just plain rumours spread & dont think there is any truth. surely there are small holders that are against the QA or having their own agenda

Funds holding more than 10% i.e. credit suise and Pacific are still accumulating, that shows the levels of confident

brent price soaring usd38.72
oh wow, oh wow
usd40 comin

brent around usd37
usd40 comin, would be great

shareholders shud be getting all the necessary information on costing & returns based on oil price on the day the circular is printed and IRR
in the EGM circular

whether the business is profitable or not, pls wait for the EGM circular probably in a week, if EGM in a month time, then going round the bushes and speculate

pls don't bring up yr naivety

you are one dumb investor
the reason why the price don't shoot up is the QA approval and oil price

if is no good, pls sell
get rid of your nightmare day & night

oh wow, oh wow

warrant cleared all at 0.085

those weak holders, pls pls sell sell

Pls get real

If Hadi didn't ring you up for support in the BUY-ELECTION that means we don't have the numbers that he wants. Surely he is eyeing 90% or more

Whether you against QA is immaterial, perhaps you just made a minority group of less than 2 - 3%??

brent usd37.01
usd40 comin
good signs

this is like an election for Hadi & Cabinet, they need 80% votes during EGM or cabinet dissolved

maybe is called a BUY-ELECTION which is legal, just money to buy out fence sitters and the uncertain groups, haha

Hadi has 2 weeks to canvass for support or buy-out before EGM

Hopefully, the share price will be more than 49cts bfore EGM

My guess is that the QA will go through

if this is true, Hadi shud get some funds to absorb the shares, failures which He and founders shud takeover the blocks ...

a master chef shud like his/her own cooking

no worry, small block, Hadi is not that naive and stupid. they still have 2 weeks to seek support from major shareholders, same like any election, haha

buyers so impatient, slurped 900K warrant at 0.085

there are ready buyers for warrants, those chickens, pls sell sell

those chickens, plse sell the warrants, many takers here
just cleared 8 M warrants by buyers

Pls sell, sell & don't spread ghost stories

if useless, just sell lor
don't have to worry day & night

SELL and switch to Sona

sona stag field pricing will be used as comparison to whatever Reach is buying

pressure on Reach boys

insya allah, all happy happy

ok, mama going attack 47 cts

another 2 cts away to 49 cts (48.5 cts refund)

haha

Shud stop paying salary immediately too...

my 4 wishes

1. reduce purchase price to around usd35M & below... now is nego process, result... REDUCED TO US25m - WHAT A SUPER PRICING. GOOD JOB HADI

2. bring down production cost below usd20 pb ...work-in-progress - good time to reduce operating cost and squeeze the suppliers, result is lower production cost & higher profit margin....

3. recovery of oil price to usd40++... now oil price is recovering usd36++.. still have good upside at least to usd40 in short term...

4. share price at least 50cts and above before EGM - to allow the kiasi to sell before EGM. 49 CTS WOULD BE GOOD ENOUGH TO GET RID OF THE KIASI

1/4 WISHES ACHIEVED - 3/4 WORK IN PROGRESS AND ON TARGET

HAPPY EGM SOON

warrant is undervalue
once QA is approved during EGM, the price will readjust to fair value

brent usd36.86
hope can cross pass usd37 by tmrw morning
more punters are going long than short
good signs

at oil price usd36, gross profit is usd10 pb
as oil price recovering and up & up, to above usd40

the sentiment will be oh wow oh wow
EGM is just a happy gathering, pls bring out the champagne

was waiting n waiting in the queue to buy more warrants
from 8.00am till now, wow wow long queue

oil price has already bottomed
now, price is recovering and surging brent usd36.86
usd40 comin

what a darling stock in a few months

hehe, don't listen to retard

not easy to get quality asset and cheap

now, the pressure is on Reach Energy....though the environment looks excellent but in reality not that easy

this pricing will be a benchmark for Reach guys

sona soon aka mini PETRONAS

pure oil n gas counter

Why so cheap? why need to pay more when u can acquire cheap cheap esp when oil price is low now

this acquisition will make other oil n gas counters looks fat and ugly with all the debts they are carrying

this is pure oil n gas counter play, will move according to oil price when QA is APPROVED during EGM

http://www.theedgemarkets.com/my/article/oil-prices-rise-signs-mount-market-bottoming-out

Don't expect miracle in share price though we all want to ride on rocket price

still eyeing more of the warrants during this pull back
High risk but high gain

once EPF & funds come in a big way, this one will fly

Kindly be advised that trading in the above Company's securities has been halted with effect from 9.00 a.m., Monday, 29 February 2016.

Trading in the securities will resume with effect from 10.00 a.m., Monday, 29 February 2016.

Your attention is drawn to the Company's announcement dated 29 February 2016.

where can you find producing oil field at this price
oh wow oh wow

all funds will be lining to buy this real one

NO DEBTS, ZERO DEBTS, POSITIVE CASH FLOW

No announcement at Bursa website on suspension time line

Warrant price est.

46 - 35 =11 cts + premium 4 to 8cts

roughly 15 to 20cts once QA APPROVED

the warrant is under priced

yes, this counter will fly

oh wow, oh wow,

oil field price reduced by 50% to USD25M

Now is considered fair price and good

On behalf of Sona Petroleum, CIMB Investment Bank Berhad is pleased to announce that Sona E&P (Perth) Pty Ltd (as buyer) and Sona Petroleum (as buyer guarantor) entered into a deed of variation with the Sellers on 29 February 2016 (“Deed of Variation”) to inter alia, reduce the Base Purchase Price from US$50.0 million (or equivalent to RM206.5 million) to US$25.0 million (or equivalent to RM103.2 million).

In line with the reduction in Base Purchase Price, GCA has issued an updated fairness opinion dated 29 February 2016, which considers the Base Purchase Price of US$25 million (or equivalent to RM103.2 million) to be fair.

The Deed of Variation will be available for inspection during normal business hours at B-13-15, Level 13, Menara Prima Tower B, Jalan PJU 1/39, Dataran Prima, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.



This announcement is dated 29 February 2016.

suspended for announcement

it would be great if there is petroleum engineer eg Hakim that can provide good analysis on oil fields previously

really misses good analysis, not ghost stories, hehe

we shud be sharing info than arguing over nothing

pls provide good analysis and info than talk 3 & 4 and the usual ghost stories, hehe

one time TTB ICAP make rm20 million paper profit from Parkson shares
now down rm20 million

my 4 wishes

1. reduce purchase price to around usd35M & below... now is nego process, result...

2. bring down production cost below usd20 pb ...work-in-progress - good time to reduce operating cost and squeeze the suppliers, result is lower production cost & higher profit margin....

3. recovery of oil price to usd40++... now oil price is recovering usd35++.. still have good upside at least to usd40 in short term...

4. share price at least 50cts and above before EGM - to allow the kiasi to sell before EGM. likely in a month time probably in early april...


believe me this will be the darling stock once oil price recover in 2nd half and next year.

only those nutties will think oil price will remain low forever.. oil price around usd34 pb - Sona is making gross profit of 30%

if oil price usd40 pb which is already good for Sona - gross margin is 53% (you can expect the share price to double)

any oil price above usd50 pb is a bonus (then the price will triple)

if 3/4 of the my wish list above is achieved, EGM hurdle is not a problem

my crystall ball said all is fine and Hadi is a new B... within 3 yrs... all shareholders are happy to ride on his success...

my advise is to sell other oil n gas counters eg SPK, UMWog....
even oil price at usd50 pb, sona is laughing all the way to the banks, other supporting oil companies are still suffering frm poor business, they need oil price at least usd70++ to flourish

in addition - sona has no debts - debts free free, zero debts, other oil n gas counters are loaded with debts debts in billions eg SKP rm10B, umwog rm3 B....u calculate their interest cost in poor business environment in support services, kaput kaput...

time to switch counter from other oil n gas support services to sona....

joke aside
warrant buffet of malaysia aka TTB also lost money in Parkson
one time TTB's favourite stock that bring him to holland
holding from big profit to lost now...
what a silly TTB, overhold the stock, just cant believe he is so naive

shud not invest based on nta
invest based on prospects and potential earning

in same situation as UNISEM and MPI when the chip makers expanded extensively when business were good then

same with oil n gas support services