Posted by prc4wifefe > 2015-04-19 16:51 | Report Abuse

tu Tengku Sudah buy buy warrants!!!!!! Not worthless meh???!!!!

Posted by mililia > 2015-04-19 22:26 | Report Abuse

Quite surprising to see Tengku the Principal Officer purchase warrants instead of the mother share. What's more surprising is, those warrants at acquired outside tradition hours. I'm sure at the price his pay, he can abundant from the market. But why purchase after trading hour?

No one will know. But on thing for sure, warrants are worthless if no QA by the 3rd year. His purchase though not very significant still represents confidence that QA will be approved. But I believe his purchase of the warrants will not stop there. Things will move very fast from here, I suspect.

Posted by angct1028 > 2015-04-19 22:38 | Report Abuse

Because of the hike of the oil & the QA cost is quite cheap.

Posted by prc4wifefe > 2015-04-20 07:54 | Report Abuse

@millilia...mana u tau outside trading hours??

Posted by prc4wifefe > 2015-04-20 07:55 | Report Abuse

Tengku confident QA approve...and Tengku pun mau convert to main share

Posted by cowboyjoe > 2015-04-20 10:30 | Report Abuse

Cliq QA is too expensive. It is paying twice the amount that Sumatec is paying for a field that is just adjacent to Sumatec. Look like it is buying more on desperation rather than on commercial...

Posted by nice1 > 2015-04-20 10:33 | Report Abuse

looks like overprice though oil price is low vs last year

but not easy to buy cheap, few seller, unless sellers are desperate for cash

hard to find good QA at good price

Posted by cowboyjoe > 2015-04-20 10:41 | Report Abuse

Anyone thinks Cliq QA is cheap should do a comparison with Sumatec acquisition. Their field are just adjacent to each other. Details are all in their multiple proposal...

Posted by Keng Seng > 2015-04-20 11:03 | Report Abuse

@cowboyjoe you trying to compare sumatec with cliq acquisition ? one is currently under exploration and another one is producing field with proven reserve...

Posted by azzet > 2015-04-20 13:14 | Report Abuse

Keng Seng... u spot on...

Posted by prc4wifefe > 2015-04-20 13:35 | Report Abuse

thing is Sumatec field EBITDA figures pun tarak...at cliq ada lah

Posted by cowboyjoe > 2015-04-20 19:09 | Report Abuse

Under exploration? Look at their proven reserve..and page 8 on current production.. http://www.bursamalaysia.com/market/listed-companies/company-announcements/4387961
Buying at around twice the price appears like desperate act to meet the deadline of 3 years

Posted by Keng Seng > 2015-04-20 19:27 | Report Abuse

@cowboyjoe oh yea, you win you win, 26 wells compared to 135 wells, how many years and resources you need to develop additional 100+ wells, as long as cliq and sumatec are capable to drill all the proven oil reserve, we are the winner, cheers...

Posted by mililia > 2015-04-20 23:32 | Report Abuse

cowboyjoe:- Your view is too simplistic. You should also consider the NPV from the cash flow, the CAPEX required for well development (if you understand Keng Seng's sarcasm) plus you need to get your fact right, ie. Which company acquired an offshore well and which one is acquiring and onshore well? Why is it important? Cause onshore well has lower CAPEX and has shorter payback period. And with shorter payback period will result in higher NPV and higher valuation.

Tell me if I'm wrong. Please don't look at one parameter and straight conclude it is an expensive deal. Cheers...

Posted by Keng Seng > 2015-04-21 12:51 | Report Abuse

@mililia, wow, you did your homework ! hope you get your expected return after a month+

Posted by cowboyjoe > 2015-04-21 13:17 | Report Abuse

mililia..sumatec field is just 1-3 meters deep offshore...even if need to build artificial island, it will be much cheaper than to pay double for the acquisition price. Your money...your decision.

Posted by Keng Seng > 2015-04-21 16:40 | Report Abuse

@cowboyjoe never ever buy a share if you know nothing about it hahahaha, please go and read page 236 for your references. i just cant stop laughing at your comments ~

Posted by speakup > 2015-04-21 17:05 | Report Abuse

biasalah.
cliq bila 66sen, semua tak nak beli
cliq bila 76sen, semua rebut beli

Posted by speakup > 2015-04-21 17:12 | Report Abuse

i play frontkn sama je. bila frontkn 18sen semua not interested, tak nak beli. sekarang frontkn 28sen semua rebut beli.

Posted by cowboyjoe > 2015-04-21 18:16 | Report Abuse

Keng seng...let's see who have the last laugh. Cliq acquisition already rejected by HK listed co..Willie International Holding few years back. If so good, Cliq will not have a chance to acquire...

Posted by Keng Seng > 2015-04-21 18:30 | Report Abuse

@cowboyjoe ok ok you win ... hahahha

Posted by eagle > 2015-04-22 12:42 | Report Abuse

haish....no further news on the QA. Anybody know?

Posted by menly > 2015-04-23 13:42 | Report Abuse

cowboyjoe which news u read? i read tht HK co canceled long years ago because they wanted buy tht kazakh co but price not agreed.
this cliq buy asset frm tht kazakh co and not the co so big different lor.
buy asset u know so minus all liabilities minus co. very straightforward deal this one.

Posted by menly > 2015-04-23 13:44 | Report Abuse

why u guys compare sumatec and cliq one.
tht sumatec asset exploration need put lot moneys to produce and get cash flow. so, buy cheap cheap lor.
this cliq buy producing asset with cash flow oledy in place.
different u know. aiyaaa

Posted by cowboyjoe > 2015-04-23 17:58 | Report Abuse

menly...aiyoh i read hk co quickly cancel the deal after due deligence. Scare alredi ohh but cliq very brave. Brave never mind but dun be foolish will do..Once QA cancel, will drop like a bomb...pray hard.

Posted by yamatotrading > 2015-04-23 22:40 | Report Abuse

lai liao

Posted by mudinvest > 2015-04-23 22:44 | Report Abuse

Huat Ahhhhhh Cliq!! Very low profile and not the type of attention seekers like other SPACs by making sure every steps taken is calculated. Its ShowTime Cliq!!

Posted by prc4wifefe > 2015-04-23 22:54 | Report Abuse

Be clear what you getting with CLIQ.....

QA for 700bpd after 2 long years!!!!!
U need to stay damn long to even reach 0.75

Posted by cowboyjoe > 2015-04-23 22:57 | Report Abuse

Better to buy sumatec with 50% discount on the proven reserve..

Posted by CLIQmanagement > 2015-04-24 09:19 | Report Abuse

TQ cowboyjoe for your advices. You purposely come to cliq forum to save everyone.

Posted by menly > 2015-04-24 09:29 | Report Abuse

Walaweiiii from the star today aaa

Thumbs up for CLIQ’s Kazakhstan oil field acquisition
Thursday, 23 April 2015

KUALA LUMPUR: CLIQ Energy Bhd’s proposed acquisition of a 51% stake in a special purpose vehicle (SPV) in Kazakhstan for US$117.3mil (RM426.5mil) is “fair and reasonable”, according to the independent valuation expert appointed for the purchase.

CLIQ Energy, a special purpose acquisition company (SPAC) which aspires to become a global exploration and production firm, had earlier proposed to acquire two oil-producing blocks in the Karazhanbas Northern Field concession area from Phystech Firm LLP.

The company told Bursa Malaysia on Thursday that Deloitte Corporate Advisory Services Sdn Bhd had in its Fairness Report dated April 22 estimated the range of fair market values of the 51% equity interest to be between US$112.6mil and US$124.4mil (RM409.45mil and RM452.33mil).

Hence Deloitte had opined that the purchase consideration of US$117.3mil was fair and reasonable.

The SPV will later seek a listing on the Kazakhstan Stock Exchange.

http://www.thestar.com.my/Business/Business-News/2015/04/23/Thumbs-up-for-CLIQs-Kazakhstan-oil-field-acquisition/?style=biz

Posted by menly > 2015-04-24 09:33 | Report Abuse

haiyaaa cowboyjoe of course sumatec discount one bcoz need invest to get oil out maaa.
like buying car of course there car but no engine one. need buy engine.

cliq buy car with engine so drive lorrrr just need extra tuning to make faster.

Posted by ksyewks > 2015-04-24 11:39 | Report Abuse

i think @cowboyjoe should write an article to compare sumatec and cliq for us haha would appreciate for his hardwork
@prc4wifefe it will boost up the share price to at least 0.72 once sc approved the deal, trust me.

Posted by prc4wifefe > 2015-04-24 18:11 | Report Abuse

Yes, trust me....0.72....wakakakaka....ini 700boepd...oh my god....what the hell are they thinking of??

Posted by derrickinvestor > 2015-04-24 19:01 | Report Abuse

prc4wifefe i tot u sold all d...

Posted by prc4wifefe > 2015-04-24 22:20 | Report Abuse

@derrick I washed off CLIQ with losses...

Turns out mgmt really OKU after being cursed as OKU endlessly...

Look...Julian also want to sell....0.72....wakakakaka....

Posted by prc4wifefe > 2015-04-24 22:43 | Report Abuse

2years and they want to buy a 700 bpd field....OMG

Posted by cowboyjoe > 2015-04-25 19:56 | Report Abuse

0.72....use wat oil? Cliq oil? Let's wait...i have waited sooo long.

Posted by ksyewks > 2015-04-27 10:40 | Report Abuse

@prc4wifefe how the hell you get 700 bpd ? its 1400+ bpd

Posted by JKing > 2015-04-27 15:20 | Report Abuse

if oil price bounce back to USD70 per barrel, it is a good potential for cliq. it forecast and assumption is USD70 for 2016 and USD85 for year onwards.

Posted by CLIQmanagement > 2015-04-27 16:08 | Report Abuse

1400 bpd x USD 55 x MYR 3.50 x 365 days x profit margin 20% = MYR 19.67 mil profit per year.
Is is calculated in this way ? if yes is a bit way too less to get a 15%ROA.

Posted by ksyewks > 2015-04-27 19:04 | Report Abuse

@CLIQmanagement no increase on production ?

Posted by nice1 > 2015-04-27 19:47 | Report Abuse

now, credit suisse started buying sona and sell cliq

Posted by prc4wifefe > 2015-04-28 08:05 | Report Abuse

@cliq mgmgt......1400bpd only 50% goes to cliq

Posted by prc4wifefe > 2015-04-28 08:07 | Report Abuse

@ksyewks how the hell u didn't scrutinize the details!!??

Posted by prc4wifefe > 2015-04-28 08:08 | Report Abuse

look...Julian is looking to sell too...

I don't have doubts that QA will pass the EGM...no problem...its the return shareholders will get out of this deal!!

Posted by ksyewks > 2015-04-28 10:11 | Report Abuse

sell it fast guys, i'm queuing to buy everyday

Posted by prc4wifefe > 2015-04-28 10:26 | Report Abuse

good luck

Posted by CLIQmanagement > 2015-04-28 11:00 | Report Abuse

this is bad...

Posted by wolf1 > 2015-04-28 11:00 | Report Abuse

what is the conversion price for warrant?