@rikki: Good assurance.

An O&G education? If you said financial prudence I would still give you 1 point..

For people who uses their own brains. This is a half-full, half-empty glass classic example.

If the heat in the kitchen is too strong, get out if you can't take it. Don't disturb the peace & quiet for some deep thinking & discussions.

Deal at your own risk!

@rikki: Interesting! U have insight which financial instrument SONA's going for with the loan. Maybe you can share more exclusive update outside this forum with those interested to hear from you, like me... Hehehe.. Let those pair play their broken whining song.

@bathgel: Well, there is an attempt at an almost intellectual level to size up which company would offer a better investment deal. Let the discussion roll. I'm more concern with broken records, whining songs and pea brains who only know how to stress 3 words. What's your say?

Wonderful...come 1.20 make my day!!!

Yah hor! Why seaview but & sell in open market at abt same amount but to loose moni?

Also, wit complete change of board members. Are the old board members selling off their interests? I'm sure they got negotiated compensation.

Wat is the conspiracy theory???

If contract cancelled... you will cry until u cant see...

Daily TP not possible. Rosetan TP already done. As said uncharted territory...

Possibility of a brief consolidation. My strategy: Hold present position. Buy on dips if got bullets. This is uptrend....

Corrections: Sumatrainans...Later...Dragonslayer...

Sumatrains! Can help me to recall who was this person? He said that he has a heart by-pass or heart attack and wanted to plan for his young children. Anxious for SUMA price to move up. He also borrowed and needed to make repayment. LAter, with all the concerns from especially Drangonslayer he said that he has transferred property title to children. That was about 3-months ago. He has been quiet and I'm not sure if he drops in now and then.

I will be glad if someone remembers his name. TQ.

Bulls & Bears in action. Still got buyers support activites.

500,000 ESOS shares listed tday. Maybe some of them throw.

Bedtime for me now. Last nite stayed up too late! Reading all the gila, gila postings.

Waaaah! Nice to hear from Simu Noraini & DS again. Tension lah last 2 days. Need you wise people to make hapi, hapi mood sikit. Hehehehe...

DH u pegi tidur afternoon ke? So quiet. Now, dah bangun I mean your person & not down there aah! No misunderstand. Hohoho....

I listen to everybody but not necessary follow. Asalkan jangan ketuk, ketuk dan pijak, pijak.

Sui! Sui! Sincerely wish tat u r XXXXX, lloydlim.

pullup to move fwd?

@rosetan: Would you revise your TP: 1.00?
Do you reckon will hv pulldwn first then [ullup to move fwd?

This means Seaview has put all directors aligned to them?
How is this going to shape-up from corporate development point of view?

@mataseri: I follow your recommendation. :)

@mmk79: Wat, wat is yor qstion? My legs in the mud... Hahahaha...

Wat opportunity to buy? Target moved from 0.30 to 0.40 cents. Wat's the new target now????

I've licked my wounds at least it's break even for now.

Stock market investment/speculation carries risks. Where got sure win. Even BURSA caution every now and then. They don't show facts & figures. We have to read it ourselves.

DH - DreamHunter.

Pls advise wat to do now. From over-sold to over-bought so fast. Also, got dividend coming. When btw? Buy/Sell/Hold??

DH had told me, don't over-commit (buying shares). Now, should I listen to him or not?

hhakim, invest...2006 & other oilmen who had given us splendid comments. TQVM!!!!!

@kos: U taking the pressure v well. Congrates! Keep it up. U r big timer or not I dun care. U r really sucessful or not I dun care. Maybe my parents ask me to prove I listen. Other people demand the same thing who cares...

@kopipeng668: Your advice is the BEST!!!!

Oh! Maaa..ann my Monday is ruined. I'm still awake just catching up with today's postings on SONA & SUMA. SONA is like a hell house. I might just get an upper cut from either of you.

Derrick, I had reply in agreement with DH. You get work-up easily... Your comments almost always got a sting of sarcasm. Your combination with Pathfinder2 is shear harassment. I don't find motivation from you be it GO FOR IT or DON'T GO FOR IT.

DH may be strong headed and he has hung out here for I don't know since when. He regards this place as his turf. I just step-in on this turf give some respect lah. When it came to perseverance & positive mind I have learned. As long as he is not a real gangster he is fine with me.

Can't agree more...
Hihihi!!!!

@derrickinvestor: Why can't I be shareholder of SUMA and SONA? I still got some loose change ....

TGOFFS still hold the 11% stack in ICON? So, when ICON listed TGOFFS valuation is also higher. Sharks will goreng the share price up?

@Derrick: U tend to work-up yourself unnecessary. Not sure if tats a gud trait for mid term investing. While you hate people who hype-up forecast. I dislike people who undermine people confidence when a counter is not moving well. Do u see the difference with you and me?

Good counters although gone up in price will continue to go up. Just time yourself against contra play and consolidation. Not late yet...
Sure u will be more nervy ...

make noise and buat kacau please step aside....shhhhhh!!!

It has been 36 hrs and nobody can explain the crisis. So I think it would be a healthy forum if the tacticians were to start talking, "How many soldiers would be saved rather than no soldiers could be saved."

Where is the bottom-line???

Tis SONA forum is like a war-room. Like in a war-room they are lots of charts. Many tacticians but missing financial chartist. But, the charts are ignored.... Have to agree tat u need money to win a war. So how! SONA still got future...?

Sheep! I like your strategy for Monday. Sure win. I don't think you will sapu all.

What I saw from the Buy/Sell Q the wall was up from 0.535 to 0.51 with balanced sell in the queue. Which coincides with support line of 0.52 cents. Unfortunately, it broke 0.52 finishing 0.515 during the cooling-off period. So, expecting buyers Q'ed up Mon morning.

@skybursa: I thought you promoting to us TGOFFS here. I know u careful abt what to do with SONA here. Me too! You shld put up a disclaimer:

This is not a Buy or Sell call....Hahaha....

Save it for the WCup.... Hehehehe....

@OngLiao99: I got your http: link. Tqvm.

When I understood 80% of the information above I can start-up consultant company for O&G. SONA will hire me. This was my biz plan, akan datang....

Mana itu i3 marksmen oil plc biz plan???

Bising saja...So bising my ears pecah liao!

But, we hv 1 common immeadiate biz plan - waiting for the lowest entry price. Wait lah less than 48 hours only. If this one also not your biz plan aah... Shy to say lah, why making so, so, so much noise. Safe it for the WCup.... Hehehehe....

i3 marksmaen oil plc, mana biz plan, kasi jenguk dulu... Hehehe....

They thing my money - They think my money .....

Bashing, bashing, bashing! So much noise woke me up.

Whatever cost per barrel, IRR, debts, financing, etc.. Want that actual #'s and not theoretical #'s then wait for the day when events had happened which is reflected in Bursa update & QR's. Otherwise except those simple explanation first and see if mgmt. had lived up to expectations.

SONA as I said earlier had kept this deal in tight lit. F/mgrs. also got caught by the "detail" announcement. So dump lah. They thing my money you did not tip me off. I want maximum gain. I teach you a lesson....

This is my theory.

@Ongliao99: Could you give me the link to this posting below. I like to get more in-depth of O&G descriptions. Thks.



Posted by OngLiao99 > Jun 6, 2014 11:08 PM | Report Abuse

The Bualuang field is located in Block B8/38, in the Western Basin of the Gulf of Thailand, water depth 60 meters. The field is operated by Salamander Energy (Bualuang) Ltd, which holds 100% interest.
The field was discovered in 1993 by Sun Oil (B7/32-2 well) and subsequently appraised by SOCO in 1997 with two further wells. The discovery was then known as the Pornsiri field. Although the field was initially developed using a high-density 2D seismic grid, 3D acquired in 2010 has facilitated further development drilling and exploration of surrounding satellite potential.
The development plan for the field was approved by the DMF in 2006 and was fast-tracked in 2007. A single well-head platform was installed and production connected via pipeline to an FPSO. Phase I/II of development drilling consisted of five sub-vertical producers and one water injector/disposal well. The wells were completed in June 2008 with gravel packs and electrical submersible pumps. The field came on stream in August 2008 and a month later had reached production of 17,000 bpd.
The Bualuang oil has a gravity of 27°API, viscosity of 8.5 cp and GOR of only 4 scf/stb. The primary T4 reservoir of middle Miocene age consists of amalgamated fluvial channel sandstone exceeding 50 meters in thickness. Reservoir net-to-gross is in excess of 90%; porosity approaches 30%, with permeability averaging 1.8 darcys . The top T4 sand is at 1100 meters subsea and the oil column is a maximum of 32 meters in height.
Post-Phase II log analysis and routine core analysis in relation to PVT properties indicated that water coning would be a key concern. Indeed the reservoir net-to-gross in the development wells is higher than expected, resulting in an even higher Kv/Kh ratio than initially observed. In response, future drilling phases have utilized horizontal drilling technology, combined with geosteering, to locate production wells as close as possible to the roof of the reservoir to maximize standoff from the OWC and minimize water coning.
At year-end 2011, 16 development and 2 water disposal wells had been drilled. All produced water is re-injected. EUR stands at 27 MMBO, almost double pre-development figures. Cumulative oil production is 10MMBO. Further appraisal drilling has identified oil in shallower waters....

TGPFFS! Good showing today. A sign of approval.
Sharks also have taken some chunky bites. Hehehe....

BUY wall is up. SELL wall equally balanced.
It's a sign & a signal ......
Your $$ your choice .....
Or just sit and watch the show yet think that u are expert.

TGOFFS holding up quite well. Maybe nxt wk flush out contra out contra players.

I assume new issue 300m. Did say price offered?

Moving UP again!

Slowly but surely UP!

Shake, shake, shake! Shake my head. All of sudden got gas production...
This is not a cooking class. Can add tis and tat, dun taste nice can dump into the bin.

Cannot simply add or remove facts. Maybe writing in this forum can lah. Hehehe ....