Reset deal strategy:

Step 1 - continue to go through the deal process, as neither sona nor salamander want to misstep by stupidly giving a right to the other party to sue for breach of contract - sona has upper hand because msian cost is 5x cheaper than in uk.

Concurrent with step 1, work with another oil n gas partner ( REACH ? ), to the possibility of cash buy out of the entire 100% Thai oil field - costing around rm 1.3 to 1.5 bil. At the very least, can jam the Orphir deal - after all both salamander n Orphir have already openly play "dirty".

Let see if the above can come out to light, as the Thai oil fields are just stone throw from kelantan. That gives a huge upper hand to msians than to them.

SONA is the best stocks to own and keep. So accumulate as much as you can afford at these current battered down prices ( 45 to 47 sen, with key support at 45 sent ) - done deliberately by the rich to accumulate more by squeezing out the poor. Give yourself 6 months for the company to secure a lucrative oil fields - gas field is loosing money due to, by the unstable nature of gas - very heavy investment required to pump up the gas and to bring it to consumers. Even big oil companies do not want to do gas business. It is very easy to buy Indonesia oil fields, but the quality and political risks are very high. I suspect, SONA is aiming at oil fields in Malaysia from PETRONAS, which are proven best quality and quantity oil fields - easy to access with low capex required. Do not waste your time on those penny stocks. You may make some money ( very little ), but you may have forgone a life in time investment in SONA, by failing to have accumulated the most, before the stock flies. The rich has positioned themselves already, and why the poor still wait for???

What does it mean of buying a oil producing fields to you and I - very small "disadvantage" investors ? The following are ball park figures - you can check with any geoscience engineer or petroleum engineer to verify.

Based on:
1. 5,000 barrels of oil per day
2. Oil selling price USD 100 per barrel
3. Cost of production USD 30 to USD 50 per barrel. Note USD 15 to USD 20 cost per barrel from the most efficient producer and from the best fields.

So, based on 300 days of producing days, total revenue is USD 150 million per year , and net profit is USD 75 million (i.e RM 240 mil using 3.2 exchange rate ) - I use a USD 50 cost, a very conservative figure, so that unforeseen costs, if any, has been factored in. And what is the market value of the whole company? Say, PE 20x , the company is worth about RM 5 billion, or RM 3 per share.

The numbers are just purely based on proven and producing fields of 5,000 barrels per day. In real cases, there are also proven but not producing reserves, as well as prospective reserves in adjacent already producing fields, and it is a stepping stone to shop for other good development and producing fields in proven basis. If one includes these benefits, in practise pricing will eventually factor these "high hanging fruits" into the share price.

This a a wonderful business to everyone. In addition, SPC is guaranteed by "laws" that if QA is not purchased within 3 years or you vote against QA, you still get back the 90% IPO price. There is no other places in the world that protect the down side but let you enjoy unlimited upside!!!

Note, SPC was started in the USA at a time when the US economy and oil industry sector were in the worst period. The smart washingston guys devised SPC to resuscitate the entrepreneurship and instantly creating wealth in the economy.

This kind of opportunity, i call it, is a once in a life time to define one's life path - at least in money sense. So, now you can feel confident and beat any so called best fund managers or analysts or banker in town?

Somehow in the end, SONA is the darling stock everyone will talk about soon and in 2014. Time to move out of the shadow of Habicus. With rM 550 mil plus borrowings ( say 1 x gearing ), RM 550 mil, total RM 1 bil is in hand to buy an already oil producing fields in shallow waters, where production costs are much lower. A 10,000 barrels of oil per day is within reach, with low end of 5,000 barrels of oil per day in sight!!! How is this been played out? Just buy a smalll producing fields, then with money made drill further in adjacent fields. So, so much newsflow to support the stock along the time. You can beat any best funds manager in town. Remember the big cats are already holding big sums in the stock (retailers did not get much from IPO). They will eventually get tired of waiting for another 6 months, while seeing other oil and gas counters counting money in banks, and their initial gains 10 to 20% gain from iPO is getting thiner - by inflation???