Posted by chung86 > 2015-09-03 23:41 | Report Abuse

The director told me got 90 million barrel oil and the cost is around 20 usd

Posted by oracle_of_delphi > 2015-09-03 23:50 | Report Abuse

Actually its was like this:

19 mmbl extra if calculate using 25% - 35% recovery rate (thats the average historical recovery rate for oilfields in that area. Cliq used 20.7% to calculate 39mmbl)
70 mmbl possible extra (3p) if they dig deeper than 1000m
90 mmbl if they participate in oilfields adjacent to the cliq oilfields (which are nearing their end of contracts.

I think that the company can only really count on that 19mmbl extra and maybe a portion of that 70 mmbl as well. That other 90 mmbl sounds like a long shot.

Posted by gudanggaram > 2015-09-04 09:31 | Report Abuse

there are so many "if" but one thing for certain is they can't even confirm a single shit.

Posted by mudinvest > 2015-09-04 10:04 | Report Abuse

i see.. thanks for the info.. at least we know there is a timeline.. seems like there's progress..

Posted by oracle_of_delphi > 2015-09-04 11:42 | Report Abuse

Well, KBA did confirm that there is around 72 to 73 sens per share currently sitting in the trust account right now during the Q&A. If anything, the share right now is currently undervalued.

Posted by eagle > 2015-09-08 12:43 | Report Abuse

when SC make decision?

Posted by gudanggaram > 2015-09-09 15:10 | Report Abuse

when is the 3 years period end?

Posted by verbatin1969 > 2015-09-10 11:52 | Report Abuse

can i said no QA and get our money back is better? how would getting QA approved led to the increase in share price? given current low oil price, it might not lead to a higher price. No?

Posted by verbatin1969 > 2015-09-10 11:52 | Report Abuse

rohank71, how do you get 30% (annualised)?

Posted by mililia > 2015-09-11 15:44 | Report Abuse

I think 30% return is excessive. I think a 20% annualized make more sense. The way to do it, is to calculate the return of the cash value over current price. Then square root to the number of months before maturity. Then take the figure root to the power of 12. Then you will get answer 19.78%,

That is why SPAC is that attractive for those that understand and most importantly patient enough.

Posted by yamatotrading > 2015-09-11 20:15 | Report Abuse

my simple calculation is 0.675 x 3.15% x 3.15% x 3.15% = 0.740 - 75% (0.740-0.675) = 0.723 during maturity on April 2016.

buy now @ 0.665 and you will get absolute return about 8.7%.

Posted by kt888 88 > 2015-09-17 10:26 | Report Abuse

Confirm can get 8.7% if buy @ 0.665?

Posted by verbatin1969 > 2015-09-17 12:56 | Report Abuse

Icezz, that is why earlier i ask this question

"how would getting QA approved led to the increase in share price? given current low oil price, it might not lead to a higher price when the SA is approved. No?

Posted by kleboy > 2015-09-17 15:46 | Report Abuse

Why this stable company the price remain only?

Posted by yamatotrading > 2015-09-17 23:16 | Report Abuse

QA approve, anytime go vote against it. you get refund about 0.710.
no QA, wait until Apr 2016, you get refund about 0.723.

For warrant, QA approve, immediately got value.
no QA, prepare to die.

Posted by yamatotrading > 2015-09-21 23:11 | Report Abuse

change of address ??? why ?!?!? going to bankrupt already

Posted by cliqidiot > 2015-09-22 13:45 |

Post removed.Why?

Posted by ksyewks > 2015-09-22 17:57 | Report Abuse

buy it before you regret ! it's coming ~

Posted by yamatotrading > 2015-09-22 22:31 | Report Abuse

im afraid buy and regret only. Today warrant selling volume is considerably high

Posted by eagle > 2015-09-28 12:04 | Report Abuse

when is the QA approval or disapproval by SC?

Posted by tanlungshen > 2015-09-29 09:46 |

Post removed.Why?

Posted by eagle > 2015-09-29 16:06 | Report Abuse

up up and away!

Posted by yamatotrading > 2015-09-29 18:47 | Report Abuse

doesnt look good... looks like making way for larger shareholder to run

Posted by mililia > 2015-09-30 00:09 | Report Abuse

EGM may be announced very soon. You know what it means. The price action speaks a lot.

Posted by yamatotrading > 2015-09-30 09:39 | Report Abuse

dont even get SC approval. no reason for EGM announcement soon.

Posted by eagle > 2015-09-30 09:44 | Report Abuse

confirm SC did not approve?

Posted by yamatotrading > 2015-09-30 10:59 | Report Abuse

i mean dont even got SC approval, no reason for EGM announcement soon. (belum lagi, this is what i meant)

Posted by kt888 88 > 2015-09-30 13:51 | Report Abuse

Credit Sussie keep selling, and once QA is approved, maybe mother will drop, but son sure will go up!

Posted by Abudance > 2015-09-30 15:57 | Report Abuse

If QA about to be Approved ... It would have moved more than 0.5 sen a day la. Son share will rocket up as mother share.

Posted by yamatotrading > 2015-09-30 16:17 | Report Abuse

hrm.. someone just ate all 0.680...

Posted by callme777 > 2015-09-30 17:08 | Report Abuse

6 months to pay up time. No QA la. This is a dog

Posted by VLVL > 2015-09-30 17:38 | Report Abuse

BULLSHIT

Posted by yamatotrading > 2015-10-01 00:04 | Report Abuse

sell or not to sell callme777 ?

Posted by callme777 > 2015-10-01 06:48 | Report Abuse

Yamato, I have held the shares for 2.5 years. I am definitely wating for the big payout in 6 months

Posted by callme777 > 2015-10-01 08:47 | Report Abuse

The stock should be 0.695 as the gap for gain closes to match the timeline of 6 months

Posted by CLIQmanagement > 2015-10-01 11:10 | Report Abuse

ok ok. Thanks Sifu. Im also holding until todate.

Posted by callme777 > 2015-10-01 14:24 | Report Abuse

yamato, that also means we have been in this forum since 2.5 years ago. Well, not a great investment but at least we did not lose money and we make new friends :)

Posted by callme777 > 2015-10-01 14:25 | Report Abuse

We will move on from here soon. Wishing you the best in yr best buys and investment , Yamato

Posted by tanlungshen > 2015-10-02 23:16 |

Post removed.Why?

Posted by Abudance > 2015-10-04 05:27 | Report Abuse

clip management keep saying meet all criteria but bursa still not given the go ahead. What the heck they talking about?! If they did met critters bursa will have approved! Wonder can touch 73 sen?

Posted by CLIQmanagement > 2015-10-06 09:09 | Report Abuse

nothing happen. WTF

Posted by yamatotrading > 2015-10-06 13:24 | Report Abuse

be patient..

Posted by yamatotrading > 2015-10-06 13:41 | Report Abuse

CLIQ ENERGY BERHAD ("CLIQ" or "COMPANY")

We refer to the query letter dated 5 October 2015 from Bursa Malaysia Securities Berhad ("Bursa Securities") to CLIQ Energy Berhad ("CLIQ") regarding the news article titled "New controlling shareholder coming on board CLIQ Energy" which was featured in The Edge Malaysia for the week of 5 October 2015 to 11 October 2015, and in accordance with Bursa Securities Corporate Disclosure Policy, the Board of Directors of CLIQ ("Board") wishes to clarify and comment on the following statements which had appeared in the abovementioned article:

No. Statement in article Clarification
1. "CLIQ is planning to propose a rights issue to fund a shortfall for its qualifying acquisition (QA) to graduate from a special purpose acquisition company (SPAC)" The Board wishes to clarify that CLIQ is in the midst of finalising a fund raising exercise to fund the potential shortfall of the cash available in the Company's trust account to satisfy the cash consideration for the proposed qualifying acquisition announced on 24 March 2015 ("Qualifying Acquisition"). The Company will make the appropriate announcement once the terms of the fund raising exercise has been finalised.
2. "The new shareholder, who is currently a minority, is looking to take up a chunk of the rights issue to acquire his controlling stake" The Board is not aware of any intention of anyone, be it a shareholder of the Company or anyone else, who wishes to acquire a controlling stake in the Company.
3. "It is also anticipating that 25% of its shareholders will vote against the QA" The Board is not aware of any intention of any shareholder of the Company who wishes to vote against the Qualifying Acquisition.
4. "The new shareholder and his proxies are planning to vote against the QA" The Board is not aware of any intention of any shareholder of the Company who wishes to vote against the Qualifying Acquisition.


This announcement is dated 5 October 2015.

Posted by sheep > 2015-10-06 13:57 | Report Abuse

mere speculation?

Posted by eagle > 2015-10-07 11:29 | Report Abuse

hahahaha...haish drama....when SC going to APPROVE???

Posted by yamatotrading > 2015-10-08 13:06 | Report Abuse

someone is hungry eating @ 0.685

Posted by callme777 > 2015-10-08 22:36 | Report Abuse

CLIQ proposes rights issue to cope with potential RM138mil shortfall
http://www.thestar.com.my/Business/Business-News/2015/10/08/CLIQ-proposed-rights-issue-to-address-potential-cash-shortfall

Posted by yamatotrading > 2015-10-08 22:42 | Report Abuse

Gosh..... Mother share should be dropping instead of going up right ?!?!

Posted by callme777 > 2015-10-08 22:44 | Report Abuse

I think they will try to support it for two reasons
1. They need to buy the shares and convince the dissent shareholders to vote for the QA
2. To push up the price for the rights issue price

Posted by menly > 2015-10-08 23:11 | Report Abuse

walaweiii another report in the edge
http://www.theedgemarkets.com/my/article/cliq-energy-raise-rm210m-rights-issue-confirms-edge-report