TP mother go up 0.54 and son hit 0.165 today Cheers

i have monitor this stock for around few month... its time to rebound.. either dec 13 or jan 14... maybe i am wrong.. you may try to collect your info/data start now onwards.. one more good news coming.. if that news is true, it will go beyond 0.6 but i dono what's the TP next

be ready!!!!!

0.60 coming

1st qtr 2014

No problem.. CF can be hit by tomorrow or next week early. Going to have foreigner invester enter this stock.. Be ready and fastern your seat belt. Cheers

boring already

sama sama...my friend said this week but pandarian said next week... no worries la.. just enter some and wait for shoot higher... their TP quite high

all exercise price adjusted for dayang warrant... no worries.. still can enter some.. hopefully mother go down to 5.5 today... need enter some again

okay... i wait at the bottom :) still left 7 days to go..

Mid, price enter will be good at 0.10 - 0.105? issit safe to enter at 0.11?

goreng pisang goreng pisang....

Mid, your TP?

hmm... i think 0.19 should be bottom already...3 weeks low.... its time to rebound above 0.2

im full of confident with this stock. TP 0.7, next TP 0.9, TP 1.5 Next year

My friend ask me look at this stock tomorrow... show time... i not sure true or not la.. look see look see ba tomorrow :)

ok. will enter more tml

yes!!!! tomorrow OPEN GAP!

mid, estimated when will shoot?

it will continuously up up and down a bit...up up and down a bit until TP 6 in short term, TP 6.7 before CNY

TQ noraini.

no need to fight.. it's just few cent changes but we keep on argue for nothing... if you believe this counter, just sell your underwear and enter this stock, we aim for TP 1.50, not 0.30 / 0.305 / 0.33 / 0.4 .... cheers

waiting mama noraini info today

beli balikkkkk suma....tec tec is still the best~

trap...

hahaha... me 2

im naked now...

ok sell done

ok i sell now also. follor dragon

seems like ending still laosai

just wait for the right time..nothing to worry for this stock..

midtermtrader, still possible to drop below 0.1 ?

Anyone can brief some about this stock?

5.75 today

Posted on 11 December 2013 - 05:37am

Rupinder Singh
sunbiz@thesundaily.com
Print

PETALING JAYA (Dec 11, 2013): Sumatec Resources Bhd, a Practice Note 17 (PN17) company, which is 24.9%-owned by once influential businessman Tan Sri Halim Saad, will develop gas resources at the Rakushechnoye field in the Karakiyan District of the Mangistau Oblast, Kazakhstan through a partnership with Markmore Energy (Labuan) Ltd (MELL), also owned by Halim.

MELL is a wholly-owned subsidiary of Markmore Sdn Bhd, whose directors are Halim and Abu Talib Abdul Rahman. Halim holds a 99.99% stake in Markmore.

Sumatec yesterday signed a gas development and production agreement with MELL, which sees Sumatec developing and delivering to MELL the gas development, implementation and production plan that will meet the minimum supply requirement of 120 million standard cu ft (MMSCF) of gas per day to a commercial off-taker by 2017.

Under the deal, Sumatec will charge MELL a fee of US$45 million over three years from 2014 to 2016 for works carried out under the gas development and gas implementation plan stage.

"Once supply of gas commences to the off taker, Sumatec will charge an operator fee of 75 US cent per thousand standard cu ft (MSCF) supplied at well heads," said Sumatec in a filing with Bursa Malaysia yesterday.

The deal follows a joint investment agreement (JIA) signed in March 2012 between Sumatec and MELL and CaspiOilGas LLP, which paved the way for Sumatec to enter the oil and gas (O&G) sector.

MELL owns CaspiOilGas, which has been given the rights to develop and extract O&G at the Rakushechnoye onshore oil field.

The JIA stipulated Sumatec should carry out all operations related to the production of hydrocarbon from the oil field and complete all operations until Aug 25, 2025.

Sumatec said the proposed gas development will allow the group to unlock the value and monetise the gas resources at the Rakushechnoye field. It is also expected to result in Sumatec enjoying a steady stream of income from the gas resources in addition to its oil revenue.

To fund its O&G activities at the Rakushechnoye oil field, Sumatec raised RM453 million via a new shares and rights issue last month as part of its regularisation plan to exit its PN17 status. The group has been in the red for the last five years and has been categorised as a PN17 company since April 2011.

Sumatec's regularisation plan saw the entry of Halim after the completion of the new shares and rights issue.

Shares in Sumatec rose 3.51%, or 1 sen to close at 29.5 sen yesterday, following the announcement. It was the day's most active counter, with 137.53 million shares done.

Meanwhile, Bernama reported Sumatec CEO Chris Dalton as saying that he expects the group to turn profitable and exit its PN17 status in the financial year ending Dec 31, 2014 (FY14).

The group expects to achieve RM86 million profit in FY13 and RM69 million in the FY14.

"We are confident of achieving the profit because the number for this year is on the restructuring that has been completed and the profit for next year is based on our oil development which is on plan," he told a media briefing yesterday.

Dalton, however, said the estimated profit for FY14 excludes the profit contribution from its agreement on the proposed gas development in Kazakhstan.

internally approved but yet to announce the date

full of confident with this stock... TP 6 in short term is not a problem... earliest this week... maybe next week should be hit TP6

no worries.... it will rebound to next TP

http://www.theedgemalaysia.com/business-news/266800-positive-outlook-for-dayang.html

Thank you looiks...take off soon

@Fooksing Wong, my friend from CIMB also tell me the same thing.. hope it can hit 0.3 above today after so many good news

i know, cause yanyana will enter 10000lot ...sure shoot lol

Going to touch 0.33 !!! hohoho

No worries... yesterday pull down before market close because still need to accumulate more at cheaper price before it FLY... hit my target today.. :)

maintain my TP for today around 5.6 - 5.75

http://www.thesundaily.my/news/901425

http://www.theborneopost.com/2013/12/10/dayang-signs-major-contract-with-shell/

MIRI: Dayang Enterprise Holdings Bhd (Dayang) has signed a major contract worth around RM2.5 billion with Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Co Ltd (Sabah Shell) at Imperial Palace Hotel yesterday for hook up and commissioning (HUC), and topside maintenance works.

The contract has a five year duration contract with an option for a one-year extension.

At the signing ceremony, Dayang was represented by its executive deputy chairman Ling Suk Kiong while general manager of Shell Nnene-Anochie had signed the contract document on behalf of Shell.

Ling in his address said the Shell contract which was awarded to Dayang is the single largest job secured by the company to date.

“Today is indeed a very meaningful day for us at Dayang. We have completed the negotiations, firmed up all the loose ends, and signed the dotted line with Shell.

“The award of this contract is much like a point of inflection for us at Dayang. It shows that we are now capable of handling the bigger jobs being offered.”

He further said that Dayang’s Shell contract was one of the few contracts under the Pan Malaysia cluster of contracts awarded in May this year.

He added that Dayang has secured an excess of RM4 billion worth of jobs under the Pan Malaysia cluster.

“While we have worked hard over the years to build on our strengths and capabilities, we could not have made it thus far without the help and trust of oil majors in the industry.

“This is a strong testimony of how far we have grown over the years.” Meanwhile, Dayang’s share price is now in excess of RM5.30, giving the company a market capitalisation of about RM3 billion.

Read more: http://www.theborneopost.com/2013/12/10/dayang-signs-major-contract-with-shell/#ixzz2n1fHGYQB

relax

tml hit 0.6

boring