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Tuesday, November 26, 2013

Sumatec shares get Markmore boost (Jupiter)

Sumatec Resources Bhd shares saw brisk trading yesterday on increased expectations that privately held Markmore Sdn Bhd is on the verge of making a major announcement this month. Two years ago in November, Sumatec inked a  deal with Markmore Energy (Labuan) Ltd (MELL), a unit controlled by Markmore and whose directors are Halim and  Abu Talib Abdul Rahman. Halim holds a 99.9% stake in Markmore. Subsequently, Sumatec told the stock exchange  that it had entered into a framework agreement with MELL for the proposed award of a project by the latter’sunit,  CaspiOilGas LLP. CaspiOilGas is the concession holder and operator of the Shelly oil field in Kazakhstan. Btimes

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