{"id":6877,"date":"2013-11-06T00:00:00","date_gmt":"2013-11-06T00:00:00","guid":{"rendered":"https:\/\/splash247.com\/?p=1547"},"modified":"2013-11-06T00:00:00","modified_gmt":"2013-11-06T00:00:00","slug":"barakah-offshore-shares-soar-over-90-on-debut","status":"publish","type":"post","link":"https:\/\/splash247.com\/barakah-offshore-shares-soar-over-90-on-debut\/","title":{"rendered":"Barakah Offshore shares soar over 90% on debut"},"content":{"rendered":"<div>\n\tKuala Lumpur: Barakah Offshore Petroleum made a spectacular debut on Bursa Malaysia today trading at RM1.02 by lunchtime, up 48.5 sen from its reference price.<\/div>\n<div>\n\t&nbsp;<\/div>\n<div>\n\tThe company listed via a reverse takeover of Vastalux Energy Bhd, and will use funds raised for the purchase of equipment, refinancing of debts and for working capital.&nbsp;<\/div>\n<div>\n\t&nbsp;<\/div>\n<div>\n\tBarakah provides pipeline services, offshore transportation and installation works, hook-up and commissioning, underwater services and chartering of marine vessels and equipment. It currently owns a 137 meter length pipe-lay accommodation barge, &ldquo;Kota Laksamana 101&rdquo;.&nbsp;<\/div>\n<div>\n\t&nbsp;<\/div>\n<div>\n\tFirdauz Edmin Mokhtar, the firm&rsquo;s cfo, said at a press conference after the listing that the group will focus on growth in Vietnam, Indonesia, Brunei and Myanmar by partnering with local oil and gas companies. [06\/11\/12]<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kuala Lumpur: Barakah Offshore Petroleum made a spectacular debut on Bursa Malaysia today trading at RM1.02 by lunchtime, up 48.5 sen from its reference price. &nbsp; The company listed via a reverse takeover of Vastalux Energy Bhd, and will use funds raised for the purchase of equipment, refinancing of debts and for working capital.&nbsp; &nbsp; &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[80],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - 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