It also aims to produce its first phase of 30 million of standard cubic feet per day of gas — equivalent to 5,000 barrels of oil — in 2018.

3500 barrel by end of 2017 ah....boleh or not

.In separate press statement, Sumatec said it has recently conducted an integrated study involving a complete geological and geophysical re-interpretation, a petrophysical evaluation, a seismic inversion and an attribute analysis on the Rakushechnoye oil field, after which it has revised the reserves estimate for the same to 50.2 million barrels (mmbls) from 43 mmbls in May 2014.
“The company is presently applying for government approval in Kazakhstan for the year 2017 work programme to increase the [oilfield's] production,” Sumatec said.
Following the recent rise in crude oil price and improved sentiment in the O&G industry, Sumatec said it plans to ramp up production to about 3,500 barrels per day by end-2017. It also aims to produce its first phase of 30 million of standard cubic feet per day of gas — equivalent to 5,000 barrels of oil — in 2018.
“The company is in the final stage of developing and securing funding for the new development programme. Further announcements will be made accordingly, in due course,” it added.
Sumatec’s share price rose half sen or 5.56% to 9.5 sen today, giving it a market capitalisation of RM367.28 million.

lu olang manyak optimistic ini... ciakap sampai tomorrow mau limit up ga.......

aiyoyo

tapi bila boleh jua itu oil field to sumatec ini ? mana lapat lui to shot water leh.......

tan sri ciakap lia markmore committed to shot water for sumatec lor...aiyoyo

itu big shark mau makan u pinya 3 . 4 cents meh...lia olang mau makan 30 40 cents la

agree with nomanland....

whos buying?

aiyoyo mr roy ini kali mau naik pentas lor...

total 15 m share dispose open market at 9 cents

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5309493

olang belum announce winner .mr roy sula naik atas pentas mau claim victory lor... aiyoyo

aiyo manyak lansi ini olang...aiyoyo jagan lansi dulu ini...belum 6 cents ma...nanti 14 cents . you muka mau talor mana ini ?

after bought people sound bullish...when sold become har kar yin .

pasti tuju langgi kok kok ayam mali ini aiyoyoy

aiyoyo dream lu pinya toilet papers sula jadi premium paper ini..

aiyoyoyo giant godzilla ini...

aiyoyo siapa ini uncle ini....kikiki

kalau ala 0.18 ...noraini simu lagi kasi hantam kaw kaw or not ....aiyoyo

near term TP > 0.14 , 0.18 0.20 lor kikikiki

vis up double already from 0.22 to 0.45...now pending for a correction technically . RSI at 83 overbought area

very lansi ini....kakaka

GoodBoy Pls do not recommend any counter with less than 100% profit .... cheers ...
06/01/2017 15:38

btw hibisc and sumatec is goreng stock.

Hibisc last quarter result 80 m profit , still no FA ?

strategisst Sumatec/Hibiscus ...to me currently pure o&g price sentiment...based on FA really koyak...very poor and scary their accounts and numbers...be careful with your trading...

suma inside r lu pinya vessels news belum out leih...aiyoyo

ozzie , those info they post are old info. i am so sick of this type of person . when they sold the share , they become har kar yin . waiting lower price to buy back.

someone didnt manage to eat sweet grapes lor..now ciakap itu grapes yang kita makan is sour one....kakakaka

100 biji apa ni ? no shy one . people sold 10000 biji bit lot also keep quiet la..ini kici mau ini

lu mau advertise it on news paper or not ?

noted nomaland

nomanland tomorrow still can ? what do you think ?

lagi tak mau clear 0.1 ini..

aiyoyo

prominent new shareholder ? aiyoyo

lia olang tak jadi makan sweet grapes....sikalang ciakap itu grapes sour one lor..

eh you got enter wrong forum or not ? this is sumatec forum .and suma is in goreng mode. u dun ka ka chau chau

ozzie now vick sula lay body lor...now must sound bullish lor. tp 10rm...soon. wakaka

50 cents ah ? u sure boh....

station 10 20 30...with good news coming out later.

what fundamental u r look at ?. quarterly profit ?

fundamental of oil n gas companys have changed since the day opec non opec agreed to cut production. now u might ask yrself why you cant see this oil n gas goreng coming.

kurang kurang ala 0.14b n above lor...itu pp investors cant break even leh..fork out money kasi rugi.. ah aiyoyo..

ini tahun ayam ini...ayam kok kok ong mali....wakaka

very bullish closing

last time simu said waiting 0.18 baru mau on boat wor.....sikalang on boat already simu ?

aiyoyoyo suddenly manyak olang very bullish ini...sula naik boat mesti ciakap bullish ini...

ozzie may be someone sold at 0.055 and buy back now at 0.09...

Kanasai 99 no one force you to believe other people words at here . got it ? why you come back to this reban ? u cut loss and move on pls

pagi pagi ayam tua sula berkok kok ini...kikiki pasti tuju langit ini aiyoyo

lia sula makan kfc at 0.065....amm kong now....