Be steady! sumatec 2 billion debt is a small case if compare with armada debt 96 billion. It can flying up when enough job operation money. At that time no problem to pay the debt. SMILE....
If they produced 5000 bbls per day xUSD65 (average) x 90 days, revenue should at least be USD 29 million. Assume lifting cost half of it, profit still about USD 14.5MM
End of the day. Most likely Sumatec was used to siphon out Money instead of drilling oil. SC have to clarify what was the contract between Khazakstan oil field with Sumatec if at all there was one.
Our SC has got a big problem if you ask me. They know what has been happening but choose to keep quiet. Many hidden hands in SC likely making money from the side.
HS trying to swindle. He’s not competent to run the business. He could have obtain license to sell curry puff in Kazak, at least can make see some Revenue
HS must be shameful to pledge and not deliver. A loser. He better have a positive statement to cool down investors with Q4 revenue and regularsation plan.
HS cannot escape. A lot of retail investors expecting an explanation over his pledge. I don’t think he wants to be seen being sued and viraled in social media. After all reputation and legacy matters
That's not the biggest issue. Where is our SC (Securities Commission) and Bursa Malaysia is involved with so many companies listed knowing what was happening but ignored making money on the side.
The Group operates in a single reportable segment. It is essentially engaged in the management and oversight of the oil production operations at the Rakushechnoye Oil and Gas Field in Kazakhstan, and the provision of a study, design and planning of an integrated natural gas monetization programme in preparation of the exploitation of the gas / condensate in accordance to a detailed full field geological and geophysical study of the entire oil / gas concession area.
Lama sulah siakap ini sume tii.. semua mati ho ho ho .. itu lori talak angkat minyak lagi ho ho..loli losak .. minyak talak kuar lagi ho ho.. itu halim ini saat pun sulah susah mau kontek ho ho . Kikiki . Talak bisnis lagi ho ho .. sape itu SC . . Wa puchi tau ho ho
Most Ong company can't Cari makan........ Petronas capex reduced....... Government funds restructure...... No more kwsp, kwap............. Bnk loan .........byk sangkut..... ..........alternative yg Ada spt yg d buat oleh saprngy....tu pun klu Ada aset.......!!!!??? merge pun org Tak Suka......just tunggu mati berdiri je lah .......... bungkus.,...........!!!!!!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tongkarat
7,588 posts
Posted by Tongkarat > 2018-11-30 08:26 | Report Abuse
Aiyoyo...