He adds that the production cost of its existing wells is somewhere between US$20 and US$25 per barrel and, given the depressed oil prices, Sumatec has no intention to re-enter the old wells as it would not gain much profit from them. “It is quite risky to re-enter the old wells at this point in time. We prefer to drill new wells when [the oil] price recovers.”

Sumatec has set aside US$27 million for its capex this year as well as US$40 million for 2017 and US$55 million for 2018.

“The capex includes the construction of the pipeline. We have two years to complete the project and we will do it in tandem with the drilling of new wells,” says Chan.

PP money sula almost spent habi , this was stated in the last Q report . but MD ciakap this before


Funds raised from the private placement are meant to enhance the group’s production levels and allow it to embark on a new well-drilling programme.

http://www.theedgemarkets.com/my/article/sumatec-seeks-financing-gas-pipeline-construction-kazakhstan

dragon lu mau ciakap baik itu suma lor...baru itu harga boleh naik lor..wakakaka

does this mean suma will have gas income on 2017 and onward ?

"Once supply of gas commences to the off taker, Sumatec will charge an operator fee of 75 US cent per thousand standard cu ft (MSCF) supplied at well heads," said Sumatec in a filing with Bursa Malaysia yesterday.

this 3 years we were not updated by sumatec on this Gas project status correct ?

"Once supply of gas commences to the off taker, Sumatec will charge an operator fee of 75 US cent per thousand standard cu ft (MSCF) supplied at well heads," said Sumatec in a filing with Bursa Malaysia yesterday.

Dream wa meaning jangan percaya buta buta itu SKL TP..lu ala make money better take profit.
lor....sikalang lu beli satu biji at 0.26...itu boss sold you satu biji 0.26 - 0.06 = lia untung 0.20 cents lor Mexter up from 5 , 6 cents pinya.

I3 cant post link now ? When i post a message with hyperlink . It stuck there after i clicked the comment button. Forum modulator pls report this issue to the i t team.

ttp://m.thesundaily.my/node/233829

What is the above mentioned gas project status now ? Mell suppose to pay usd 45 m to sumatec ? Now is end of 2016

Sumatec yesterday signed a gas development and production agreement with MELL, which sees Sumatec developing and delivering 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.

Under the deal, Sumatec will charge MELL a fee of US$45 million over three years from 2014 to 2016 for works carried out under the gas development and gas implementation plan stage.

"Once supply of gas commences to the off taker, Sumatec will charge an operator fee of 75 US cent per thousand standard cu ft (MSCF) supplied at well heads," said Sumatec in a filing with Bursa Malaysia yesterday.

you all dun get Ayam tua wrong . he every counter go post this Pasti tuju langit one....aiyoyoyo

Lu tambah serbuk cuci lor dream . Wish u good luck. Wa tala diu skl analyst one. The time they talk good . Is the time u get ready to sell la.

What china factors ? Putin Russia so high level talks out with saudi. This time dun look like blow water.
Their intention to get non opec to work with opec.. do u think shale developer will response, coperate n compromise

before that tiger mentioned before Tan sri mau use Sumatec clean balance sheet to do the biz.
but i dun think now will be privatize lor...Tiger any good news from suma gas field development ?

http://www.cnbc.com/2016/09/05/live-japan-warns-brexit-may-push-companies-out-of-britain.html



Live: Oil spikes as Saudi Arabia says signed deal to seek cooperation with Russia

Our so call long term investors balls kena squeeze kaw kaw already....

When will release the news ? Tiger

Dragon bruce ciakap betul ... ini feng shui believe leih....itu nirvana pinya plot if you sell to get profit....is like you earn money from dead person....manyak pantang ini aiyoyoyoyo.....

Dragon , wa ingat Bruce lepas tengok you pinya negative posting ...lia takut lor....kikikiki lu sikalang bukan jaga reban lor..wakakakaka

lu sula cut kuku juga ah ?

dragonslayer Aiyo Leo...dun play play lor...ingat manyak shiok ...nanti juga tak jadi billionaire...all lam tiao tiao....cry apah ...cry amah...cry atok...cry grandma.....wakakaka....ki ki ki
05/09/2016 16:37

unless bruce know suma will drop further ....lia jual sikalang nanti sapu balik ...untung juga lor

brent moved up 3 percent
http://www.cnbc.com/2016/09/05/tropical-storm-hermine-could-impact-oil-gasoline-inventories.html

bruce walau sula lari ga.....potong kuku ga

apasal Dream lu each counter li pegi ciakap Lagi turun ah? lu ala glotec ?

Friday suddenly vol come. ala olang keep selling at 0.095..

bruce jelung sula tau u mau lari...lia sikalang push down lor....lu patut ciakap lu mau pegang itu saham back to 0.14 . lu mau subscribe RI...ini maciam ciakap...jelung wont push down lor

aiyoyoyoyoy

Sumatec management can always propose ri below 0.1 again .

Below 10 cents now. Still got hope ? Ri minimum 0.1 proposal is gone case

This time press down can touch 0.07 bo ?

Ozzie jelung lor u tak tau siapa ah

http://www.bursamarketplace.com/index.php?ch=ch_themarket&pg=pg_tm_stocksss&ac=2771&sch=ch_stocks_ownership

sumatec share ownership

sula naik kereta still want top up ah ? top up to naik kereta ah ? kikikiki

no

dream lu pinya lady luck ala lor WB 0.04

dropping

baru one week pun tala sula pakai deeply regret ...cut loss now la.. rugi sikit saje...can prevent suffer for whole life...good deal?

bruce itu egypt mumies bole jual berapa harga....

Dun put too much hope unless their holding in suma more than 5 Percent...

1738analyst post link promoting software leih ....bole tolong ban him ah...these people should trade on bursa using their software lor if so good the software. Dun come here to cheat people pls. Quit your job now n trade yr money with yr software. Tq.

But institution holding in sumatec is very small portion of shares only..not event 4 percent right ?

bila mau tiger show ini.......

What is the link to check suma share holder ? Can share ? Nomanland

Aiyoyoyo epf mau sapu suma ga ?

Where u guys saw this ? Mara got share in sumatec ?.dragon mara n tan sri satu group pinya la...u tak tau ah.....

Dragon already pek chek lor...less steady lor....kikiki not like itu robot eagle..ah dream ..very cold very steady aiming at its prey...kikikiki

Aiyoyo bruce lu sula tak bole tahan ga.....

What is prefences share ? Can explain ?

Can be tan sri pinya proxy juga....