DIALOG Group Berhad (“DIALOG”) wishes to announce that its wholly-owned subsidiary, DIALOG Resources Sdn Bhd (“DRSB”), has on 10 February 2026 received a Letter of Award (“LOA”) from Petroliam Nasional Berhad (PETRONAS) (“PETRONAS”) in respect of the Cendramas Production Sharing Contract (“Cendramas PSC”), whereby DRSB, Medco Asia Pacific Limited and EnQuest Petroleum Production Malaysia Limited are the proposed Partners.
The Cendramas PSC is subject to, among others, the finalisation and execution of the Joint Operating Agreement and Cendramas PSC, and the fulfilment of all conditions precedent as stipulated by PETRONAS.
DRSB is a wholly owned subsidiary of DIALOG, whose principal activities are petroleum development, appraisal and production operations, and DIALOG is a leading integrated technical service provider to the energy sector, in Malaysia and internationally. Medco is a leading Southeast Asian energy and natural resources company while EnQuest is an energy transition company focused on delivering energy security and decarbonisation.
The participation as a Partner in the Cendramas PSC, a producing asset, is an extension of DIALOG’s upstream business to further deepen integration and expansion across the upstream, midstream, downstream and renewable businesses of the energy sector.
The participation also complements existing investments and operatorship in the upstream business where DIALOG will remain focused and steadfast in the pursuit of diversification across the energy sector to strategically position the Group to weather different economic and oil price cycles, which is in line with the Group’s strategy of generating long term recurring income.
The Cendramas PSC is not expected to have any effect on the share capital and substantial shareholders’ shareholdings of DIALOG as no share issuance is involved. The Cendramas PSC is not expected to have any material effect on the earnings, net assets and gearing of DIALOG for the current financial year. However, it is expected to contribute positively to the future earnings of DIALOG.
The Cendramas PSC does not require approval from the shareholders of DIALOG.
In so far as the Directors of DIALOG are able to ascertain, none of the Directors, major shareholders of DIALOG and/or persons connected with them have any interest, whether direct or indirect, in the Cendramas PSC.
DIALOG will release further announcement(s) on the Cendramas PSC in due course.
This announcement is dated 11 February 2026.