^V^
Wind started to blow....Volume is there + news started to spread ^V^
Oilfab Completes Offshore Platform Project
KUALA LUMPUR, July 13 (Bernama) -- Oilfab Sdn Bhd expects its construction of topside and jacket structures for the Chermingat-A platform to contribute positively to earnings this year, chief executive officer and managing director Datuk Mohamad Hazali Abu Hassan said Friday.
He noted that the building of the two structures, at Oilfab's Pulau Indah Fabrication Yard, is a crucial springboard for the company as it is Oilfab's first major project related to the fabrication of offshore structures of this magnitude.
"With this milestone, we look forward to the fabrication of heavier and larger structures, especially in delivering on time and within the project specifications," he said in statement here.
The mechanical completion date for the jacket was concluded last June 16 and the topside on June 20.
A subsidiary of Oilcorp Bhd, the company had received the RM40 million project from Newfield Peninsular Malaysia Inc in August last year.
Weighing 1,564 metric tons (mt), the platform is operated by Newfield and co-owned by Petronas Carigali Sdn Bhd.
Mohamad Hazali said Oilfab has completed the loadout activities for both structures. These structures are destined for offshore Terengganu.
He said all operations were managed and performed by Oilfab, including the weighing of the topside and the accompanying sea-fastening and tie-down.
"We are pleased with the results as our bulkhead easily accommodated the weight and size of the structures and it also supports a substantial capacity of up to 2,500 mt," he added.
-- BERNAMA
3 comments:
Dear Mr Sam,
You've done well...You have introduced to the world of fundamental analysis... Guess what. most of your bloggers could not be bothered of your passion..but at the end..to make sure they make money...i'm impressed with your picks...and therefore...like warren buffett...sees value in any purchase..all of them condemn you of metrok...but...look now...it has climbed 2.00....by chance or luck...or let me say by sheer pressure... it has climbed...the beauty of fundamental analysis..I'm a 1000% percent supporter of you....make sure... you keep up a good job...All TA buggers says... by luck and by chance..Hmmm... Malays call them bodoh sombong...Bull market everyone makes money...but how much...All of them koyak...
And hey bros n sistas....Look at Press Metal...Growth stock...PE ratios annualized give you below 6....It's a bargain...All the TA's bugger try to shake investors to sell but if your a FA investors...then you know.....We know...Bro SAM...WELL DONE... Make FA investors..PROUD...
Adios....
Andaman Seas
Guys, another good news on Oilcorp in today NST
D'Tiara's revenue may hit RM200m in 4 years
By Roziana Hamsawi
roziana@nstp.com.my
July 16 2007
OIL and gas support specialist Oilcorp Bhd expects its property subsidiary D'Tiara Corp Sdn Bhd's revenue to increase fivefold to RM200 million in four years.
D'Tiara, which posted a revenue of some RM27 million last year, is confident that from 2011 onwards its revenue would be between RM150 million and RM200 million.
D'Tiara is in discussion for a listing on the Alternative Investment Market (AIM) of the London Stock Exchange to raise funds for the projects.
Post a Comment