hehheeh a lot of simon casualty. Condolence.

hahahahh see what i tell you all. from last week i told already this week watch ASIABIO...SANICHI...FOCUS. hehehheheheh Huat Arrr to all inside already.

hahahhah you have to ask that to simon333. the master of limit up and down. wakakakakakakakakakakakakak

hahahahh kan i dah cakap. let me repeat again I TOLD YOU SO. HEHEHEHE

hahahaha. tomorrow suddenly limit down because oil moving down.hehehheheh.

hahahh i told you already this week belong to ASIABIO ..SANICHI..FOCUS... :-). From last week already told...heheheh.

not much to do with oil counter tomorrow because PETRONAS already plan to cut capex and opex expenditure. It will still effect oil & gas player. The only think will be interesting to look tomorrow is on property and retail especially those related to GST.

hahaha macam-macam la korang ni. kelakar. hahaha

hahahah i told you so. ASIABIO ..SANICHI..FOCUS... :-)

what sell again.hahhaha. ini memang sajer main-main ini.hahahah

buy on rumor and sell on news

Im inside already. This is GST player.

NEXT WEEK WATCH SANICHI & FOCUS

told you so. Asiabio keep buying and add to the stake in FOCUS. Waiting for it shoot very high. Because Asiabio share will be push up to very high and FOCUS will follow together with SANICHI.

because it will shoot very high.

Maybe a new high today

MARA MARA MARA MARA...HEHEHEHHE TERBAIK.... ASIABIO..FOCUS...SANICHI... :-)

this one easily push up.

possible it will go very high.

i told you guys already directly from O & G Player oil heading for 40 - 50 USD way back in Nov 14. Heheheh Finally it happen and now it free fall. The Arab going for kill for shale producer and not just want to that shale producer to selamat2. Heheheh by now shale producer already start terkencing. Hhehhehehe. Start from Q1 2015 Job data in US will start look bad. :-) .

apa lagi mau cakap. heheheh I TOLD YOU SO. Kan dah reach 40 - 50 USD. Heheheh

MARA mengamok woo.heheheh. push the price fast fast.

Halim is smart he ask for reduction now and so he got untung so much as oil price drop and he take the advantage of low oil price and low suma share price. Those two key played by Halim so well. At the end he got the best deal. Share price will increase from time to time and as oil and gas player, it is anticipated that price of oil will start recover after Quarter 2 which is around June 15 and you can see the RI also set around that time. Hehheheh. YOU ARE VERY SMART HALIM.

Sumatec trims acquisition price of Borneo Energy by US$60m as global oil prices fall

KUALA LUMPUR (Jan 9): Sumatec Resources Bhd, of which Tan Sri Halim Saad is a major shareholder, has trimmed the acquisition price for the 100% stake in Borneo Energy Oil and Gas Ltd to US$290 million (RM1.02 billion), from US$350 million previously, to factor in the sharp drop in global oil prices.

In a filing to Bursa Malaysia today, Sumatec said it has entered into a supplemental agreement with Borneo Energy’s vendors, Abu Talib bin Abdul Rahman and Dr Murat Safin, to reduce the purchase price to US$290 million, of which cash payment will be at US$210 million, while the balance US$80 million to be settled via the issuance of 1.22 billion new shares in Sumatec, at an issue price of 23 sen per share.

According to Sumatec, the variation to the terms of the sales and purchase agreement was agreed between the parties, in view of the decline in global oil prices, from an average of US$103.19 per barrel in August 2014 to US$57.33 per barrel in December 2014, as well as the decline in the average market price of Sumatec shares from 48 sen in August 2014 to 21 sen per share in December 2014.

Meanwhile, Sumatec has also proposed to vary its proposed rights issue exercise, to 6 rights shares for every 5 existing shares held — together with 1 rights warrant for every two rights shares subscribed — at an issue price of 20 sen each. It plans to raise between RM835.85 million and RM1.1 billion from the exercise.

Before this, the ratio was 1 rights share for every 2 shares held, together with 1 rights warrant for every rights shares subscribed, at an issue price of 40 sen, to raise between RM698.5 million and RM919.4 million.

“The additional proceeds to be raised from the proposed rights Issue with warrants shall be allocated for the working capital requirements for Buzachi Neft, in particular for the construction of artificial islands on Karaturun Vostochnyi Oilfield and the opening of new production wells on the Buzachi Neft Oilfields,” said Sumatec.

Buzachi Neft is a 100% owned unit of Borneo Energy. It is an independent oil company involved in the exploration, production and trading of oil and natural gas, focusing on the upstream activities, and holds the subsoil use rights for the exploration and production of hydrocarbons in “Karaturun Vostochnyi” and “Karaturun Morskoi” fields, both located in the northern part of Mangistau Oblast, Kazakhstan. The subsoil use contracts for both fields were signed on Nov 2, 2001, for a period of 25 years.

“Despite the decline in oil prices, the board remains optimistic of the long-term prospects of the proposed acquisition, due to the long-term potential of the oil and gas industry in the global energy market,” Sumatec added.

Meanwhile, there will also be a change in the offer for sale of Sumatec shares, to be received by Abu Talib, to Halim. Under the new arrangement, Abu Talib will sell to Halim 684.78 million shares at 23 sen each, instead of 727.27 million shares at 55 sen each as agreed to previously.

belum kenyang lagi makan at 0.04.heheheh

buying coming in day by day. this huge amount who got. :-)

you have to ask now who buy that stake. :-)

Blood Everywhere. WTI reach below 50 USD for the first time since 2009. Brent down almost 5.5 % as now to almost 53 USD and heading for below 50 USD. Market in Europe crash today with all benchmark Index go down above 2 % - 5 %. Huge sell down in Europe and Oil. DOW down almost 230 point. Major Energy counter in America Crashing down. GOOD LUCK ALL FOR TOMORROW. GOODNIGHT

HABIS la Tony Fernandes. Now gigit jari dont know what to do. Sad to See AIRASIA in this situation. Freefall later for AIRASIA.

waiting for SUMA at 0.18 & later 0.15.

i like to borrow raja petra words. I TOLD YOU SO.

Sudah bagi tau semua ma. Direct from oil & gas player. It will go below 50USD for both WTI and BRENT. Later it will hovering around 40 USD - 50 USD before it shoot back to around 50 USD - 65 USD. Aiyo sudah bagi tau also semua degil2.

I already add another 100k today. Huh. Complete for me in Hubline. Now wait for the moment the giant wake up. :-)

its like SUMATEC = PETRONAS CARIGALI & PDZ = PETRONAS GAS. It just perumpamaan. Of course not now. But in new future. :-)

just stand by. This giant already sleep too long.

How come singapore approve? something is not right with SIA.

leo218 you are correct. both SUMA & PDZ now HALIM baby and darling or O & G.

i told you guys already. it will touch 55USD. Now Brent already touch 55USD and WTI heading for below 50 USD. I told you already and now it heading to that direction.

WTI will drop below 50 USD. This what we heard from oil & gas player for short term until it stabilize unless Saudi or OPEC do something now. I will only start going up slowly around 2nd Quarter.

it will move further down. This because of US. U.S. Opening Door to More Oil Exports Seen Foiling OPEC Strategy.The Obama administration’s move to allow exports of ultralight crude without government approval may encourage shale drilling and thwart Saudi Arabia’s strategy to curb U.S. output, further weakening oil markets. U.S. producers are under the gun to reduce capital expenditures given lower prices,” Citigroup said in the report. “Now an export route provides a new lease on life that can further weaken crude oil markets and throw a monkey wrench into recent Saudi plans to cripple U.S. production.

i will buy again tomorrow. Today done 50k at 0.04. Tomorrow another round.Really cant wait for it.

i will attack more on this.something going on inside this company and the share price volume is very strange.

3 wave of sell down. Tomorrow confirm. The second one will be if the plane confirm down which we all dont want and hope everybody on the plane safe and pray for them. And the third is when the insurance claim coming in. I wait around rm 2.

Pray for all 162 passenger.

goodvibes22 my mother pass away already 5 years ago. I dont want to say anything about your mother as it is not good. She is the one who give birth to you and we should respect all mothers no matter where they are.

At least 6 month require to get back people confident.

At least mas got govt to help. Airasia siapa mau tolong. Habis la tony fernandes

Sellllllll sellllllll sellllllll tony firnandes will be in huge pening now.

SELLLLLLLL SELllllll Airasia flight bound to singapore from surabaya lost contact with control tower. Dont know what happen.

thats what i trying to tell all along. Saudi is using every effort they can to influence on the oil market direction by so many time indicate that they can stay well even the price go down to 20 USD. So when saudi make such comment it will simply shaken investor confident and also put on the picture that oil will still go down.