Dalton says the Buzachi fields present a very attractive proposition to Sumatec.
PETALING JAYA: Sumatec Resources Bhd signed a framework agreement with Abu Talib Abdul Rahman and Dr Murat Safin for the proposed acquisition of 100% interest in Borneo Energy Oil and Gas Ltd valued at US$250mil (RM800mil).
In a statement, Sumatec said the framework agreement gave Sumatec access to all data and information regarding parties and assets under the proposed acquisition for technical, legal and financial due diligence purposes.
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