Posted by AhSook AhKou > 2014-11-25 10:43 | Report Abuse

Ikan bills playing with themselves ............

Posted by noriz > 2014-11-25 10:43 | Report Abuse

No white flag from hadian, some still believe in him, they keep on buying......

Posted by happy4444 > 2014-11-25 10:44 | Report Abuse

haha, no worries la wait and see i thnk got big show somemore to come. brewing brewing

Posted by noriz > 2014-11-25 10:44 | Report Abuse

until when ?????? don't know !!!!!!

Posted by BerkshireBuffett > 2014-11-25 10:50 | Report Abuse

Big announcement at noon....

Maybe Good or Better than now...
Lets see

Posted by nooniez > 2014-11-25 10:54 | Report Abuse

Another announcement? sure bo? dont play with our legs leh...already kena played by Sala.

Posted by prc4wifefe > 2014-11-25 10:55 | Report Abuse

MrBuffet..insider? kekekeke

don't make us all happy then nangis sampai banjir ya

Posted by bracoli > 2014-11-25 10:57 | Report Abuse

berkshire is king of stock cousin. dun play play

Posted by skyhawk > 2014-11-25 10:57 | Report Abuse

here is d announcement :
http://www.thestar.com.my/Business/Business-News/2014/11/25/Sona-Petroleum-gets-SC-nod-to-buy-Salamander-assets-for-RM912m/?style=biz

Posted by cherry tomato > 2014-11-25 10:58 | Report Abuse

whatelse to announce? everything in black and white de.
SC approved but Salamander whether accept or not another story.

SC approved is just an procedure. Nothing will happen.

Posted by laihung > 2014-11-25 11:02 | Report Abuse

SC approved but price not moving..

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

any announcement say that salamander had already received official offer from Ophir?

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

kos where r u?

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

Don't think much will happen

Posted by BerkshireBuffett > 2014-11-25 11:13 | Report Abuse

I'm sorry.....
I've left behind about SC approval announcement......

But majority of Salamander shareholder is yet to give any green light to Ophir affer....

I think they remain with decision sold 40% stake to Sona...

Posted by prc4wifefe > 2014-11-25 11:17 | Report Abuse

wakakakaka

Posted by flatman > 2014-11-25 11:30 | Report Abuse

Guys plz wake up. SC's approval is a non-event. SC is just trying to cover their a** so that investors can't blame them for the failed QA.

Posted by bracoli > 2014-11-25 11:32 | Report Abuse

flatman are u ophir spy?

Posted by CK Lim > 2014-11-25 11:33 | Report Abuse

The deal in between Ophir and Salamander guess will be similar to the previous Cespar case, I do not think that will get through. Beside quite lots of share holder of Salamander are making loss due to the share price had drop a lot since for years and don't think the Ophir price will be attractive to those share holder based on the current O&G sentiment

Posted by ktsk88 > 2014-11-25 11:35 | Report Abuse

so many news here saying yes and no on the deals. Hope Sona management will come up with a press statement to clears the air. It already bad for the shareholders waiting for so long.

Posted by e1shi > 2014-11-25 11:39 | Report Abuse

salamander shareholder will get 0.5719 Ophir enery share.. but Ophir shareprice keep dropping to 167p from 202p when they announce it..

Posted by prc4wifefe > 2014-11-25 11:39 | Report Abuse

@ktsk88 best thing said today!

Posted by e1shi > 2014-11-25 11:40 | Report Abuse

losing side is Salamander shareholder since Ophir rig drying

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

Noriz...where are you? Sona fan want some soothing words from you...looking at current state of affair.

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

obviously Sona deal is the best of all. Not sure why Sala favors Ophir. Even Sala shareholders are making noise

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

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcement dated 21 July 2014).

We refer to the announcements dated 5 June 2014, 25 June 2014, 21 July 2014, 29 August 2014, 28 October 2014, 17 November 2014 and 24 November 2014 in relation to the Proposed Transaction.

On behalf of Sona Petroleum, CIMB Investment Bank Berhad and RHB Investment Bank Berhad (collectively referred to as the “Joint Principal Advisers”) are pleased to announce that the approval of the Securities Commission (“SC”) in relation to the Proposed Transaction had been received on 24 November 2014.

The approval is subject to the following conditions:-

(i) The Joint Principal Advisers and Sona Petroleum to fully comply with the requirements of the SC’s Equity Guidelines, as applicable, pertaining to the implementation of the Proposed Transaction; and

(ii) The Joint Principal Advisers and Sona Petroleum to fully comply with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, as applicable, pertaining to the implementation of the Proposed Transaction and the issuance of the circular to the shareholders of Sona Petroleum.

Sona Petroleum remains committed to complete the Proposed Transaction under the terms of the sale and purchase agreement dated 18 July 2014.
This announcement is dated 25 November 2014.

Posted by bktan > 2014-11-25 11:41 |

Post removed.Why?

Posted by Ring > 2014-11-25 11:42 | Report Abuse

http://klse.i3investor.com/servlets/anpth/1033255.jsp

Posted by xbotzz > 2014-11-25 11:43 | Report Abuse

One has to wonder, why did CEPSA come in and back out?. Why did Sona SC announcement pop up just after Ophir made their offer ?

It is kind of clear cut to the unseen eyes/layman that this deal might be going down the gutter, this is because of limited information exposed to us. But look at the other end, RHB (L), CIMB, Bursa, even on the largest banks in the world, BNP Paribas has given some sort of approval to this shell company to move forward.

Sona is a power team with the know hows. At this stage we can only bet on the team and not on any facts.

Posted by prc4wifefe > 2014-11-25 11:47 | Report Abuse

after reading xbotzz feel got some hope...wakakaka

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

Long live Sona!.....hahaha

Posted by ktsk88 > 2014-11-25 11:53 | Report Abuse

If i am Salamander holders, i let Sona deals goes thru since it just 40% takeup. Later can dispose the remainder of the company to others suitors.

Its a double whammy fortune for them.

Posted by Ring > 2014-11-25 11:57 | Report Abuse

Sona Petroleum: Remains committed to Thai deal. Sona Petroleum's nearly MYR1b deal to buy oil and gas assets in Thailand owned by UK-listed Salamander Energy plc appears to be all but over after the latter accepted the takeover offer by Ophir Energy plc. Salamander yesterday announced it had agreed to Ophir's firm offer to buy the entire stake in the company. The offer was on the condition that Salamander cancels its deal with Sona. (The Star)

Posted by gopiwira > 2014-11-25 11:57 | Report Abuse

Does salamander share price up after CS Aprov?

Posted by BerkshireBuffett > 2014-11-25 12:00 | Report Abuse

I put the blame on SC....takes almost 3 month for approval.....
Not efficient at all....

Posted by prc4wifefe > 2014-11-25 12:03 | Report Abuse

SONA go ahead...they cannot pull out...else $$$ loss on them...but how can they secure the majority required in SMDR shareholders???

looks like a lose-lose situation...unless they pull the rabbit out of Hadian hat soon!!

Posted by prc4wifefe > 2014-11-25 12:04 | Report Abuse

those SC goons also....what more can one say!???..57 days baru approve...wowww

Posted by BerkshireBuffett > 2014-11-25 12:04 | Report Abuse

Anti-corruption Comission must check SC.....full of stupidity

Posted by gopiwira > 2014-11-25 12:05 | Report Abuse

Tq SC. After thorough check means that Sona deal is really good. Smdr also force rivals to offer before SC approve. Who knows ophir only their backup

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

pisang...glad to hear from you......if they listened to our comments earlier......but now tak boleh buat apa lagi .. ..melayu cakap 'nasi sudah jadi bubur '. Last few days only some realized and cut loss. But now still some asking why salamander accepted cheaper offer laa....salamander shareholders will not vote for deal with ophir laa....still hoping like sona is the only stock available at bursa......

Posted by ahhuat001 > 2014-11-25 12:16 | Report Abuse

For me, from earlier stage salamander really want to make due with Sona one. But Salamander very dulan on the SC approval take so long to approve, so they find another way lor...that's y Ophir come...hahaha...

Posted by noriz > 2014-11-25 12:19 | Report Abuse

pity SC.........

Posted by ktsk88 > 2014-11-25 12:24 | Report Abuse

I think there should be some penalty for cancellation of the deals from Sona. Anyone can elaborate?

Posted by xxxxx > 2014-11-25 12:26 | Report Abuse

Salamander ada 200+ mil hutang lor to settle. Ophir buy all stock n barrell

Posted by CLIQmanagement > 2014-11-25 12:27 | Report Abuse

Hope Sala wont held EGM for 2 proposal. Make the EGM separately, 1 for Sona, 1 for Ophir.

Posted by easymoney > 2014-11-25 12:27 | Report Abuse

oldman noriz you got alzheimer problem ah? can't remember what you said before about SC, read below again on what you said lor... better start take your medication... else you can't remember your own name susah lor confuse between noriz or ruslimz....hahaha


stop blaming sc laaaa. Actually in sona plan,for the deal to be completed by year end, sc must approve QA before end of October. But when this not happened I had a feeling that something went wrong with QA and not that sc did not doing their job.. If you can remember at early stage of evaluation by sc, our friend TLTAN got insider info and posted in this forum that asset valuation by sc passed with flying colors. But when come to the second stage of the evaluation, I think the evaluation stuck with ownership and control issues. Listing regulation require sona to have majority ownership and control of QA. We know sona has only 40% ownership of bualuang field. Maybe sona also failed to impress SC that sona has control of the operation of bualuang. Hibiscus did not have these problems and sona is only second spac on sc's table. So naturally sc is trying to be stringent in dealing with listing regulation........just another 1 sen opinion....
Some of you still believe that the approval will come tomorrow, but how many tomorrow already.......pray for the best.....

Posted by nuraisyah > 2014-11-25 12:28 | Report Abuse

we are trapped???

Posted by noriz > 2014-11-25 12:30 | Report Abuse

agreed...this penalty paid to sona should be distributed to sona shareholders as a special dividen !!!!!!!!!

Posted by trader66 > 2014-11-25 12:30 | Report Abuse

Both Sona & Salamander are agreeable for their intention of this transaction on conditional terms such approval by SC & approval by both's shareholders via EGM. As long, Sona is working hard to secure new QA. Believe that Sona is still a good buy with their strong management teams whom have more than 30 yrs in this OG industry

Posted by noriz > 2014-11-25 12:41 | Report Abuse

easymoney......thanks for putting me always on your mind. Pikir apa lagi, yang sudah lepas tu lepas laaa...lupakan sona.....banyak lagi saham yang ada pada bursa....1000 lebih counters ...bukan sona saja yang cantik......reach lagi cantik sekarang. Sona sudah tua. Reach dara lagi. Lagi ketat laaa. Faham tak.I believe if you go into reach, in one year I can gerenti you will make more than holding to sona.....