Posted by oracle_of_delphi > 2015-06-23 17:03 | Report Abuse

What investors should be looking at is whether:

1. Was the oil field bought at a reasonable price (I think so, they somewhat took advantage of the oil price dip at the end of 2014, didn't they? lucky perhaps?)
2. Is Cliq's developement plan a good one?
3. Will all the above result in profit?

In any case, I don't think there is a problem with the current production amount (1,400 bbl/d from 90 wells), considering what Cliq is doing is to buy a somewhat under-developed oil field and try to develop it further.

Cliq's plan to implement polymer injection is spot on considering that EOR methods have been known to work well with sandstone formations such as the field that Cliq bought. Added with the plan to add more wells, Ziyad mentions a target of 7,500bbld in two years. Ambitious? perhaps. IMHO, it might not go that high, but a tripling of flow rates to around 4,000, maybe 5,000 bbld should not be too difficult to reach in two years. With other EOR methods used until 2031 (end of subsoil use contract), they should be able to recover a good amount of all that oil.

All their other development plans are also in the view of reducing cost. I guess in the end, if you think they can pull it off, then you'd be looking at an enterprise value like the one i calculated above, or more. Otherwise, the current market price should be about fair (money in piggy bank remember?).

Posted by prc4wifefe > 2015-06-23 22:35 | Report Abuse

Besok sure rocket up....market don't lie....i3 investor do

Posted by mudinvest > 2015-06-24 09:15 | Report Abuse

the share price would only move when 1) the deal is completed 2) QA approved by SC and shareholders 3) actual production in Kazakhstan...in other words, gotta have little bit more patience..

Posted by ksyewks > 2015-06-24 09:46 | Report Abuse

once SC approval, share price will rocket to at least 0.72

Posted by mudinvest > 2015-06-24 09:56 | Report Abuse

but that is mere speculation, by right the share price will only shoot up when actual production happens in Kazakhstan. Then again I still think that it is a good deal though. Just have to patiently wait. But if the share price shoots up (because of speculation) also good lorr..can make money faster... haha

Posted by eagle > 2015-06-24 10:47 | Report Abuse

What happened? No volume yet today...

Posted by supernova > 2015-06-24 10:53 | Report Abuse

weird though. 2 hours passed

Posted by cliqmanagementteam > 2015-06-24 15:13 | Report Abuse

SC approval ? I think the director will only give you people a piece of shit !
Do you think the stupid director who do nothing will get the SC approval ?

Posted by prc4wifefe > 2015-06-24 15:58 | Report Abuse

aiyo...like they say wait till SC approval...

last time was wait for QA....kekekeke

Posted by mudinvest > 2015-06-24 21:39 | Report Abuse

look at Cliq's latest announcement in Bursa today.. seems like its going well so far... professionally and in a very low profile kinda way, one step at a time guys... not like some other SPACs with too much 'hot air'..

Posted by cliqmanagementteam > 2015-06-25 10:04 | Report Abuse

wait for few month, they will give us nothing ! This management team is brainless !

Posted by cliqmanagementteam > 2015-06-25 10:06 | Report Abuse

One month extension pass dy, the stupid director still not yet annouce something ! The most useless and brainless director, just taking the investor money and enjoy !

Posted by Barbking > 2015-06-25 10:36 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4781725

Posted by mudinvest > 2015-06-25 10:59 | Report Abuse

we just need to put little extra effort to be able to think wisely, using our brain, to fully understand the flow of Cliq's direction via its latest announcement which was yesterday (the 1-month extension)... just an opinion..

Posted by yamatotrading > 2015-06-25 20:05 | Report Abuse

what next ?....

Posted by prc4wifefe > 2015-06-26 08:47 | Report Abuse

Nothing really

Posted by menly > 2015-06-26 09:48 | Report Abuse

u guys real shareholders or not? read prospectus. first must satisfied assets buy all in place then must get sc approval then must get our approval in egm. if u don't know this u not real
shareholders.

Posted by menly > 2015-06-26 09:50 | Report Abuse

PETALING JAYA: Cliq Energy Bhd has entered into a business transfer agreement with Phystech II, the special purpose vehicle in which the company is buying a 51% stake from Kazakhstan-based Phystech Firm LLP.

The agreement involves the transfer of assets, property, contracts, and rights for production of oil in two partial blocks in the North Karazhanbas field. On March 24, the special purpose acquisition company said it would be buying the 51% stake from Phystech Firm for US$117.3mil (RM433.4mil).

The company expects the acquisition to be completed in the fourth quarter of 2015.

http://www.thestar.com.my/Business/Business-News/2015/06/25/Cliq-in-business-deal-with-Phystech-II/?style=biz

Posted by cliqmanagementteam > 2015-06-26 14:14 | Report Abuse

PETALING JAYA: Cliq Energy Bhd has entered into a business transfer agreement with Phystech II, the special purpose vehicle in which the company is buying a 51% stake from Kazakhstan-based Phystech Firm LLP.

The agreement involves the transfer of assets, property, contracts, and rights for production of oil in two partial blocks in the North Karazhanbas field. On March 24, the special purpose acquisition company said it would be buying the 51% stake from Phystech Firm for US$117.3mil (RM433.4mil).

The company expects the acquisition to be completed in the fourth quarter of 2015.

Posted by cliqmanagementteam > 2015-06-26 14:15 | Report Abuse

Take 3 months for business transfer agreement, I think this stupid fellow just simply annouce something, after 3 months it will cancel the acquisition. Right ? Stupid management team ! Stupid Director !

Posted by cliqmanagementteam > 2015-06-26 16:20 | Report Abuse

After Hisbicus, all the Malaysia Spac are scam who only know to take the investor money !

Posted by prc4wifefe > 2015-06-26 16:27 | Report Abuse

many here still waiting for 0.72, 0.75...hehehe...can dream on...like what cliqmanagementteam says stupid director...couldnot agree more

700bpd mana cukup cashflow....they betting on 100% WA conversion for $$$$

Posted by Abudance > 2015-06-26 20:39 | Report Abuse

When is cliq agm?

Posted by prc4wifefe > 2015-06-27 08:13 | Report Abuse

Might be soon....dia orang makan angin kau2 dulu.....nanti tak dapat re-elect....susah lo....kekekeke

Posted by gudanggaram > 2015-06-29 11:44 | Report Abuse

last year when AGM if you know the right people, you can get angpow if you vote to re-elect the right people.

Posted by albukhary > 2015-07-01 13:41 | Report Abuse

If let say CLIQ winding up today, as a shareholder, how much capital repayment I can get back?

Higher or lower than RM0.65?

Posted by limweising00 > 2015-07-03 08:52 |

Post removed.Why?

Posted by limweising00 > 2015-07-03 08:58 | Report Abuse

They just let the time to passed and then announced they have no sufficient time to acquire asset ! Take 3 year salary and do nothing !

Posted by limweising00 > 2015-07-03 08:59 | Report Abuse

Shame on your mother who birth this kind of son which take the public money without making any contribution !

Posted by ksyewks > 2015-07-03 18:22 | Report Abuse

dont worry guys, sc submission soon

Posted by yamatotrading > 2015-07-04 19:30 | Report Abuse

thats what i heard too... but SC approval chances is very low..

Posted by prc4wifefe > 2015-07-06 09:16 | Report Abuse

phystec rejected before as QA by another HK company

Posted by limweising00 > 2015-07-06 15:56 |

Post removed.Why?

Posted by limweising00 > 2015-07-06 16:01 | Report Abuse

Many of my friend told me cliq director before they join cliq, they had been sack out from company. Really pity didn't hear my friend advise !

Posted by menly > 2015-07-06 16:10 | Report Abuse

HK company deal abandoned because they buy phystech as a company with liabilities and all.
cliq buy asset of phystech not phystech so minus liabilities and all. pls read their announcement la.

Posted by gudanggaram > 2015-07-06 16:33 | Report Abuse

you google their name one by one then you know la what lawsuit they are into, the Julian, KBA all got lawsuit.

Posted by yamatotrading > 2015-07-07 10:36 | Report Abuse

most reputable person got lawsuit. Is normal.

Posted by gudanggaram > 2015-07-07 10:45 | Report Abuse

that means Cliq is very strong, with so many reputable person on the same team. But with such reputable team, no result to be seen so far.

Posted by limweising00 > 2015-07-07 12:16 | Report Abuse

They had lawsuit because they didn't use their brain work for their company, they just use the public money to make more money for themself

Posted by limweising00 > 2015-07-07 12:48 | Report Abuse

All of those director take Monthly Salary About RM 80,000.00 just sit there and they get free air ticket including meal, hotel, girl for going oversea !

Posted by yamatotrading > 2015-07-07 16:09 | Report Abuse

im guessing an announcement by these 2 days.

Posted by limweising00 > 2015-07-07 17:11 | Report Abuse

What annoucement ? failed to acuire QA ?

Posted by ksyewks > 2015-07-07 17:19 | Report Abuse

stop giving negative comments lol... sc submission soon

Posted by gudanggaram > 2015-07-07 18:07 | Report Abuse

yamato you work at Sona or Cliq?

Posted by yamatotrading > 2015-07-07 18:34 | Report Abuse

submission of QA..

Posted by limweising00 > 2015-07-08 19:07 |

Post removed.Why?

Posted by prc4wifefe > 2015-07-10 08:50 | Report Abuse

Better to invest in company with unbelieveable no. Of lawsuits. ....Wakaka

Posted by gudanggaram > 2015-07-10 10:45 | Report Abuse

Kamarul Baharin Albakri, Executive Director and CFO, CLIQ Energy


January 2015

Q: Looking back over 2014, what lessons has your company, and indeed the industry as a whole, learned that you’re taking forward into your business planning for 2015?

A: CLIQ Energy started its journey as a special purpose acquisition company (“SPAC”). By definition, a SPAC is an entity with no business and no operational track record. Armed with an experienced and skilled team of board of directors, management team and a pragmatic business approach, we embarked on a quest to list ourselves on Bursa Malaysia (Malaysian Stock Exchange).

Following the successful IPO raising a total of RM336.4 million, today, CLIQ Energy is traversing an exciting phase and we are motivated by what future holds for us towards our goal of becoming a junior, independent, international E&P Company. (1st stage of creating shareholders value)

For 2014, CLIQ Energy Board together with the management team were kept extremely busy sieving through various legal, financial, operational and technical issues that required due diligence following the identification of target assets. At our Qualifying Acquisition (“QA”) stage, we will focus on lower risk assets towards achieving faster financial results in terms of revenue and cash flow.

Upon successful completion of our QA, CLIQ Energy will raise proceeds of RM315.5 million, from the exercise of all the warrants, part of the initial IPO scheme. With the funds, CLIQ Energy will continue to pursue strategic mergers and acquisitions to achieve a balanced portfolio of assets. This will enhance shareholder’s value and ensure medium to long term business sustainability and growth for our new venture.(2nd stage of creating shareholders value)

Posted by gudanggaram > 2015-07-10 10:46 | Report Abuse

Petra Energy ‘mum’ on why CEO was terminated

PETALING JAYA: Petra Energy Bhd has stayed mum on why the services of its chief executive officer (CEO) were terminated on Tuesday. The sudden move has left many investors and observers clueless about what next to expect.

Kamarul Baharin Albakri ceased to be the CEO of the integrated oil and gas brownfield service provider on Dec 20.

He was appointed as an executive director of the group on Feb 18, 2010 and CEO on April 27, 2010.

Before joining the group, Kamarul was the former CEO of TH Technologies Sdn Bhd, a subsidiary of Lembaga Tabung Haji, with an accomplished track record for the last 15 years.

When contacted by StarBiz, Petra Energy corporate communications and branding senior general manager Saperi Rambli said in an e-mail that the management did not wish to comment on the matter at this point in time, leaving analysts puzzled by the sudden change.

One thing is for sure, Saperi said, Kamarul would not head any other subsidiaries of Petra Perdana Bhd and Petra Energy. However, Kamarul will remain a director of Petra Energy.

Despite being without a head right now, the spokesperson said the company was considering its option and was expected to reach a decision shortly.

Another spokesperson of the company said the change in management was not as abrupt as it was perceived.

“The change in management was not abrupt, it's just that discussions had been going on, and it was made known to the public only recently,” he said. Last month the group reported a third-quarter loss due to lower revenue recorded by its marine offshore support services.

It recently said the revision of a daily charter rate for vessel and lower activities for onshore civil engineering services due to completion of the Kumang project in the current quarter had affected its performance.

For the quarter to Sept 30, 2011, the group posted RM13.7mil net loss compared with RM4.8mil net profit the same period a year ago.

Revenue for the quarter was RM158.6mil against RM159mil before.

For the nine-month period, the group posted a RM4.6mil net loss on the back of RM432.7mil revenue. Previously, it reported RM10.6mil net profit and RM484mil revenue.

Posted by limweising00 > 2015-07-10 12:35 |

Post removed.Why?