I know the fellas at Uzma are smart, but this news release must rank among those most empty of information. Do you buy or sell Uzma share?
Taken from the Star, dateline 2010-10-23:
Oil and gas contractor Uzma Bhd told Bursa Malaysia yesterday its wholly owned unit has received a letter of award from a national oil company as one of the contractors appointed to do subsurface studies for “routine and enhance oil recovery services’’ for an intial period of three years.Uzma did not named the national oil firm, disclosed any financial details with regards to the appointment. “It should be noted that the subsurface contract does not constitute or imply a commitment by the oil firm to award any specific volume of works to Uzma.”
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Big Cable oii
“Oil and gas contractor Jabba the Hutt told Bursa Setan yesterday its wholly owned unit has received a letter of award from a national oil company (somewhere in the far reaches of the galaxy) as one of the contractors appointed to do subsurface studies for “routine and enhance shit recovery services’’ for an intial period of three years. Jabba did not named the national oil firm, disclosed any financial details with regards to the appointment. “It should be noted that the subsurface contract does not constitute or imply a commitment by the oil firm to award any specific volume of works to Jabba.”
In short, I was awarded a contract that does not name the client, amount, location and it does not mean there is a commitment to give me work….
what a load of bullshit.