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Chee Wei Liew's comment on VELESTO. All Comments

Chee Wei Liew
3 Like
O&G will be bad in next quarter report
ting pang eng
Velesto 7 fleets all are engaging in drilling activities for 2020 , this year result will be better than last year
Like · 2 months · translate
Mike Wong
Ting hope its true news
1 Like · 2 months · translate
Kelvin Yeo
at saudi project also start
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Chee Wei Liew
Ting... are you in O&G ?
Guess u be reading from news article.... if oil price crash to below UPC... company will cancel contract and defer.... prinary term expire 2020... need to negotiate extension term
1 Like · 2 months · translate
甜民
won't crash below UPC, to save fuel price, our US father will find a place to start war...lolx
1 Like · 2 months · translate
ting pang eng
Chee , I am in the o&g. velesto rigs are deployed here and there thus has strong income in 2020
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ting pang eng
UPC is calculate from opex nothing to do with rig activities which are capex
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ting pang eng
Whatever capex has been budgeted in 2020 will proceed as it is
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Mike Wong
Hope tomorrow will same like today~
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Jerry Ong Tze Ming
Ting, i would like to ask what you mean is they provide service for drilling, so the income is not affected, in fact their income is more as they provide more drilling services this year to other oil and gas company?
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Jerry Ong Tze Ming
But most likely their income will be lower isnt it? As the oil and gas companies might not pay them as their income also affected, what about opex operations in velesto? Wont it affected much?
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ting pang eng
For 2020 all 7 of the velesto drilling rigs are engaged with petroleum operators to carry out the drilling activities under both green and brown fields thus the income for 2020 is secure under already signed daily chartered rate but for renewal contract the DCR might not be attractive if the oil price remain at competitive price
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1 Like · 2 months · translate
ting pang eng
I am positive on Velesto outlook for 2020
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Chee Wei Liew
wait til end April for more news on this....
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Jun Hin
Still holding it until end of April, something good might be coming after OPEX discussion.
1 Like · 2 months · translate