PENERGY

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PETRA ENERGY BHD. ("PEB" OR "THE COMPANY") - PROPOSED DISPOSAL OF VESSEL (KNOWN AS "PETRA ENDEAVOUR") TO AJR OIL & GAS ENGINEERING SERVICES PRIVATE LIMITED FOR A TOTAL CASH CONSIDERATION OF USD7,750,000.00 OR EQUIVALENT TO APPROXIMATELY RM31,677,350.00 ("PROPOSED DISPOSAL")

PETRA ENERGY BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PETRA ENERGY BHD. ("PEB" OR "THE COMPANY") - PROPOSED DISPOSAL OF VESSEL (KNOWN AS "PETRA ENDEAVOUR") TO AJR OIL & GAS ENGINEERING SERVICES PRIVATE LIMITED FOR A TOTAL CASH CONSIDERATION OF USD7,750,000.00 OR EQUIVALENT TO APPROXIMATELY RM31,677,350.00 ("PROPOSED DISPOSAL")
The Board of Directors of PEB ("Board") is pleased to announce that Petra Marine Sdn. Bhd. ("PMSB" or "Seller"), a wholly-owned subsidiary of PEB, had entered into a Memorandum of Agreement ("MOA") with AJR Oil & Gas Engineering Services Private Limited (Company Registration No.: U74999MH2017PTC291792) ("Buyer") for the disposal of the Seller's vessel namely Petra Endeavour for a total cash consideration of USD7,750,000.00 or equivalent to approximately RM31,677,350.00 ("Disposal Consideration") at the exchange rate of USD1.00 to RM4.0874 on 23 July 2026. Please refer to the attachment for further details of the Proposed Disposal. The announcement is dated 29 July 2026.

Please refer attachment below.

Attachments

Proposed Disposal of Petra Endeavour Vessel.pdf
113.8 kB

Announcement Info

Company Name	PETRA ENERGY BERHAD
Stock Name	PENERGY
Date Announced	29 Jul 2026
Category	General Announcement for PLC
Reference Number	GA1-28072026-00038

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