Posted by SirLockCro > 2019-11-01 14:32 | Report Abuse

Now—---------------------------------------------------------------------------------------------------------

Posted by Wai7447 > 2019-11-01 14:43 | Report Abuse

Goodnight zzzzzz

Posted by eatsmall > 2019-11-01 14:50 | Report Abuse

wow..olang memukat di lautan Caspian..wow

Posted by sell > 2019-11-01 14:56 | Report Abuse

prince4 wasting time postings? Why no buyer?

Posted by sell > 2019-11-01 14:56 | Report Abuse

Who buy can replace HS?

Posted by lam > 2019-11-01 14:57 | Report Abuse

Acceptance of notice of suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited (MELL)(Suspension) ii) Notice of termination of the joint investment agreement dated 8 March 2012 for the development of Rakushechnoye Oil and Gas Field (JIA) (Termination)

Acceptance of notice of suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited (MELL)(Suspension)

ii) Notice of termination of the joint investment agreement dated 8 March 2012 for the development of Rakushechnoye Oil and Gas Field (JIA) (Termination)
Query Letter Contents
We refer to your Company’s announcements dated 30 September 2019 and 7 October 2019 in respect of the aforesaid matters.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1. The financial and operational impact of the Suspension and Termination on Sumatec group.

2. The expected losses arising from the Suspension and Termination.

3. The steps taken or proposed to be taken by Sumatec in respect of the Suspension.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully
Listing
Regulation

Cc : Market Surveillance Dept., Securities Commission (via fax)

We refer to your queries dated 10 October 2019 concerning the above matter.

1.The financial and operational impact of the Suspension and Termination on Sumatec group.

Financial Impact are estimated to be as follows:-

a) Termination of JIA will directly cause the expiration of substantial investment and forfeiture of deposit of Sumatec on the Rakushechnoye oil and gas field as follows:

The value of working interest at RM272.326 million,
Exploration and Development cost at RM201.263 million and
Performance Deposit at RM127.1 million
Total : RM600.69 million
b) The total loss which includes remedied estimates arising from COG’s complaints are estimated to be RM161million.

Operational Impact:
i) Forfeiture of the development and extraction right of hydrocarbons in the Rakushechnoye oil and gas field.
ii) It can lead to termination of the services and consultancy activities on gas development and production planning and implementation.

2. The expected losses arising from the Suspension and Termination.

Reply: A conservative estimate of RM761.69 million losses

We remain in contact with COG and MELL to seek their indulgence to give us more time and we believe our appeal to lift the suspension and termination notices can be given a positive results if we manage to resolve our current issues mainly caused by the legacy shipping debts, which should not have existed anymore since the last regularisation exercise of May 2013.


This announcement is dated 16 October 2019.

Posted by sell > 2019-11-01 14:57 | Report Abuse

0 sales how many qtrs?

Posted by zul > 2019-11-01 15:09 | Report Abuse

Abang sell .... sumatec apa pun tak ada sudah kosong ...tak ada contract oil and gas sudah terminate...bank account tak ada wang ...cuma ada hutang lapuk dan cuma ada kertas saham sumatec 0.005 saja...nanti count down lagi berapa hari kertas wang 0.005 pun hilang...apa pun tak ada....Aku islam ...islam haram judi...ada nabi muhammad ...kita ikut ALLAH tak akan kalah sampai mati...

Posted by strattegist > 2019-11-01 15:14 |

Post removed.Why?

Posted by strattegist > 2019-11-01 15:16 |

Post removed.Why?

Posted by strattegist > 2019-11-01 15:17 |

Post removed.Why?

Posted by Long9963 > 2019-11-01 15:18 | Report Abuse

Mnc hidup mnc hidup mnc hidup

Posted by shanghai1975 > 2019-11-01 15:19 | Report Abuse

hahaha~~

Posted by UntrustedLove > 2019-11-01 15:20 | Report Abuse

Har? Prince 4, netx 有起到bing bing piang? 吹很大哦哈哈哈哈

Posted by CityHuntEr > 2019-11-01 15:23 | Report Abuse

米有人要买新马泰？
http://klse.rajakamil.biz/2012/11/saag-share-suspension-from-nov-30/
https://www.thestar.com.my/business/business-news/2013/09/05/saag-to-be-delisted-on-monday/

Posted by strattegist > 2019-11-01 15:25 |

Post removed.Why?

Posted by CityHuntEr > 2019-11-01 15:26 | Report Abuse

大马三大民族- sumatec, daya 和 saag, hahahah

Posted by j450n > 2019-11-01 16:09 | Report Abuse

so no hope for sumatec la...

Posted by Tiong Kung King Zien > 2019-11-01 16:21 | Report Abuse

哼哼我起到4cent 卖掉，没有钱。

Posted by Haw Liao > 2019-11-01 16:44 | Report Abuse

that day got chance to sell dowan...

now chiak sai...

hahahaaa

Posted by Haw Liao > 2019-11-01 16:57 | Report Abuse

they see u as dumb money mah

Posted by Haw Liao > 2019-11-01 16:58 | Report Abuse

they are smart money

Posted by Haw Liao > 2019-11-01 16:58 | Report Abuse

dont play play

Posted by strattegist > 2019-11-01 17:24 |

Post removed.Why?

Posted by aris743 > 2019-11-01 17:25 | Report Abuse

good bye renong --- sumatex. see halim next time

Posted by king36 > 2019-11-01 18:03 | Report Abuse

Trading to stop on 7 Nov??
What's left to the shareholders???
Anyone can explain?
Thank you.

Posted by DreamCapturer > 2019-11-01 18:03 | Report Abuse

yah gah

Posted by DreamCapturer > 2019-11-01 18:04 | Report Abuse

bunttut bunttut itu maciam ah

Posted by cashflow > 2019-11-01 18:13 | Report Abuse

Such a shame to TSH. No one will enter his venture knowing he’s a scam.

Posted by buah_kurma > 2019-11-01 18:14 | Report Abuse

Dulu ade satu semut hari2 dia nyanyi lagu Sumatek pade saye.... Entah mane pergi dia sekarang.. Cbai betul

Posted by Bersatupigu > 2019-11-01 18:46 | Report Abuse

shark, wanna maintain sumatec due to PLUS.

Posted by topkek > 2019-11-01 18:47 | Report Abuse

Aiyo .. monday bole lapat 0.5 sen lagi ka ?

Posted by prince4 > 2019-11-01 18:53 | Report Abuse

SUMATEC娘娘说：本宫住PN17冷宫很久了。皇上你几时要放本宫出去？
SC太后说：不是哀家把你打入冷宫...你去问 bursa 皇帝吧..是他把你打入PN17冷宫。
bursa 皇帝说：朕已经宽宥了sumatec 娘娘在PN17冷宫不检点没听话 没给朕重组计划..朕也很难跟朝廷交代。先把SUMATEC娘娘打入大牢叫慎刑司处理。朕在给你6天给朕一个交代不然朕就把你贬为庶人送出宫外。
SUMATEC娘娘向MALAYSIAN TRUSTEES 答应， KERISMA 答应 ， CAPONE 常在和 PRIMA UNO 常在说：罪妾请求各位姐姐能放过妹妹吧....
MALAYSIAN TRUSTEES 答应，KERISMA 答应 ， CAPONE 常在 和 PRIMA UNO 常在说：sumatec娘娘偷了小主的钱，除非sumatec娘娘还臣妾钱，小主就放过你过往不追究还会向皇上求情。

Posted by scrown > 2019-11-01 19:15 | Report Abuse

https://www.theedgemarkets.com/article/sumatecs-board-remains-confident-keeping-company-afloat-says-halim-saad#.XbwKfaoVK2g.facebook

Halim is so positive, then who is behind to sabotage his efforts and not work together to bring back company lifted PN?

Posted by prince4 > 2019-11-01 20:05 | Report Abuse

scrown ，halim 在媒体用嘴巴讲没用..实际点丢钱进去救才是真的做...用嘴讲讲讲都是假的讲罢了....robert kuok 以前也是讲讲讲...有救transmile 和octagon 吗？ 亿万富豪halim 和robert kuok 都有共同点都是算死草一样的都知道钱难赚...他们做生意都很多公司很多业务个个业务分开个个公司都有知己的命运和福气，只要任何一间他投资做的生意失败就会让他去吧不管他大多数老板都是这样的。 一个好的老板不计较不自私有心的老板都会为股东早想他吃亏都会马上丢钱进去拯救公司的，就算慢了万一进入PN17都会马上采取行动出重组计划或丢钱进去快快解决...不会慢慢也没行动的！

Posted by prince4 > 2019-11-01 20:10 | Report Abuse

我在股市几十年看过数千间公司，只要欠小钱都会救，欠大钱过亿都是bye bye 的啦...

Posted by prince4 > 2019-11-01 20:31 | Report Abuse

Markmore Energy(Labuan) Limited 才是HALIM 99.99%持有,Concession Owner 在Caspi Oil Gas 也是Markmore Energy(Labuan) Limited独有子公司。Contractor: 的 Sumatec 开采，建造设备，融资贷款全部都是sumatec扛上亿的钱只能赚一点点渣。赚钱的只有 Markmore Energy(Labuan) Limited 。你说HALIM不是算死草吗？买sumatec 30% 放一些钱进去，halim是老板内部已经打算不还债主钱，股价高时候赚钱就脱售sumatec股份七七八八拿回本钱还赚上亿。Markmore Energy(Labuan) Limited 还取消sumatec Contractor 。Markmore Energy(Labuan) Limited 继续运作哈沙克施坦油田。你说halim是不是算死草老奸巨猾？

Posted by polycarp > 2019-11-01 22:05 | Report Abuse

https://m.youtube.com/watch?feature=youtu.be&v=dzgarq10p1k

Posted by cashflow > 2019-11-01 22:31 | Report Abuse

As expected, Uncle Halim wants to protect his image now, since he is going with new venture in PLUS

Posted by cashflow > 2019-11-01 22:34 | Report Abuse

Or he’s queued to collect back 0.5cents to gain back large stake before boosting price again after suspension

Posted by Ron90 > 2019-11-01 22:54 | Report Abuse

good example to show how stupid our Bursa and SC in handling con business like Sumatec.. still listing up until today..

Posted by cashflow > 2019-11-01 23:09 | Report Abuse

If Halim is confident in his statement, something is brewing

Posted by prince4 > 2019-11-01 23:23 | Report Abuse

cashflow 什么公司到最后要破产打包也是信心喊话的...哪里有老板讲自己公司烂，遭，要破产的...

Posted by Apalah > 2019-11-01 23:32 | Report Abuse

我手上有 100萬的 數量 能 怎麼辦？

Posted by prince4 > 2019-11-02 00:49 |

Post removed.Why?

Posted by prince4 > 2019-11-02 00:50 | Report Abuse

Apalah 我手上有 100萬的 數量 能 怎麼辦？
01/11/2019 11:32 PM

有票的人：你觉得有多少%会脱困你才决定选择：
1.你要不要卖掉拿回一点本
2.更他死过等博一搏能不能咸鱼翻身脱离PN17少输。
3.最坏打算就是输到血本无归

没票的人：股市将多廉价股能买，千万别去买PN17冷宫的sumatec搏。

Posted by SirLockCro > 2019-11-02 10:28 | Report Abuse

TSHal8m need to come clean before the gov. Decide on the PLUS...........

Posted by lam > 2019-11-02 12:56 | Report Abuse

OTHERS Acceptance of notice on suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited ("MELL")
SUMATEC RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description Acceptance of notice on suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited ("MELL")
The Board of Sumatec Resources Berhad ("SUMATEC") have received and accepted a notice from MELL that given the circumstances under which SUMATEC is dealing with matters still relating to shipping legacy debts which is affecting Sumatec Corporation Sdn Bhd (“SCSB”) obligation to the gas processing development activities under GDPA, all the gas processing development activities between MELL and Sumatec through its subsidiary SCSB is suspended until further notice.

This is to allow MELL and its subsidiary CaspiOilGas LLP (“COG”) to proceed on their own capabilities more smoothly and unhindered to continue pursuing the gas processing development endeavors in respect to the Rakushechnoye oil and gas field.

This announcement is dated 30 September 2019.

其他接受Markmore Energy Labuan Limited（“ MELL”）关于暂停GDPA规定的天然气加工活动的通知
SUMATEC RESOURCES BERHAD

类型公告
主题其他
描述接受Markmore Energy Labuan Limited（“ MELL”）关于暂停GDPA规定的天然气加工活动的通知
Sumatec Resources Berhad（“ SUMATEC”）董事会已收到并接受了MELL的通知，鉴于SUMATEC在何种情况下仍在处理与运输遗留债务有关的事项，这影响了Sumatec Corporation Sdn Bhd（“ SCSB”）的义务，根据GDPA的天然气加工开发活动，MELL和Sumatec通过其子公司SCSB之间的所有天然气加工开发活动都将暂停，直到另行通知。

这是为了使MELL及其子公司CaspiOilGas LLP（“ COG”）能够更加顺畅，不受阻碍地继续自身的能力，从而继续进行有关Rakushechnoye油气田的天然气加工开发工作。

本公告日期为2019年9月30日。

Posted by lam > 2019-11-02 12:59 | Report Abuse

OTHERS SUMATEC RESOURCES BERHAD (SUMATEC OR COMPANY) - NOTICE OF TERMINATION OF THE JOINT INVESTMENT AGREEMENT DATED 8 MARCH 2012 FOR THE DEVELOPMENT OF RAKUSHECHNOYE OIL AND GAS FIELD (JIA)
SUMATEC RESOURCES BERHAD

Description SUMATEC RESOURCES BERHAD (SUMATEC OR COMPANY) - NOTICE OF TERMINATION OF THE JOINT INVESTMENT AGREEMENT DATED 8 MARCH 2012 FOR THE DEVELOPMENT OF RAKUSHECHNOYE OIL AND GAS FIELD (JIA)
The Board of Directors of Sumatec (“Board”) wishes to announce that Sumatec Oil And Gas LLP (“SOG”), a wholly-owned subsidiary of Sumatec, had on 7 October 2019 received a notice from CaspiOilGas LLP (“COG”) terminating the JIA and Novation Agreement (as defined hereunder) effective 17 October 2019 (“Termination Notice”).

In the Termination Notice, COG has highlighted the constraints faced under the current financial and legal predicaments of Sumatec which impacted SOG’s ability to comply with its obligations to carry out appropriate investment/work programs and provide necessary funding for the Petroleum Operation under the JIA. COG has also requested SOG to revert on the following:
i) to confirm whether SOG would still be able to continue operating under the JIA;
ii) to provide assurance whether Sumatec would be able to regularize its financial position and set aside the winding up petition by its legacy shipping debts creditors (“Winding-Up Petitions”); and
iii) to provide appropriate remedy to resolve SOG’s deficiency under the JIA and offer credible plan on how to ensure the financing of Petroleum Operation at Rakushechnoye Field can continue smoothly in light of Sumatec’s existing PN17 status.

Notes:
1. On 8 March 2012, the Company entered into the joint investment agreement (“JIA”) with Markmore Energy (Labuan) Limited (“MELL”) and COG for the development and extraction of hydrocarbon in the Rakushechnoye Oil and Gas Field (“Oil Field”). The salient terms of the JIA include the following:
(i) Scope of works of the Company is to:
(a) carry out all operations related to the production of hydrocarbon (including liquid and gaseous hydrocarbons) (“Petroleum”) from the Oil Field (“Petroleum Operations”), for and on behalf of COG, to study, appraise, develop, and produce the relevant Petroleum reservoirs of the Oil Field.
(b) complete all operations to develop the Oil Field within the period from the date of the JIA up to 25 August 2025,
(c) provide all capital, machinery, equipment, technology, personnel and services necessary for carrying out Petroleum Operations;
(ii) The JIA shall come into force on the date of the JIA and shall expire on 25 August 2025 (subject to extension).

On 26 September 2017, the Company entered into a Novation Agreement with SOG, MELL and COG whereby the Company will transfers to SOG and SOG accepts and assumes all the rights, title, benefits, interest, obligations and liabilities of the Company under the JIA (“Novation Agreement”). The Company shall cease to be, and shall be substituted by SOG as, a party to the JIA. The transfer related to JIA include right and concessions, exploration and evaluation cost and non-current other receivables.

The Board after deliberation on the Termination Notice has resolved to seek the indulgence of COG from terminating the JIA and Novation Agreement as the Board is in the midst of finalising a plan to regularise the PN17 status and remedy the Winding-Up Petitions. The plan is expected to involve the following components:
(a) A fund raising exercise involving a rights issue to raise up to RM100 million;
(b) Proposed participation by the Company to build a gas processing facility for the processing of gas from the Oil Field; and
(c) A settlement arrangement with the creditors of Sumatec group involving a settlement amount of RM0.15 in respect of every RM1.00 owed to the creditors (“Settlement Amount”). In this respect, the Company will write to the plaintiffs for the Winding-Up Petitions to seek their agreement-in-principle for the Settlement Amount and for a stay in the legal proceedings.

The Company will make the necessary announcement on the details and further development of the above matters in accordance with the requirements under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in due course.

This announcement is dated 7 October 2019.

Posted by lam > 2019-11-02 13:00 | Report Abuse

SUMATEC RESOURCES BERHAD（SUMATEC或公司）-终止日期为2012年3月8日的Rakusshechnoye油气田开发联合投资协议的通知（JIA）
SUMATEC RESOURCES BERHAD

类型公告
主题其他
说明SUMATEC RESOURCES BERHAD（SUMATEC或公司）-终止于2012年3月8日签署的关于开发Rakushechnoye油气田（JIA）的联合投资协议的通知
Sumatec董事会（以下简称“董事会”）谨宣布，Sumatec的全资子公司Sumatec Oil and Gas LLP（以下简称“ SOG”）已于2019年10月7日收到CaspiOilGas LLP（“ COG”）的通知。终止于2019年10月17日生效的JIA和新合同（定义见下文）（“终止通知”）。

在终止通知中，COG强调了Sumatec当前财务和法律困境所面临的制约因素，这些制约因素影响了SOG履行其履行适当投资/工作计划的义务以及为JIA下的石油运营提供必要资金的能力。 COG还要求SOG恢复以下内容：
i）确认SOG是否仍然能够继续按照JIA运行；
ii）提供保证，确保Sumatec是否能够规范其财务状况，并保留其传统航运债务债权人的清盘呈请（“清盘呈请书”）；和
iii）提供适当的补救措施以解决JIA下SOG的不足，并就Sumatec现有的PN17地位，确保如何可靠地继续进行Rakushechnoye油田的石油业务融资提供可靠的计划。

笔记：
1. 2012年3月8日，公司与Markmore Energy（Labuan）Limited（“ MELL”）和COG签署了在Rakushechnoye油气田开发和开采碳氢化合物的联合投资协议（“ JIA”）。油田”）。 JIA的主要术语包括以下内容：
（i）公司的工作范围是：
（a）代表COG进行与油田生产碳氢化合物（包括液态和气态烃）（“石油”）相关的所有操作（“石油操作”），以研究，评估，开发，并生产油田的相关石油储层。
（b）在JIA之日至2025年8月25日期间完成所有开发油田的作业，
（c）提供进行石油作业所需的所有资金，机械，设备，技术，人员和服务；
（ii）JIA应于JIA生效，并于2025年8月25日到期（可延期）。

2017年9月26日，公司与SOG，MELL和COG签订了一份更新协议，据此，公司将转让给SOG，SOG接受并承担公司在JIA下的所有权利，所有权，利益，利益，义务和负债（ “合作协议”）。本公司将不再是JIA的当事方，并由SOG代替。与JIA有关的转让包括权利和特许权，勘探和评估成本以及非流动其他应收款。

董事会在审议终止通知后已决定寻求放任COG终止JIA和Novation协议，因为董事会正在最终确定PN17身份的正常化和清盘呈请的计划。该计划预计将包括以下内容：
（a）涉及供股的筹资活动，筹集至多1亿令吉；
（b）公司提议参与建设用于处理油田天然气的天然气处理设施的提议；和
（c）与Sumatec集团债权人达成的和解安排，涉及对每位欠债权人的1.00令吉的和解金额为0.15令吉（“和解金额”）。在这方面，公司将写信给“清盘呈请书”的原告，以寻求其原则上就和解金额达成协议并中止诉讼。

本公司将适时根据大马证券交易所主要市场上市要求的要求，就上述事项的细节和进一步发展作出必要的公告。

本公告日期为2019年10月7日。