Translate
27 October 2017
Tan Sri Halim Saad's Sumatec to effectively own the entire oil and gas reserves at Rakushechnoye
Sumatec's substantial shareholder Tan Sri Halim Saad owns a 99.9% stake in Markmore Sdn Bhd.
KUALA LUMPUR: Sumatec Resources Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png has entered into head of agreement with Markmore Sdn Bhd for the purpose of recording their understanding and intention in respect of the proposed purchase of entire equity interest in Markmore Energy (Labuan) Ltd for RM1.55bil.
In a filing with Bursa Malaysia, Sumatec said Markmore Energy, through it wholly-owned subsidiary, Markmore Central Asia B.V, holds the entire participatory in CaspiOilGas LLP (COG), which in turn the concession owner and operator of the Rakushechnoye oil and gas field in Kazakhstan.
Under a joint investment agreement entered between Sumatec, Markmore Energy and COG in 2012, Sumatec had been appointed to carry out all operations relating to oil production from Rakushechnoye, entitling the group the entire profits for the first two million barrels of production and thereafter 50%.
“The proposed acquisition is expected to enable Sumatec to effectively own the entire oil and gas reserves at Rakushechnoye and is expected to enhance the effectiveness and efficiency of its operations.
“The proposed acquisition is also a step in increasing the hydrocarbon reserves for Sumatec to arrest its natural production decline, thereby ensuring the company’s continuous growth,” it said. - Bernama
Read more at http://www.thestar.com.my/business/business-news/2017/10/26/sumatec-to-buy-kazakh-oil-fields-concession-owner-for-rm1pt55bil/#o6LrCjILO0dpyjs3.99
Popular Posts - Last 7 days
-
Ringgit advances as domestic optimism offsets US rate concerns Bernama 18/11/2024 Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzani...
-
Sugar overload: A growing threat to kidney function Bernama 16/11/2024 Approximately 3.8 mln Malaysians suffer from chronic kidney disease, ...
-
Warga emas maut ketika tukar tayar kereta di LKSA Astro Awani 18/11/2024 Tindakan seorang lelaki warga emas menghentikan keretanya di bahu ...
-
Bursa Malaysia dibuka tinggi, jejaki kenaikan di Wall Street dalam tempoh semalaman Bernama 22/11/2024 Keseluruhan pasaran adalah positif, d...
-
Bung Moktar, isteri diperintah bela diri tiga tuduhan rasuah Bernama 18/11/2024 Bung Mokhtar dan Zizie tiba di Istana Kehakiman, Putrajaya, ...
-
Malaysia to become leading hub for green investments, drive sustainable growth Astro Awani 20/11/2024 Minister of Housing and Local Governme...
-
More than 800 million adults have diabetes globally, many untreated, study suggests Reuters 17/11/2024 A person receives a free blood sugar...
Popular Posts - Last 30 days
-
McDonald's E. coli crisis reveals why vegetable contamination is 'harder problem' than beef Reuters 26/10/2024 Fresh produce is ...
-
CNN CBS AP BBC US PRESIDENTIAL ELECTIONS LIVE RESULTS: https://edition.cnn.com/election/2024/results/president?elec...
-
Kadar jangka pendek diunjurkan kekal kukuh disokong operasi BNM Bernama 04/11/2024 Hari ini, BNM akan menawarkan dua tender repo berbalik m...
-
Ringgit advances as domestic optimism offsets US rate concerns Bernama 18/11/2024 Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzani...
-
Sugar overload: A growing threat to kidney function Bernama 16/11/2024 Approximately 3.8 mln Malaysians suffer from chronic kidney disease, ...
-
Lyia Meta, the first Malaysian singer nominated in the Grammy Awards Astro Awani 11/11/2024 Lyia Meta continues to strengthen her position...
-
TikTok gives assurance to cooperate with MCMC, BNM to address cyberbullying, scams Bernama 14/11/2024 PM Datuk Seri Anwar Ibrahim meeting w...
-
The King of Spain was mocked, pelted with mud and eggs by flood victims Agency 04/11/2024 07:15 MYT King Felipe VI (with an umbrella) is pr...
Blog Archive
-
▼
2017
(3888)
-
▼
Oct 2017
(352)
- MoneyMatch has launched its “Transfer” portal, a f...
- A Monday afternoon downpour resulted in flash floo...
- Police detain 'Datuk Seri' who allegedly hit Rela ...
- Senarai MARKAH Top 12 Konsert GEGAR VAGANZA Minggu...
- Dato' Seri Vida Dedah Hubungan Mesra Bersama Pembantu
- Kasihan anak penyanyi Harris Baba, Aleena Ziya dit...
- Penjelasan Lelaki Dalam Video Ditampar Wanita
- : Police have arrested six men who were allegedly ...
- : A woman who threatened a council officer with a ...
- Woman arrested in Johor for prostituting daughters...
- Three Rela members who were assaulted by a "Datuk ...
- The ice truck that crashed into a van killing nine...
- Actor Producer Datuk Hans Isaac has called of his ...
- Goalkeeper gets red card for urinating beside his...
- Immigration DG on How To Hire A Maid Without An Agent
- Money Changer and Employee shot in the face
- Britain's Lewis Hamilton won his fourth Formula On...
- AirAsia Group chief executive Tan Sri Tony Fernand...
- Revoke Datuk Seri of man in Rela assault
- Nasib tak baik menimpa pelawak Nabil Ahmad apabila...
- Pengurus Kandungan THR Gegar, Nadira Azizan mening...
- A robbery suspect was shot on his thigh Saturday a...
- Konsert Gegar Vaganza 4: GV4 Live+ Minggu 1 29 Okt...
- A luxury sports car, a Porsche 944 Turbo, parked b...
- Malaysia Moto Grand Prix Dovizioso wins to keep ti...
- National divers Leong Mun Yee and Pandelela Rinong...
- The "Datuk Seri" involved in the assault of three ...
- KPDNKK today called on all associations, including...
- A "Datuk Seri" allegedly beat up three People's Vo...
- Status Minuman ‘Zero’ Alkohol Tiger Jadi Tanda Tanya
- Manchester City in 3-2 win at West Bromwich Albion...
- Thai police rescued a 19-year-old Malaysian woman ...
- Employers can save up to 50% by sourcing for forei...
- Some 1.8 million residents in southern Johor have ...
- "Parking Tepi Ke", Ini Respon PADU Riz Ulala Pada ...
- Spains PM Mariano Rajoy announces the dissolution ...
- Malaysia Budget 2018 Infographics - Understanding ...
- A woman died while five others were injured after ...
- Tunku Alang Reza Tunku Ibrahim, one of the suspect...
- A Tow truck driver was sentenced to death for murd...
- Shafie Apdal out on bail
- The JFK assassination (The actual footage) Rare / ...
- JFK Assassination files: US government releases so...
- President Donald Trump blocked the release of hund...
- An Asiatic black bear with a tongue so swollen tha...
- Tan Sri Halim Saad's Sumatec to effectively own th...
- Operasi Lalang in October 1987 - Decision To Arres...
- : The country's oldest woman, aged 128, died at he...
- Malaysia's Lee Chong Wei Crashed Out In The First ...
- Immigration Department arrest 80 foreigners, inclu...
- A motorcyclist died and two others were injured in...
- Several areas in Klang will be experiencing tempor...
- Efforts to help lost tapir end with its death and ...
- 45-year-old husband arrested after his wife lodged...
- Malaysian SEA Games Gold Medalist Diver Wendy Ng f...
- A 15-year-old boy was slashed to death and his thr...
- Ed Sheeran Kuala Lumpur and Singapore Show Dates W...
- To Avoid Possible Clash with Maghrib Prayers (6,58...
- Bekas Ketua Polis Negara Pula Dedahkan Aktiviti “9...
- Couple's 4 Year Daughter Molested after they left ...
- 6 Fungsi Aplikasi WhatsApp Ni Ramai Yang Tak Tahu
- WhatsApp Just Introduced Real Time Location Sharing
- Lebih baik Shafie terus mengampu Najib sekiranya b...
- Kamal tipu, kami putus - Emma Maembong
- Newly-appointed KL police chief Datuk Mazlan Lazim...
- Fuel prices are slightly higher across the board f...
- Pelakon filem Munafik dan Tombiruo Nabila Huda ter...
- Perunding Imej Bkay Nair Berdepan Pelbagai Ragam P...
- Zahirah MacWilson berkongsikan perbualan dengan Ka...
- Akhirnya Emma Maembong memberitahu hubungan cintan...
- SSelain Siti Nurhaliza, pelakon Eizlan Yusof juga ...
- Datuk Seri Vida not ready to accept PA's proposal
- South Korean singer Rain and actress Kim Tae Hee h...
- Singapore passport most powerful as holders enjoy ...
- Firsthand Look At An Immigration Raid In A Prostit...
- 68-Year-Old Man In Alor Setar Dies While Performin...
- Freakiest Penalty Conversion Ever Leaves A Thai Go...
- Survivors of the bus collision that claimed eight ...
- A man, believed to be homeless, has been arrested ...
- 28 persons conferred the Darjah Sri Sultan Ahmad S...
- The suspect who was confronted by residents for al...
- Video = Two leaders of the Malaysian Muslim Consum...
- Kim Jong-nam murder trial: Suspects taken to crime...
- 29-year-old could not remove his penis from a 500m...
- Cristiano Ronaldo Named Best FiFA Mens Player, Be...
- Datuk Seri Mohd Shafie Apdal will have to spend an...
- Online Sales person gets blasted by Sports Ministe...
- The Stewardess who was in an affair with singer Sh...
- A MAN was caught on camera sodomising a dog in Tel...
- Italian Gastronomy Week from 23 to 28 October 2017...
- Mat Sabu, satisfied with recent Anti-Kleptocracy ...
- The hostel of a tahfiz school in Kampung Bukit Lan...
- Outgoing MAS CEO Peter Bellew's press conference o...
- Biggest ever Premier League attendance see Tottenh...
- Stall offers vegetarian food for all… and free twi...
- Four people were injured when a taxi crashed into ...
- Final journey for Tan Sri YTL
- Man shoves a cleaner onto the train tracks.
- AF MEGASTAR Live Plus Minggu 8 (FINAL) 21 OKTOBER ...
- VIVO V7+ one of the best dual 4G Sim Selfie Phones...
-
▼
Oct 2017
(352)