menly, are u stupid ? I know all the director get the salary ! Did u study the financial statement, how many million use to paid this stupid director salary, how many million is using to evaluation oil asset, how many million is use for employees benefit ! Menly (Malay people call it otak udang ) , u should eat more porn in order to cleaver as chinese ! Thank You
die hard liao........i hold alot of cliq -wa can't blame anyone....i admited i am greedy and believe CLIQ sure got QA... have to work hard to to cover back my huge loss :(
Kamarul Baharin bin Albakri Executive Director/Chief Financial Officer Kamarul Baharin bin Albakri, a Malaysian, aged 52, is our Executive Director/CFO.
He began his career as an auditor with Arthur Andersen & Co in 1988 where he was involved in the audit of companies in wide-ranging industries, including PETRONAS Carigali, as well as business advisory. In 1993, after 5 years as an auditor, he joined the Corporate Finance department of the then Arab-Malaysian Merchant Bank Berhad (now known as Aminvestment Bank Berhad) where he was involved in corporate finance and privatisation advisory until 1994.
Cliq Energy: Extends time for Kazakhstan acquisition. Cliq Energy and vendor Phystech Firm LLP have mutually agrees a one month extension for Phystech to execute the business transfer agreement (BTA) between itself and the special purpose vehicle (SPV) to transfer its assets for the production of hydrocardons at oilfield blocks at the Karazhanbas Northern Deposit in the Kazakhstan, contractual obligations and certain existing employees to the SPV. (Source: The Sun Daily) what are the idiot doing ?
Price of oil is now usd65? Can sell petrol to Malaysians! When is their age gogrill them? Already got enough time to do the necessary. Why further one month and now another month delay ???
The valuation of an e&p company such as Cliq should not be calculated on the production per day capacity (700 bbld), that would be misleading. Rather, Cliq's share of 2P (proven & probable) reserves (of around 21mbbl) should be used instead.
A simple (Pluck frm sky)example: REVENUE 1 barrel of oil (URALS) would fetch revenue of USD65.
COST Cost to Cliq to produce 1 barrel is: Cost of purchase from vendor is USD 5.85 Cost of extraction (on shore) USD 14.00 Cost of transportation to oil pipeline USD 5 misc cost USD 10 tax to govt USD 20 Total cost USD 55-ish
Profit per barrel would then be USD 10 per barrel
Multply this with the amount of oil (21mbbl) and you get about USD 210M (about RM 770m)in valuation for Cliq (ignoring discounting). Take RM770m and divide with the number of outstanding shares...hahahahha
"COST Cost to Cliq to produce 1 barrel is: Cost of purchase from vendor is USD 5.85 Cost of extraction (on shore) USD 14.00 Cost of transportation to oil pipeline USD 5 misc cost USD 10 tax to govt USD 20 Total cost USD 55-ish "
wowww...kalu brent jadi 50USD/bbl --> bungkus and jual nasi lemak
sounds logic on what oracle_of_delphi is saying... seems like we are too focused on bashing the management, but lets just say if oracle_of_delphi is saying is right...what are other potential downside of this deal? It's on-shore, plus the cost is relatively way lower than off-shore (oops Sona, bad move)...
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Posted by mililia > 2015-06-02 11:15 | Report Abuse
Watch this space. Either there is insider accumulating or effort is done to push up the share price.