I think they do in parallel...time is of essence...if this deal fails, they have 1.5 yrs left

trustful...ex: king of stocks, king of sharks...wakakaka

"trader66 Salamander is not easy to deal with as they are using Sona to bargain with others like Cepsa & Ophir. These people are not trustful like us. "

this has to be the best sentence for today...

guys...SONA calling for EGM...book your seat!!!

and all the 3 companies shareholder taken for a roller coater ride for nothing

in the end SONA might end up with no QA...SMDR end up still as an IOC....and Ophir don't acquire nobody...hahahaha

@ktsk88 exactly...however SMDR already cornered about 27% of SMDR shares (including those with LOI only)...so SONA deal might not get thru too since it is Class 1 transaction like Ophir

Hadian wanna ask McKenzie why secretly go dating

by 5pm today or tomorrow we probably will know SONA's fate...<for those still holding out the the hair strands :-)>

another announcement...wow...drama betul...at least not boring Cliq style for sure

look at ophir balance sheet...their revenue past 3 years...

and SMDR wants to be takeover by them!?? something fishy here...probably that why fat kid Jho Lo blah first...he's fat but I bet he's not too bad up his head...

maybe SONA better cut this sandiwara short and move on!!

SMDR has reportedly cornered about 27% of the shares to vote against SONA disposal...

however the irreversible one is only 16-18%...the remaining ones only letter of intent...this can always swing...

well..see Hadian power or not will know soon

those SC goons also....what more can one say!???..57 days baru approve...wowww

SONA go ahead...they cannot pull out...else $$$ loss on them...but how can they secure the majority required in SMDR shareholders???

looks like a lose-lose situation...unless they pull the rabbit out of Hadian hat soon!!

after reading xbotzz feel got some hope...wakakaka

@ktsk88 best thing said today!

wakakakaka

MrBuffet..insider? kekekeke

don't make us all happy then nangis sampai banjir ya

aiiikk...naik lagi...apuneh!!???

well done SC...u memang AMANAH, BERSIH, tak CERKAP

actually it is good if he call EGM...shareholders can get as many info as possible

tak guna buy SALA shares...first thing it is SALAH...second thing they already corner 25%...u must ask KOS 30million bounty can lah

Hadian gonna make SALA pay...drag them thru hell and ask them compensation for the troubles :-)

verey time announcement they say committed...that's good!!!
BUT IS SMDR COMMITTED??

now if SONA can corner some of the big shareholders in SMDR...then they would stand a chance!!!

memang 1 Malaysia style...bayar saman last minute...beli barang skolah last minute...SC apprv last minute

SC finally bangun...too late!!!??

no!!!

withdraw purchase...

Will KOS TP RM4 become 0.04?!!

http://www.theedgemarkets.com/my/article/sona-said-get-malaysian-approval-salamander-thai-assets

If only SC approved it earlier....

Itu kawan must be sendiri

@fauzan u need to normalized the deal....SONA is only 40%....if u translate to 100%...much more...

The SMDR directors wanna retire early...can't help it

Lu banyak percaya Lu puny a kawan-----percaya sendiri ya

SMDR and gang already cornered 27% shares...
that's why they keey buying back their shares...same with Ophir...so that they hope can get 75% when it goes to voting

and this is on condition the SPA has to be terminated....by SONA / SMDR....

but SMDR curi2 belakang SONA pi dating sama Ophir...

they cannot unilaterally terminate...

to me...looks like it will go to the shareholders of SMDR now...

as I said...up to if they want real money or paper money!!

in principle, the board of director and some shareholder already agree they will vote against SONA...

abut 27% of them taken this undertaking...

in order to go thru, need 75%

ophir also need to get their shareholder approval...if they accept they will see dilution of their shares

It's up to smdr shareholder to decide now...want money (SONA) or want shares (Ophir)....

If u are them. ...what would u choose???

5600bbls/dayx365daysx80 USD/bbl...that's USD165million in revenue!!!
say G4/50 has a potential of 10kbbl/day --> that's another 4000bbl/day for SONA...at a FOC of 2 shots of drilling...

SONA has great potential to hit ~ 10,000 bbl/day....compare this to Hibiscus/Cliq/Sumatec/Scomies etc...revenue nearly doubles...

I would say worth the risk!

the upside in G4/50 is great...ppl are jostling for this goldmine...hopes SONA makes it

today is already 57th working day...hmmmm

@taukeh derrick I mean that's it for ophir deal if they don't put a firm/finalised offer by today...deadline today...unless Smdr says I extend kasi u another 1 month

Well....tomorrow is deadline ophir to give a firm offer...else that's it

No lah, second stage, third stage also pass

it has broken the 0.19/0.195 resistance level...now will sideways 0.20++...

grab some before it goes 0.25++

$$$$

not an expert...but my inputs:

leak I think from investment banking...mgmt. leak also not that many ppl...
SC approve --> SONA/SMDR --> EGM

implication...is KOS rugi besar...more than 30million for sure..BUT I trust SONA mgmt. can get an alternate QA...so if dip we buy from KOS when he sell

54th day......