My uncle in Singapore says "SC SUBMISSION TODAY!!!!!!!! AND LAST TIME HIBISCS SUBMIT TO SC LIMIT UP YO!!!!!"

0.585!

0% show is here...LOL

Let's sign a petition to protest privitisation at 0.27!

Heard privatise 37 cents!?!?!?! Gogogogo!

long term minority interests sure let go if MAS serve nasi lemak without ikan bilis and peanut

Yes 10 times too low for Oil and Gas...fair value should be RM1.2 at 15 times...Sona needs to be HLBB clients to get higher fair value and get the report rated to BUY...hehe...CIMB & RHB wtf u doing? write report so slow

I wish is true...I'm just trying to lighten the atmosphere here =)....whoever it is, many thanks for clearing 0.53

Topaz...I think it means EPF buying in...kikikiki

Are u referring to the radio station BFM? You mean they call Hadian and Maznah "lazy" on radio? lol

Rock bottom I sapu all! come come

But nvm...enjoy ur winnings!

It could have been RM80K =(

Speakup ... day day promote sona and now sell of ... wtf? on 21st "Loose Liaw Lor!"

See the signs now ... my Uncle at Singapore no play play wan!

on 21st everybody "Win Liaw Lor!", how I know? coz my Uncle at Singapore put all his savings on Sona after Germany.

Facts and Info: 0/10
Prediction: 10/10

Just joking...this is what I heard:
Item 1 of announcement: Huat details of Salamander
Item 2 of announcement: Projected earnings, cash flow and future growth for shareholder to huat!
Item 3 of announcement: Sona huat like Sumatec!

Are you happyz??

Announce King Of Shark TP 4.0 is correct lol

Heard 21st announcement...

Sklyte...have u think why Sona paid that premium compare to Sumatec? Just compare the current production of the two fields? Do u prefer to have guarantee cash flow now or spend some more maneh to dig the cash? Sumatec is not that bad either...Both counters have its pros and cons and they suit every investor's risk appetite differently...so dun cincai say sona is doomed...Hadian and Maznah couldn't be that dumb

Sklyte...haz u opened ur eyes? Many pipu disapprove ur calculation...sell me at 6 cents to prove them wrong!

Thumbs up for Savanna =)

Having exp with loans...BNP will not need IFRS report to make their final call to approve loans or not...cash flow projections is more important to them...and converting a report to IFRS does take time...so dun start wa wa wa here cause Karma will bite u

JasonLimKim...just to let u know Hadian and Maznah are all laughing at your crap...try harder next time...It depends on SC not ur ppl in Bursa...If u are so persistent that the deal will get rejected...point out the rationale...not post something so baseless on ur debut in this forum.

45 cents? Tell Santa Clause lo =p

Thing is about to change for Sona...panic sellers are being exterminated...collect now while you can...H&M has punished someone for being very naughty

Is only when the noob's nose cannot produce gold anymore...price will go up...demand greater than nose supply

Thanks to all the hot show/ force sell...some cornerstone investors are back to collect the gold some noobs thought is their gold from their nose

Good write JamesRogerrs...Good luck to you too!

KUALA LUMPUR, MALAYSIA, 16 JUNE 2014 – SONA PETROLEUM BERHAD (formerly known as Titanium Windfall Sdn Bhd) (“Sona Petroleum” or the “Company”) received full approval from its shareholders for all its resolutions during the Company’s Annual General Meeting (“AGM”), held today at the Kuala Lumpur Golf & Country Club (“KLGCC”).

The main resolutions put forward were to receive and consider the Audited Financial Statements with the Reports of the Directors and Auditors for the financial year ended 31 December 2013, the re-election of Dato’ Maznah Binti Abdul Jalil as Chief Financial Officer and Non-Independent Executive Director of Sona Petroleum and Dato’ Mohamed Khadar Bin Merican as Independent Non-Executive Director of the Company, in addition to the re-appointment of Messrs. Ernst & Young as auditors for the Company. Notice was also given that Mr. Anton Tjahjono, Non-Executive Director, was retiring and shareholders were asked to ratify his re-appointment as a Director of the Company.

Other resolutions put forward and approved at the AGM were the payment of Directors’ fees and a motion empowering Directors to issue shares in the Company from time to time, subject to the approval of the relevant authorities, provided that the aggregate number of shares issued pursuant to the resolution does not exceed 10% of the paid-up share capital of the Company. Directors were also empowered to obtain approval for the listing and quotation of the additional shares.

Speaking at the AGM, Sona Petroleum’s Managing Director, Dato’ Sri Hadian Bin Hashim said, “On 30 July 2013, we became the third and largest Special Purpose Acquisition Company (“SPAC”) to list on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”). Our journey as a listed company began when we raised funds in order to acquire assets within three years. We have been looking to develop Sona Petroleum into a significant Exploration & Production (“E&P”) company and this journey will now continue as we have already identified what we feel to be a very promising prospect.”

On 5 June 2014, Sona Petroleum announced that it had signed a Heads of Agreement (“HoA”) with Salamander Energy PLC (“Salamander”) in relation to the proposed acquisition of shares of Salamander Energy (Bualuang) Limited (“SEBG”) for a total purchase consideration of USD280 million (RM903.64 million). The transaction will result in Sona Petroleum owning an effective working interest of 40.00% in SEBG’s Thai oil and gas blocks of B8/38, which contains the producing Bualuang Field, and G4/50, both of which are located within the Gulf of Thailand,

Regarding the HoA, Dato’ Sri Hadian commented, “We believe that these two concessions represent excellent opportunities for us and the HoA is a great milestone for the Company. Both parties are now working hard to sign the Sales and Purchase Agreement by 26th June 2014, after which we will proceed to obtain all necessary approvals for the transaction to be completed. We are pleased to be working with Salamander on this transaction. These assets represent great value for Sona Petroleum as they will enable us to generate cashflow and also provide significant upside to our profitability going forward.”

They must be busy eating the good food =/

I also wan to slap pathfinder cocky mouth! Poor facts and figures finder...go drink saltwater with hibiscs better!

Agree qieen, me also kinda annoyed. Just skip reading whatever he post. If price goes up...King of Stock will crown him shitfinder back.

r8 how is ur bro down there? try harder a bit le...shud be got feeling now.

Fauzan correct or not? Sign QA without getting SC approval first? Belum kena Iching 88 rotten egg with sliced ginger ka?

Last time TP 4.00 and now most power in oil...lol...most power in oil TP 40.00 lo

Looks like they are quite sure that they can secure the deal =)

Lol Caprice Capital top up today?

Only noobs dunno that debt can be managed

Agreed goldenray =)

King of Stock...maybe a pic of ur Bursa portfolio statement on sona to teach them a lesson?lol

Wah so bad ah...We need someone to keep positive sentiment over here le...lol

I think in KLSE...the sharks can call whatever price they wan...and in this forum...anybody can also call whatever price they wan

Borrow money from the bank and issue rights to payoff ka?why dun issue rights straight away?lmao....u dunno what is stamp duty and the fees involved?

We are talking about how they are going to fund the acquisition la...rights issue, private placement is irrelevant now...who don't know a company can do rights issue?

Lol lightsaber...u are just someone who dun read the announcement properly and tell ppl to do homework...I guess u have just issue me rights to whack ur head

King of Stock...can u clarify what is 5.6?or is it 0.56

Is already stated the acquisition is thru IPO raised fund and bank borrowings....u need to say how many times rights issue oh?

No play contra also at the edge of the cliff

http://www.thestar.com.my/Business/Business-News/2014/06/07/Sonas-first-purchase-but-market-reacts-negatively/

TEE LIN SAY says market reacts negatively to Hadian's exploding stomach lel