【VELESTO 5243 交流专区】（前名 UMWOG）

Tony-Pua

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

UMW OIL & GAS CORPORATION BERHAD

Particulars of Substantial Securities Holder

Name	LEMBAGA TABUNG HAJI
Address	201, Jalan Tun Razak Peti Surat No. 11025 Kuala Lumpur 50732 Wilayah Persekutuan Malaysia.
Company No.	ACT 535 (Tabung Haji Act,1995)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	LEMBAGA TABUNG HAJI201, Jalan Tun RazakPeti Surat No. 1102550732 Kuala Lumpur

Date interest acquired & no of securities acquired
Date interest acquired	24 Oct 2017
No of securities	378,172,160
Circumstances by reason of which Securities Holder has interest	Due to shares derived from Rights Issue
Nature of interest	Direct and Indirect Interest
Total no of securities after change
Direct (units)	374,933,080
Direct (%)	5.357
Indirect/deemed interest (units)	3,239,080
Indirect/deemed interest (%)	0.046
Date of notice	03 Nov 2017
Date notice received by Listed Issuer	07 Nov 2017

Tony-Pua

合顺油气会起到多少？
http://www.sinchew.com.my/node/1700481

陈小姐问：

合顺油气（UMWOG，5243，主板贸服组）的最新业绩和前景如何？现在能够进场吗？这个股大概会起到什么价位？

答：合顺油气在截至2017年6月30日为止第二季，净亏损稍为缩减至5098万6000令吉（每股净亏7.17仙），前期的净亏损为6724万7000令吉（每股净亏为3.11仙）。次季的营业额微增至1亿3990万8000令吉，前期为1亿3001万令吉。

首6个月净亏损则恶化至1亿5545万8000令吉（每股净亏7.17仙），前期净亏为1亿3360万令吉（每股净亏为6.12仙）。首6个月的营业额为2亿1418万6000令吉，前期为2亿1768万9000令吉。

谈到业务前景，该公司表示，钻油服务领域旗下的合顺NAGA 4及合顺NAGA 3，分别于今年7月杪及8月初为国油勘探有限公司开始投入营运。2017年8月9日，旗下另一座及目前唯一闲置的钻油台装置──NAGA 5向Repsol油气大马有限公司取得一项合约，初步合约期为1年，并拥有延长1年选择权。

若无出现任何不可预见情况，预料截至今年9月，公司全部7座提升钻油台装置将全面投入营运。不过，由于一些钻油台装置的租赁期属短期性质，可能出现未租出闲置的潜在风险。

出租收费率持续疲软

该公司表示，虽然资产使用率料在2017年下半年改善，不过出租收费率将持续疲软，与目前市场出租收费率一致。

另一方面，旗下的油田服务业务领域，油管螺纹引线、检查及维修服务需求，料在今年余下时期里不会显著复苏，因油气公司持续使用现有存货，以及维修工作量料持续偏低。

整体而言，预料2017财政年财务表现将持续具挑战，因装置出租收费率持续走低所致。

现在能不能够进场，会起到什么价位，大马投行于9月11日的一份报告中，将合顺油气维持“持有”评级，未来12个月的合理价维持在30仙，或等于其冲稀后账面值每股50仙的40%折价水平。

该行认为，作为比较，给予40%折价是合理的，因为其同侪海事重工（MHB，5186，主板贸服组）拥有每股41仙净现金，也是预期今年会蒙亏，目前是在账面值折半的情况下交易。

合顺油气甫完成附加股送凭单筹资计划，即5配14比例发售附加股（每股售价为30仙），及4附加股送1凭单，从中筹得18亿令吉资金。

目前，合顺油气的7座钻油台装置中，6座获得运作，除了NAGA5短期出租到期，惟向Repsol油气大马有限公司取得一项合约，初步合约期为1年（今年9月中起），并拥有延长1年选择权，代价为1亿1300万令吉或是每天为7万2000美元，预料仅可达到无盈亏水平。

该行预料在2017财政年第三季之后，该公司共有5座钻油台装置持续运作，料公司持续蒙受亏损。加上整体钻油台领域市场前景暗淡，该行给予的目标价是合理的。


文章来源：
星洲日报‧投资致富‧投资问诊‧文：李文龙‧2017.11.12

Tony-Pua

合顺油气第三季转盈
2017年11月26日
http://www.enanyang.my/news/20171126/合顺油气第三季转盈/

（吉隆坡25日讯）合顺油气（UMWOG，5243，主板贸服股）截至9月30日第三季成功按年转亏为盈，录得336万6000令吉净利，或每股0.16仙。

合顺油气向马交所报备，上财年同季，公司蒙受1亿3543万2000令吉净亏。

同时，第三季营业额亦从4965万3000令吉，按年狂升2.63倍至1亿万8051万令吉。合顺油气指出，油价趋稳，带动油气业的相关活动量也提升，因此促使营业额飙涨。

合计首九个月业绩，合顺油气净亏1亿5173万7000令吉，亏幅小于上财年同期的2亿6775万5000令吉；营业额则按年增47.64%，达3亿9469万6000令吉。

今年末季，合顺油气预计较高的资产使用率，以及各种减低成本的措施将，将成功贡献净利。

5243    UMWOG    UMW OIL & GAS CORPORATION BHD

Quarterly rpt on consolidated results for the financial period ended 30/09/2017

Quarter: 3rd Quarter Financial Year End: 31/12/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2017 30/09/2016 30/09/2017 30/09/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 180,510 49,653 394,696 267,342 2 Profit/Loss Before Tax 3,047 (133,039) (153,243) (265,458) 3 Profit/(loss) attributable to ordinary equity holders of the parent 3,366 (135,432) (151,737) (267,755) 4 Net Profit/Loss For The Period 2,946 (135,583) (153,512) (269,183) 5 Basic Earnings/Loss Per Shares (sen) 0.16 (6.26) (7.02) (12.38) 6 Dividend Per Share (sen) 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 (RM) 0.9195 1.0444

Tony-Pua

第三季转盈．合顺油气喜忧参半
http://www.sinchew.com.my/node/1705280/

（吉隆坡27日讯）合顺油气（UMWOG，5243，主板贸服组）2017财政年第三季财报成功转亏为盈，让分析员纷纷下调全年亏损目标，但对盈利前景仍喜忧参半。

大马投行指出，合顺油气2017财政年第三季营业额按季起29%至1亿8100万令吉，归功于旗下钻井设备使用率几近饱和，也是集团转亏为盈的关键。

同时，合顺油气2017财政年9个月亏损1亿5200万令吉，占2017财政年亏损的53%，表现优于预期。

但大马投行说，以Naga 5为期1年的租约来看，每日7万2000美元的租金仅游走在收支平衡的区域，加上旗下资产大部份合约陆续到期，除非集团成功取得新租约，否则未来亏损恐将延续。

丰隆研究则相对乐观，认为凭藉现最低60%设备使用率，合顺油气2018年表现有望更为强稳。

“为反映更高的钻井使用率，我们下调合顺油气2017财政年净亏损从2亿4700万令吉至1亿5800万令吉。”

随着财测上调，丰隆研究也调高合顺油气评级和目标价，主要是债务和附加股计划完成将成为股价催化因素，同时集团明年盈利前景也趋向乐观。

合顺油气转亏为盈，成功提振投资者信心，带动周一股价高开高走，全日起1.5仙至31.5仙。



文章来源：
星洲日报‧财经‧报道：洪建文‧2017.11.27




获钻油台合约展望不一．合顺油气明年盈利看俏
http://www.sinchew.com.my/node/1707815

（吉隆坡5日讯）原油价格持续攀高，分析员对于合顺油气（UMWOG，5243，主板贸服组）攫取钻油台替补合约看法不一，正面看待者认为将有机会拉抬钻油台使用率，负面者则忧虑无法提高钻油台出租费，将使其持续面对亏损。

可拉抬钻油台使用率

合顺油气接获砂拉越康菲公司颁发合约，负责提供1个升降式钻油台服务，相关合约涵盖2个钻井，另可追加2个钻井选择权；该公司预计将调配UMW Naga 4负责此项目。

丰隆研究指出，合约总值680万美元（约2767万令吉），假设以1个钻井需时50天，平均每日出租费为6万8000美元（约27万6700令吉），符合目前的市价。

丰隆指出，新合约将能提高合顺油气2018年的钻油台使用率，目前，Naga 4的合约将在明年初届满。

据国油2018至2020前景报告指出，国油集团及石油承包商需要7至10台升降式钻油台。

“这对于合顺油气而言将是一项正面消息，作为国内唯二的业者，该公司处于有利位置，料能够从中攫取更多的替补合约。”

目前，合顺油气手握3亿6300万令吉合约。

丰隆指出，合顺油气面对的风险包括全球经济衰退打击油气价格、更高的资产成本和国油降低资本支出和营运支出。

丰隆看好合顺油气2018年的盈利前景，并认为完成附加股及消除债务届满的风险，将是股价走扬催化剂。

大马投行却认为，合顺油气的Naga 2及Naga 6的租赁合约将在本月届满，而Naga 3则在明年6月届满，至于Naga 8的租用合约，如果Hess没有意愿延长1年，则将在明年3月届满。

“尽管2017财政年第三季，合顺油气的钻油台使用率达90%，但是，该公司依然面对400万令吉的核心亏损。”

该行表示，如果在2018财政年首季，合顺油气出租3个钻油台或使用率仅达60%，预计该公司将再度面对亏损。

大马投行指出，尽管合顺油气预计在2018年，将有12个出租钻油台可兑现，比今年5个多，但是，却是短期租用，以填补2018年即将届满的合约。

大马投行表示，在布兰特原油价格每桶高于60美元（约244令吉）的情况下，合顺油气7万美元（约28万5000令吉）的平均出租率已经见底。

该行补充，以上述出租率计算，就算合顺油气全数出租所有钻油台，也仅能达到收支平衡，而该公司尚必须提高成本效益，以加强供应商和金融机构的信贷状况。

短期料无重估催化剂

“因此，我们不预见短期内将会出现重估催化剂。”

大马投行表示，预计合顺油气将在2017财政年末季面对一次性的资本重组和钻油台减值成本影响，估计稀释后的账面值相等于股价折价40%。

合顺油气接获新合约无法带动买气之余，股价不涨反跌，挫1仙至31仙。



文章来源：
星洲日报‧财经‧报道：刘玉萍‧2017.12.05

icy97

合顺油气获2785万合约

2017年12月6日
（吉隆坡5日讯）合顺油气（UMWOG，5243，主板贸服股）独资子公司合顺岸外钻探私人有限公司，获得680万美元（2784万6000令吉）合约，为康菲石油砂拉越有限公司提供自升式钻井平台服务。

该公司向交易所报备，将动用合顺NAGA 4钻探两口油井，并可选择钻探额外两口油井。

提高钻台使用率

合顺油气预计，钻探每口油井耗时约50日，第一口油井将在明年次季投产。

该合约料贡献2018财年盈利与净资产。

对此，丰隆投行研究分析员认为，该合约将提高合顺油气明年的钻井平台使用率。

根据合约金额和期限计算，每日租金（DCR）约6万8000美元（27万8460令吉），与市价一致。

此外，根据国家石油《2018至2020年活动展望》报告，国油与其他承包商需要7至10座钻井平台。

由于国内只有两家钻井平台服务公司，包括合顺油气，分析员看好该公司可取得足够的合约，填补订单。【e南洋】

Type	Announcement
Subject	OTHERS
Description	CONTRACT FOR THE PROVISION OF JACK UP DRILLING RIG "UMW NAGA 4" FOR CONOCOPHILLIPS SARAWAK LIMITED ("CONTRACT" OR "AWARD OF CONTRACT")
1.         INTRODUCTION The Board of Directors of UMW Oil & Gas Corporation Berhad ("UMW-OG") is pleased to announce that UMW Offshore Drilling Sdn. Bhd. (“UOD”), a wholly-owned subsidiary of UMW Malaysian Ventures Sdn. Bhd. (“UMV”), which in turn is a wholly-owned subsidiary of UMW-OG has been awarded a contract for the provision of a jack-up drilling rig for ConocoPhillips Sarawak Limited (“COPSK”). All relevant approvals with regards the Award of Contract have been secured. 2.         DETAILS OF CONTRACT The Contract is for the provision of a jack-up drilling rig to undertake drilling services for COPSK. UMW-OG Group will assign its UMW NAGA 4 for this Contract. UMW NAGA 4 is a premium independent-leg cantilever jack-up drilling rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet. The Contract is to drill two (2) firm wells with the option of two (2) additional wells.  It is anticipated that drilling activities for one (1) well will span about 50 days with the activities on the first well commencing in the second quarter of 2018, off the coast of Sarawak. The Contract value for the firm wells amounts to approximately US$6.8 million. 3.         INFORMATION ON PARTIES 3.1       Information on UMW Offshore Drilling Sdn. Bhd. UOD was incorporated in Malaysia under the Companies Act, 1965 on 29 July 2003 and is principally involved in the offshore drilling business and operations and other engineering services for oil and gas exploration, development and production in Malaysia and overseas. 3.2       Information on COPSK COPSK has its office at Level 58, Tower 2, PETRONAS Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur. 4.         FINANCIAL EFFECTS The Contract will not have any effect to the earnings and net assets of UMW-OG Group for the financial period ending 31 December 2017 but is expected to contribute positively to the earnings and net assets of UMW-OG Group for the financial year ending 31 December 2018. 5.         RISK ASSOCIATED WITH THE CONTRACTS The risks associated with the execution of the Contract comprises operational and execution risks, which will be mitigated and/or managed by UOD, a company with a proven and successful track record of undertaking drilling programmes. 6.   DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST None of the Directors and/or the substantial shareholders of UMW-OG and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect in the above Contract. 7.         STATEMENT BY DIRECTORS The Board of Directors of UMW-OG is of the opinion that the Award of the Contract for the abovementioned drilling services is in the best interest of UMW-OG Group . This announcement is dated 4 December 2017.

哭哭鸟

A LETTER TO KYY: I AM SURE YOU WILL LOVE THIS STOCK
Author: themagicianmerlin   |    Publish date: Wed, 27 Dec 2017, 12:02 AM
https://klse.i3investor.com/blogs/themagicofmerlin/142460.jsp

Dear Mr Koon Yew Yin,

I am writing here to give you a suggestion to look at UMWOG, which it can become like Hengyuan. This stock is even more attractive than other public listed O&G companies in Malaysia, except for Hibiscus and Serba Dinamik.
I also believe this stock can be valued higher than conservative analysts' valuation. Analysts' valuation always laggard. They always wait for the next result to confirm to increase their target price and upgrade their call.
Like UMWOG recent results, few brokers upgraded the stock after the results turned to positive rather than they upgraded the call before the results. They should know better as they know how to forecast, unless their forecast were missed expectations as they were too conservative, traumitizing from the sinking of oil prices in years before.
My suggestion is based on your method which you have been practicing so successfully in buying Latitude, Lii Hen, VS Industry before and the latest one is Hengyuan.
Below is what I have read from your previous article of this, https://klse.i3investor.com/blogs/koonyewyinblog/142353.jsp.



We check UMWOG's latest financial report, its revenue jumped 29% and its bottomline returned to black of core net profit of RM5.8 million from huge net loss in the last two quarters and corresponding quarter last year. This was the first quarterly profit posted by the company in the recent 2 years.



This thanked to higher and stability in oil prices in 3Q17 period that led to stronger demand for drilling services as a result of higher levels of oil and gas activities for the quarter due to greater certainty. YTD rig utilisation rates have improved from 26% in 1Q17 to 90% in the latest quarter.



# Note that their principal activities are the provision of offshore drilling services to the upstream oil and gas sector. They own and operate a fleet of offshore drilling rigs that are designed to meet the recent demands of the industry.



# For Oilfield services, the Company offer state-of-the-art-threading, inspection and repair services to support the petroleum and petrochemicals industry.

In the next 15 months of earnings prospect

As the benchmark Brent oil price stabilising above USD60 per barrel for 4Q17 (relatively higher than average between USD47 and USD56 in 3Q17, and also stronger than 4Q16 of average between USD46 and USD56), this will give more confidence in the upstream sector, resulting in more activities especially in drilling for this quarter and in the coming months.

Crude oil prices this time are expected to stable due to OPEC's promise for the production cut for the whole 2018 and drawdown in U.S. crude oil inventory.

Therefore, we could expect relatively higher both revenue and net profit in 4Q17 for sure.





All seven jack-up drilling rigs of the Group are currently under contracts serving multiple oil and gas operators. The Group is continuously bidding for new contracts to replace expiring ones and also negotiating for extension of existing contracts.

At least 12 jack-up rig contracts will be needed in the Malaysian rig market. This is positive for UMWOG being one of the only two local players in the industry.

According to Petronas Activity Outlook 2018-2020 report, about 7-10 jack-up rigs are required by Petronas Group of Companies and other Petroleum Arrangement Contractors.

This is positive for UMWOG as being one of the only two local players in the industry, the company stands a fairly good chance to secure sufficient amount of contracts to replenish its order book.

At this juncture, the Company is participating in 25 rig contract bids (of which 15 is in Malaysia) worth a total of USD802m, indicating potential winning of more rig contracts by the Company.

Recently, UMWOG has received a Letter of Award from ConocoPhillips Sarawak Limited for a contract for the provision of Jack-Up Drilling Rig Services for COPSK. The Contract is to drill two firm wells with the option of an additional two wells commencing in second quarter of 2018.

Based on the contract value of USD6.8 million for the 2 firm wells and assumption of 50 days duration per well, the implied daily charter rate is about USD68,000/day which is consistent with the current market rate.

Favourable prices and cost cutting will continue to result better margin for the bottomline

In 3Q17, EBITDA margin came in at 55%, which is higher than the margins during the good old days of 40%. With oil prices remains favourable, the ramp-up in drilling activities will result the Company to price in their services at good margin.

Management also guided continuation of cost rationalisation exercise and is targeting to cut another RM30 million costs in FY18.

Balance sheet gaining traction

The Company is presently on a stronger financial footing with the completion of the recapitalisation and refinancing exercises in October and November 2017, respectively.

Total borrowings of the Group has reduced significantly and the loan repayment profile is now more in line with the remaining useful life of the Group assets, resulting in an improved cash flows for the Group.

Backed by strong shareholders

Below are largest shareholders in UMWOG as of 2016 annual report.


But latest filing from channel check, every major shareholders in the list have increased their stake in the Company this year. Surprisingly, BlackRock has emerged in this stock and putting more money just about in this month.

BlackRock is the world's biggest asset manager, overseeing about USD6 trillion in client money as of the end of November 2017, and its investment decisions create ripples that roll through every major global market.

BlackRock is ranked 29 of the world's most admired companies.

Conclusion
I have done my own compilation and analysis, and my note here is for your reference. My opinion is neither recommending BUY, HOLD nor SELL.

icy97

Date of change	31 Dec 2017
Name	MADAM WAI THUY FONG
Age	57
Gender	Female
Nationality	Malaysia
Type of change	Retirement
Designation	Chief Financial Officer

icy97

拉菲扎受委合顺油气财务总监

2018年1月9日
（吉隆坡8日讯）合顺油气（UMWOG，5243，主板贸服股）宣布委任拉菲扎为财务总监。

根据文告，今年45岁的拉菲扎在被委任为该公司的财务总监之前，曾是森那美（SIME，4197，主板贸易服股）策略与创新部门的创新和业务表现管理主管。

她也曾在马来西亚国家按揭机构（Cagamas）任财务总监，也曾是汤森路透亚洲回教金融主管和国家银行的财务董事。

拉菲扎是澳洲特许会计师、也是澳新金融服务业协会会员。【e南洋】

Date of change	08 Jan 2018
Name	MISS RAFIZA BINTI GHAZALI
Age	45
Gender	Female
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer
Qualifications	Qualifications:She is a fellowship member of the Institute of Chartered Accountant of Australia and Financial Services Institute of Australia.Education:1991-1994 Bachelor of Science in Economics, The London School of Economics and Political Science
Working experience and occupation	Working experience and occupation:Prior to her appointment as Chief Financial Officer of UMW Oil & Gas Corporation Berhad, Ms Rafiza Ghazali was the Head Innovation and Business Performance Management, Strategy & Innovation of Sime Darby Berhad. She started her career with Arthur Andersen in Australia before joining Pengurusan Danaharta Nasional Berhad as Executive in the Corporate Strategy Unit.  Her other roles of responsibilities include Chief Financial Officer of Cagamas Berhad, Head of Asia Islamic Finance of Thomson Reuters and Finance Director of Bank Negara Malaysia.

icy97

合顺油气获国油勘探合约

2018年1月17日
（吉隆坡16日讯）合顺油气（UMWOG，5243，主板贸服股）获得国油勘探私人有限公司颁发合约，以提供液压推动修理设施（HWU）服务。

合顺油气向交易所报备，这项合约是颁发给独资子公司UMW Workover私人有限公司。

合约内容是负责为国油勘探，提供修井服务的液压推动修理设施共5台，分别是UMW Gait 1、UMW Gait 2、UMW Gait 3、UMW Gait 5和UMW Gait 6，可使用全部或任何一个，对油井或气井进行维修或补救处理服务。

合约为期3年，可再延长一年，去年12月22日开跑。

合顺油气称，在合约进行期间，料会贡献净利和净资产。【e南洋】

Type	Announcement
Subject	OTHERS
Description	UMBRELLA CONTRACT FOR THE PROVISION OF 340K AND 460K HYDRAULIC WORKOVER UNIT FOR PETRONAS CARIGALI SDN BHD ("CONTRACT") OR ("AWARD OF CONTRACT")
1.         INTRODUCTION The Board of Directors of UMW Oil & Gas Corporation Berhad ("UMW-OG") is pleased to announce that UMW Workover Sdn. Bhd. (“UWO”), a wholly-owned subsidiary of UMW Malaysian Ventures Sdn. Bhd. (“UMV”), which in turn is a wholly-owned subsidiary of UMW-OG has been awarded a contract for the provision of hydraulic workover units (“HWU”) for PETRONAS Carigali Sdn Bhd. (“PETRONAS Carigali”). All relevant approvals with regards the Award of Contract have been secured today. 2.         DETAILS OF CONTRACT 2.1       The Contract is for the provision of HWU to undertake workover services for PETRONAS Carigali under an umbrella contract.  It calls for the use of all or any of UWO’s five (5)  HWU, namely UMW Gait 1, UMW Gait 2, UMW Gait 3, UMW Gait 5 and UMW Gait 6 to undertake workover services, which are services rendered in performing maintenance and/or remedial treatments on an oil or gas well. 2.2       The Contract is of an umbrella framework which provides an over-arching contractual relationship which may comprise a series of individual orders and call-outs. 2.3       Commencing from 22 December 2017, the Contract has a term of three (3) years with an option to extend for a further 1 year (“Extension”).   2.4       Orders for services under the Contract are individually made through call-outs and at stipulated prices. At present there has not been any call-out or work orders for services. 3.         INFORMATION ON PARTIES 3.1       Information on UMW Workover Sdn. Bhd. UWO was incorporated in Malaysia under the Companies Act, 1965 on 13 March 2014 and is principally involved in the business of providing workover operations for the oil and gas industry. 3.2       Information on PETRONAS Carigali PETRONAS Carigali is a wholly-owned subsidiary of Malaysian state-owned oil and gas company, PETRONAS and has its office at Level 26, Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, 50088, Kuala Lumpur, Malaysia. The principle activities of PETRONAS Carigali includes the exploration, development and production of oil and gas. 4.         FINANCIAL EFFECTS The Contract will not have any effect to the earnings and net assets of UMW-OG Group for the financial period ending 31 December 2017 but is expected to contribute positively to the earnings and net assets of UMW-OG Group in the financial periods in the duration of the Contract and also for the Extension, if the option to extend is exercised. 5.         RISK ASSOCIATED WITH THE CONTRACT The risks associated with the execution of the Contract comprises operational and execution risks, which will be mitigated and/or managed by UWO, a company with a proven successful track record of undertaking workover services. 6.         DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST None of the Directors and/or the substantial shareholders of UMW-OG and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect in the above Contract. 7.         STATEMENT BY DIRECTORS The Board of Directors of UMW-OG is of the opinion that the Award of the Contract for the abovementioned workover services is in the best interest of UMW-OG Group. This announcement is dated 16 January 2018.

icy97

合顺油气
新合约净利贡献微

2018年1月18日

分析:丰隆投行研究
目标价：40仙

最新进展

合顺油气（UMWOG，5243，主板贸服股）获得国油勘探私人有限公司颁发合约，以提供液压推动修理设施（HWU）服务。

该公司为国油勘探提供5台修井服务的液压推动修理设施，分别是UMW Gait 1、UMW Gait 2、UMW Gait 3、UMW Gait 5和UMW Gait 6，可使用全部或任何一个，对油井或气井进行维修或补救处理服务。

合约为期3年，可再延长一年，已在去年12月22日开始。

行家建议

虽然正面看待合顺油气获颁合约一事，但我们认为对于净利提振帮助不大，因只有在国油发出开工通知后公司才能将营业额计入账内。

另外，上述合约的税前盈利赚幅预计不会比6%高出多少，因油价依然充满不确定，国油在项目报价方面仍趋向保守。

不过，国油释出合约也意味着油气活动开始变多，显示上游领域的景气将有所改善。

完成发附加股后，债务到期风险的卖压潮将不复存在，这将为股价带来更多激励。同时，今年的净利展望较为正面。

维持“守住”的投资评级，以及40仙目标价不变。



【e南洋】



获国油维保合约贡献不大．合顺油气难转亏为盈

（吉隆坡22日讯）合顺油气（UMWOG，5243，主板贸服组）获国油探勘颁5液压修井机的维修、保养合约，分析员预期正面盈利贡献不显著，难助转亏为盈。

丰隆研究预期有关工程营运赚幅约6%，主要是国油会基于原油价波动，而在标价方面仍保守。

大马投行指出，液压修井机组（HWU）仅占其油气资产极小部份，HWU自去年荒置，只对集团前景稍显正面。

“即便2017年第三季油井使用率达90%，合顺油气仍蒙核心亏损500万令吉；截至今年首季将有3油井荒置，或只达60%使用率而恢复亏损。

今年出租12油井

大马投行说，合顺油气今年有12油井出租（相比去年5座），预期只是今年到期的短期合约。

“即便钻油井全面使用亦只能盈亏持平，公司也透过筛选信贷与财政更健全的融资者以获更佳成本效益，近期未有重估催化剂。”

大马投行预料合顺油气第四季蒙一次过资本重组和油井注销成本，而升降式钻油台费率刚在盈亏持平边缘，认为对稀释账面值提供19%折价已是超低。该行调低评级至“售出”。

丰隆指出，国油探勘周二的宣布意味油井维保合约回温，这可能是上游活动改善使然，2018年盈利前景更可期。上述合约期由2017年12月22日算起达3年。

丰隆认为，若完成发股和减债可催化股价走高；“持有”评级不变，目标价40仙。



文章来源：
星洲日报‧财经‧报道：张启华‧2018.01.22

icy97

UMW OIL & GAS CORPORATION BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Conversion of Preference Shares
Details of corporate proposal	Conversion of Islamic Redeemable Convertible Preference Shares (RCPS-I) into Ordinary Shares of the Company (Conversion of shares)
No. of shares issued under this corporate proposal	216,577,089
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	7,215,304,777
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 2,596,991,433.100
Listing Date	24 Jan 2018

icy97

UMW OIL & GAS CORPORATION BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Conversion of Preference Shares
Details of corporate proposal	Conversion of Islamic Redeemable Convertible Preference Shares (RCPS-I) into Ordinary Shares of the Company (Conversion of shares)
No. of shares issued under this corporate proposal	1,000,295,223
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	8,215,600,000
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 2,897,080,000.000
Listing Date	29 Jan 2018

icy97

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

UMW OIL & GAS CORPORATION BERHAD

Particulars of Substantial Securities Holder

Name	PERMODALAN NASIONAL BERHAD
Address	Tingkat 4, Balai PNB No. 201-A, Jalan Tun Razak Kuala Lumpur 50400 Wilayah Persekutuan Malaysia.
Company No.	038218X
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	PERMODALAN NASIONAL BERHADTingkat 4, Balai PNBNo. 201-A, Jalan Tun Razak50400 Kuala Lumpur

Date interest acquired & no of securities acquired
Date interest acquired	25 Jan 2018
No of securities	1,000,295,223
Circumstances by reason of which Securities Holder has interest	Due to the conversion of preference shares into ordinary shares
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	1,220,163,559
Direct (%)	14.852
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	25 Jan 2018
Date notice received by Listed Issuer	29 Jan 2018

Tony-Pua

买进rm0.325，明早要漲噢。。。

孤鸟

Tony-Pua 发表于 1-2-2018 08:36 PM
买进rm0.325，明早要漲噢。。。

最近在炒。。。。。是不是仙股，指日可待～～

icy97

Type	Announcement
Subject	OTHERS
Description	UMW OIL & GAS CORPORATION BERHAD ("UMW-OG") - CHANGE IN CORPORATE STRUCTURE OF UMW-OG
1.            INTRODUCTION UMW Oil & Gas Corporation Berhad (“UMW-OG”) wishes to announce that it has today disposed its entire shareholdings of 318,750 ordinary shares in UMW Oilpipe Services (Turkmenistan) Ltd (“UOS-TK”) representing 51% of the issued share capital of UOS-TK (“UOS-TK Shares) . 2.            TERMS OF DISPOSAL The UOS-TK Shares is owned by UMW Malaysian Ventures Sdn Bhd, a wholly-owned subsidiary of UMW-OG and the disposal today was made to Mr. Ng Shin Yueh for a cash consideration of US$252,450 (“Disposal”). Following the  the Disposal, UOS-TK ceases to be a subsidiary of UMW-OG. 3.            INFORMATION OF UOS-TK UOS-TK is a private limited company incorporated in Labuan, Malaysia on 4th August 2006 and is involved in tubular integrated services consisting of thread repairing, accessory manufacturing and pipe inspection and maintenance. 4.            FINANCIAL EFFECTS The Disposal does not have any material impact on the net assets per share, earnings per share and gearing of the UMW-OG Group for the financial year ending 31 December 2018. The Disposal does not have any effect on the share capital and the substantial shareholders’ shareholding of UMW-OG. 5.            DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST None of the Directors and/or substantial shareholders of UMW-OG and/or persons connected with them have any interest, direct or indirect, in the Disposal. 6.            STATEMENT BY DIRECTORS The Board of Directors of UMW-OG is of the opinion that the Disposal is in the best interest of UMW-OG Group. This announcement is dated 8 February 2018.

Tony-Pua

合顺油气末季亏损恶化
http://www.sinchew.com.my/node/1731654/

（吉隆坡27日讯）由于资产减记亏损进一步扩大，使合顺油气（UMWOG,5243,主板贸服组）截至2017年12月31日的第四季亏损进一步恶化，净亏损达9亿8043万7000令吉，较前期净亏损为9亿零962万4000令吉。

该公司全年净亏损略为减少至11亿3217万4000令吉，比较前期净亏损为11亿7737万9000令吉。

该公司第四季的营业额为1亿9175万5000令吉，前期为5371万1000令吉，增加2.57倍。

全年营业额则是5亿8645万1000令吉，较前期的3亿2105万3000令吉，增加82.66%。

该公司文告指出，公司第四季营业额大幅度增加2.57倍，主要是旗下钻油台使用率有增无减，特别是油气业活动较高及原油价格逐渐回扬的支撑。

合顺油气第四季净亏恶化7.0%，主要是额外资产减记亏损9亿8210万令吉所致，前期的资产减记亏损是7亿8030万令吉。

若不包括资产减记及非经常开销1630万令吉，该公司的核心税前盈利达1850万令吉，较前期则是亏损1亿3550万令吉。

文章来源：
星洲日报／财经‧2018.02.28

5243    UMWOG    UMW OIL & GAS CORPORATION BHD

Quarterly rpt on consolidated results for the financial period ended 31/12/2017

Quarter: 4th Quarter Financial Year End: 31/12/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2017 31/12/2016 31/12/2017 31/12/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 191,755 53,711 586,451 321,053 2 Profit/Loss Before Tax (979,904) (915,806) (1,133,147) (1,181,264) 3 Profit/(loss) attributable to ordinary equity holders of the parent (980,437) (909,624) (1,132,174) (1,177,379) 4 Net Profit/Loss For The Period (980,895) (914,264) (1,134,407) (1,183,447) 5 Basic Earnings/Loss Per Shares (sen) (32.01) (42.07) (36.96) (54.46) 6 Dividend Per Share (sen) 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 (RM) 0.3859 1.0444

cyberjaye

Tony-Pua 发表于 27-2-2018 09:29 PM
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[/table]

有票的扑街了

Tony-Pua

cyberjaye 发表于 27-2-2018 09:38 PM
有票的扑街了

亏9亿 ，它祖仙拿來亏！！！

icy97

合顺油气获国油勘探合约

2018年3月13日
（吉隆坡12日讯）合顺油气（UMWOG，5243，主板贸服股）获得国油勘探私人有限公司（Petronas Carigali）颁发合约，以提供修井服务。

合顺油气今日向交易所报备，这项合约由独资子公司UMW Workover（UWO）私人有限公司获得。

根据合约，UWO将使用旗下的460K液压推动修理设施（HWU）——UMW Gait 6，为国油勘探进行油井或气井的维修或补救处理服务。

合约为期3年，可再延长一年，已于2月6日开始。

合顺油气指出，合约期间料会贡献集团净利和净资产。 【e南洋】

Type	Announcement
Subject	OTHERS
Description	UMBRELLA CONTRACT FOR THE PROVISION OF 460K DRILLING HYDRAULIC WORKOVER UNIT (HWU) FOR PETRONAS CARIGALI SDN BHD ("CONTRACT") OR ("AWARD OF CONTRACT") (CONTRACT NO: CHO/2017/WELLS/1022 (B))
1.         INTRODUCTION UMW Oil & Gas Corporation Berhad ("UMW-OG") is pleased to announce that UMW Workover Sdn. Bhd. (“UWO”), a wholly-owned subsidiary of UMW Malaysian Ventures Sdn. Bhd. (“UMV”), which in turn is a wholly-owned subsidiary of UMW-OG has been awarded a contract for the Provision of 460K Drilling Hydraulic Workover Unit (“HWU”) (“Contract”) for PETRONAS Carigali Sdn Bhd. (“PETRONAS Carigali”). All relevant approvals with regards the Award of Contract have been secured today. 2.         DETAILS OF CONTRACT 2.1       The Contract is for the provision of a HWU to undertake workover services for PETRONAS Carigali under an umbrella contract.  UMW-OG will assign its HWU, UMW Gait 6 to undertake workover services, in particular drilling with pull capacity at a maximum of 460,000 lbs. Workover services are services rendered in performing maintenance and/or remedial treatments on an oil or gas well. 2.2       The Contract is of an umbrella framework which provides an over-arching contractual relationship which may comprise a series of individual orders and call-outs. 2.3         Commencing from 6 February 2018, the Contract has a term of 3 years with an option to extend for a further 1 year (“Extension”).   2.4        Orders for services under the Contract are individually made through call-outs and at stipulated prices. At present there has not been any call-out or work orders for services. 2.5         The Contract is conditional upon UWO obtaining and maintaining a valid licence with PETRONAS. 3.         INFORMATION ON PARTIES 3.1       INFORMATION ON UMW WORKOVERS SDN BHD UWO is a Malaysian incorporated private limited company and is principally involved in the business of providing workover operations for the oil and gas industry. 3.2       INFORMATION ON PETRONAS CARIGALI PETRONAS Carigali is a wholly-owned subsidiary of Malaysian state-owned oil and gas company, PETRONAS. The principle activities of PETRONAS Carigali includes the exploration, development and production of oil and gas. 4.         FINANCIAL EFFECTS On assumption that services under the Contract are requested by PETRONAS Carigali, the Contract is expected to contribute positively to the earnings and net assets of UMW-OG Group for the financial period ending 31 December 2018 and the financial periods in the duration of the Contract as well as for the Extension, if the option to extend is exercised. 5.         RISK ASSOCIATED WITH THE CONTRACT The risks associated with the execution of the Contract comprises operational and execution risks, which will be mitigated and/or managed by UWO, a company with a proven successful track record of undertaking workover services. 6.         DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST None of the Directors and/or the substantial shareholders of UMW-OG and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect in the above Contract. 7.         STATEMENT BY DIRECTORS The Board of Directors of UMW-OG is of the opinion that the Award of the Contract for the abovementioned workover services is in the best interest of UMW-OG Group. This announcement is dated 12 March 2018.