If press release by end of July...then should up up up

Mungkinkah :)

Posted by SANG-JERO > Jul 23, 2014 06:47 PM | Report Abuse

next week 0.50-0.65..........Tungggggguuu

Hari-hari disposed..apa masalah dia ni....

Stock Name: SUMATEC
Company: SUMATEC RESOURCES BHD
Date: July 23, 2014
Category: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Subject: Changes in Director's Interest (S135) - AHMAD JOHARI BIN ABDUL RAZAK
Disposed 21/07/2014 1,500,000 0.420
Disposed 22/07/2014 3,000,000 0.407

Ini kali sudah mahu pergi 45 :)

Yes..Agree.

Posted by stonenut > Jul 23, 2014 03:34 PM | Report Abuse

Insiders, Informers, Agents, Bankers, Instituitions
ALL SAY BUY CALL... SUMATECTEC good news will come.....
Must believe Sanjero Power....

Oh..siapa itu yang beli????

Bijak..........budak_sekolah

who would want to buy share at .38 sen if they know the company is going the opposite direction? .38 sen PP is good. Now .41 sen. This big players wont be here to get 3 sen profit lah.

Maafkan saya, saya budak baru belajar.

Banyak announcement walaupun belum keluar PN17

CLIQ soon

strategist............info from??? :)

... Latest info for all passengers.... PP is over-subscribe and waiting for allocation to be made... even kenanga and ta investment seeking allocation for their big clients.... TUNGGGUUUUUU

Adoh pagi-pagi sudah merah dan jatuh :)

SONA fair price 80 - 84 sen by local Brokerage! as reported by starbiz...bila pula target price

SONA and SUMA....mana lagi baik (hhakim, Noraini, DH)

The first workover well is expected to be completed and producing within three weeks, with the whole program planned to take four months, ending in August 2014 with twelve wells on production.

By the end of 2014, Sumatec plans to have fifteen wells on production as the rig will be used to drill three side tracks after the workover program has finished. Sumatec expects to achieve its 2014 target of 2000bbls/day from these fifteen wells.

hhakim..how about right issue. Any impact to the price of SUMA

hhakim/Kak Noraini/DH.apa kata anda if another round of RI

hhakim/Kak Noraini/DH.apa kata anda if another round of RI

KUALA LUMPUR: Sumatec Resources Bhd, which includes the likes of businessman Tan Sri Halim Saad as a major shareholder with 24.9% stake, is looking at new oil field acquisitions to expand its overseas footprint this year.

Its CEO Christopher Layton Dalton said Sumatec is screening for potential acquisitions in Kazakhstan, Russia, UK, Europe, Indonesia and Papua New Guinea.

"We want to broaden our horizon. Besides our current presence in Kazakhstan, we are also looking at all the different options that meet our criteria, taking into consideration their political, economic and financial stability," he told reporters after the group's EGM here yesterday.

Dalton said Sumatec will start acquiring companies this year. "We want to get the concessions of oil and gas development & production," he added.

Sumatec is eyeing matured and proven assets that are undervalued, onshore or near shore. Dalton, however, ruled out assets in deepwater and on the continental shelf.

Dalton said the group will tap into the debt market to fund the merger and acquisition activities.

Sumatec has sold off and closed down all its downstream assets to turn into an upstream player following a series of restructuring exercises.

Earlier in the meeting, shareholders gave Sumatec the go-ahead to develop gas resources at the Rakushechnoye oil and gas field in the Karakiyan district of the Mangistau Oblast, Kazakhstan, through a partnership with Markmore Energy (Labuan) Ltd (MELL).

Halim Saad did not attend the meeting yesterday.

On another note, Dalton said Sumatec expects to achieve profit of RM69 million in the financial year ending Dec 31, 2014 (FY14), and exit the Practice Note 17 (PN17) category after second quarter this year.

"We will make the submission at August this year, should the group record a profit for two consecutive quarters. Hopefully, we will be uplifted from the PN17 list, the earliest in this September," he said.

The estimated profit for FY14 excludes the profit contribution from its agreement on the gas development in Kazakhstan, he added.

Dalton said Sumatec has allocated US$30 million as capital expenditure in 2014 to develop oil resources at the Rakushechnoye field. In the long run, the group plans to invest US$250 million in the next five years.

Sumatec's cash balance stood at RM5 million as at end of 2013.

- See more at: http://m.thesundaily.my/node/246109#sthash.JLk6bDCK.dpuf

Sumatec sees RM1b revenue by 2015

By Sharen Kaur
Published: 2013/06/22


ON TRACK TO PROFIT: Company banking on oil and gas field in Kazakhstan
Sumatec Resources Bhd should be debt-free by August and achieve its RM1 billion revenue target within three years, says its major shareholder Tan Sri Halim Saad.

The company is banking on its Rakushechnoye oil and gas field in Mangystau, Kazakhstan, to put it on a solid profit path.

It has a Joint Investment Agreement with Markmore Energy (Labuan) Ltd and CaspiOilGas LLP for the commercial development and production of the Rakushechnoye field.

Markmore Energy and CaspiOilGas, the company that holds the concession for the field up to 2025, are controlled by Halim.

dropping...buy buy buy

Agree..............
Posted by hhakim > Jul 16, 2014 09:05 AM | Report Abuse

jgn jual too soon....tunggu until keluar PN17, at least

Bijak statement budak sekolah...........

sapa tamau invest, step aside. sapa mau invest, willing to take high risk, step in. no need to say this counter no good ke apa. unless you have solid facts lah, then you are the hero of the day.

Good reason..............

Posted by Yk John > Jul 16, 2014 06:54 AM | Report Abuse

Yk John I still hold


Why???


Coz jib family

Coz uplift pn17

Coz proven oil

Coz so cheap 0.405

Coz got good news this week

PETALING JAYA: Telekom Malaysia Bhd’s (TM) bid to be a converged telecoms player with its acquisition of Packet One Networks (M) Sdn Bhd (P1) could yield long-term strategic opportunities if executed well, said Nomura Research analysts.

Its Asean telco analysts said, however, there were also questions regarding TM’s market entry strategy, network rollout plans and capital expenditure risks, among others, with a key investor concern being whether it could take on mobile players.

“We don’t dismiss the challenges in this shift; however, if executed well, there could be long-term strategic opportunities as well,” they said in a report.

Estimating data garnered around 30% of total wireless revenues, while tablets, smartphones and long-term evolution, or LTE, technology grew more mainstream, they said TM could tap into this growing market with its ability to offer a converged product.

Nomura Research also noted that TM’s re-entry into the wireless segment was similar to that of the United Kingdom’s BT Group, which recently secured 4G spectrum and was looking to launch wireless services.

Its analysts pointed out that BT’s initial offering was, interestingly, for the small and medium enterprise (SME) market rather than consumer, opining that TM could adopt a similar approach as well.

“Within its retail segment, SMEs, Government and enterprise account for 60% of TM’s retail revenue, while consumer takes up the rest. TM has 80% share in these segments, we think,” they said.

Nomura Research added that TM’s conclusion of its high-speed broadband discussions with the Government would be a key catalyst in the near-term, and remained positive on its second phase of fibre rollout.

They said TM’s current initiatives should see average earnings growth of 9% per annum in financial year 2014 (FY14) to FY17, adding that it was currently trading at 27 times Nomura Research’s revised forecast FY14 earnings.

Believing the stock has further catalysts despite a 15% year-to-date outperformance already, they have lifted their target price to RM7, maintaining their “buy” call.

Sumatec CFO sells entire stake, shares and warrants extend rally


PETALING JAYA: Sumatec Resources Bhd’s chief financial officer Roshidah Abdullah sold her entire 20 million shares in the company on July 9, making a gross gain of about RM6.16mil.

In a filing with Bursa Malaysia, the company said Roshidah had disposed of her entire 0.64% stake in Sumatec for 30.8 sen per share.

Yesterday, Sumatec’s shares and warrants jumped, extending their Friday rally, which came about after the company said it was proposing to buy Borneo Energy Oil and Gas Ltd for US$250mil (RM785.387mil).

Borneo Energy is a Kazakhstan oil and gas (O&G) outfit that has the rights for exploration and production in two fields in that country.

Sumatec shares hit an intra-day high of 42 sen yesterday, closing the day at 40.5 sen, an 8% increase, with 478 million shares being done. It was the highest close since Nov 14 last year.

Its warrants, Sumatec-WB and Sumatec-WA, meanwhile, jumped 14.75% and 17.54% to close at 35 sen and 33.5 sen, respectively. Sumatec’s shares and warrants were among the most active counters yesterday.

Sumatec also recently appointed Datuk Ahmad Johari Abdul Razak (the brother of Prime Minister Datuk Seri Najib Tun Razak) as an independent non-executive director. Ahmad Johari has a 1.92% direct interest in Sumatec.

The Practice Note 17 firm is currently involved in the development and production of gas for the Rakuschechnoye O&G field in Kazakhstan with Markmore Energy (Labuan) Ltd.

Markmore is the owner of the concession and holds the sub-surface user rights for the Rakuschechnoye field through its unit CaspiOilGas LLP. Businessman Tan Sri Halim Saad owns 99% of Markmore and is also Sumatec’s major shareholder.

It has been reported that Halim owns 24.9% of Sumatec.

Buy 43 then sell 50 :) no worries.

thanks hhakim for the info.

ini bukan kita-kita in this forum buy....big2 fund buy.

SANG-JERO..what is the target price for this round.

afifi..suma take over new field..the one in the news last friday ?

stonenut.... Insider news TP1.40 in september??? Good Good

Kak Noraini..what is yr target price for mid and long term for SUMATEC

Hhakim...what is yr target price for SUMA.

Thanks Kak Noraini..........

CEO Chris Dalton says that the deal for Borneo Energy “is the first step for Sumatec in its quest to be a large independent upstream oil and gas company.” Currently the vast majority of Malaysia’s oil and gas industry is controlled by the state-owned Petronas.
He adds that the purchase – expected to complete within the next six months – will give Sumatec access to combined reserves of 100m bbl of oil or more, “which can potentially contribute to as much as US$2.5bn in operating profit to Sumatec over the next ten years.”

Kak noraini...macamana suma...bileh terus naik ke akan reverse. Berapa target utk this round...chart macamana yer...terima kasih.

HIBISCUS PETROLEUM BHD...harga 1.54....minyak entah di mana lagi. SUMA harga 37.5 sen...minyak dah ada dan beli lagi oil field. Fikir-fikirkan.

Mantap hari ini dan akan mantap sampai Ogos..............

Harap-harap ini kali boleh pergi rehat kat 40 sen :)

Volume banyak..harga jatuh..siapa jual????

adoh...jatuh :)

Bila tak gerak rasa susah..bila dah gerak rasa menyesal sebab sudah jual atau tak sempat beli :)

QA is coming

Any news....

Betul ke ni...power.

Posted by focuz > Jul 4, 2014 11:10 AM | Report Abuse

S-J, Sorry ah! I borrow your phrase...

This is NOT a propaganda:
03/07/2014 Off-market transaction 42mil share @ 0.35 cts, total shares 1.3466%

Sumatec on d way to 0.50 :) slow and steady. End of August...InsyaAllah 0.70 to 1.00. Emmm mungkin atau mimpi di siang Hari...............fikir-fikirkan.

waaaa....macam mahu up today :)

Hari ni Forum tak meriah :)

Oh....sudah mahu turun.

Waaaa....banyak kuat...Mother berapa mahu pergi?

SUMA wb- TP for this week RM0.465

Posted by eric_B4B > Jun 30, 2014 02:05 PM | Report Abuse

4646 , SUMA wb- TP for this week RM0.465 !! BUY NOW AND SELL AT 0.46 this friday !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The star.......
Published: Friday June 27, 2014 MYT 4:46:00 PM
Updated: Friday June 27, 2014 MYT 4:48:34 PM
Sumatec sees 35m shares traded off-market


KUALA LUMPUR: Sumatec Resources Bhd's 35 million shares were traded in an off-market transaction at an average price of 34 sen each.



Stock market data showed the shares, which represented a 1.12% stake, was transacted in one block at 4.32pm. The Practice Note 17 company’s paid-up is 3.116 billion shares.