement dated 1 January 2012 (“the Agreement”) entered intobetween KSTB and Tesco Singapore Pte. Ltd. (“Tesco”) will expire on 1 January 2014. 2. REPRESENTAIVE AGREEMENT On 1 January 2012, KSTB and Tesco had entered into the Agreement for the appointment of KSTB as the representative of Tesco in Malaysia, including both East and West Malaysia for the provision of the following services:- Top Drive Drilling Systems Services; At Rig Floor Snubbing Services; Tubing Running and Handling Services; MCLRSTM (Multiple Control Line Running SystemTM) Services; Casing Running/Reaming Services; and CASING DRILLING® Services. Commission shall be payable to KSTB for the performance of its duties under the Agreement. The Agreement will expire on 1 January 2014 or be terminated under the circumstances as stipulated in the Agreement. 3. RATIONALE Following the acquisition of casing drilling business of Tesco by Schlumberger group of companies (“Schlumberger”) in May 2012 (“the Acquisition”), Tesco had purported to assign the casing drilling services to Schlumberger. The effect of this purported assignment would substantially reduce the provision of services by KSTB under the Agreement. KSTB has been engaged in negotiations on the terms of the assignment/novation but till todate has not signed all the agreements proposed with the parties. In view thereof and without prejudice to KSTB’s rights, the decision has been made not to extend the Agreement upon its expiration on 1 January 2014. 4.        FINANCIAL EFFECTS The expiration of the Agreement will not have any material effect on the issued and paid-up share capital and substantial shareholdings of KSTB and is not expected to have any material effect on the net assets per share and earnings per share as well as gearing of KSTB for the financial year ending 30 June 2014. 5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the directors or major shareholders of KSTB or persons connected to them have any interest, direct and indirect, in the above matter. 6. DIRECTORS’ STATEMENT The Board of Directors of KSTB is of the opinion that the above matter is in the best interest of the Company. This announcement is dated 4 December 2013.

icy97

icy97 发表于 1-12-2013 04:12 AM
东洋工程获油气合约

财经新闻 财经  2013-11-30 12:08

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (KSTB) - LETTER OF AWARD FOR PROVISION OF TUBULAR HANDLING EQUIPMENT AND SERVICES FOR EXXONMOBIL EXPLORATION AND PRODUCTION MALAYSIA INC.
We act for and on behalf of KSTB. Further to the announcement made on 29 November 2013, the Board of KSTB wishes to inform that the joint tender exercise for Provision of Tubular Handling Equipment and Services for PSC Operators’ Drilling and Workover Programs ("the Project") awarded by ExxonMobil Exploration and Production Malaysia Inc (“EMEPMI”) shall be effective and valid for a period of five (5) years from 10 December 2013 until 9 December 2018. This announcement is dated 10 December 2013.

icy97

避免陷入PN17‧東洋工程擬收購油氣資產

2013-12-17 10:46      
（吉隆坡16日訊）東洋工程（SAMUDRA，7185，主板貿服組）在脫售資產予德斯迪尼（DESTINI，7212，主板貿服組），並換得後者股權後，可能配售這批股票，強化財務、尋求收購油氣資產，以免陷入PN17公司行列。

東洋工程是在今年8月宣佈，計劃脫售旗下東洋石油服務私人有限公司予德斯迪尼，後者建議發售2億千857萬1千新股（總值8千萬令吉）的新股收購。

該公司執行董事達門德拉在股東大會後表示，石油業務脫售通知書還在最後定案階段，需呈交給大馬股票交易所及證券監督委員會批准，若如期獲批，料可在明年第一季舉辦股東特大及完成交易。

至於交易完成後將持有德斯迪尼多少股份，他表示東洋工程將配售所得股份，未來不會持有任何股權，但是脫售所得將強化公司財務狀況。

“預計有形淨資產將增至每股50仙，讓公司得以發股及通過現金融資收購新資產，不過目前還未找到適合對象，未設定收購預算。”

他補充，會以開放態度收購油氣上游資產，尤其是支援服務業，不只放眼專營權及鑽井業務，而是可以提供上游支援的服務業者。

另外，他也希望脫售所得可讓公司在明年清還大部份債務。目前該公司持有超過4千萬令吉債務。

至於脫售所得部份資金回饋股東的數額，他說會向董事部建議，由董事成員決定。

東洋石油服務為該公司主要盈利貢獻來源，脫售該業務將導致盈利收入剩下不及1%，須在脫售核心資產後的12個月內完成收購可提供盈利的業務，否則將列入PN17公司。（星洲日報／財經）

icy97

KEJURUTERAAN SAMUDRA TIMUR BERHAD

Type	Announcement
Subject	OTHERS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD - REPRESENTATIVE AGREEMENT DATED 1 JANUARY 2012 - NOTICE OF ARBITRATION
Kejuruteraan Samudra Timur Berhad ("the Company") wishes to announce that it has, on 18 December 2013, received a Notice of Arbitration from Tesco Singapore Pte. Ltd (“Tesco”) to refer disputes and differences in relation to its claim against the Company to arbitration pursuant to the provisions of a Representative Agreement between Tesco and the Company dated 1 January 2012 (“Representative Agreement”). Tesco, the claimant, and the Company entered into the Representative Agreement for the appointment of the Company as the representative of Tesco in Malaysia for the provision of the following services:- Top Drive Drilling System Services; At Rig Floor Snubbing Services; Tubing Running and Handling Services; MCLRSTM (Multiple Control Line Running SystemTM) Services; Casing Running/Reaming Services; and CASING DRILLING® Services. Disputes and differences relating to the Representative Agreement have since arisen between Tesco and the Company. Pursuant to Clause 12 of the Representative Agreement, the disputes between the parties shall be referred to and determined by arbitration at the Singapore International Arbitration Centre under its commercial arbitration rules. The Company disputes the claims by Tesco and will be seeking legal advice in relation thereto. The arbitration proceeding is not expected to have a material impact on the earnings and the net assets of the Company for the financial year ending 30 June 2014. The Company will make further announcements if there are any further and material developments of the above matter to Bursa Malaysia Securities Berhad. This announcement is dated 18 December 2013.

APULA

东洋工程转向油气支援服务
财经新闻 财经  2013-12-24 12:13
http://www.nanyang.com/node/588177?tid=462

（吉隆坡23日讯）脱售油气管装卸业务后，东洋工程（SAMUDRA，7185，主板贸服股）已开始将目光投向油气领域支援服务的新投资机会。

东洋工程指出，该公司不会涉及油气管装卸，并欢迎其他提供服务支援上游油气领域的运营商提出投资建议。

该公司执行董事古纳惹南向《The Edge》财经日报透露，该公司愿意与任何提供支援服务予上游油气领域的业者商谈。

他补充，管理层已经展开了一些商讨，但都还没达成协议。

较早前，东洋工程同意以8000万令吉脱售Samudra石油服务私人有限公司予Destini（DESTINI，7212，主板贸服股），而Destini将以每股35仙，发行约2亿2857万新股来达成上述交易，预期在明年首季完成。

古纳惹南说：“毫无疑问，Samudra石油是皇冠上的宝石，但我们必须卖出，以增强公司的财政。”

截至9月30日，东洋工程的总借贷企在990万令吉，或41.4%的净负债率。该公司也面临负储备，累积亏损共3050万令吉。

目前，该公司正在准备召开特大，寻求股东批准脱售Samudra石油和两台钻机，与马银行（MAYBANK，1155，主板金融股）的债务清偿协议，以及重组其独资子公司的现有借贷。

随着脱售Samudra石油和两台钻机，东洋工程将没有重要的业务和营运，将会列入PN17行列。