huge volume

its coming again haha

hope this hammer n doji will make my day b4 raya

if close 0.27 and above

if can close green , tomorrow kaw2

good sign can top up more !!

i think so..

OTHERS
Description PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH
9.19A OF BURSA MALAYSIA SECURITIES BERHAD' S MAIN MARKET LISTING REQUIREMENTS ("MMLR")
Reference is made to our announcements of 10 October 2016, 12 October 2016, 10 November 2016, 9 December 2016, 9 January 2017, 8 February 2017, 8 March 2017, 7 April 2017, 8 May 2017, 8 June 2017, 7 July 2017, 7 August 2017, 7 September 2017, 9 October 2017, 7 November 2017, 7 December 2017, 5 January 2018, 7 February 2018, 7 March 2018, 9 April 2018 and 7 May 2018 (“Announcements”). Unless defined herein, all italicised and capitalised terms used here shall bear the same meaning as ascribed to the same in Announcements.

The Board of the Directors (“Board”) of the Company wishes to inform that the Company had formulated a proposed regularisation plan (“Proposed Regularisation Plan”) and had on 18 May 2018 made the requisite announcement pursuant to Paragraph 4.2(a) of Practice Note 17 of the MMLR setting out the said Proposed Regularisation Plan. The Company had also on the event date made an announcement in respect of the Notice of Court Convened Meeting of Scheme Creditors to be held on 8 June 2018. The Company, together with its advisers, is in the midst of preparing the applications for the Proposed Regularisation Plan to the relevant authorities.

The Board wishes to inform that the Company also triggered Paragraph 2.1(a) of the Practice Note 17 as based on the Company’s unaudited quarterly report for the financial period ended 31 March 2018 announced on 25 May 2018, its shareholders’ equity on a consolidated basis is 25% or less of the issued and paid-up capital, while its shareholders’ equity is less than RM40 million. Nevertheless, the Company’s negative shareholders’ equity of RM171,063,620.21 will be addressed by the Proposed Regularization Plan.

Further announcement on the development of the above matter will be made as and when necessary.

This announcement is dated 7 June 2018.

we see how after 330 keep or sell

go..go...

hopefully can up more for raya

nice one !!

chill n relax

will up ..

we see what will happen nxt.

http://m.thesundaily.my/node/551779

dgb so sleepy

wah sumatec QR +162%

when the qr?

any hope on this counter ?

so hows adi88?

any project or news?

seriously 1 cent?

dont know want to believe or not what he said , damnn

No basis for going concern issues, says Halim

Halim also rubbishes the auditor’s assessment that there are going concern issues at the group. “How can there be going concern issues when there’s no winding up notice being served to Sumatec?” he said.

He said in addition to his 12.7% stake in Sumatec, he has advanced US$25 million to Sumatec, to pay for Sumatec’s share of operation costs in Kazakhstan — as he is optimistic that the turnaround story for the company will materialise in FY18.

In arriving to its disclaimer of opinion, the auditor, in Sumatec’s Bursa filing on Monday, said it was unable to obtain sufficient audit evidence in assessing the practicalities of the assumptions made by the management in terms of the viability and sustainability of the oil field’s development plans and the necessary expenditures needed.

As such, it could not ascertain whether Sumatec’s proposed plans will be implemented successfully and as such, could not determine the effects on profits and positive cash flows which may be generated.

It was also uncertain, among others, of the recoverability of the group’s total non-current and non-trade receivables of RM135.7 million and the company’s non-current trade receivables of RM23.5 million from its business partner CaspiOilGas LLP, as well as the RM195.79 million from MELL.

In addition, it said the company is exposed to material financial obligations in relation to the guarantees provided amounting to RM173.09 million and had also defaulted in payment of a loan amounting to RM22.53 million. These factors, combined, may cast a significant doubt on the group’s ability and the company to continue as a going concern, the auditor added.

http://www.theedgemarkets.com/article/sumatec-wants-restate-accounts

will down till 0.05?

recovery ...

KUALA LUMPUR: Sumatec Resources Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

has secured US$20mil (RM78mil) contract financing from China's Talap Munai Service LLP for the development of its Rakushechnoye oil and gas field in Kazakhstan.

Sumatec said on Tuesday the financing would cover eight well workovers on the upper Jurassic Reservoir; eight well workovers/side-tracks on the Triassic Reservoir; and drilling two new wells plus an additional four new wells to be funded from oil revenue.

The financing would also be to upgrade the surface, production and storage facilities; and installation of gas injection facilities for pressure maintenance and offtake.

“Both Talap Munai and Sumatec agree that this contractor financing shall be repaid by way of cash or in kind that is oil/condensate barrels or shares of Sumatec or shares of CaspiOilGas LLP, the partner of Sumatec in Kazakhstan,” it said..

According to Sumatec, Talap Munai Service operates in Kazakhstan and China. It has a strong working collaboration with CNPC-Liaohe (a subsidiary of China National Petroleum Corporation). It has a long cooperation arrangement with Sinopec Kazakhstan International Petroleum Service LLP for the development of oilfields in Kazakhstan since 2009.

“The scope of work proposed by Talap Munai is anticipated to increase production by an additional 3,500 barrels of equivalent (boe) a day in January 2019, and thereafter targeted to increase to an additional 7,200 boe/day by August 2019,” it said.

Sumatec said the Rakushechnoye field is a large field with reserves, both in oil/condensate and gas, totalling around 139.4 million boe of proven and probable reserves.


Read more at https://www.thestar.com.my/business/business-news/2018/04/24/sumatec-secures-us$20m-financing-from-china-company/#e2pdvEOerHdlS1Za.99

https://www.thestar.com.my/business/business-news/2018/04/24/sumatec-secures-us$20m-financing-from-china-company/ got hope mayb

no power

why?

https://www.thestar.com.my/business/business-news/2018/02/28/perisai-shares-actively-traded/
300%

wuhooo !!

something good will happen?

y they keep buy?

relax ..

nothing good on GOB?

it will up ..

@callme777 haha thats true

people start buy @0.065

will break 0.07 soon.. something good will out soon

if can return back to 0.07 something good will happen..

if perisai can up today and onward mayb have something good news. if not just say goodbye !!

btol,without announcement ..price will drop until delisted

better wait for announcement..

better they think like that , atleast they can pump more to attract back

no power

buy vol coming in again .. pelik2

i believe also it can out from pn17, sold half already just now and keep another half for the miracle