June 19, 2014

Company announcements: SKPETRO, WZSATU

SKPETRO - OTHERS SAPURAKENCANA PETROLEUM BERHAD AWARD OF ENGINEERING, PROCUREMENT, CONSTRUCTION, INSTALLATION AND COMMISSIONING (“EPCIC”) CONTRACTS TOTALING CIRCA USD 415 MILLION (CIRCA RM 1.3 BILLION)

Announcement Type: General Announcement
Company NameSAPURAKENCANA PETROLEUM BERHAD  
Stock Name SKPETRO  
Date Announced19 Jun 2014  
CategoryGeneral Announcement
Reference NoSP-140619-6E4AD

TypeAnnouncement
SubjectOTHERS
DescriptionSAPURAKENCANA PETROLEUM BERHAD
AWARD OF ENGINEERING, PROCUREMENT, CONSTRUCTION, INSTALLATION AND COMMISSIONING (“EPCIC”) CONTRACTS TOTALING CIRCA USD 415 MILLION (CIRCA RM 1.3 BILLION)

INTRODUCTION

The Board of Directors of SapuraKencana Petroleum Berhad (“SapuraKencana” or “Company”) (“Board”) is pleased to announce that Kencana HL Sdn Bhd (“Kencana HL”), a wholly-owned subsidiary, has been awarded the following contracts:

(i) An EPCIC contract for 3 remote wellhead platforms in the North Malay Basin by Hess Exploration and Production Malaysia B.V.

This EPCIC contract is for a period of approximately 25 months and the work is expected to commence in the second quarter of 2014 and expected to be completed by the third quarter of 2016.

(ii) An EPCIC contract for 4 wellhead platforms and associated subsea pipelines for JDA Block B-17 and B17-01 Field Phase 3 Development Project by Carigali-PTTEPI Operating Company Sdn Bhd.

This EPCIC contract is for a period of approximately 39 months, with work commencing in June 2014 and expected completion in September 2017.

TOTAL VALUE OF CONTRACTS

In total, the contracts are valued at circa USD415 Million (circa RM 1.3 Billion).

FINANCIAL EFFECTS

The Contract will have no effect on the issued and paid-up capital of the Company and is expected to contribute positively towards the earnings and net assets per share of SKPB Group during the Contract period.

RISK FACTORS

Risk factors affecting the Contract are mainly operational in nature and include execution risks such as availability of skilled manpower and materials, weather conditions, and political, economic and regulatory conditions. Notwithstanding, the Company has established a successful track record in undertaking similar projects.

DIRECTORS AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors and/or major shareholders of the Company and/or persons connected with them has any direct or indirect interest in the Contract. 

DIRECTORS' STATEMENT

The Board is of the opinion that the acceptance of the Contract is in the best interest of the Company.

This announcement is dated 19 June 2014.


 

 


WZSATU - Consolidated results for the financial period ended 30/4/2014

Announcement Type: Financial Results
Company NameWZ SATU BERHAD  
Stock Name WZSATU  
Date Announced19 Jun 2014  
CategoryFinancial Results
Reference NoCS-140619-34612

Financial Year End31/08/2014
QuarterOther
Quarterly report for the financial period ended30/04/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/04/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
Three Mths
Three Mths
Twelve Mths
Twelve Mths
01/02/2014
01/02/2013
01/05/2013
01/05/2012
To
30/04/2014
To
30/04/2013
To
30/04/2014
To
30/04/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
23,851
22,118
89,695
86,932
2Profit/(loss) before tax
589
477
1,045
2,806
3Profit/(loss) for the period
646
318
1,391
2,713
4Profit/(loss) attributable to ordinary equity holders of the parent
646
318
1,391
2,713
5Basic earnings/(loss) per share (Subunit)
0.59
0.32
1.34
2.74
6Proposed/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 ($$)
0.7400
0.7300
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


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