Globaltec share price unchanged on planning work for Tanjung Enim PSC
04 Aug 2017 / 11:14 H.
PETALING JAYA: Globaltec Formation Bhd's share price remains flat at 5.5 sen this morning on news of its Australian Securities Exchange listed subsidiary NuEnergy Gas Limited approval to prepare its plan of development for Tanjung Enim Production Sharing Contract.
As at 11am, Globaltec’s share price stood at 5 sen with 2.81 million shares changing hands. It has a market capitalisation of RM323 million.
Globaltec was the most actively traded counter yesterday.
The announcement is a significant milestone for the Globaltec group's aspirations to deliver its first coal bed methane supply.