Posted by jacklintan > 2015-01-13 10:24 | Report Abuse

US have set crude oil target at usd$30.

Posted by gopiwira > 2015-01-13 11:10 | Report Abuse

Opec should think. May be US is buying their oil secretly and keep the price down.

Posted by gopiwira > 2015-01-13 11:12 | Report Abuse

Opec oil drained with less money.

Posted by BURSATIPS > 2015-01-13 13:35 | Report Abuse

0.450 coming

Posted by gopiwira > 2015-01-13 15:01 | Report Abuse

Opec should decide early what price of oil you want to sustain. The best valu for you not because hating other people making profit.

Posted by 2015v > 2015-01-14 14:12 | Report Abuse

http://www.theedgemarkets.com/my/article/sona-terminate-rm1b-salamander-og-asset-buy

KUALA LUMPUR (Jan 14): Sona Petroleum Bhd (fundamental score 0.60, valuation score 0.00) will scrap plans to buy two upstream oil and gas (O&G) assets in Thailand for US$281.2 million (RM1.01b) from UK-listed Salamander Energy plc following a rival offer.

Sona and Salamander intends to mutually terminate the previously-announced sale and purchase agreement (SPA) for a stake in the B8/38 and G4/50 concessions in Bualuang, according to Sona's statement to Bursa Malaysia today.

The termination follows UK-listed Ophir Energy plc's proposal to acquire Salamander via a share swap. Under the exercise, Salamander shareholders will be entitled 0.6 Ophir share for one Salamander unit held.

Despite the SPA termination, Sona said it was still eyeing potential deals with Ophir and Salamander for a stake in the Bualuang O&G assets.

"Notwithstanding the above, given its knowledge of the asset, Sona Petroleum remains interested in acquiring a stake in the Greater Bualuang area.

Posted by tradervic > 2015-01-14 14:57 | Report Abuse

Sona going down?

Posted by easymoney > 2015-01-14 16:34 | Report Abuse

wise decision, with oil price down more than 60% that deal is consider a super premium deal make no sense to proceed....no more dark cloud overhead...

Posted by noriz > 2015-01-14 17:27 | Report Abuse

easymoney.....lu ada lagi hah.....yang lain mana pegi ????????

Posted by gopiwira > 2015-01-14 17:33 | Report Abuse

Buy Balaluang at cheaper price.

Posted by pisangkuat > 2015-01-14 17:59 | Report Abuse

Siapa mau niaga minyak lagi ? Pak saudi kata wont cut production...kasi turun sampai usd 40...kasi sama sama mati...dan say never will touch usd 100...nw industry it looking a support level to stabilize saja until see nxt action...multi billion question is where the level? No one knw. Only things knwn is many oil player is cutting investment for offshore operation but instead concentrate on downstream and storage to hedge oil as nw time to buy cheap oil.

Posted by noriz > 2015-01-14 18:47 | Report Abuse

pisangkuat..........masih bersemangat enkau hah.....aku sekarang tengah rilek....cash in hand.....kau ada tip ke ?????

Posted by potenza10 > 2015-01-14 22:25 | Report Abuse

minyak mau naik balik laaaa... pak Arab tipu saja.. wont touch usd100 konon... puihhhhhhhhhhhh...

Posted by Abudance > 2015-01-15 03:30 | Report Abuse

One research said if drop fast2 is better than it will go up gradually. Business who use oil eil benefit. If drop slow2 .. Lingering suffering ..
I hope sona also look for other assets. And not wait for fruit to drop from Salamandar and Ophir and get fooled again!

Posted by bracoli > 2015-01-15 06:06 | Report Abuse

Goid morning. Long live sona holders

Posted by paulthesotong > 2015-01-15 06:24 | Report Abuse

To buy not to buy wait until 6 -02-15 to decide. Now quiet on the eastern front.

Posted by tradervic > 2015-01-15 09:34 | Report Abuse

what happens on 6-02-15?

Posted by cadmus_C > 2015-01-15 09:56 | Report Abuse

Listing in mid 2013. So, end of show by mid 2016?

Posted by jacklintan > 2015-01-15 10:07 | Report Abuse

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


On behalf of Sona Petroleum, CIMB Investment Bank Berhad and RHB Investment Bank Berhad wish to announce that Salamander and Sona Petroleum intend to mutually terminate the previously announced SPA and other relevant transaction documents in respect of the Proposed Transaction.



Notwithstanding the above, given its knowledge of the asset, Sona Petroleum remains interested in acquiring a stake in the Greater Bualuang area. Sona Petroleum, therefore, intends to approach Ophir Energy Plc or Salamander regarding a revised transaction post their respective shareholder meetings on 6 February 2015 based on new terms reflecting prevailing market conditions and level of oil prices. At the same time Sona is also considering other alternative qualifying assets opportunities.

Posted by Ring > 2015-01-15 12:20 | Report Abuse

http://uk.reuters.com/article/2015/01/15/markets-global-idUSL3N0UU02H20150115

Posted by Ring > 2015-01-15 12:33 | Report Abuse

“Sona, therefore, intends to approach Ophir or Salamander regarding a revised transaction post their respective shareholder meetings on Feb 6 based on new terms reflecting prevailing market conditions and level of oil prices. At the same time, Sona is also considering other alternative QA opportunities,” Sona told Bursa Malaysia......extract from Starmobile

Posted by Abudance > 2015-01-16 06:22 | Report Abuse

Sons hasn't got much time left. Should have looked around for alternatives long ago. Salamander can be trusted again after the recent events??

Posted by 2015v > 2015-01-16 08:17 | Report Abuse

can expect nothing on Salamander deal until after 6/2, no speculation will be bad news to share price unless sona has other good deals. until then can expect the share price to go sideway

Posted by Ring > Jan 15, 2015 12:33 PM | Report Abuse

“Sona, therefore, intends to approach Ophir or Salamander regarding a revised transaction post their respective shareholder meetings on Feb 6 based on new terms reflecting prevailing market conditions and level of oil prices. At the same time, Sona is also considering other alternative QA opportunities,” Sona told Bursa Malaysia......extract from Starmobile

Posted by 2015v > 2015-01-16 08:22 | Report Abuse

still have 1.6 yr to go. can do much with the time if the management are competent. these few months will be good time to secure deal at good price than last year

Hadian and Maznah are more worried than shareholders, founders get nothing in event of refund. they have more to lose in event of failure to secure a deal but more to gain too if good deal is secured


Posted by Abudance > Jan 16, 2015 06:22 AM | Report Abuse

Sons hasn't got much time left. Should have looked around for alternatives long ago. Salamander can be trusted again after the recent events??

Posted by CLIQmanagement > 2015-01-16 19:07 | Report Abuse

There is no Salamander anymore. Is Ophir already.

Posted by Ring > 2015-01-16 20:39 | Report Abuse

http://www.reuters.com/article/2015/01/16/us-markets-oil-idUSKBN0KP06L20150116

Posted by yamatotrading > 2015-01-19 16:08 | Report Abuse

this year = wait.
Sona石油料年底前 完成合格收购活动

财经新闻 财经 2015-01-18 10:55
（吉隆坡17日讯）国内规模最大的特殊收购公司（SPAC）Sona石油（SONA，5241，主板特殊收购股），期望可在今年内完成合格收购活动（QA）。

Sona石油董事经理拿督斯里哈典哈欣回应《商业时报》访问时说，公司依然青睐东南亚市场，并与区域内多家公司商谈。

他指出，针对合格收购活动，公司已确认数项已投入生产的资产，当前油价走势低迷，让这些已经取得开采批准权的公司，因难以取得贷款，许多计划因此暂停。

“这些公司需要寻找新伙伴，因为他们很难向银行融资，这对Sona石油来说，是个进入的好时机。”

国际原油价格不断探低，也让许多油气公司脱售部分资产削减成本负担，这也为Sona石油提供更多选择。

“目前仍难以确定何时可以完成收购活动，但希望年底前可以有定案。”

Sona石油日前宣布终止与Salamander能源的交易合约，但仍有意重新调整收购泰国海湾油田的细节。【南洋网财经】

Posted by Ring > 2015-01-20 11:45 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1856017

Posted by AhSook AhKou > 2015-01-20 17:38 | Report Abuse

Yes Ophir is going ahed with the take over ..........

Posted by gopiwira > 2015-01-21 08:11 | Report Abuse

Stuck here. If Sona got another QA, doest it mean another six months SC approval.

Posted by harry1125 > 2015-01-21 12:26 | Report Abuse

how much we can get if acquisition failed? 90% of 0.50 plus earned interest?

Posted by zack_liza > 2015-01-21 15:05 | Report Abuse

sudah mari....buy..buy...

Posted by kakisaham > 2015-01-21 15:10 | Report Abuse

sudah mari ka....tunggu..tunggu tengah kutip

Posted by gopiwira > 2015-01-21 18:09 | Report Abuse

Apa mari apa mari

Posted by Ring > 2015-01-22 09:47 | Report Abuse

NEW YORK: Global oil prices snapped a two-day decline and rose around 2 percent on Wednesday on hopes prices will recover as energy companies cut production investment to alleviate a glut that has wiped out more than half crude's value since June.

Posted by Ring > 2015-01-22 09:56 | Report Abuse

Total SA joined a raft of international oil companies, including BP Plc and ConocoPhillips , in slashing budgets in light of the recent plunge in prices. The French oil major said it would cut spending on U.S. shale production, among other regions, raising hopes there would be a reduction in the oversupply of oil from the United States.

Posted by pisangpanas > 2015-01-22 10:30 | Report Abuse

lori sula mali kasi angkat kasi angkat...anak mau kasi naik dulu itu lori...cipat cipat....

Posted by caven101 > 2015-01-22 11:39 | Report Abuse

SONA is coming...on the way now...

Posted by 2015v > 2015-01-22 11:57 | Report Abuse

pre cny rally

Posted by 2015v > 2015-01-22 12:13 | Report Abuse

wow wow
up to 46 but no chatters here
where are the clowns?

Posted by T1T4N > 2015-01-22 12:16 | Report Abuse

Sona is back, 55 sen tp before CNY

Posted by Pak Aji Ajid Janggut > 2015-01-22 12:34 | Report Abuse

jangan cakar tanah sudah,beli conter tak ada biusness,nanti bila dia orang untung dia cabut lari,gua dah kanal ini counter,semua main main,bikin orang bangsat,awas awas awas?

Posted by BURSATIPS > 2015-01-22 12:35 | Report Abuse

Already break downtrend resistent.
Show time after lunch.

Posted by Abudance > 2015-01-22 13:38 | Report Abuse

Maybe if they get QA to buy ... Then up trend till CNY. If not hard to go up

Posted by nice1 > 2015-01-22 14:43 | Report Abuse

best performing spacs

Posted by derrickinvestor > 2015-01-22 15:04 | Report Abuse

heard it is today instead

Posted by Pak Aji Ajid Janggut > 2015-01-22 15:13 | Report Abuse

kalu mau berenang atas pasir beliah sona,penny stock tak ada jaminan ,nanti lu punya wang jadi pasir,gua dah kena berpuluh ribu,awas awas,awas

Posted by mowan > 2015-01-22 15:43 | Report Abuse

Pak Aji, kalau tak cakap tak ada orang kata awak bisu.

Posted by nice1 > 2015-01-22 15:44 | Report Abuse

buy low, sell high & not the opposite way

Posted by T1T4N > 2015-01-22 15:54 | Report Abuse

Refer to 4/Feb/2014 pattern, as 6/Feb 2015 will be big decision for SONA