If deal not successful, it may be a better choice for Sona as Sona may target for a new purchase with better bargain in view of current pathetic oil price
Itching88 my dear good friend , How are you ? Lama you hilang. Hope you still remember ruslimz. How I can forget I88 and his rotten eggs.Yes noriz is ruslimz. I sold all my sona shares at the end of october and said good by to you. Noriz is ruslimz with no more sona shares. Then Only me and pisangkuat kept on posting negative things about sona's deal with salamander, but no body listened because they invest with heart,not brain. Now you look like new savior try to save those fighters........I88, c'mon..tak jadi tu tak jadilah,move forward please...sona is not the only counters in this worldddddddddddddddddd..
Here.. If u need sumthin to feel better.. I also got news got better deal coming up... Oh wait.. I also read got insider news Sc approved.. Oh wait..mobile.bloomberg.com/news/2014-11-24/sona-said-to-get-malaysian-approval-for-salamander-thai-assets.html.. End of the day.. If yr bola kecut coz money shrinking then sell La... Else hold oni La...
Sona Said to Get Malaysian Approval for Salamander Thai Assets By Elffie Chew November 24, 2014 8:19 AM EST facebook twitter Share on Linked In save Tap 'Save' to read later Sona Petroleum Bhd. (SONA), a company with no assets or track record, won approval from the Malaysian Securities Commission to buy a stake in two Thai oil and gas blocks, a person with knowledge of the matter said. The so-called blank check company targets to complete the deal by the end of this year after getting shareholder approvals, the person said, asking not to be identified as the details aren’t yet public. Sona, which raised 550 million ringgit ($164 million) in an initial public offering last year, agreed in June to buy 40 percent of London-based Salamander Energy Plc (SMDR)’s assets in the Gulf of Thailand for $281 million. The Salamander assets would be the first for Sona since its listing and pave the way for the Kuala Lumpur-based company to become an independent upstream oil and gas company. To complete the purchase, it will need to overcome African explorer Ophir Energy Plc (OPHR)’s offer to acquire Salamander on the condition it doesn’t sell the Thai assets. Saw Choo Boon, vice president of business development at Sona, declined to comment when contacted by phone today. Malaysia’s Securities Commission head of corporate affairs Jaya Menon could not be immediately reached for comment when contacted on her mobile and office. Ophir said in an exchange filing today Salamander accepted its all-stock offer to buy the company. One of the conditions of Ophir’s offer is that Salamander shareholders reject the sale of the Thai assets to Sona. Owners of a 25.9 percent stake in Salamander have agreed to accept the Ophir offer and reject the Sona deal, according to today’s filing. Sona is trying to buy a stake in the Bualuang oilfield, which has been operating since 2008 and is expected to produce an average of 11,000 to 14,000 barrels of oil daily this year, according to Salamander’s website. It would also gain an interest in an nearby exploration concession. To contact the reporter on this story: Elffie Chew in Kuala Lumpur at echew16@bloomberg.net To contact the editors responsible for this story: James Regan at jregan19@bloomberg.net Ben Scent, Shamim Adam
Indeed was a surprise to me the Salamander directors so quick to give green light to the Ophir's not so attracting offering without waiting for Sona SC approval which they are favouring to the deal all this while... might seem to be a bit late now for Sona... then again may be more drama going on? hahaha
easymoney.......as long as you talak lugi ok lah tu. Gua hanya bagi pendapat sajaaaa, gua sudah tua manyak makan galam, kalu lu tak caya sama gua, gua tak boleh buat apa.....selamat malabur dan hidup bahagia..........
oldman noriz, gua caya lu lah.... When I invest in Sona, I have already considerd the worst possible outcome and that's why have decided to avg down my cost to 0.45 so that I can sleep well every nite while waiting for my jackpot.... Well, let's see Hadian can put off any miracle.... if not current depressed oil price is a blessing to look for cheap bargain QA...hahaha
Prc4, the most recent tip from my friend started to.move since last week, so I choose to take the risk to keep this stock. Actually I seldom come to this forum now, found some silly ppl around who are not helping but... Well, u know what I mean. by the way, Wish, tomorrow a better day with all green especially sona, ha.have a good rest everyone.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
noriz
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Posted by noriz > 2014-11-24 18:26 | Report Abuse
topaz...apa bikin sikalang......still fight ahhhh ???????