Wat we need to worry oil will go to $30 or oil willl nv return to $100..

if u ask me which oil com u can buy i can say any oil com in the world

if u ask me how much oil cost i will say can be usd10 or can be usd 100

if u ask me how long oil will be finished i can say 1 day we use 90mil barrel n 10 years will be 200bil which same as oil reserve as saudi that biggest reserve in the world..

if u ask me how long oil can kept i can say more than u can stay in the earth

if u ask me which stock com is cheaper i ll say oil com

Take my advise starts to collect o&g company big com like umwog, armada, n penny stock like sumatec n pantech sure make profit..

X worry 1 more month ll know who in the house..Eat People Shark sure standby there n all get ready bite each other..

30min will shot up..

why suma up pdz oso up...

i look for 2016 usd$200 predict by saudi

MY oso in crisis but i dont feel anything

hibiscus drill 5 wells but suma plan to drill 10 wells so so strong

16mil short from forecast profit only well down

gain from forex look like usd strength gd for suma also

gd job suma $70 oil price still can earn 26mil.. let oil price down $30 oso x problem

big boy inside so fast approve

remember one word said by saudi oil price wont reach $100 again cause it will strike $200 and the reason is how soon tis cheap oil at middle east drill off..

will for q4 result to prove it.

http://globalpoliticalinsight.com/2014/09/01/fracking-where-britain-stands/

http://bursaedge.blogspot.hk/2013/06/sumatec-looking-to-exit-pn17.html

mas loss rm500mil share value 0.26
suma earn rm18mil share value 0.21
i dont how ppl tink.......

so suma gas field start make money..good

Opex usd$9 if oil price drop to usd$40 khaza gov gv 0%tax and now suma net profit drop to usd $20 per bbl so still make profit..low cost producer

haha..sumatec every boe breakeven at usd $65 if oil price go below it then sure loss money but most company cost more than usd $80 like petronas already lose money if any oil com cant sustain and bankrupt and supply go down then oil price will climb again n again..i predict next eco crisis will be led by big big energy crisis in 2018..

SAPURAKENCANA oso drop..so

haha..time to collect more..ppl sell i buy ppl buy i sell..tis is now to make money

tis is win win company and we all share our idea in tis forum..i appreciate it:)

dd128 , bro u are right the price will be higher cause my calculation based on minimal scenario only..

it because all 0.4 and below hold so tight and never could break the wall..number always tell u the true..

just wait for fund and inst buy it..instead of invest in war zone looking all now focus on Caspian sea

let me share this company formula:

Rakushechnoye (NPV: USD$209mil, 50% JIA USD$135mil)
Oil profit : [P1: 6.6mil + (P2: 43mil x 50%)] = 28.1mil x USD35 net profit per bbl x RM3 Forex x 50% JIA = RM1,475mil total profit/3,476,064,300 share = RM0.424

Gas profit: [P1: 51bcf + (P2: 578bcf x 50%)] = 340bcf x 1,000,000mmbtu x USD3 per mmbtu* x RM3 Forex x 50% JIA = RM1,530mil total profit/3,476,064,300 share = RM0.440
Oil + Gas profit = RM0.864 *Estimated

Buzachi Neft (NPV: USD$683mil by SRK, 100% QA USD$350mil)
Oil asset: [P1: 15.25mil + (P2: 53.62mil x 50%)] = 42.05mil x USD30 net profit per bbl x RM3 Forex x 100%AQ = RM3,784.5mil total profit/(3,476,064,300 + 2,298,582,440 = 5,774,646,740 share) = RM0.655

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tq to all comment and professional idea gave by tis forumer abt suma and nw finally independent i really appreciate it DreamConqueror, Yk John,
SANG-JERO, ozzie75, strategisst, Fam Jenny, slm7212, stonenut, louli tq so much....

malaysia independent day and sumatec independent also malaysia boleh suma boleh hahah

suma already beat sona and will skip cliq go to final round vs reach..
i can smell the victory... suma 1 vs reach 0

Suma hv the same footprint like dsonic that gv me 1000% before。。

Why today did not drop anymore。。30%fell is nothing based on my calculation will get 400% in long term。。eventhough drop 100% more i dont care also and cant take away my profit and cant touch my bottom line。。

One side heaven one side hell..yesterday free fell30% and why today dont drop another 30% tis is old tactic yet effective before gd news came out but dont make fool so tat we dump the share and those player can pick up in cheap..remember those hold it tight till the end so call winner..

KUALA LUMPUR: Shares in debt-laden Sumatec Resources Bhd hit a five-year intra-day high of 56.5 sen yesterday on talk of its largest shareholder Tan Sri Halim Saad increasing his foothold in the oil and gas outfit, and that it is closer to exiting its Practice Note 17 status.

According to sources, Halim is looking to increase his stake in Sumatec to 32% from 24.63% currently. This is just slightly under the 33% level that would trigger a mandatory general offer (MGO).

“Sumatec had recently completed a private placement of up to 308.6 million new shares in the firm to independent third-party investors. This will result in Halim’s stake being diluted to some 20%.

“As such, he is looking to increase his stake in the company by up to 32% without triggering an MGO,” a source told The Edge Financial Daily.

Sumatec’s stock has jumped 113.46% to close up one sen or 1.85% at 55 sen yesterday from 26 sen on June 17 this year, after hovering between 26 sen and 33.5 sen since the beginning of the year. Its market capitalisation stood at RM1.92 billion.

Sumatec, which moved into the O&G sector in 2012, proposed a private placement exercise in January to fund the company’s planned acquisitions of oil and gas (O&G) fields in Kazakhstan.

The private placement was completed following the listing of and quotation of 308.6 million new shares of 14 sen each in Sumatec on Aug 5. The company will raise some RM85 million from the exercise.

To recap, Sumatec signed a gas development and production agreement with Markmore Energy (Labuan) Ltd (MELL) last year, allowing Sumatec to develop and deliver to MELL the gas development, implementation and production plan that will meet the minimum supply requirement of 120 million standard cu ft (MMSCF) of gas per day to a commercial off-taker by 2017.

It is worth noting that MELL is a wholly-owned subsidiary of Markmore Sdn Bhd, whose directors are Halim and Abu Talib Abdul Rahman. Halim owns a 99.99% stake in Markmore.

Earlier in March 2013, Sumatec inked a joint investment agreement with MELL and CaspiOilGas LLP, which has the rights to develop and extract O&G at the Rakushechnoye onshore oil field in Kazakhstan until 2025.

As part of the deal, Markmore will pay Sumatec US$15 million (RM47.7 million) per year to execute the design of the wells, starting from January this year until 2016.

sumatec incoming event

2nd quarter result out august..tp 70c
lifted from pn17 august or sept ..tp 1.00
ink Borneo oil n gas acquisition oct..tp 1.50
ramp up production 10k bopd by 2015..tp 4.00

smart move for suma issue RI also..they target oil reserve 200mil n they already hv first 100mil without borrowing money from bank..

tis counter go down i will smile..hehehe, go up i will laugh..hahaha