Fly back to 0.15?

i bought this counter because MAS is in very deep shit and with all with cloudy news, nothing is cheaper than MAS and i can buy in very big volume. Liquidity is big issue when it comes to big volume.

The CFO must be very busy tonight preparing the answer.

18. Source of fund for the Protasco Advance and whether the remaining
shareholders of PT ASI will also make any advancement on a proportionate basis.
If none, please provide the basis thereof.
19. A statement by Protasco on whether the Profit Guarantee of USD22 million is
realistic, upon taking into consideration the historical performance and future
prospects of PT ASI.
20. A statement to confirm whether the Proposed Acquisition signify
diversification in operation to Protasco Group pursuant to paragraph 10.13 of
Main Market Listing Requirements and the basis thereof.




21. A statement on whether the directors and/or major shareholders and/or
person connected with a director or major shareholder have any interest, direct
or indirect, in the acquisition and the nature and extent of their interests or
an appropriate negative statement.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully



KHOO KAY KWAN
Vice President, Issuers
Listing Division
Regulation

HTH/BL

copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)

We refer to your Company's announcement dated 30 January 2014 in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-

1. Basis and justification for Protasco to acquire 63% equity interests under
the Restated SPA as opposed to 76% equity interests under the Original SPA
entered into on 28 December 2012.
2. Based on the Original SPA dated 28 December 2012, the acquisition of 76% in
PT ASI for USD55 million valued PT ASI at USD72 million. However, based on the
Restated SPA, the acquisition of 63% in PT ASI for USD22 million valued PT ASI
at USD35 million. In this aspect, please provide a detailed explaination for
the decline in valuation of PT ASI from USD72 million to USD35 million.
3. Basis and justification for Protasco to enter into the Restated SPA as it is
noted that Due Diligence is still ongoing pursuant to announcement dated 16
January 2014.
4. Rationale for preparing the 5 months FPE 30 May 2013 results.
5. To provide detailed commentary on the LAT incurred for 2012 and 2013.
6. To provide breakdown and composition of the Net Assets ("NA").
7. It is noted that the NA as at 31 May 2013 is RM31,396,878 (approximately
USD9 million) and the value of PT ASI is about USD35 million. In this regard,
please disclose the basis and justification (including bases and assumptions
used) in arriving at the valuation of USD35 million.
8. Basis and justification to adopt Discounted Cash Flow ("DCF") method as
opposed to other methodology.
9. Detailed information on PT FAS and PT Haseba including but not limited to
principal activity, date of incorporation and commencement date of business,
name of directors and substantial shareholders together with their equity
interest in the Company and three (3) years historical financial information.
10. Detailed information on KST Field, including but not limited to the
following information:

a. total size of the concession area and exact location of the
production/exploration operation;
b. details of the concession/ license in respect of the production/
exploration operation, including but not limited to:
i. nature of the concession/ license;
ii. duration and exclusivity/ non-exclusivity of the concession/
license;
iii. salient terms and conditions of the concession/ license;
iv. Company's rights, interest and obligations under the concession/
license; and
v. the date when the concession/ license was obtained and the name of
the relevant authority that granted the concession/ license;
c. total financing required for the production/exploration operation and its
source of fund and to quantify the expenditure incurred to date;
d. total reserves available together with the extraction rates and returns
that is expected to be derived from the production/exploration activity;
e. whether Protasco has appointed any expert to undertake geophysical/
feasibility study on the production/exploration operation. If yes, please state
name of the expert, appointment date as well as the summary of geophysical/
feasibility report. Please state also the time and place where such
geophysical/ feasibility study report is available for inspection;
f. details of the development activities including but not limited to, the
expected commencement date of the production/exploration operation; and
g. the expected production output for the next three (3) years, the annual
compounded growth rate together with the bases and assumption.
11. The risks in relation to the production/exploration operation which could
materially affect Protasco and what are the mitigating factors to minimise such
risks.
12. Outlook of the oil and gas industry and to provide a description of your
Company's future plans in light of the industry outlook.
13. It is noted that the full amount of purchase consideration of USD22 million
was paid upon execution of the Restated SPA. In this regard, please provide
rationale for your Company to agree to the term of payment as the norm of
payment is to be made upon completion of the transaction or conditions
precedents became unconditional.
14. Detailed information of PT Inovisi Infracom TBK, including but not limited
to the following:
a. date and place of incorporation;
b. commencement date of business;
c. name of directors and substantial shareholders together with their
interests;
d. principal activity and three (3) years historical financial information;
and
e. nature of shareholders' relationship with the Vendor and/or PT ASI.
15. To specify in full details 'all other outstanding issues raised by due
diligence lawyers, consultants and technicians'.
16. Current extraction of oil and gas and whether, in the opinion of Board of
Directors of Protasco, the target production of 7.2 million barrels of oil and
44.2 billion cubic feet of gas is achievable.
17. Basis in arriving at 66.5% interest in PT Haseba.

no huat as usual, target 1.40

sell now, cuz many fake rally. Will back to square Rm1.40

nta above Rm1, Another Keladi?

UMA from bursa, those have position may seriously consider selling

woW, seems slowly but surely

Everybody, today's jump and excitement may not be sustainable. But, she will move up slowly in sustainable manner.

I mean not suitable for investment, but anyway most stocks are not worth to invest. Good to speculate.

Another sure fail project. These hooligans are still talking nonsense. Learn business and economic before start saying anything.

dont think there will be any significant positive development with this company. Recently change of guard...Group MD and CFO. Red Flag!!

huat and ong?

been holding tight for few years......^^

another strategy to mar Selangor government effort to contain the toll rate hike

kuat -kuat goreng today

very good company. earn 10% after 18 months of holding period

another boring quarter

collecting

good sign

one day up 5cent and next day down 5cent. for many months already

this year investors would expect no special dividend because re-invested into O&G

last year dividend was (0.04+0.04+0.06) = 14cents, assuming this year without special dividend, you will get 8cents.

chia88..i second that. Most properties counters could have declare much higher profit, it depends on how much the owners want to share with the public

when again we heard that thailand, philippines or indonesia bad news, things will go pretty ugly for Malaysia.

the economy will be tested again...USDMYR @ 3.33. Everything is pointing to a slower growth or painful path for the ASEAN. Not about this counter, more like regional crisis.

sell now or sit for few years below 30cents

i have notice so many sellers. Someone is disposing slowly above 1.30

mother share has been fried up before the listing of warrants. Lets wait the mummy to stabilized before making any decision on the warrants