NKN1' what u trying to say is if Oman fail, bungaraya will sink!?

Another 500M share + 507M share (current) + warrant = wow 1.3B at least. EPS must be at least 18cents. To get 15 cents that means net profit need to be 0.15 x 1.3B = 200M per year. Wow if don't strike oil on 2nd well. Hahahah.........by then, nobody will take up new CRPS, hence the management will push down the price to attract investor. Beware.....usually smart management will select the most confident well to drill first. Since first fail, we can't avoid 2nd may fail as well. Like chinese say " change soup but never change ingredient". Don't bash me, im just trying to put the possibility outcome.

If fail, it will be another KNM. Gosh! Better watch out.

Hopefully it jack up is not for big shark to dispose. If new approved RM500M CRPS nobody taken unless 2nd well success, else the price will push lower to attract FI to invest. The maturity date for new CRPS is til 2015. Still long journey to observe. But one thing im doubt, why the good news came out the day after resume trading on bursa and Rex. Why don't come out at the same time? Really not transparent enough from the management. Anyway, this counter will turned into goreng counter soon. Good luck guys.

Every private placement or CPRS must have moratorium with maturity date. It must have term and condition else either party will jeopardize the company performance. Correct me if i was wrong flowerpower. I couldn't if 2nd well fail again and when CPRS matured, ha....what will be the share price. Again pray for the best prepare for the worst.

Skyle you are right. This is difference case. Can't compare at all. But creditability is the major concern for an investor. I believe if 2nd well result is positive. This stock will spike double at current price. But a question for u Skyle, if 2nd well fail, what will happen to bungaraya then. We always should pray for the best, prepare for the worst. For those CPRS holders, they are not allow to sell the stake if they participated in CPRS that is why u don't sell major share holder selling their stake. But i prefer to monitor for few weeks before invest into bungaraya. Very scare of roller coster.

Need to close monitor tomorrow to get cheaper price to keep for 3 years. I strongly believe this stock will gain 500% return in future. Good luck guys. Better to sleep now, hope for better bargain tomorrow morning.

Damn, system dont allow to buy/sell on suspended stock only tomorrow morning can trade. Want to collect from 180/175/170/165/160/155/150/145 and 140. Each bid 10K share. Don't know tomorrow morning can get or not. All sifu, do you have any idea?

Anbz no point to argue with idiot like u. Later i become idiot like u as well. Cheers buddy idiot Anbz.

Anbz. Pls compare the market capital not price idiot! 3B vs 0.5B share means 0.265 x 6 = 160.

Those contra player bought at 210 or 215 sure panic on coming monday. So pity. Lost 20% if monday slide again. Have to find Ah Long to pay.

Bought sumatec recently from 028 to 0265. Consider to hold for 3 years as well. Suma is difference, suma confirmed got oil, is the matter of time to bring to production. Once she lifted from PN17', she will shoot up.

I love gambling. If no oil you probably lost 70% of your investment. If hit oil, wow you get at least min 300% return. Bought back at 200 today. Ready to hold for 3 years. At the mean time, will reload every month, treated as saving. Cheers guy.

Seems that Flowerpower also shake coz no coffee or capucino or kitkat today.

Discovered diamond perhaps!

Become sumatec forum. Haha.

Almufathal, tipu dosa tau.

DJ up 292. Why in red? Almufathal?

Chinesetea talk like a man. Give a Like to you. Sumatec and Bungaraya will print money for u guys in 2 years time. Don't worry if you are investors.

If no oil price drop to 130. If strike oil, price = infinity. Either you lose 50% at current price or double or triple up you investment. This is definitely better than genting casino. Cheers guys!

CT if make up stories also can get production license from Matsalleh? Do u think Matsalleh bodoh ke?

Tomorrow limit up. Everybody happy. Nobody force you guys to chase the height. If you trust bungaraya management, why you worried so much. Look at SKpetro when the price fall to 350 on Sep Fed concern and look at the price now. Get the ticket and go to sleep. Check the price again after 6 months. As long as non of the director dispose means this counter still solid. Cheers guys. This morning q at 200 couldn't get, revive to 214 when spotted rebound on 208.

Perhaps satelite data provided by Rex in well 1 and 2 are similar. So, if well 1 result not positive, they will not proceed well 2 to save cost. Maybe currently their lab engineer is taking the sample to analyze and management is busy to discuss what should announce to the public. If this week no announcement better prepard to cut loss guys. Its attemp is very important for company reputation hence to proven Rex technology is 90% accuracy. Good luck guys.

Another major sell down tomorrow.

To be specified is 1 lot = 100 units. Profit 30% after accumulated 6 months. Will accumulate again if drilling result is positive. Good luck to all.

Disposed at 2.60 1000 lot today. Coz receive a info said drill 1 and 2 nothing discover at the moment. Good luck to all.

The chart is similar to Dayang if you view Dayang chart from Jan 13 until Dec 13. It will go thru few waves. Finally it reached RM5.6 today 13 Dec 13. Better buy now before it reach next wave which is RM3.30.

Lloylim why dont you push the price up, make the counter active, so everybody can dispose to you.

I like ur style NRobert. At least you speak the truth. No motive at all. Not like other ppl comment for own benefit.

If tower project delay to 2015. Haha, gone case for instaco.

You know why the price will not sustain when shoot up? Coz the directors too selfish. They cover their own ASS. They will dispose again when the price hitted their target. So, why you guys will invest in insincere company.

Dont worry. When it reached 0.30, the directors will dispose again.

Bslim RM10.00. Hold tight.

From the price movement, i think it still in correction mode.

Sell on news.

Warrant 9cents coming soon. Look at the volume. Getting less and lesser.

If short term can reach 0.50, directors won't disposed like there is no tomorrow. Wake up la friend. Don't dream.

Unexpected the support at IPO price is strong. Good sign.

Hopeless counter. Sink by own creaction.

Steve you show state EPS

We lost money because of their selfishness.

I guess Iris will go to mainboard first.

Eric if everyone pump, when dispose time, who gonna buy? 800 become 80 LOL.

Eric if suma fly to 0.48, you know the shark have to pump in how much? If every 0.05cents average 5M share. So shark has to pump at least more than 200M. 200M x RM0.40 = RM80M. Wow, dont dream unless miracle happened.

Those eric bought counter we better skip.

I will pick Sumatec coz is O&G. Sumatec will double up easily if they start produce oil. High risk, high gain. At least the founder never dispose his share.

EAH also met. But they never rush to transfer and the director never sell his stage. The price never surge yesterday means this counter is really dead for now. I guess it needs few months to back to 0.35 if no disposal from director and with good news. Else this counter is hopeless. So i decided to put into the fridge for 6 months to 1 year. If the price fall below 0.22 i will collect. Be patience, don't rush to buy now.

Guys, confident of this stock were totally ruined by director and RHB. Better buy MKLand or EAH.

Suddenly pop up so many experts to condemn this counter. I think they are better than IB. Perhaps they wish to get lower price. Haha.

Not. But don't know they will dispose in the future or not. Bare in mind, there are 2 more substantial holder which hold 35% of share. Will they dispose or not is a big question mark. Have to close monitor, if they dispose we have to dumb ASAP.