Sumatec plans rights issue to raise RM52.24m
www.thesundaily.my 26-Oct-2015 6:00 AM
PETALING JAYA: Sumatec Resources Bhd is planning to place out 348.27 million new shares, or 10% of its issued and paid-up share capital, to raise RM52.24 million to finance its upstream oil and gas (O&G) operations in Kazakhstan.
In a stock excha...
Sumatec upbeat on second half performance
www.thesundaily.my 12-Jun-2015 6:00 AM
KUALA LUMPUR: Upstream oil and gas player Sumatec Resources Bhd expects to establish a steady revenue stream in the second half of the year on increased drilling activities.
"We're still doing okay, operations are steady," its CEO Chris Dalton told r...
Sumatec optimistic on second half performance
www.thesundaily.my 11-Jun-2015 4:00 PM
KUALA LUMPUR: Sumatec Resources Bhd expects to establish a steady revenue stream in the second half of the year on increased drilling activities.
Its first-quarter net profit ended March 31, 2015 jumped more than four fold to RM19.44 million from RM4...
Sumatec to miss RM1b revenue target
www.thesundaily.my 9-Apr-2015 10:00 AM
KUALA LUMPUR: Oil and gas firm Sumatec Resources Bhd's will miss its initial revenue target of RM1 billion by 2015 by a mile, with it only likely to be in sight in the next two to three years given the current low oil price scenario.
"We were in (bad...