Take a look at TGOFFS

Unclepicks portfolio stood at ~74% stock, ~26% cash. Not buying at the moment.

Why TGOFFS?
- If you are observant enough, the executive director (finance) of the Tanjung Offshore Services who has just resigned, acquired quite a big stake of TGOFFS. He has been disposing TGOFFS since December 2008.
- Lembaga Tabung Haji has purchased some recently.
- The company is already awarded 5 contracts this year,

1. long term charter contract from Petronas Carigali, 
2. waste heat recovery package from Solar Turbines, USA
3. spare parts for gas engine generator package from Murphy Sarawak Oil
4. provision of glycol dehydration package from Petronas Carigali
5. wellhead maintenance services from Petronas Carigali

- The stock found its ground last year at 0.950 after reported a 3rd quarter loss. 4th quarter returned back to profit. At current < 1.100, it is relatively cheap & safe to buy and hold.
- Subsidary CERS' management team has been restructured, and cost overrun is expected to come to an end.
- Oil price is going higher and higher.