SONA PETROLEUM BERHAD

KLSE (MYR): SONA (5241)

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Last Price

0.475

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


37 people like this.

21,560 comment(s). Last comment by beatme 2018-04-30 11:12

JKing

239 posts

Posted by JKing > 2014-11-25 09:25 | Report Abuse

just one hour

callme777

1,586 posts

Posted by callme777 > 2014-11-25 09:35 | Report Abuse

Great timing SC

nooniez

730 posts

Posted by nooniez > 2014-11-25 09:35 | Report Abuse

suspend for what la...its not like it is gonna affect the price...first time sc approval out no mood...

easymoney

626 posts

Posted by easymoney > 2014-11-25 09:39 | Report Abuse

I wonder what's going through hadian's mind now.... continue to fight this one, in the meantime look for cheap QA... Once got it then screw Salamander back...this I would do...hahaha

Posted by pipimamaluu > 2014-11-25 09:41 | Report Abuse

Small fries think small steps.. Imagine penalties.. Imagine backup plans.. But again.. Like what small fishes say... The sky is falling!!! Arrgghh..

Eric Wong

66 posts

Posted by Eric Wong > 2014-11-25 09:43 | Report Abuse

There must be different story in the back.. Between sona n salamander

nooniez

730 posts

Posted by nooniez > 2014-11-25 09:46 | Report Abuse

buying is starting now...11k lots waiting to sapu 0.23 for wa.

Posted by kinkudes_hc > 2014-11-25 09:48 | Report Abuse

after suspend => sharp price change => then UMA... isk isk isk.

AhSook AhKou

1,296 posts

Posted by AhSook AhKou > 2014-11-25 09:50 | Report Abuse

Gave "false" news n now Directors got summon fr Bursa lohhhhh

Ring

6,522 posts

Posted by Ring > 2014-11-25 09:53 | Report Abuse

SONA-TRADING HALT & RESUMPTION OF TRADING

SONA PETROLEUM BERHAD

LISTING'S CIRCULAR NO. L/Q : 71966 OF 2014

Kindly be advised that trading in the above Company's securities has been halted with effect from 9.04 a.m., Tuesday, 25 November 2014.

Trading in the securities will resume with effect from 10.04 a.m., Tuesday, 25 November 2014.

Your attention is drawn to the Company's announcement dated 25 November 2014.

Iching88

537 posts

Posted by Iching88 > 2014-11-25 10:04 | Report Abuse

wah ka ka ka ka....

.50

huh huh good profits.

prc4wifefe

3,564 posts

Posted by prc4wifefe > 2014-11-25 10:05 | Report Abuse

Hadian gonna make SALA pay...drag them thru hell and ask them compensation for the troubles :-)

Eric Wong

66 posts

Posted by Eric Wong > 2014-11-25 10:05 | Report Abuse

Loo... Price no movement

nooniez

730 posts

Posted by nooniez > 2014-11-25 10:07 | Report Abuse

Seriously Sona management dunno how to goreng stock? So many chances for them to goreng also dun wan. lousy

Eric Wong

66 posts

Posted by Eric Wong > 2014-11-25 10:07 | Report Abuse

Even sc approval also up 0.001 ... Lol

Posted by CLIQmanagement > 2014-11-25 10:07 | Report Abuse

no compensation lah brother.. if you all want the deal to go through, start buying Salamander shares, and go vote.

noriz

136 posts

Posted by noriz > 2014-11-25 10:08 | Report Abuse

Will sona call for EGM to get approval from shareholders ???????? for sure will be a hot hot EGM .......

prc4wifefe

3,564 posts

Posted by prc4wifefe > 2014-11-25 10:08 | Report Abuse

tak guna buy SALA shares...first thing it is SALAH...second thing they already corner 25%...u must ask KOS 30million bounty can lah

cskek81

238 posts

Posted by cskek81 > 2014-11-25 10:09 | Report Abuse

King of Stock, is your show time for goreng sona?

prc4wifefe

3,564 posts

Posted by prc4wifefe > 2014-11-25 10:09 | Report Abuse

actually it is good if he call EGM...shareholders can get as many info as possible

AhSook AhKou

1,296 posts

Posted by AhSook AhKou > 2014-11-25 10:09 | Report Abuse

No reason for price to go up lahhhh

Posted by king of stock (king shark) > 2014-11-25 10:11 | Report Abuse

Now chance u all to throw who don't like this stock i and king shark will eat

prc4wifefe

3,564 posts

Posted by prc4wifefe > 2014-11-25 10:11 | Report Abuse

well done SC...u memang AMANAH, BERSIH, tak CERKAP

xxxxx

137 posts

Posted by xxxxx > 2014-11-25 10:11 | Report Abuse

Party cancelled. Salamander shareholder accept Ophir's offer.

ahhuat001

110 posts

Posted by ahhuat001 > 2014-11-25 10:12 | Report Abuse

mati...no movement after sc approved....wahaha....

bracoli

2,579 posts

Posted by bracoli > 2014-11-25 10:12 | Report Abuse

king of stock now short of cash to goreng.. kikiki

AhSook AhKou

1,296 posts

Posted by AhSook AhKou > 2014-11-25 10:16 | Report Abuse

Few little boys playing with themselves !!!

potenza10

1,220 posts

Posted by potenza10 > 2014-11-25 10:16 | Report Abuse

saya tengok wayang! sapa mau popcorn?

ahhuat001

110 posts

Posted by ahhuat001 > 2014-11-25 10:17 | Report Abuse

sona sendiri buat wayang....wahaha

xxxxx

137 posts

Posted by xxxxx > 2014-11-25 10:18 | Report Abuse

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% stake in Salamander have agreed to accept the Ophir offer and reject the Sona deal, according to today’s filing.

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2014-11-25 10:20 | Report Abuse

well if sala deal call off...what if there is another new party that are confirmed to be QA.I dont think hadian is only eyeing on Salamander 100%.He must have a contigency plan to overcome any incident like what is happening to Sala deal.I think there is more interesting news and event that will surface!

AhSook AhKou

1,296 posts

Posted by AhSook AhKou > 2014-11-25 10:20 | Report Abuse

So Sona will gain "cash" from the sales but sadly minority shareholders will not hv the privilege to share it !!!!!

noriz

136 posts

Posted by noriz > 2014-11-25 10:22 | Report Abuse

actually they already cornered 27% of the total salamander shares. To get sona SPA passed, it needs majority number of votes and 75% number of shares who attended the salamander's EGM.....

Posted by king of stock (king shark) > 2014-11-25 10:24 | Report Abuse

U are right maybe eye on 100% haha

bracoli

2,579 posts

Posted by bracoli > 2014-11-25 10:25 | Report Abuse

dont play play with hadian

xxxxx

137 posts

Posted by xxxxx > 2014-11-25 10:25 | Report Abuse

(Nov 24): Sona Petroleum Bhd., 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% of London-based Salamander Energy Plc’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’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% 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.

xxxxx

137 posts

Posted by xxxxx > 2014-11-25 10:26 | Report Abuse

Too near too late...

noriz

136 posts

Posted by noriz > 2014-11-25 10:28 | Report Abuse

new QA soooon ?????????

Posted by king of stock (king shark) > 2014-11-25 10:29 | Report Abuse

Is come 45.5sen break......

leo218

5,533 posts

Posted by leo218 > 2014-11-25 10:29 | Report Abuse

Too risky..run if u still can.

Mowan

18 posts

Posted by Mowan > 2014-11-25 10:29 | Report Abuse

this is what i see. sifus please correct me if i am wrong:
Ophir offer to Salamander on condition it includes Thai assets which have been 'sold' to Sona.
Sona can refuse OR make it very difficult to annul the sale of Thai assets.
so, Sona can 'influence' the Salamander shareholders.

am i right?

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2014-11-25 10:31 | Report Abuse

if a new affirmative QA is viable I think its best for SONA to grasp and seek into it as current brent oil price is at discount.I think Hadian is finalising a back end deal which cant be revealed until certain issues is completely resolved.

prc4wifefe

3,564 posts

Posted by prc4wifefe > 2014-11-25 10:33 | Report Abuse

aiiikk...naik lagi...apuneh!!???

AhSook AhKou

1,296 posts

Posted by AhSook AhKou > 2014-11-25 10:34 | Report Abuse

Hello !! Thai assets have not sold to Sona .

potenza10

1,220 posts

Posted by potenza10 > 2014-11-25 10:34 | Report Abuse

come on!!! hahahaha...expecting the unexpected.

xxxxx

137 posts

Posted by xxxxx > 2014-11-25 10:35 | Report Abuse

No more salamander. No more other alternative.

xxxxx

137 posts

Posted by xxxxx > 2014-11-25 10:35 | Report Abuse

Koyak...

mahorse

381 posts

Posted by mahorse > 2014-11-25 10:39 | Report Abuse

I thought substantial shareholder ( 20+ %) of Salamandar agreed to deal with Ophir, and now deal is subject to other shareholders's decision ? Why is the price moving as if the deal at Salamandar's end is approved ??? Sona should issue statement to state present legal status of the deal. Confused ! How to react ?

bracoli

2,579 posts

Posted by bracoli > 2014-11-25 10:40 | Report Abuse

KOS where r u?

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