Sumatec Resources Berhad

$REACH / 5256 (REACH ENERGY BERHAD)
$SUMATEC / 1201 (SUMATEC RESOURCES BERHAD)

Comparison among field basin reserve between owner in Kazakhstan

case studies

$DNEX / 4456 (DAGANG NEXCHANGE BERHAD) once own small portion Ping Petroleum decided to dispose all shares but making u turn acquire 90% of Ping later on.

$SUMATEC / 1201 (SUMATEC RESOURCES BERHAD) once joint operation with mell, borneo energy producing oil at the rakuschenoye field kazakhstan. later on proposed to acquire 100% field concession.not just that they also proposed to acquire buzachi field owned bu buzachi neft

for $REACH / 5256 (REACH ENERGY BERHAD) case, there is rumours on company to dispose emir oil ,kazakhstan for rm1.3bil. however company decided to retain.


what to learn from here?

if asset is good people wont dispose.if really Reach kazakhstan is not good asset then rm1.3 bil is already good hand.

$REACH / 5256 (REACH ENERGY BERHAD)

Chapter 2 : Why Reach likely to become next $HIBISCS / 5199 (HIBISCUS PETROLEUM BERHAD) and unlike to become $SUMATEC / 1201 (SUMATEC RESOURCES BERHAD)

1) Hibiscus and Reach own concession while Sumatec was in joint operation.
2) Reach survived good and bad time of oil price volatility. They dont stop making production while sumatec halt operation due to lower oil price
3) Kazakhstan is 12 biggest oil reserve in all countries aktau is one of biggest reserve hold in kazakhstan region.
4)Shareholder have high interest in concession

$SUMATEC / 1201 (SUMATEC RESOURCES BERHAD)

ON March 22 2022, the Minority Shareholders Watch Group (MSWG) received a heart-wrenching email from a minority shareholder holding 200,000 lots of shares in Sumatec Resources Bhd (Sumatec).

© New Straits Times Press (M) Bhd

$SUMATEC / 1201 (SUMATEC RESOURCES BERHAD)

Delisting of Securities

SUMATEC - DE-LISTING OF THE ENTIRE ISSUED SHARE CAPITAL OF SUMATEC FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATORSUMATEC RESOURCES BERHAD ("SUMATEC" OR "THE COMPANY")
- DELISTING OF SUMATEC FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") PURSUANT TO PARAGRAPH 16.11(2)(D) OF THE BURSA SECURITIES MAIN MARKET LISTING REQUIREMENTS ("MAIN LR")

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATORSUMATEC RESOURCES BERHAD ("SUMATEC" OR "THE COMPANY")
- DELISTING OF SUMATEC FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") PURSUANT TO PARAGRAPH 16.11(2)(D) OF THE BURSA SECURITIES MAIN MARKET LISTING REQUIREMENTS

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

KUALA LUMPUR: Trading in shares of oil and gas company Sumatec Resources Bhd remained suspended after it failed to announce its quarterly report for the period ended June 30, 2021, by the extended deadline.

KUALA LUMPUR: Trading of oil and gas company Sumatec Resources Bhd will continue to be suspended after it failed to announce the quarterly report (QR June 2021) for June 2021 on or before Thursday.

SUMATEC - CONTINUED SUSPENSION

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

SUMATEC - CONTINUED SUSPENSION

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

$SUMATEC / 1201 (SUMATEC RESOURCES BERHAD) - Adverse opinion

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

SUMATEC - CONTINUED SUSPENSION

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

KUALA LUMPUR: Trading in the shares of Sumatec Resources Bhd will continue to be suspended after it failed to submit its third quarterly report for the period ended Sept 30, Bursa Malaysia Securities said.