See people here monitor oil price everyday...it is down from highs of 100+ no doubt...

But no worries, once G50 field, which is a prolific basin, has oil discovery....SONA can easily double their revenue with this new finding!!!!

Don't count 60 days...

U need count number of WORKING DAYS...

pls redo and share the final date

All coming in Oct~jan timeframe

Sc approval....share holders approval....Nov 30 earnings. ...spudding g4/50....o&g discovery highly likely. ...re-rating of reserves......

Ya got friend working sona...Fren kasi tau postpone...ya betul...jokers

20 October 2014

Salamander Energy plc ("Salamander" or the "Group")

Update on SONA Transaction

Following the recent announcement on 21 July concerning the transaction to divest of an interest in the Greater Bualuang Area, Salamander today announces that it has submitted a draft shareholder circular to the Financial Conduct Authority.

Salamander previously announced on 21 July 2014 the signing of an agreement under which Sona Petroleum Berhard ("SONA") would acquire an effective 40% working interest in the B8/38 concession (containing the Bualuang oil field) and the surrounding G4/50 concession, both located in the Gulf of Thailand (together the "Transaction").

Salamander understands that SONA is expecting to receive clearance from the Malaysian Securities Commission ("MSC") in the coming weeks. Once the MSC clearance has been received then both parties intend to seek their respective shareholder approvals in accordance with their contractual obligations under the SPA. Completion of the Transaction is conditional on, amongst other things, obtaining these approvals and is expected to occur before the end of 2014, in keeping with the timetable previously outlined.

Ya...rumor postpone...ya betul...see below...

yes, operational cost 16.6...that's why SONA mgmt. know this is a damn good deal...

these SONA people are top class mgmt...they don't sikitjap submit sikitjap withdraw....

they know what they are doing

people think u joker mah laugh loh!!!

oku mgmt. paling bodoh???...betul ke....3 tahun high pay no work....pandai ke bodoh??

shareholder rebut2 beli...

siapa pandai siapa bodoh!!??

ini hari orang cakap delay 3-6 months....pigidah

itu hari orang cakap ini hari suspend...pasal ada announcement....pigidah

Reach has 750million ringgit to buy asset, if they don't take loan. ....SONA is using 900million to buy assets...obvious which one more valuable

Coz no news....u need patience...not contra

apunehhhhh!!!

harga minyak tiap hari turun....harga petrol Malaysia few months keep increase... ;-)

Kamarul Baharin Albakri October 6 at 10:17pm ·

Nominated as one of the speakers in the Oil Council APAC Assembly in January 2015, to be held in Singapore. Extract of the assembly agenda: 14.00 – 15.15: Financing New Upstream Developments by Leveraging APAC’s Capital Markets: Finding, Accessing and Securing the Right Funding Solution Jason Cheng, Co-Founder and Managing Partner, Kerogen

Bo Bai, Executive Director, Energy Investments, Warburg Pincus Kamarul Baharin Albakri, Executive Director and CFO, CLIQ Energy Stuart Joyner, CFO, Primeline Energy PLUS: Series of International Investment Insights as O&G Companies Share their Growth Strategies and Government Ministries/Agencies Share their Investment Opportunities

Semua condemn Cliq....tapi credit Suisse sapu 31million shares

based on what they say, once SC approve, Salamander and Sona settle EGM within 2 weeks...

so they can book the profits into Nov quarterly report hopefully....hehe...

I am looking at range of EPS 8cents to 10cents...

waiting for asset injection...

yes, and that's why in your case it is a sick sense....wkakakaaka

hey!!! SC might even approve it before 19 days u know!!

wow...so rich u

I believe this the reason for MIDF talk about

Retailers no power

SONA mgmt need to get an institutonal to mop up the shares

Rileks lah...as per CLIQ mgmt

http://midf.com.my/index.php/corporate-events-2014/1515-midf-luncheon-talk--sona-petroleum-berhad--23-september-2014

yesterday's luncheon was good...only downside is disappointed they didn't have a backup plan in place

time to sell some

so bullish ...good

mana-mana pun ada contralah

@Cliq management. ...Per tong operators in Thai water make USD45....

HOWEVER. ...need to deduct the service of their loan....

Assuming a 5-6 years repayment i work out the EPS to about 0.10...very high indeed

Aiyo...got people wanna buy meh WA.....U is it?

Whatever the case, once SC. and shareholders approve they are outputting 5600 boepd...

Question we ask..HIBI and SUMA how many boepd!!??

At the time HLIB announce the target price of 0.79....SONA trading at 0.54...

According them this is 31% discount of 0.79....it is also < 10x PER....

Assuming 0.54 is PER 9x means thatEPS should be 0.54/9= 0.06

SONA as a medium size O&G should be trading at around PER 15x to 18x..

Meaning share price of 90¢ to $1.08...

come one...stop comparing SUMA to Lundin, Talisman, etc..
SUMA is a money losing company which just went thru a regularisation so that they can come out of PN17...

those companies are another league...

dia tu multi millionaire mah....
sekarang beli...jatuh 0.4 dia beli lagi...average down...nanti naik 0.005 sudah bikin duit...

dun play play...kekekekeek

need kakak Noraini deep pockets to buy SUMA now

HLIB give a target price of 0.79...by back calculation method...EPS is pretty good at ~0.07

Go see HIBISCUS and SUMA and CLIQ how much is their EPS!!!

Projek mimpi Dan goyang kaki 3 tahun

Siapa nak subscribe rights ini macam??? Say rights 0.08, exercise 0 40...total sudah 0.48

Besok suruh u makan veggie

Of coz got fb lah....

These past 1.5years they just play candy crush, fb, linked in.....sudah lupa about QA

ini hari tarak veggie...besok cuti...tinggal 3 hari

kasi hantam sama dia...dia delete aje...

ada 121 followers ....

Next week...circular to shareholders about rights...

1 month later EGM.....

Rights issue to pay off loan....aiyo