Posted by easymoney > 2014-11-21 15:57 | Report Abuse

The deal is based on Ophir share 202.7 dated Oct24, now it share is only worth 180. based on current share price conversion each Salamander share is only worth 103...hahaha

Posted by maggiel > 2014-11-21 15:57 | Report Abuse

dun think salamander shareholders will take it up..... ophir's price is around 115pence; whereas salamander's price has topped above 110 in the last 3 months...... just a matter of waiting till oil price goes up again, and it should be above 110. dun see much incentive to take the offer...... only attractive if u take current situation of oil global downtrend
sona's price was based on pre-global downtrend, is more attractive to salamander's shareholders
my two cents......

Posted by flatman > 2014-11-21 15:58 | Report Abuse

Who wants to take up a share swap when Sona is giving cash.

Posted by workworkwork > 2014-11-21 16:00 | Report Abuse

Condition. unless sona deal not on:

As announced on 21 July 2014, Salamander has entered into an agreement (the "SONA SPA") under which Sona Petroleum Berhard ("SONA") would acquire an effective 40% working interest in the B8/38 concession (containing the Bualuang oil field) and the surrounding G4/50 concession, both located in the Gulf of Thailand, via the sale of certain shares in Salamander Energy (Bualuang) Limited (the "SONA Transaction"), pursuant to the terms of the SONA SPA. Any formal offer by Ophir would, if made, be conditional upon the SONA Transaction not proceeding.

Posted by easymoney > 2014-11-21 16:02 | Report Abuse

Done what? just offer announcemnt from Ophir lar....

Posted by workworkwork > 2014-11-21 16:05 | Report Abuse

hope sona deal go thru... holding big stake in it.... fingers crossed

Posted by maggiel > 2014-11-21 16:05 | Report Abuse

no formal offer yet anyway

Posted by topaz > 2014-11-21 16:12 | Report Abuse

I dun understand y they keep on announcing offers but did not just make a formal offer if really interested? is this normal ar?

Posted by chinJX > 2014-11-21 16:16 | Report Abuse

Nov 24 last day for any bidder to submit firm offers to Salamander– but ophir & Cepsa pull out dy. maybe SC just being careful don’t want to put cart before the horse and approve

Posted by topaz > 2014-11-21 16:19 | Report Abuse

r u sure? when ophir pulled out wor?

Posted by maggiel > 2014-11-21 16:19 | Report Abuse

cepsa puled out, not aware that ophir also pulled out......

Posted by workworkwork > 2014-11-21 16:29 | Report Abuse

read theedge pls:

Ophir Energy offers to buy Salamander in all-stock deal

http://www.theedgemarkets.com/my/article/ophir-energy-offers-buy-salamander-all-stock-deal

Posted by CLIQmanagement > 2014-11-21 16:33 | Report Abuse

OMG. this is competition. Now have to wait for Sala to reply.

Posted by workworkwork > 2014-11-21 16:37 | Report Abuse

read news pls... dont simply listen to people say... and to those who like to simply say, pls dont cheat people!

good luck to all and good luck to me too....

Posted by sheep > 2014-11-21 16:39 | Report Abuse

lari kuat kuat

Posted by alex2012 > 2014-11-21 16:46 | Report Abuse

first con by Cepsa...now ophir's turn...damn...

Posted by Ring > 2014-11-21 16:48 | Report Abuse

Brent steadies above US$78 a barrel
Publish date: Fri, 21 Nov 01:04
LONDON: Brent crude oil steadied above US$78 a barrel yesterday as reports that oil producers would agree to cut output next week offset weak economic data from China and Europe.

Ministers from the Organisation of the Petroleum Exporting Countries will meet in Vienna on November 27 to decide how to respond to a collapse in oil prices that have fallen more than 30 percent in five months.

Brent was up 25 cents at US$78.35 a barrel by 1315GMT after closing 37 cents down in the previous session. US crude was down 15 cents at US$74.43 a barrel.

Oil prices have come under intense pressure over the last few months as North American shale oil production of high quality, light oil has overwhelmed demand at a time of lacklustre economic growth in many parts of the world.

"We've had disappointing data from China and Europe, and US crude inventories are high, so there's plenty of supply, but tepid demand," said Michael Hewson, chief market analyst at CMC Markets. Reuters

Posted by maggiel > 2014-11-21 16:49 | Report Abuse

http://www.theedgemarkets.com/my/article/brent-touches-80-possible-opec-output-cuts-strong-us-data

Posted by kkton19 > 2014-11-21 16:55 | Report Abuse

Hahaha... drop back pula

Posted by ruslimz > 2014-11-21 16:58 | Report Abuse

www.ft.com/intl/fastft/239962/ophir-bids-salamander-after-cepsa-bows-out

Posted by ruslimz > 2014-11-21 17:02 | Report Abuse

salamander directors also said " would expect to recommend the deal "

Posted by ruslimz > 2014-11-21 17:12 | Report Abuse

www.news.yahoo.com/ophir-energy-offers-buy-salamander-081121416.html

Posted by easymoney > 2014-11-21 17:15 | Report Abuse

Ruslimz, you still hold any Sona or not? worry this, worry that...hahaha

Posted by ruslimz > 2014-11-21 17:20 | Report Abuse

beritahu kawan berita saja,,,,,,than lu pikirlah sendiri....banyak banyak doalah supaya ini pun tak jadi.......

Posted by dragonfruits > 2014-11-21 17:25 | Report Abuse

Salamander terlalu banyak tunang..tak tahu nak kawin dengan siapa?

Posted by easymoney > 2014-11-21 17:26 | Report Abuse

Bagi Hadian pikirlah.... gua relax saja....hahaha

Posted by ruslimz > 2014-11-21 17:26 | Report Abuse

kali ni jadi kut.....

Posted by ruslimz > 2014-11-21 17:28 | Report Abuse

good.... relaaaaaaaaaaax, gua pun relax,,sona boh liao.....

Posted by callme777 > 2014-11-21 17:40 | Report Abuse

Very sad for sona. So close yet so far

Posted by flatman > 2014-11-21 17:41 | Report Abuse

Good performance for warrants. Not too bad wat.

Posted by dragonfruits > 2014-11-21 17:43 | Report Abuse

Just kahwin with tunang kaya like sona saja..wakaka

Posted by maggiel > 2014-11-21 17:47 | Report Abuse

high probability that deal with sona will go thru

Posted by ruslimz > 2014-11-21 17:47 | Report Abuse

betul...lagi pun nama sona lagi cantik, ophir...oiiii, huduhnya nama.....

Posted by ruslimz > 2014-11-21 17:53 | Report Abuse

I dont know....but may be to day is the chance...chance to lali loh....

Posted by chinJX > 2014-11-21 17:54 | Report Abuse

SC still stuck on ownership & control issues.. they should know that in O&G Sona structure is common.share risk, share gain...after all, everyone put in HUGE money –of course want it to b profitable la.

Posted by meisarel > 2014-11-21 17:56 | Report Abuse

gopiwira....itu 0.9 bil is in RM. Around USD 270 mil +-
For 40% stake

Posted by gopiwira > 2014-11-21 18:09 | Report Abuse

RM .9 bil. This from the news.

Posted by meisarel > 2014-11-21 18:33 | Report Abuse

Sona (40% Bualuang) USD 270+- mil. VS Ophir (100%) USD 418.5 mil

Posted by e1shi > 2014-11-21 18:53 | Report Abuse

has SONA identify any backup QA? if not, die la.. hahahaha

Posted by Stockker > 2014-11-21 19:00 | Report Abuse

If this is the pricing, Sona's offer is better since it is cash offer ??

Posted by callme777 > 2014-11-21 19:00 | Report Abuse

Cash is king and you still keep 60 percent

Posted by Lau Hs > 2014-11-21 19:01 | Report Abuse

No kopi ~o to sc, is hardly to get approval

Posted by Ant > 2014-11-21 19:21 | Report Abuse

KOS. why lah... only half way push... why not ask all the shark in indon attack sona together....
anyway thx so much....
hope next week start will all the way to sky limit.

Posted by gopiwira > 2014-11-21 19:47 | Report Abuse

Sori. Usd419

Posted by workworkwork > 2014-11-21 19:48 | Report Abuse

Salamander Energy and Ophir Energy have agreed the proposed terms of a deal which would see Ophir takeover Salamander.

The two companies say that the move had “compelling strategic logic,” including a strong balance sheet, enhanced operating capability across the firm’s core operating geographies of Africa and South East Asia, and expertise across key technical and commercial functions.

full news : http://www.oedigital.com/component/k2/item/7560-ophir-makes-offer-for-salamander

Gone case for Sona?? ;'(


any expert can comment??

Posted by callme777 > 2014-11-21 19:56 | Report Abuse

Game over

Posted by lim88 > 2014-11-21 20:06 | Report Abuse

so monday drop lah...

Posted by workworkwork > 2014-11-21 20:12 | Report Abuse

But today vol increase and price up woh..... have chance to proceed? let's wait for official announcement from Salamander...

Posted by noriz > 2014-11-21 20:14 | Report Abuse

tomorrow salamander will inform sona on the deal with ophir..and wait how sona will response this time...so this announcement by sona will be very very important...wait and see..I am afraid it will be vey very sad for some of the sona fighters.......

Posted by rasalghul > 2014-11-21 20:17 | Report Abuse

we all have sc to thank for their lack of usefulness. can we lodge a formal complaint on their inefficiency in their handling of this matter? 2 over months for an approval, this is ridiculous