wahhh, wait, me dump too

yaloh..capped..

oredy dumped at 0.455..aishhhhhh....

Ooo..Well, Aiya, Money has no gender...let's make some..
Looks like tomorrow is going south by looking at the trend....

Mag is a HE lah, Qieen also a He lah

GUYS, Ophir Energy Plc is not just talking only, instead they are acquiring SALAMADER shares in the open market all these while..it has started way back...

See all the links of these site, boys, Ophir is buying millions and millions of SALAMANDER, and I don't know anything about it until now....FYI only..

http://www.salamander-energy.com/investor-relations/news-and-publications/news-media

http://www.salamander-energy.com/sites/default/files/attachments/pdf/Statement_re_Press_Comment.pdf

China keeps buying the Brent Crude future ~85++...

I agree with qieen, Neither OPHIR nor CEPSA would allow SONA to hold a stake of 40% working interest at the Greater BUALUANG area. Don't forget, SONA only entitle to the 40% WORKING interest only. With the falling Oil price, it make it easier for Those TWO bidding to acquire the SALAMANER.

They keep collecting...

Approval on the way!!!

@Nancy, you've bought any?

many

http://www.livecharts.co.uk/MarketCharts/brent.php

Oil up 86+

Very interesting, on the eve of awaiting SC approval, there come the news. Heh Heh! Heh Heh Heh...

If the dropping oil price is such a terrible thing, why would they want to buy the Salamander. Are we too naive to be able to rationalise or think in a reasonable way. Now that they are trying to stir the broth, "... It is thought some investors have expressed serious reservations, throwing the deal into doubt..."

What a silly comment..?! They intend to pay 275 Million pounds = 440 million US for the hostile take over according to the news,

Well, I am 100% sure what SONA management would think about the news. Since SONA deal (Greater Bualuang) costs USD $280 millions for only 40% stake. SONA might just be better off buying the whole SALAMANDER for USD $440 with some 'bad debt', and sell everything to pay the debt and keep the other 60% stake of Bualuang. Of course there are more aftermaths pertaining to the whole deals..

Heh Heh heh, this is getting interesting

瘦田无人耕, 耕开有人争, hahahahaha....

My TP @0.62 - 0.70, Maggiel is ~ 1.00 - 1.20

@Ichingh88, per barrel has to enquire with the Salamander for the specific numbers, I just try to figure out a very rough number for illustration purposes only. As for the debt, to be honest, all O & G have debt sky high...one good thing, it pumps all year round...

@ yamatotrading, I understand your concern, the number is just for reference only.

@ Maggael, ya, you are right on the operating cost, it was USD $16.6,

should get some dividends after the deal

@maggiel, cranking up some numbers to support lah...make it positive

From the above link -- "...The blocks on sale include the Bualuang, producing at an average daily rate of between 11,000 and 14,000 barrels of oil...."

Let's assume the lowest production rate of 11.000 barrels of oil per day

Theoretically SONA should get 11,000 bpd x 350 working days x US$86.00 per barrels (as of now) x RM$3.278 ($1 US to RM $3.278) x 40% share (SONA share) = 434 million per year from Salamander deal (as of now), (of course there are loyalty + taxes + operating cost + loans payment + director fees + bursa parking fee :) + misc + etc; haven't been deducted from the numbers),

Let’s assume taking everything into consideration the total cost is
50%, so 434 m - 217.0 m= 217.0 m profit per annum / 1410714300 outstanding shares = 0.1538 cps
60%, so 434 m - 260.4 m= 173.6 m profit per annum / 1410714300 outstanding shares = 0.1230 cps
70%, so 434 m - 303.8 m= 130.2 m profit per annum / 1410714300 outstanding shares = 0.0923 cps
80%, so 434 m - 347.2 m= 86.8 m profit per annum / 1410714300 outstanding shares = 0.0615 cps
90%, so 434 m - 390.6 m= 43.4 m profit per annum / 1410714300 outstanding shares = 0.0307 cps

Several things will have the direct impact on the computation
1. The production rate - if the output is higher or lower, more profit or vice versa
2. The Crude oil price - if the price is higher or lower, more profit or vice versa
3. The Exchange rate - small but significant - will definitely change the numbers
4. Working days - 365 days?? How about 350 days, 15 days downtime for maintenance per year

Just my wild calculation for sharing only….Not the info for buying SONA share
It just seems that the deal is very positive, at least for a number of years

http://www.energyvoice.com/2014/08/salamander-puts-first-oil-bualuang-fso/

http://www.salamander-energy.com/media/news/approval-g450-environmental-impact-assessment

APPROVAL OF G4/50 ENVIRONMENTAL IMPACT ASSESSMENT
22 September 2014
Salamander announces that its Environmental Impact Assessment (“EIA”) for exploration drilling in the G4/50 licence, Greater Bualuang area, Gulf of Thailand, has been granted conditional approval. Of the 20 drilling locations in the original EIA, 18 have been approved subject to: updating the oil spill response modelling to account for the removal of two potential drilling locations; and communicating the removal of the two locations to local stakeholders. In addition the Thai authorities have stipulated technical adjustments to the drafting.

The 18 locations include all of Salamander’s top ranked prospects in the G4/50 licence and the company expects to commence exploration drilling before the end of 2014.

James Menzies, Chief Executive of Salamander, commented: “We have long been excited about the potential of the G4/50 licence. Now that we have the EIA’s in hand we look forward to a low cost, but high impact, exploration drilling programme over the next twelve months.”

GUYS, let's looking forward to 2015 - 2016 -- Production on the Bualuang field
----Scoping work is being carried out for additional infrastructure to develop the contingent resource. Construction of additonal facilities is expected to take place during 2015 with first oil from the facilities expected in 2016.---

http://www.salamander-energy.com/our-operations/greater-bualuang?qt-view__our_operations_tabs__block=3#qt-view__our_operations_tabs__block

Very good info..pls post more

Nevermind lah, I am happy with $0.65 to $0.75

Since it is almost there (Anxiously Awaiting SC approval). Why don't we refresh our memory by listening to the recorded interview of the SONA Petroleum MD Datuk Seri Hadian Hashim.

It is quite interesting when comparing data and information (2013) with what we are having now (2014).

http://www.bfm.my/breakfast-grille-sona-petroleum-datuk-seri-hadian-hashim.html

pls download the PODCAST first (online streaming seems not working).

cheers

Again to enlighten the situation a bit, let's look at the oLIVE chart of BRENT

http://www.livecharts.co.uk/MarketCharts/brent.php

With the oil prices (both Brent & WTI) have been slipping away from the previous high.
What is sona fair value now? It would be interesting to find out.

http://www.nst.com.my/node/17027

sea of little RED, Malaysia boleh..up..up
http://www.indexq.org/

Me ok lah, very hard working and diligent, hold good responsibilities, heh-heh

I esok pegi keje ni, aishhhh....., kasihan...

@ michael,_lee, nooniez
aiya, me working Ooi, very sorry, overlooked..yes..i am working tomorrow, HAHAHAHA..HAPPY DEEPAVALI

Tomorrow on lah

eh, brother..
23 October, Thursday Deepavali or Diwali Nationwide except Sarawak

All red...very nervous ..
http://www.investing.com/commodities/energies

Guys, take a quick look at this..it's kind of making me nervous about tomorrow.....

http://www.investing.com/commodities/brent-oil-streaming-chart

I like TAB 4

How to hold, everybody runs for life liao? look at the sons and daughters. I am going to take a nap..can not see liao,

alamak, who is dumping? what is happening?

@brother maggiel, how come dropping back ah?

well, oil price keep dropping today, better be careful

well, oil price keep dropping today, better be careful

wah, susah ni..hanging..uhh..
thanks for the info by the way..

crude Brent oil price is dipping, watch this real time tracking

http://www.livecharts.co.uk/MarketCharts/brent.php

can someone give some insight? very tempting to buy in...

very tempting to buy in, but don't dare to...it seems like going down a bit...can someone give a little bit of insight?

watch out, crude Brent oil tends to be moving south, watch this real time tracking

http://www.livecharts.co.uk/MarketCharts/brent.php

http://www.marketwatch.com/story/oil-steady-but-traders-unsure-prices-will-hold-2014-10-17

Hup seng fair price 1.03 across the board short term

dividend we spend ourselves

Buy Hup Seng and keep for your children. You will see it will climb to at least 5.00 above in few years