any direct deal transaction ?

tak tau lia main apa la press down to 5 cent....close shop pinya harga ini....

jackpot
? sure boh.....

Kiok Kiok Kiok mean what strategisst ?

strategisst Aiyoyo....mammoth ni sulah mau kiok kiok kiok...wa punya pandangan itu macam... aiyoyo
13/12/2016 22:17

aiyo dragon pinya anai anai come back here

sikalang buyer know your company chase money by bank lor...still can negotiate apa good selling price ?. ciakap bohong pun talak pakai otak.

delay in selling vessels due to sumatec want to negotiate good selling price...sula berapa bulan ini ? negotiate apa lagi niama. ?

wait oil at 100 la n sumatec no close shop...sure up. because now management not sure oil is in uptrend or not.

you know la old people not dare to take risk. no balls one...may be they are calling saudi to reconfirm on its production cut. still checking if saudi want to push up oil ma.. may md proposed to be safe. let us wait oil at 100 usd then only we open well. now better close all wells n wait.

demand growth in 2017 is 1.2 Million..+ opec and non opec cut 1.8 Million.

total 3 millions barrels of oil ini...

And while the market has been laser focused on the oversupply situation, world demand continues to grow. The International Energy Agency predicts that world oil demand will grow by 1.2 million barrels per day in 2017 (in line with 2016) after increasing by 1.8 million barrels per day in 2015. The market looks much better balanced in the second half of 2017 with some forecasting the oversupply to disappear even sooner.

http://www.cnbc.com/2016/12/12/60-oil-and-the-winning-stocks-commentary.html

oil price down . lia kasi ikut turun

But oil price up . seems like got nothing to do with sumatec.

closed at 0.05....

40 cents

ahboy tomorrow all oil n gas up up up...but not sumatec lor...

vick every time you post sell wor...i thought u selling ...
so u post sell....at the back u buy n keep la....so smart you.

Leoleo rakushechnoye oil field by aug 2014 will have 12 well ready. one well produce 150 barrels daily . 150 x 12 = 1800 barrels perday wor....
11/12/2016 19:08

anyone can tell below information is true or not true ?. aug 2014 that time oil is still at above 100 usd.

Leoleo Initial works such as improvements to the road access, pad locations around each wellhead, well clean up works, and formation evaluation (wireline logging) activities started in February 2014. Rig operations at the field started in April 2014.

Up to 12 wells are expected to be ready for production by August 2014 and three sidetrack wells will also be drilled by end of the year. A target production capacity of 2,000 barrels per day (bbls/d) is expected by 2014 and peak production of 9,000bbls/d is expected within four years. Around 17 billion cubic feet per year of gas production is expected within three years.

Sumatec will supply around 120 million standard cubic feet per day (mmscfd) of gas to a potential gas buyer by 2017, whereas the excess gas produced from the field will be re-injected into the reservoir for pressure maintenance and reservoir drive.
11/12/2016 18:31

they can be hiding something. 1. no oil n gas at all. 2. they hide all the oil production for the pass 2 years may be stored in oil tankers. or hide the money some where else.

you go see glotec gas project quarterly dev reports . you will know what i mean.

ozzie sumatec profit report is one black box. jus one figure for profit for gas contract. wat did they do all this while no mention on oil field project report. all these quarter reports are manipulated. see my previous post on sumatec oil fields . now we have no idea how many wells is working on both oil field n what is the total daily production output. is the gas assets will bring in income for sumatec on 2017 ? all these info management all this 2 years had no mentioned to public at all. every quarters jus mentioned how many profit from gas contract.

the most pk n dns management.

aiyoyoyo

Al-Falih made his announcement after non-OPEC countries agreed to reduce production by 558,000 barrels a day, suggesting he had been waiting for the deal before committing to further cuts. The non-OPEC reduction is equal to the anticipated demand growth next year in China and India, according to data from the International Energy Agency.

"I can tell you with absolute certainty that effective Jan. 1 we’re going to cut and cut substantially to be below the level that we have committed to on Nov. 30," Saudi oil minister Khalid al-Falih said after today’s meeting.

The Saudi minister said he was ready to cut below the psychologically significant level of 10 millions barrels a day -- a level it has sustained since March 2015 -- depending on market conditions.

https://www.bloomberg.com/news/articles/2016-12-10/non-opec-joins-opec-in-first-global-oil-output-cuts-in-15-years

Saudi Arabia signaled it’s ready to cut oil production more than expected, a surprise announcement made minutes after Russia and several non-other OPEC countries pledged to curb output next year.

rakushechnoye oil field by aug 2014 will have 12 well ready. one well produce 150 barrels daily . 150 x 12 = 1800 barrels perday wor....

As for the Buzachi Neft field, it is producing 780 barrels a day at present. Out of the 26 wells, seven wells are already producing, there are five more wells that can be brought to production.

http://themalaysianreserve.com/new/story/sumatec-carry-oil-field-production-expansion

md said that before 2017 will have income from gas...tapi all this while no work report.... sumatec operation are not transparent.

all this information still valid ga ?

. Initial production for the first work-over well commenced in January 2014, and the production capacity of the well is estimated to be 150 barrels of oil per day.

Sumatec will supply around 120 million standard cubic feet per day of gas to a potential gas buyer by 2017."

Initial works such as improvements to the road access, pad locations around each wellhead, well clean up works, and formation evaluation (wireline logging) activities started in February 2014. Rig operations at the field started in April 2014.

Up to 12 wells are expected to be ready for production by August 2014 and three sidetrack wells will also be drilled by end of the year. A target production capacity of 2,000 barrels per day (bbls/d) is expected by 2014 and peak production of 9,000bbls/d is expected within four years. Around 17 billion cubic feet per year of gas production is expected within three years.

Sumatec will supply around 120 million standard cubic feet per day (mmscfd) of gas to a potential gas buyer by 2017, whereas the excess gas produced from the field will be re-injected into the reservoir for pressure maintenance and reservoir drive.

http://www.hydrocarbons-technology.com/projects/rakushechnoye-shelly-oil-and-gas-field/

halim only top up when sumatec 50 cents la.... sikalang halim want to selll.
you do not know him meh ? when 50 cents . news halim want privatetise sumatec will surface.....kikiki..


TheMiddle hs wanna top up liao
11/12/2016 11:52

non opec cut 562k barrels. this bring total of 1.76 m cut...lia skl lagi ciakap oil price up is short term ka....

http://www.cnbc.com/2016/12/10/reuters-america-update-3-opec-non-opec-agree-first-global-oil-pact-since-2001.html

http://www.cnbc.com/2016/12/10/opec-secretary-general-sets-deal-with-non-opec-countries-to-cut-output.html

opec cut deal ler wor....nia ma still want come out bad news meh....people waiting to buy leh...kikiki

dream kita mau suma ngang la....aiyoyo something wrong with this share...really want to push down to 1 cent.... merge 10 to 1.ah...any benefit for halim to do this ? ah boy . nomaland can think think ?

brent go sky rocket next week ....tapi sumatec ala mali ga ?

non opec n opec sure got deal minimum cut 600 k barrels...1.2 m barrels lagibbagus

mau itu ah lick pinya goat weed balu bole leih lu...

lu ciakap ah......lu sendiri pinya pun tak bole ngang leih....

aiyo so good deal...apasal suma share price 5 cents pinya.....aiyoyoyo lupa lupa olang tak percaya lia itu good deal kot....

apasal ini maciam katak besar jumping on the roads one...

the purchase consideration represents about US$1.74 (RM6.95) per barrel of oil equivalent.

DNS The net production now reached how many barrles ? tala report on this pun....

The parties to the heads of agreement signed on Friday agreed in principle that the purchase consideration for the proposed acquisition would be US$205mil and that Sumatec would reimburse the US$45mil in gas development expenses incurred or to be incurred to fast-track the monetisation of the Shelly field’s gas reserves

3.

Based on the 2P oil and gas reserves as certified by SRK Consulting (Australia) Pty Ltd in May 2014 and adjusting for the oil reserves effectively owned by Sumatec under the profit sharing, the purchase consideration represents about US$1.74 (RM6.95) per barrel of oil equivalent.