O&G counter gains interest

BOG has identified MCSB, which is 100%-owned by Minetech Resources Bhd, as a “competent and suitable” contractor for carrying out the mining works. MCSB is currently undertaking mining excavation works at Selinsing gold mine at Sungai Koyan, Kuala Lipis in Pahang.Borneo

KUCHING: Interest in Borneo Oil Bhd’s shares picked up last week on progress in its gold mining activities.

The company saw its share price gain half a sen last Friday to close at seven sen. It was one of the most actively traded counters last week.