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Perisai Petroleum Teknologi Bhd (PPTB.KL)

PPTB.KL on Kuala Lumpur Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EMAS Offshore enters into settlement agreement with Perisai Petroleum
Friday, 23 Dec 2016 04:36am EST 

EMAS Offshore : Company and Perisai Petroleum entered into a settlement agreement to achieve a full and final settlement of disputes . Total consideration for put option shares shall be us$43,031,406.55 and accrued deferred payment interest . At completion date PPTB shall sell, and EOCL shall purchase, put option shares .Against delivery of put option shares EOCL shall pay part of consideration amounting to an amount of $20,000,000 in cash.  Full Article

Perisai Petroleum Teknologi responds to Bursa Malaysia query on solvency
Wednesday, 12 Oct 2016 07:04am EDT 

Perisai Petroleum Teknologi Bhd : co will not be able to meet payment of principal and interest of notes when same is demanded. As such, co is insolvent .announcement refers to query from Bursa Malaysia Securities Berhad dated 11 October 2016.  Full Article

Perisai Petroleum Teknologi qtrly net loss 2.7 mln rgt vs profit of 1.6 mln rgt
Wednesday, 24 Aug 2016 05:25am EDT 

Perisai Petroleum Teknologi Bhd : Qtrly net loss 2.7 million rgt versus profit of 1.6 million rgt; qtrly revenue 53.1 million rgt versus 53.7 million rgt . "company has commenced discussions and engaged with the holders of the medium term notes" . "view of achieving a mutually agreed solution with regards to the upcoming maturity of the notes on 3 October 2016" . there was no dividend declared for the financial period ended 30 June 2016 .  Full Article

Perisai Petroleum Teknologi Bhd updates on farm-out of award of contract to HESS
Thursday, 1 Oct 2015 08:00pm EDT 

Perisai Petroleum Teknologi Bhd:51% unit, Perisai offshore has agreed with pcsb and Hess exploration and production Malaysia to farm-out of award of contract to Hess.Total contract value of the farm-out to Hess for the primary 9 month period is about US$26.9 million.Farm-out expected to contribute positively to the group's financial position for the financial periods comprised in farm-out.  Full Article

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BRIEF-Perisai Petroleum Teknologi responds to Bursa Malaysia query on solvency

* co will not be able to meet payment of principal and interest of notes when same is demanded. As such, co is insolvent