Fortune Favours the Brave (Hopefully)

Mokhtar Hashim, Managing Director, Carimin Petroleum Berhad, discusses the business plan, his IPO timing (given weak market conditions), the identity of its placement investors (and its concentration in relation to the total issue),

moratorium issues, order book details, reliance on the hookup and commissioning sector, Petronas and indeed, Malaysia.

He also discusses Petronas' capex program on marginal oil fields and fields concerns over Petronas' comments that it may reduce its capex from this year onwards and indeed that there may be too many assets and not enough jobs to go around.

He also discusses global oil prices and the apparent Mexican standoff between North American and Middle Eastern oil producers in the context of their impact on smaller producers like Malaysia.