DUG Technology Bull Lauds Upsized Contract With Petronas -- Market Talk

Dow Jones

Sep 17, 2025

2242 GMT - Ord Minnett raises its price target on DUG Technology by 25%, to A$2.89/share, after the software company says a deal with Malaysia's national oil company will be bigger than initially thought. DUG says the contract with Petronas is now worth US$30 million, much higher than the US$18 million originally projected. The increased value is driven by higher compute and storage requirements, expanded use of the DUG Insight software package, and the provision of dedicated geophysicists. "The deal is DUG's largest to date and with a tier 1 counterparty, as such we would expect the strong validation for DUG's offerings to attract further wins," analyst Milo Ferris says. Ord Minnett retains a "buy" call on DUG, which ended Tuesday at A$2.53. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

September 16, 2025 18:42 ET (22:42 GMT)

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DUG says the contract with Petronas is now worth US$30 million, much higher than the US$18 million originally projected. The increased value is driven by higher compute and storage requirements, expanded use of the DUG Insight software package, and the provision of dedicated geophysicists. \"The deal is DUG's largest to date and with a tier 1 counterparty, as such we would expect the strong validation for DUG's offerings to attract further wins,\" analyst Milo Ferris says. Ord Minnett retains a \"buy\" call on DUG, which ended Tuesday at A$2.53. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 16, 2025 18:42 ET (22:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DUG Technology Bull Lauds Upsized Contract With Petronas -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDUG Technology Bull Lauds Upsized Contract With Petronas -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-17 06:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2242 GMT - Ord Minnett raises its price target on DUG Technology by 25%, to A$2.89/share, after the software company says a deal with Malaysia's national oil company will be bigger than initially thought. DUG says the contract with Petronas is now worth US$30 million, much higher than the US$18 million originally projected. The increased value is driven by higher compute and storage requirements, expanded use of the DUG Insight software package, and the provision of dedicated geophysicists. \"The deal is DUG's largest to date and with a tier 1 counterparty, as such we would expect the strong validation for DUG's offerings to attract further wins,\" analyst Milo Ferris says. Ord Minnett retains a \"buy\" call on DUG, which ended Tuesday at A$2.53. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 16, 2025 18:42 ET (22:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2568314654","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2568314654","pubTimestamp":1758062520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2242 GMT - Ord Minnett raises its price target on DUG Technology by 25%, to A$2.89/share, after the software company says a deal with Malaysia's national oil company will be bigger than initially thought. DUG says the contract with Petronas is now worth US$30 million, much higher than the US$18 million originally projected. The increased value is driven by higher compute and storage requirements, expanded use of the DUG Insight software package, and the provision of dedicated geophysicists. \"The deal is DUG's largest to date and with a tier 1 counterparty, as such we would expect the strong validation for DUG's offerings to attract further wins,\" analyst Milo Ferris says. Ord Minnett retains a \"buy\" call on DUG, which ended Tuesday at A$2.53. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7016":"应用软件","DUG.AU":"DUG TECHNOLOGY LTD"},"translate_title":"DUG Technology Bull称赞与Petronas的扩大合同——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DUG.AU":0.9},"content_text":"2242 GMT - Ord Minnett raises its price target on DUG Technology by 25%, to A$2.89/share, after the software company says a deal with Malaysia's national oil company will be bigger than initially thought. DUG says the contract with Petronas is now worth US$30 million, much higher than the US$18 million originally projected. The increased value is driven by higher compute and storage requirements, expanded use of the DUG Insight software package, and the provision of dedicated geophysicists. \"The deal is DUG's largest to date and with a tier 1 counterparty, as such we would expect the strong validation for DUG's offerings to attract further wins,\" analyst Milo Ferris says. Ord Minnett retains a \"buy\" call on DUG, which ended Tuesday at A$2.53. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 16, 2025 18:42 ET (22:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}