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SUMATEC RESOURCES BERHAD (“SUMATEC” OR THE “COMPANY”)
 PROPOSED PAR VALUE REDUCTION;
 PROPOSED RIGHTS ISSUE WITH WARRANTS;
 PROPOSED ACQUISITION;
 PROPOSED IASC; AND
 PROPOSED AMENDMENTS

ESTIMATED TIME FRAME FOR COMPLETION

Barring any unforeseen circumstances, the Proposals are expected to be completed by the first quarter of 2017.

yeah im waiting for it to go beyond RM 1.00.

It is for our member here who buy the share above 0.390. Im a long term holder of Hibiscus share at 0.205. So slight reversal of the price are normal for this counter as it is purely upstream based.

my first target at this moment is 0.425.But potential the price to be push higher for First Quarter 2017 above 0.50.

Should there be a less-than-expected drawdown or a more-than-expected surplus, oil prices may be in for a downward reversal due to the high concentration in speculative net long positions.

Rafizi (Si Purtar alam terbesar Pakatoon) should comment on how much epf lost in investment with shell.

First Quarter 2017 will be for sumatec :-).

awaiting inventory data from the U.S. Department of Energy later on Thursday to see if official figures confirmed Wednesday's API report.

PETRONAS agree to cut production at 20000 pb effective first Jan 17

tonight a few country will announce their production cut.

sebab tu kita collect masa 0.055 - 0.06. hehehehe.

First case kapal selesai dan next in January satu lagi news.

heheh so close to my first target 0.425.

haha i told you so. it will move to its actual price above 0.4 and 0.425

Tak lama dah.

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watch this to carefully Sumatec and Pdz. Internal fight

hehehe chak chak

the last oil and gas counter to be push up.

congratulation Perisai Holder

waaa PN17 perisai higher then sumatec wooo...

PETRONAS agree to cut production next year.

heheh tak main la kfc.

heheh dah lama beli dah. tunggu masa jer.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5292373

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? :No

Types of corporate proposal :Private Placement

Details of corporate proposal : PLACEMENT OF UP TO 82,305,362 ORDINARY SHARES OF RM0.01 EACH IN HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM") REPRESENTING APPROXIMATELY 6.05% OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF HIBISCUS PETROLEUM

No. of shares issued under this corporate proposal :41,305,300

Issue price per share ($$):Malaysian Ringgit (MYR) 0.2900

Par Value ($$) :Malaysian Ringgit (MYR) 0.010

Latest issued and paid up share capital after the above corporate proposal in the following

Units : 1,443,844,291

Currency : Malaysian Ringgit (MYR) 14,438,442.910

Listing Date : 20 Dec 2016

going to be another Hibiscus.

its going for it actual value.above 0.40

based on todays close. it will push up even higher next week. good luck all.

like i said it will eventually move to 0.425.

i already makan a lot of this suma.now waiting for it to shoot up. hehehhe tak lama dahhh.

so much good news coming in. Brent will be push up.

Energy Information Administration reported a bigger drop in weekly crude oil stockpiles than analysts expected.

Crude inventories fell by 2.6 million barrels in the last week as refineries hiked output. That compared with analyst expectations for an decrease of 1.6 million barrels.

wow what happen

after completed all transaction and process baru akan start going up.

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On Saturday, oil ministers from OPEC countries will meet non-OPEC producers in Vienna to seek help in curbing a global glut.

Russia has said it would cut 300,000 barrels per day, meaning other non-OPEC producers combined would need to pledge the same amount to lower output by the 600,000 bpd OPEC wants — half the reduction OPEC is making.

Azerbaijan has said it will come to the Austrian capital with proposals for its own reduction. Kazakhstan may offer to freeze output at last month's level, Kazakh Energy Minister Kanat Bozumbayev said.

On Saturday, oil ministers from OPEC countries will meet non-OPEC producers in Vienna to seek help in curbing a global glut.

Russia has said it would cut 300,000 barrels per day, meaning other non-OPEC producers combined would need to pledge the same amount to lower output by the 600,000 bpd OPEC wants — half the reduction OPEC is making.

Azerbaijan has said it will come to the Austrian capital with proposals for its own reduction. Kazakhstan may offer to freeze output at last month's level, Kazakh Energy Minister Kanat Bozumbayev said.

so many good news for this counter.

wow error pulak sekarang

tomorrow morning i will buy again and top more and more.

ok done.

aiyo i got meeting today. If not already buy at 0.05.tomorrow morning i will attack on 0.05. Add more and buy more.

Semua jual open market. Who buying. This one silap2 kena push very high.

wait for 9 december for OPEC - Non-Opec meeting to cut production. More Non-Opec member will join.

i buy again today. :-). Feel Happy.

hehehe still strong. Enjoy the moment. This the best O & G counter so far.

Next biggest buyer - 4 M

77.2 Million banyak tuuuu.

who buying it ? how many share left?