another useless troublemaker comment with no real help at all to this forum for serious investors looking for real gains n the future.

1. empty of providing help n info for serious investors
2. probably jealous of serious n smart investors who really knows how to invest
3. empty of providing objective answers to serious investors who questioned the management properly
4. probably trying to scare other ppl for the fun of it
5. purposely would like to see you fail sigh....
6. doesnt want his investments to succeed but want them to fail...wow

another empty echo.....lol

Just ignore the troublemakers. Perhaps they like the fact that they thought they have the power to blackmail ppl. Lol

must be margin players again. lol

Why are they still so quiet? Why arent they responding at least on some questions we asked yet. Any clarification helps.

I am getting disappointed

I think they saw our discussion on shareholder loans in here. Haha.

However for them to respond like this shows that they are serious n shareholder friendly.

Good job. Better then sona. They are not very forthcoming in info. Especially at such a short time to egm. I am bit dissapointed

I am actually more interested in the value of the stag fields oil reserves with infill on a per share basis based on todays oil price.

Hope sonapetroleum will advise on this.

Stock markets are forward looking. Not backward. That's why equities can be used to hedge against inflation...well to a certain degree.

Good luck n be cool

I believe u guys are overanalysing n not focusing on the big picture.

Oil n gas co are valued on thier reserves. Valuation includes reserves n future prospects of reserves with conservative discounts. Thier valuation is on 1p n 2p with the ongoing infill development. Its not 533m. That is only a simple representation stated on thier cicular page 112.

And dun forget valuation is based on todays cheap oil price.

To me i only put emphasis on 2 things at the moment.
1. Value of reserves with infill 1p n 2p
This has not included 3p(this maybe only a certain amount recoverable)
This has also not included the hart fields yet

2.price of oil. U think it will stay usd40 forever? Be smart

If there is so much liabilities u guys are worried about why even bother with sapurakencana? Petronas? Reach energy?their fields n equipment are way bigger than stag n their abandonments coats are way way higher.

As investors we can only compare with peers in the same industry. Dun mix n get crazy. Chill n relax. Ask at the egm

Jack is right.

Go n google provision for abandonment costs especially australia.
I believe its an accounting concept to tally n match asset n equity n liabilities together. In australia u have to expensed it. Meaning u need to show it now n minus it bit bit over the years.u will get some tax breaks too. They will also have ppe depreciation over the years n asset number will get smaller. Its all accounting terms. Time to learn how to read the accounts.

Accounting entries are complicated. Are u sure other normal companies dun have any liabilities? Some companies have contingent liabilities n they are not even declared on the balance sheet. Research analyst should know abput this ....heck even we laymen can find info on the internet. Chill n ask at the egm.

What kind of 3rd rate research analyst simple jump to conclusions without proper due diligence?

No need to be so judgmental just like that. We may not have aclear picture on the abandonment costs yet. Lets ask at the egm.

sounds like lots of ppl are emotionally stressed out due to sona stock yoyoing...chill n relax

I dunno how le...just an engineer. Btw just ask them on egm day

For curiousity and an analytical perspective. Good learning for me too.

From gca report they have valued sona after stag purchase to be 0.38 per share nav. This after adding assets minus purchase price putting cash back in n works out to be 533mil attributed to shareholdrrs equity. This is in their pdf circular report. Go read

Nav per share = 533 mil / 1.411bil shares outstanding = 0.38 per share
this 38 nav is after purchase stag fields n have a cash balance of about 400mil. This is right as abput 400mil is leftover from trust acc after buying stag for 25usd mil.

I believe this 38 sen nav is value immediately after purchase. What about the future value of stag? Is the future value of stag included in this price?

Oil n gas co are valued from their reserves namely 1p n 2p about 30.5 mil barrels of oil.This amount assumes amount of oil they still have n gca has gone on a conservative valuation. plus they did not include the 3p oil n the extra hart fields which may have extra oil after exploration. This is all in the reportby gca go read. This 30.5 mil oil barrels assumes using infill to generate those reserves numbers. And we havent even talk about oil prices yet.

is this reserves represented in 38c nav? I dun think so. Correct me if i am wrong.

so how much is this reserves worth? Assuming they used up the 400mil cash for infill..

Base on oil price usd40
exchange rate usd to rm 4.1
their costs of production/ oil extraction usd30
note. Reserves are valued after extracted from grd. Correct me i am wrong

Reserves value:
30.5 mil x 4.1 x ( usd40- usd30) = 1.25bil rm
value per share
1.25bil/ 1.411bil shares outstanding = 88.6sen per share
of course this is only approximate value. But wat the hell? 80+ c over cash nack value of 48.5

i think this is the proper future intrinsic value of sona if they buy stag fields. I think their infill will be complted in 2018 its in the report go read.


note
havent include 3p reserves in
havent explore hart fields yet...may need capex to do that
oil price at usd 40 now...may shoot up if opec freeze oil production with other countries
may even reduce costs of production in future by 10 20%
Not even putting in profit loss in yet in calculation

From this value its a no brainer to buy already unless i am wrong.

but i still think they need to give us shareholders more info. They are not trying hard enuf especially from retailers holding about 32% of sona shares now. Scroll up to see from one post.

Keep on promoting! Cheers n buy at ypur own risk

Sonapetroleum...it would be nice to have a share price approximate after the acquisition of the stag fields with the reserves. Like i said, more info needed.

Everyone is concentrated on the cashback per share of 48.5c
What is the theoritical intrinsic value after acquisition? This will include all assets n cash left.

I believe this u need to market to ppl.

Gca value nta to be 38c after Qa. Does this includes the cash left? Does this value includes the reserves of 1p 2p? What about the hart fields? Base on oil price now u need to show us what's the future value.

If ppl see that the intrinsic value after acquisition is like eg 80c sure they will vote yes. Not enuf info. Pls furnish us with more info

again its the fear factor generated by the news, this forum, everywhere now.

with fear ppl will just sell without thinking objectively.

this is unfortunate....

Looks like its a 50 50 chance of QA approved versus against. We are indirectly being blackmailed by the 25%. The structure of the spac is really wrong la

Fear is driving all the short term margin players out?

U can sense that those who are emotionally charged are the margin players

plus i doubt simple retailers like you or me are just interested in so called " yield "

yield is mostly for fix income investors, bonds, debt, insurance, pensions funds investors.

no need to assume NO or YES. Its not written in stone yet.

the sell down is just about a simple emotion. Fear

thats why so little people succeed at investing in the stock markets. they throw stocks away when they are uncertain and fearful. They are not confident on what they have invested. they are just simply driven by their own emotions. same goes vice versa.

stereotyping about it going to fail is no help either. There is no fact nor inherent guarantee in investing.

However the fear factor now is really high...so this is not helping too. lol

one important lesson to learn. do not stereotype. do not be govern by emotions. if you decide that this is not in your best interest just sell. simple. no need stories. no need condemnation. just be indifferent.

even an engineer like me can calculate like that ! apa hal with all the advisors??? but i could be wrong lol

since the nta after QA is 38sen and the cashback value is 48.5sen...

assuming paid usd25mil to buy asset works out to be about rm0.0726 per share.
usd25mil x 4.1(ringgit) = rm102.5mil
rm102.5mil divide by 1.411 bil shares outstanding = rm0.0726 per share

(all in per share basis)
nta 38
48.5 minus capex 0.0726 for QA = 41.24sen per share left(cash)

add nta 38 + 41.24 = 79.24sen per share immediately after QA

am i right?

i like that the net asset per share(nta) after the QA is 0.38. Now is 0 without QA. lol

this will only grow as the fields are being developed.

I think he has margin on the shares and wants to earn more by at least a few extra sens as possible. its also possible he lost some while the price went down a bit. Dunno what he is thinking.

No need to bother. imagine warren buffet complaining about a few sens from his billion dollar investments.

keep it up sona. and yes all of us here do have an agenda...that is to see sona QA approved. Its a noble one isn't it?

u did threaten them right....so whos shallow?

somehow i think u have a hidden agenda somewhere. real investors are always looking for future returns.

callme777, as much as u are entitled to your opinions to vote against the QA, so are we ALSO entitled to vote for the QA and listen to views and news from the management itself.

Since i3investor is one the largest forums on klse stocks. why wouldnt they come here to promote? When they didnt promote u complain and bitch about that. now they promote u threaten to vote against them as per the share price wanting to go to 48.5. what happens when it goes above 48.5? u want to go to 50sen? furthermore it sounds like u are trying to blackmail them eh? This is really unethical of you.

what do u want? why are u still here? why are u so unhappy?

sheesh.....

sona management needs to put out more news and convince more ppl to vote for them. remember you are the face of the company. take for example who does sp setia represents? the ex ceo tan sri liew kee sin.

he is the face and indirectly main marketer or sp setia company. image counts. this is called investor relations and i have a friend who used to work in samling group and tropicana. image counts.

all the best!!!

Some ppl are definitely collecting lots of warrants at 6.5sen wow

Crazy

34mil warrants traded today. Wow

This suspense is killing everyone invested in Sona. The fact is. The funds cannot say anything at all in the open market. This is becoz any info regarding the Qa is known will cause stock prices to move. This is known as material non-public information. This info will cause market price to move.

The brokers with inside info will not dare to leak any info because this is illegal. Hadi n the funds cannot say anything at all. ThThey are insiders and are even more subjected to sc laws.

Brokers dare to leak info tough luck. We will just have to see how it goes n look forward to the egm

good news is....about 42mil of warrants were traded today. This is a very large volume.
also saw buyers/bidders queue up for almost 8mil plus of warrants.
perhaps somebody are pushing down the prices to collect at low of 6.5sen? maybe

bad news is....could be traders/speculators collecting then selling for small profits for a 1 or 0.5 sen
could also be ppl dumping the warrants. however support at 6.5sen is very strong. curious

tmw will be interesting to watch

The major shareholders ought to know the advantages far outweigh the disadvantage in price now. I hope that they are more farsighted.

Good luck

From USD 50mil nego to usd25 mil. This is a good nego. Furthermore the 3rd party value stag at today's low oil price from 30 to 50mil USD. Usd5mil discount..santos desperate for money. This is in the circular.

3rd party also value stag fields in the future to be worth around usd50 to 100mil depending on oil price. Sounds not bad. Their projection from those multiple line graphs are also quite conservative.

Their oil pumped sells around Brent crude price.

Omg does this guy knows about managing our economy?

Actually the more u read the circular announcement on the purchase the more u will see the advantages are more.

1. Existing 4 wells licenses only expire in 2030 to 2036.

2. These 4 wells are operating in 45sq km area of the entire 800++ fields. Still have 90+% of fields left.

3. They purposely reduce from 5200 barrel to 3000 barrels becoz of low oil price.

4. The oil from their wells are a light sweet crude type. This type has the best commercial value.

All these info is from their PDF file. Go read.

No wonder they are confident.

Disclosure.I own their warrants. Cheers

Nice info ladyD!! Very informative. Yes since I come from a business background too, a shareholder loan is a loan to the company. Here emir owes reach.

This is different from a company issuing debt. They owe other ppl.

Seems like the whole market is condemning the spacs. We must be greedy when all are fearful.your choice. good luck cheers

Actually this is really a no brainer.

Those who belive believe in the long term potential of sona with revenue generating assets. U can vote yes.

Those who dun believe, prefers a yield back or detractors. U can vote no.

again its best to listen at the egm before deciding. I would definitely prefer a long term potential approach. Oil is slowly rising n stabilising. This is in the news. It may yoyo but which asset price doesnt? So choose wisely. I wouldnt want to wait until the oil price goes up to 50usd or more before buying into oil n gas companies.

btw u can buy back after the qa so its really your choice. Good luck

sona's breakeven is usd26 this was in the news way back. but this is reach's forum thread not sona's

just be aware of fear generating info. any major shareholders getting out must be announced in bursa. this is the law.

I noticed there are some ppl intentionally spreading false news. this is misleading, malicious & filled with many conflicts of interests...unless they can prove otherwise.

guys gals be careful and read the news properly announced in the newspapers. be logical and make your own judgement wisely.

cheers

Kareem perhaps u shld furnish us as to where u get those info.

I tot insider info is illegal?

nice info ck chan.

looks like a lot of big shots invested in reach

well the ipo was at 50sen. so it makes sense to push it up above 50sen.

as to why they are not doing it yet...cant really answer that. But hadian did say he's going to meet with the big fellas now.

So lets see how it goes. you cant also really expect the stock price to shoot up just like that. Remember our klse is not like dow jones or sgx....we are only a small pond compare to a big ocean like them.

so our liquidity is very shallow hence we need time.

I think this 12% tycoon maybe Chua MA yu n his gang. I remember I read somewhere before on this news. But he didn't own so much now. Maybe less than 5% last time

Unfortunately...so many are so short sighted nowadays..but it can't be helped.

Let's see how hadian convince the major guys

Seriously with them pinging n ponging...dunno whether to laugh or not. Lol

nice info jack2

they collectively own about 22 23%

yes pundit

there are a couple of major shareholders in reach. lembaga tabung haji, norges bank, kwap, epf etc

the MD owns 20% n is an ex shell exxon person. he has 35 years exp in oil n gas industry. is he capable of running the business? u tell me

the chairman used to work in bursa for 15 years. he also has stints in oil n gas. talk about the connections.

the other 2 more fellas. 1 is from sime darby n the other has 29years exp in international oil n gas companies. can they run reach business or not? again u tell me.

all these info from their 2014 annual report. this is transparent info.

hweechuan,

what you say is definately true. we also dunno why they stay in here.....its a mystery

It would be prudent to at least attend the egm n vote accordingly after listening to what the management have to offer. Then u can decide.

It's not right to simply said its bad or right without basis. It sounds like an emotional rash decision

if nobody wants a particular share then maybe all risks might have been driven all the way out of it.

perhaps its time to relook at it and buy. time to be greedy when others are fearful.