agreed with u SK...somemore pax waitg at station 60...he...he...thats why need to warmup the loco engine early tday...

he..he..first part done...

hv to come early tday...lot of work before end of the mth....he...he...so must eat green so stay healthy..

Good Mrng...he...he..

Some people still hard to swallow the reality that this PN17 company holding oil reserved of nearly 200mbbl if buzneft transaction go thru. Comparing with other O&G counter n spac like 'bungaraya'...which is our next target after sona-rita...he..he..

he..he... here is one of my loyal pax...The faithfull SJ...

I had asked my pax to 'sleep' since at station 28-30 end of last year.... now they thought they still dreaming with their investment almost double and still ride with 'old' loco..he..he..and most of them still 'sleeping' and holding to their seat...

What is capital if 129mbbl of oil assets is under yr arm? ...he...he..this is oil company not shipping company...

@think_big, ...hmmm just wait end of this mth...all plan of taking out suma from PN17 was approved by Bursa including the PP....he...he..seems everything was on track for 'merdeka celebration'...

Great help ozzie75, tq...old man like me slow in IT but fast in making money....he...he..U got all the facts guys! not my word but Suma own true facts.

@Steady, If u know better than me than I salute u....he...he...
profit should be no problem with debt free sumatec which at least 100-150bpd flowing per day from first well beginning of this year. If we register profit this quarter which a done deal from 'figure' that 'we' have. Our new loco should be ready by sept. Imagine that u hv 200m litre of water n u need to drain it in 10 yrs time. The only obstacle was how fast u can create the outflow pipe? but with HS, project completion ahead of time was his favourite...he...he..RM5 before 2018..

Shiaobao10 I am in this suma party too...=)
but I just have some questions to ask...
what is the quality of oil reserve in Kazakh? is it high in sulphur? is it good quality of oil that suitable for airplane? does anyone know about it?
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Shiaobao10,
The quality of oil in Kazaks was as good as Brent. Density 47 with 0.1 sulphur content.
.....He...he....Thats why it is 30USD per barrel profit margin. Hope answer yr question.

Ref : Sumatec Homepage, Investor Relation - Company Presentation to media on Jul 2013 if I not mistaken.

mmk79 @Looiks, how do u come out the figure 200mbbl? THought the new oil field is 68mbbl according to CD!?

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mmk79,
As I said earlier oil reserved was near 200mbbl, Initialy Rakushechnoye reserved was 98mbbl then after certification found extra 30% which ended up to 129mbbl. Buzneft hv around 68mbbl which pending on data certification by Suma. This 2 oil field wl make a total of 197mbbl to suma which need to be extracted within approx. 10 yrs. With 200mbbl, u need to extract 20mbbl per year which wl make a profit of 600USD (30USDx20m) excluding gas revenue. More than that, u hv to do yr own calculation. My info is not something to 'goreng' the counter but based on facts given by CD.......he...he..Another one coming to make it above 200mbl...one step at a time...

.Ref : Sumatec homepage, Media- The Edge Financial dated 24th June, 11 July 2014.

derrick, thats is what we projected. Compare this counter with coming O&G Spac, this counter like waitg for listing like IPO, suma with oil reserved and new coming spac without anything,only so called 'connerstone investor that hv lockup period. Price abt 75 plus free warrant. Suma still below 60 with nearly 200mil oil reserved with Buzneft. People trying to get 'something with hope' at 75 next few days... yes suma hv a lot of shares and coming RI but without that all the price wl go beyond rm10 and untouchable for many...So for 'us' here exiting PN17 wl be like a new IPO where big guy will be retail n those enter before PN17 wl be 'connerstone investor'.....he...he..hv a good ride guys...

iplay, windscreen cleaned for 'merdeka celebration', nxt 2 weeks the track progress report coming..he...he..'wisky alpha n bravo' also ready for backup...

wait for the nxt 2 weeks....

getrich, later u wl know who is the driver....he...he..

he..he....nice to watch...

alpacino, not really there wl be 'sell on news' on this suma as most of the shares being hold on block (big guy) as in the edgeweekly but may be small fry practise that concept n big boys wl be expecting it to happened n accumulate. If u plan to keep suma for longterm that is good strategy rather than paying broker fees and then u wl be ended up buying at higher price. 'We' try to bring this train to station 80 and beyond before year end. he.....he... The seat on this coach hv been heavily booked by 'travel agency' n not much left for 'daytrippers'....but as usual this is not or buy call..maybe I'm 'right' and maybe I'm 'wrong' ..your choice..

Loco with more coach need a strong track foundation...especially with new powerfull loco coming...with new loco, we cant stop at every station...not economical ....he...he.. but one step at a time should be appropriate...

If u look at 'the weeklyedge' this week, confirmed that from 36 up to 505 there are block buyer as I said 'paperwork' on previous weeks..so do you think they wl sell at 55 or 60 or they wl be looking forward for the RI? expected 'buy on rumours, sell on news' after 'track progress report' n PN17?
...he...he...

As promised, station arrived at 50 and nearly back on schedule. he...he..our loco bypassed sona as expected n looking to station 80 before yearend...

lets wait for 'track progress report'...if on solid ground, no loco pullback expected....he...he..

too fast wl attract freeloader....not good...then after few days need me to clean the coach...

fifi, continuous journey should be better than charging up with unstabilised track ahead...he..he..

he..he.. happy at this level but need to confirm track layout progress before proceed to higher station...

good mrng, he...he... don put high hope that may make the engine overheated....step by step, no point charging if the track is not ready...wl dampened the pax confident..

one step at a time....he...he...churning 'new figure'.....

He...he... Just finished mtg at 3...

He...he... So can go back early like me....

He...he... 'Cleaning windsheild'., ask taxi driver when they cleaned their taxi windsheild? ..

Good Afternoon, tday my 'monday blues'... No appetite to eat vege...red meat better..after lunch wl clean the loco windsheild n eat beef noodle....he..he..

tq strategist, what I'm trying to say is that HS need more Borneo Oil than PDZ but since PDZ has moving into suma forum then I hv to explain whether it is rumours or fact. If no denial frm HS, go ahead buying PDZ but at this moment I can't see the direction of that company except on 'F&B'... he... he.. ok guys good night.. my love is here to pick me up. Nice talking to you all while waiting for her..

try googlegraphy.. lets see what happened if u look for 'Oil and gas pipeline in kazakstan'....but use image istead of web so u can see more on what I'm trying to say. atleast we could realised how smart HS is in 'googling'... he...he..

DH, as I said I was not good in geography but there is a network of gas pipeline hub in beineu town in that province to china and central asia or aktau which is the petro n gas hub and port at blacksea, We all know abt that methanol plant but where is pdz link to HS? or instead of HS need a tidy profit maybe PMB wl get more to dump pdz as they realised the competition is really fierce in that sector n use HS name to entice the investor.....or the profit HS make now in suma on his 29% is not tidy enough?...

Well DH, maybe I'm not good in geography but to use ship to transport oil in caspian sea wl bring u to no where..he..he.. HS interested in Rakushechnoye n borneo oil field was because it was onshore operation with ready avail pipeline to china and blacksea thus less cost in operation n transportation...I only dispute the statement of HS buying pdz as no fact or logic to attached it to suma...hope I'm wrong...

Take a look at above outdated i3 suma biz background n hv a time to go to suma past Q FR.... U wl get what I mean...

One question to tickle yr brain... If anybody here long enough in suma, what was suma activity in the past n why when HS tookover the company he sold all the shipping n maritime biz which is same as pdz? Why is the need of pdz in downstream if suma was the one that wl handle the methanol complex? I just need to see how pdz fit into suma or HS jigsaw?...,,I don eat everything people put onto my table...he..he..

He...he... Swim..eric...swim before the 'high tide' ends..... My statement not a buy or sell call as usual...

He...he... CNAsia got specialised on their field that worth buying but PDZ, I don see any benefit to Suma.... Crossed yr finger that HS wl not issue any denial on PDZ.... Good ngt guys....... "Money not come easy to me"....

He..he... What I can see PMB want out of PDZ n create the news to excite the market to make people take their position there...hopefully later there wl no news of denial frm HS as the small fry wl stuck on dry land by PMB....

ran777, I think that just an empty news. If u look back at sumatec, why HS previously sold all the sumatec shipping n maritime assets n now acquire pdz wth same shipping biz? What we know that mara had a bit share in suma as well as pdz but HS to jump again to services that make 'old suma' loss money wl not happened. At this time, his hand full of suma upstream activity n to acquire Borneo Oil. May I know what pdz could contribute to suma in term of revenue and HS is now looking for ways to acquire Borneo rather than spending his money to make a mistake like old suma management before he tookover. Like previous statement to bursa that suma wl stick to its direction as CD briefed to media..Furthermore why suma need a shipping service company where all suma O&G operations was onshore? .... He...he...

He...he... Hv a good weekend but remember... After all the GI Joe selling n PP issue... Suma still strong ended this week with modest gain...

Funny.... At this situation my 'leg' still interested to play...he...he

My leg coming....he...he

hv to go back to work...indeks start to recover... He...he

He...he..... Everybody waitg on what nxt?...... Expect unexpected frm suma...slowly phasing out shortterm ticket holder...

I don think my 2 mil pax is just wan to warmup the coach seat... They wl wait for the journey up north....he...he...

Nevermind.... He...he... As usual, I wl wait until they 'finished' their 'bullet'...

Sometimes bad news in the market is an opportunity to others... depends on which perspective u look at it..... he...he..