another potential major contract from Mexican state-owned petroleum company Pemex for the Ixachi gas

PETALING JAYA: Shares in Coastal Contracts Bhd surged almost 10% after announcing its consortium had secured a contract valued at RM4. 5bil yesterday. The stock closed 12 sen, or 9.9%, higher at RM1.33 yesterday, off an intra-day high of RM1.44.In a statement, Coastal said a consortium, led by its joint-venture( JV) company Coastoil Dynamic SA De CV, had entered into a service agreement with Pemex Exploracion and Produccion to undertake an onshore gas conditioning plant project worth RM4. 5bil.“