Good good good YK John

U help me, i help u.kikikiki

Suma-sudah ada profit + out PN17 , oil reserves more than 100Mbbl @0.465 only

Sona-masih rugi RED, oil reserves 30Mbbl, offshore for 40% stake only @0.480

CLiq-tiap tiap Qtr RED, tiada QA yet @0.630

Hibuscus- this Qtr RED, belum ada oil production lagi @1.540

Reach-tengah cari QA @0.665

So,APA LU MAU LAGI?????

A very good morning to all the hard core Sumatrians.

We all follow our taiko TSHS since day one from taking over Suma to exit PN17 to becoming a large independent O&G company.

Who else want to follow? Our Taiko new train gonna start to move lioa. Kikiki

SUMATEC-UPLIFTMENT OF PN17 STATUSSUMATEC RESOURCES BERHAD
LISTING'S CIRCULAR NO. L/Q : 71393 OF 2014

SUMATEC has regularised its financial condition and level of operations and no longer triggers any of the criteria under paragraph 2.1 of PN17 of the Main Market Listing Requirements.

After due consideration of all facts and circumstances of the matter, Bursa Malaysia Securities Berhad has decided to approve the Company's application for an upliftment from being classified as a PN17 company. 
SUMATEC will be uplifted from being classified as a PN17 company effective from 9.00 a.m., Tuesday, 2 September 2014.

Huuuraaaiiiiiiiii...
Bursa approve to plift pn 17

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1727565

Let all those freeraider buang semua share dulu. Kikiki

Remember there is no free lunch in this shark and ikan bilis game.

Reference is made to the announcement dated 11 July 2014, in relation to the framework agreement entered into between the Company with Abu Talib bin Abdul Rahman and Dr Murat Safin (collectively, the “Vendors”) for the purpose of pursuing the proposed acquisition of 100% of the issued and paid-up share capital in Borneo Energy Oil and Gas Limited (“BORNEO”) from the Vendors.

On behalf of the Board of Directors of SUMATEC, M&A Securities Sdn Bhd is pleased to announce that the Company had on 28 August 2014 agreed to enter into a conditional share purchase agreement (“SPA”) with the Vendors for the proposed acquisition of 100% equity interest in BORNEO, comprising 100 ordinary shares of USD1.00 each in BORNEO (“Sale Shares”) for a purchase price of USD350,000,000 (equivalent to RM1,120,000,000) to be satisfied by a combination of cash and ordinary shares in SUMATEC (“SUMATEC Shares”) (“Proposed Acquisition”).

The purchase consideration of USD350.0 million comprises of:-

(a) USD250.0 million for the Buzachi Neft Oilfields (as defined herein) with a proved and probable oil reserves of 68.86 million barrels of oil at USD3.63 per barrel of oil; and

(b) USD100.0 million for the Ancillary Assets. Ancillary Assets comprises:-

(i) the non-current assets of Buzachi Neft (as defined herein) (which includes but is not limited to oil and gas wells, processing facilities, roads and artificial islands, buildings and constructions machinery and equipment and vehicles) with a net book value of USD75.9 million based on its unaudited financial statements for the financial year ended 31 December 2013; and

(ii) Limestone Production Quarry (as defined herein) which is worth at least USD25.0 million. Under the terms of the SPA, SUMATEC shall appoint an independent valuer to value the Limestone Production Quarry to confirm the value of the Limestone Production Quarry to be at least USD25.0 million.

In addition, under the terms of the SPA, SUMATEC shall acquire BORNEO and Buzachi Neft free from all indebtedness and encumbrances (including but not limited to borrowings, trade payables and tax liabilities).

In conjunction with the Proposed Acquisition, the Board of SUMATEC proposes to undertake the following:-

(a) Proposed renounceable rights issue of up to 2,298,582,440 new SUMATEC Shares (“Rights Shares”) together with up to 2,298,582,440 free detachable warrants (“Rights Warrants”) at an indicative issue price of RM0.40 per Rights Share on the basis of one (1) Rights Share for every two (2) SUMATEC Shares held together with one (1) Rights Warrants for every one (1) Rights Shares subscribed (“Proposed Rights Issue with Warrants”);

(b) Proposed offer for sale of up to 727,272,727 SUMATEC Shares to be issued to Abu Talib bin Abdul Rahman, pursuant to the Proposed Acquisition, to the substantial shareholder of SUMATEC, namely Tan Sri Halim bin Saad (“Proposed Offer for Sale”);

(c) Proposed increase in the authorised share capital of the Company from RM1,000,000,000 comprising 7,142,857,143 SUMATEC Shares to RM2,000,000,000 comprising 14,285,714,286 SUMATEC Shares (“Proposed IASC”); and

(d) Proposed amendments to the Memorandum and/or Articles of Association of the Company to facilitate the Proposed IASC (“Proposed Amendments”).

(Collectively, the “Proposals”)

Further details of the Proposals are set out in the attachment attached herein.

This announcement is dated 28 August 2014.

RI

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1725733

Bravo Bravo, good show good show, good counter.

Expecting to close Doji today.

QR Tonite kah? Or tomorrow nite? Any reliable source?

Only idiot and brainless will link HS legal suit and Sumatec together. FOrtunately, many of Sumatrians' eyes are bright to differentiate and tell.

Who d idiot keep throwing warrant? Where got warrant now so cheap almost 0 premium.

Mother naik, Idiot warrant tidur, mother tak ubah atau jatuh sikit saja, itu warrant terus vomit kao kao. Really tak faham

Capt Looiks, any idea how good is the QR? Profit ada RM10m or more or less than that?

Apa pasal itu warrant? Mother naik, dia tidur, Mother tak ubah atau jatuh sikit, dia jatuh kao kao.

Capt Looiks, mind to share how much oil reserves SKpetro have? Thx

Capt Looiks, ur 'paperwork' maksud 'ikan besar' kah?

don't fully subscribe to your Remiser. Most of them are very conservative. They dare not to advise their client to buy Sumatec because they think is speculative and under pn17. They wanted to protect themselves and not afford to lose out thier clients. That's their job.

But we know if we don't take this chance to buy whilst it's still in pn17, it will be expensive once Suma is coming out from that bondage.

Good stocks to buy and hold. Just follow Alphajack.

Ifcamsc +Sumatec.

Ya masih cheap cheap sale now. Kikiki.

SLow and steady. No need to hurry.

Very good. Maybank sudah kasih TP at least 0.42. Many IB will follow suit.

Undervalued gem just going to explode now

CLock is ticking...is getting nearer and nearer each day to exit the Door of Doom and enter into Door of FOrtune.

Volatility getting more and more fierce.

Get your long term ticket now whilst still selling cheap or buy expensively later. Kikiki

Yesterday panic buy, today half an hour after market open panic sell. Kikikiki

Only strong Suma believers will continue to hold on to this future gaint independent O&G company no matter what happen. If this minor Tsunami SUma also can't hang on, then how can it move forward to become a gaint?

Flush out contra kaki early early in the morning.

Yes heng333 it's game over. BUT it was yesterday (also not due to Suma Biz). Suma still intact and sound and today Suma start afresh and gonna fly again.kikikiki

Chinese saying "Big tree attract winds". Suma gonna transform into giant independent O&G in years to come and because of that, it also attracts a lot of envy jealous hatred from many other similar field player.

Dsonicc, do you mind to share with me as well as i also have been closely following your postings besides askforwhy and Pavilion.

COntra kaki sudah kena lah.kikikiki

Thx Ozzie75

@Ring, where u got the Suma news? Pls share link here.

Yes 1901, listen to Alphajack (he is Financial Analyst) . This is a very good counter to invest into. Guarantee give investor superb return.

Suma just need to take a very good rest before moving further up. Small dip expected and nothing to worry about.

THose who play contra only got to worry but those who bought life Suma ticket, just relax jer.

Good side counter IFCaMSc to consider. KikikiKi

It's all about timing ger. Tungguu

Tungguuuuuuu, let sellers habis jual dulu.

Good counter like tis guarantee will go up.

Capt Looiks masih cuci loco Suma lah sampil tunggu loco baru sampai. Kikiki

Wah Son not moving at all. Mother sudah banyak jalan

Slowly and steadily climbing up better than riding a roller coaster.

It's normallah. Ppl sell on good qtr earnings. It will go up and fly later after all those who r selling for small profits. Guarantee will pass 0.3 in no time.

We want a steady and consistent uptrend like what Suma is performing now. Sudden spike and excessive spike continuously without any basis to substaintiate such upward trent is very dangerous to follow.

Remember what Suma have in beg.

Hope to close at station 610.

What a pity old ah pek. Everytime he shout something here, Sumatrian here immediately throw grenade at him booming him here and there. Poor fello

Grap Son fast fast before someone grap it.

Mother move already. Son still sleeping

If u listen to followme1955, he will bring you to Holland kikikiki

Suma train heading towards CLiq Station and probably will reach there by tomorrow. Kikikiki

Edging up slow and steady.

Very G.Morning to all Sumatrian. A new chapter gonna begin in just another half an hour. Say bye bye to station 5 and will head to station 6.

For those window seater, do look left and right and remember to say Hi to Cliq and Reach Station. Kikiki

It's just news trying to press down the share price so that big shark can eat more and after they have eaten enough, only then news to say Fuel Sub got the contract. Normallah.

After Sona, next target is Cliq and Reach. Both are 0 asset currently but trading above 0.6.

Suma with more than 100Mbbl oil reserves potentially only trading at 0.59. What is the logic?

So, tuunnnnnggguuuuu Suma gonna overtake both of time in no time.