@triloos bila u punya QA mau dating...dah penat tunggu nih

Chin Aik If it's about the QA, aren't sumatech much potential?? They already gotten their oil contracts. But, recently sona seems like ppl accumulating.. For window dressing or some ppl knew that QA alr on the way?? It's up to u to judge. :-)

Suma problem because it is PN17 company...many restrictions on such company...also many bad sentiments, bad reputation...

once they show FY13 and Q1FY14 is profitable and also spudding of oild field...am sure it will go up

oil rig travelled 4400 km, gonna reach soon

probably by end-Feb they have to sell...so that new chairman boleh mashuk!!!

Good thing is once done...a better hand will mashuk sumatec...

Biasa lah those 2......

Once out from PN17....a lot of restrictions gone....bidding for fields, local / foreign fund buys, etc.

@derrick...when poor man and yanyana back for sure something cooking....but they will ask ppl sell....coz they wanna buy...wakakaka

Rig arrival early next week and spud for oil coming!!!!

Bad news??? U gotta be kidding???!!!

Yawn...no QA for another few months I would say...

As they say....tin kosong paling bising lo...

Next month RM1???? Ni nak suma kena uma ke?

Profit taking from Contra kakis

unexpectedly very bullish...wow....miss d boat

wait for tekad favor

dragonslayer Aiyo prcwifefe, Simu got said yesterday mah........shld be anytime liao at site...then 1 week set up.....then see result lor.....how many tong oil dapat lor......ha ha ha

aiya simu also say last time naik lift...naik sampai tingkat 7 freefall....up to u lo....

see afternoon can hit 0.45 or not...all time high for daya

once news about Norge buys....I think some other foreign investor might also buy in thru open market...that's the good thing...hehehe

Rm0.55 - RM 0.6 is possible in medium term

RM1 too far fetch lah

but right now @ 10am still more bulls than bears

@derrick sorry I still think it will go down...unless the rig already in place -- which I don't think so

....and its going...

sudah masuk itu tekad trap

afternoon time the EU Nrge might buy as usual

Mr dragon....

Mr Rashid said sumatec akan mengambil alih 5 telaga yg beroperasi skg (1 telaga 120bpd ---lima anggaran 600 bpd (600x100x3.2=rm192,000 p/day revenue for sumatec)

But need to factor in the operation, overhead, logistics, costs....
Meaning market price USD100/barrel...but maybe one can profit Max USD 30/barrel...(even less normally)

sumatec akan mengambil alih 5 telaga yg beroperasi skg (1 telaga 120bpd ---lima anggaran 600 bpd (600x100x3.2=rm192,000 p/day revenue for sumatec)

Profit margin baru 30% of USD100

Rough timeline to acquiring a QA....

1-2 months to make appraisal and shortlist....
1-2 months site visit and engage independent consultant to appraise short listed fields...
6-9 months due diligence and field monitoring....(depends on how many quarter they want to follow....at least 2 quarters minimal)

8-13 months to getting QA, I.e. Mar '14 until Aug '14....

Wait for the tekad mulia sell down....that's the best time to buy

http://www.upstreamonline.com/epaper/article1348957.ece

Long term RM3+ can even be realized.

Semua petroleum engineer day kena halau....tinggal sorang aje...

@Rashid who is the current chairman?
.....Kena tunggu did blah dulu right....Balu boleh baru chairman

Najib jadi PM pun kena Park Lah bangun tidur, blah dulu....

Same lah here

This thread become rojak...not only SUMA topic but other misc. topic also in

Agree 100%

Yes, c&w is history....but they will make train ride at the start v bumpy....and they make tons of money out of it.

This one resign....but take note bottom sentence....got 3 mill++ shares....my bet this one also will throw soon....of course good news is some news faces coming abroad..

13/01/2014

WAN MOHAMAD SHUKRI BIN WAN AB KADIR

44

MALAYSIAN

Director

Independent & Non Executive

Resignation

Completion of Regularisation Plan

No

No

Member of the Malaysian Institute of Certified Public Accountants (MICPA) and Malaysian Institute of Accountants (MIA).

He has more than 18 years of experience in audit work in particular tax audit, insolvency and corporate finance.

NONE

NONE

NONE

holds 3,270,000 ordinary shares & 717,500 warrants B 2013/2018 in the Company

I think early bird maybe some momentum....but I worry tekad tak mulia later throw when just when everyone naik the train

Recently c&w throw WA.....guess what's next

Wed early bird can make some money I believe....got some momentu....After that c&w make angpow money

Contra folks.....Brace for selling from tekad soon....oil rig won't arrive this or next week...

4000km from croatia ....end of this month

so fast??? another 6-7 days?

sell...before directors sell...then by that time rugi...can buy back lower

Buy buy buy

Walao step

He obviously missed the point. This is brown field, not green field.
The field got proven oil, no doubt.

Thank you Rashid for explaining, the new well, still need explore....

If ppl start to buy just because start drilling...only benefit tekad mulia....they rub their hand in glee and throw

If harga naik due to drilling cannot sustain....
If drilling then later find hydrocarbon baru can sustain...

Oil E&P probability of finding oil less than 40%...
Example the hibiscus case.

Not so fast for sure...next month...

Kalau short term trading...better go to sona, thheavy, CLIQ...more news flow, speculation

If got QA limit up liao dey

Banyak lagi director nak jual....lelong lelong...

Yes, go ahead buyyyy

already 5months ++