HS is selling at 0.05 sen!!!!!!!!!!!!!!! Damn he must be a desperado. We are holding on and he sold us all. What a captain. Ship is sinking and the captain is the first to jump ship.
How and when did you get into the oil and gas (O&G) business?
It’s not a new venture. I’ve actually been in the business for a long time, ever since my days with Sapura (which was then Crest). Over the years, I’ve travelled to nearly 40 countries looking for the right opportunities, and I’ve studied this area in depth.
What made you decide on Kazakhstan?
Of all the former Soviet Union countries, Kazakhstan is the most politically and economically stable. In terms of ease of doing business, the country ranks highly as well, although not many people are aware of this.
We also have to consider that the days of offshore oil are over. It is too expensive, and you can only be profitable if you have a huge oil field. If you are a small player and go offshore, you are finished. A large portion of reserves in Kazakhstan are onshore, so the cost is much lower. With the current oil prices, it makes more sense to look onshore.
Are you keen on oil opportunities in Malaysia or Southeast Asia?
Not at the moment. The opportunities are onshore. Rakushechnoye is also a big field, so we will focus on that first.
Where is the money coming from? You’ve spent about RM900 mil on Rakushechnoye.
(Laughs) It is my own money. It’s too late for me to get out now!
Do you think Sumatec’s board of directors would be keen on a company name change?
We can only try and see what they think. Why not?
How do you spend your free time and what is your working style? You’re known to be a bit of a workaholic.
(Laughs) I don’t have a particular style, and I work all the time. It’s what I do.
Some of the cheating cases ive seen did certain kind things, one is they issue shares, keep selling, free or cheap shares, another is keep selling shares, but dig the coffer. How they dig, depend on creativity
There are those who short company shares, then go to company and buy cheap shares to cover their position, of course these are not in bursa.
Sumatec (semua drop) is not a good name. MoneyGame is a good name. Straight ahead to tell investors it is a con counter with no real business. Honest enough
Sumatec in Rakushechnoye....... After deep deep deep drilling in your pocket... Then after pumping all your money out.... Someone just laughing at you while running away.........
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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....
Darth
7,496 posts
Posted by Darth > 2019-01-28 18:10 | Report Abuse
Stop Buying Ace Market and Rundown 2nd Liners.