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2016-09-07 14:33 | Report Abuse
also plans to drill 65 new wells over the next five years, going into a depth of 3,500m from 2,500m previously
However, its plans will depend on whether oil prices can recover to at least the US$50 per barrel level, according to Chan.
2016-09-07 14:32 | Report Abuse
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.
2016-09-07 14:29 | Report Abuse
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.
2016-09-07 14:21 | Report Abuse
dragon lu mau ciakap baik itu suma lor...baru itu harga boleh naik lor..wakakaka
2016-09-07 13:48 | Report Abuse
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.
2016-09-07 09:56 | Report Abuse
this 3 years we were not updated by sumatec on this Gas project status correct ?
2016-09-07 09:50 | Report Abuse
"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.
2016-09-07 09:41 | Report Abuse
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.
2016-09-07 07:14 | Report Abuse
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.
2016-09-07 07:12 | Report Abuse
ttp://m.thesundaily.my/node/233829
2016-09-07 07:11 | Report Abuse
What is the above mentioned gas project status now ? Mell suppose to pay usd 45 m to sumatec ? Now is end of 2016
2016-09-07 06:55 | Report Abuse
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.
2016-09-06 21:13 | Report Abuse
you all dun get Ayam tua wrong . he every counter go post this Pasti tuju langit one....aiyoyoyo
2016-09-06 18:42 | Report Abuse
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.
2016-09-06 10:51 | Report Abuse
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
2016-09-05 22:18 | Report Abuse
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 ?
2016-09-05 21:38 | Report Abuse
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
2016-09-05 21:17 | Report Abuse
Our so call long term investors balls kena squeeze kaw kaw already....
2016-09-05 21:16 | Report Abuse
When will release the news ? Tiger
2016-09-05 17:43 | Report Abuse
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.....
2016-09-05 17:31 | Report Abuse
Dragon , wa ingat Bruce lepas tengok you pinya negative posting ...lia takut lor....kikikiki lu sikalang bukan jaga reban lor..wakakakaka
2016-09-05 16:44 | Report Abuse
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
2016-09-05 16:35 | Report Abuse
unless bruce know suma will drop further ....lia jual sikalang nanti sapu balik ...untung juga lor
2016-09-05 16:34 | Report Abuse
brent moved up 3 percent
http://www.cnbc.com/2016/09/05/tropical-storm-hermine-could-impact-oil-gasoline-inventories.html
2016-09-05 16:22 | Report Abuse
bruce walau sula lari ga.....potong kuku ga
2016-09-05 13:20 | Report Abuse
apasal Dream lu each counter li pegi ciakap Lagi turun ah? lu ala glotec ?
2016-09-04 22:00 | Report Abuse
Friday suddenly vol come. ala olang keep selling at 0.095..
2016-09-03 20:25 | Report Abuse
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
2016-09-03 11:02 | Report Abuse
Sumatec management can always propose ri below 0.1 again .
2016-09-03 11:00 | Report Abuse
Below 10 cents now. Still got hope ? Ri minimum 0.1 proposal is gone case
2016-09-02 22:53 | Report Abuse
This time press down can touch 0.07 bo ?
2016-09-02 22:41 | Report Abuse
Ozzie jelung lor u tak tau siapa ah
2016-09-02 21:17 | Report Abuse
2016-09-02 15:19 | Report Abuse
sula naik kereta still want top up ah ? top up to naik kereta ah ? kikikiki
2016-09-02 15:12 | Report Abuse
dream lu pinya lady luck ala lor WB 0.04
2016-09-02 12:51 | Report Abuse
baru one week pun tala sula pakai deeply regret ...cut loss now la.. rugi sikit saje...can prevent suffer for whole life...good deal?
2016-09-02 11:32 | Report Abuse
bruce itu egypt mumies bole jual berapa harga....
2016-09-02 07:35 | Report Abuse
Dun put too much hope unless their holding in suma more than 5 Percent...
2016-09-02 07:27 | Report Abuse
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.
2016-09-02 07:19 | Report Abuse
But institution holding in sumatec is very small portion of shares only..not event 4 percent right ?
2016-09-01 21:56 | Report Abuse
bila mau tiger show ini.......
2016-09-01 18:57 | Report Abuse
What is the link to check suma share holder ? Can share ? Nomanland
2016-09-01 18:46 | Report Abuse
Aiyoyoyo epf mau sapu suma ga ?
2016-09-01 17:34 | Report Abuse
Where u guys saw this ? Mara got share in sumatec ?.dragon mara n tan sri satu group pinya la...u tak tau ah.....
2016-09-01 17:31 | Report Abuse
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
2016-09-01 16:55 | Report Abuse
Aiyoyo bruce lu sula tak bole tahan ga.....
Stock: [SUMATEC]: SUMATEC RESOURCES BHD
2016-09-07 14:39 | Report Abuse
question here , Did PP money is spend on new well drilling now ???