Posted by nice1 > 2015-11-19 09:51 | Report Abuse

KUALA LUMPUR: Barclays Corporate Banking plc predicts that demand for oil will triple in 2016, and that oil price, which is now about US$45 (RM197.55) per barrel, will rise to US$50 per barrel by end-2015 and to US$60 per barrel next year.

The expected oil price rise will be spurred by a sustained doubling of growth in global demand of up to four million barrels per day, it said in a statement.

The topic was discussed at a recent event hosted by the bank’s corporate foreign exchange team. It had invited influential industry professionals to discuss the current challenging market, and the future of the North Sea, among others.

“There is no doubt that the UK North Sea oil and gas (O&G) industry is under pressure right now, but we feel that signs of relief are there, and the forecast for US$60 oil in 2016 with oil demand growth above trend again is encouraging,” said Barclays head of O&G Walter Cumming.
http://www.theedgemarkets.com/my/article/barclays-sees-oil-demand-tripling-next-year-oil-price-reach-us60-barrel

Posted by ktsk88 > 2015-11-19 10:03 | Report Abuse

Important is get all the pre-requisite from Bursa, shareholders and the Australia authority to maintain confidence and stability for the investors.

Oil pricing will rebound and so do the industry.

Posted by akhan1717 > 2015-11-27 11:20 | Report Abuse

hi guys...any update..???

Posted by DreamPravira > 2015-11-29 06:18 | Report Abuse

talak minyak pun lagi stlong yuga geh

Posted by nice1 > 2015-11-30 20:23 | Report Abuse

On behalf of Sona Petroleum, CIMB Investment Bank Berhad wishes to announce that a statement of no objections to the Proposed Acquisition was received from the Australian Foreign Investment Review Board (FIRB) on 27 November 2015.

Posted by easymoney > 2015-12-02 14:40 | Report Abuse

Already got Australia approve, now submit for SC approval... nobody interested?

Posted by ruslimz > 2015-12-02 17:19 | Report Abuse

not intrested......oil price just slightly more than mineral water.....as long as opec does not reduce production....just forget things oil......

Posted by nice1 > 2015-12-02 19:20 | Report Abuse

If SC can approved by end Jan and oil price recover some, probably more interests

Posted by easymoney > 2015-12-02 20:39 | Report Abuse

Hmm…good point, then who is still Q block at 0.435 really so stupid……

Posted by ruslimz > 2015-12-02 21:32 | Report Abuse

in share market...there are plenty of stupid people.....that is why 70% of them losing money......

Posted by easymoney > 2015-12-02 22:37 | Report Abuse

Hahaha…Just joking only Ruslimz… Damn smart ass won’t let ikan bilis like us to collect cheap….I would like to see the price move up to at least 0.48 within a month… then really Sona Boleh…hahaha

Posted by easymoney > 2015-12-02 23:06 | Report Abuse

Didn’t you noticed this time Sona management very eager to close this QA…their butts is on fire.. can get SC approval quicker than last time…

Posted by nice1 > Dec 2, 2015 07:20 PM | Report Abuse
If SC can approved by end Jan and oil price recover some, probably more interests

Posted by ruslimz > 2015-12-02 23:31 | Report Abuse

easymoney.....dulu lu main sona........sikalang pun lu main sona .....ini minyak angin punya company susah dapat wang.....go to PUC...ini counter tadak jual minyak angin....dia mahu jual itu renewal energy....lagi baik punya.......

Posted by Abudance > 2015-12-03 03:13 | Report Abuse

It takes at least 3 months for SC to approve and that is IF they comply EXACTLY as being laid out and not try to be smart & fancy & twisting plans to acquire QA.
If really get QA .. U will see ALL the directors buying WA !

Posted by cadmus_C > 2015-12-03 15:59 | Report Abuse

Assuming QA fails, they would refund money back. Initial price was i think 0.45/share. If it comes with interest in FD (3%p.a for 3 yrs), that's probably 0.49/share. Minus some administrative fees (don't have basis for this but perhaps less 5% fees?), that would be 0.467/share.

So, if price at 0.435/share, the profit is 0.032/share (7.3% equivalent for 0.435/share) for less than 1 year period until deadline.

Sounds good. Hope no surprises when reach the deadline.

Posted by nice1 > 2015-12-03 20:31 | Report Abuse

why this QA is going to be quickly approved by SC

1. this QA is more direct with 100% controlling stake vs Salamandar -40% stake , big question marks on management control then

2. price is reasonable low without going for loan, enough cash for infill and capex expenses VS Salamander case with additional bank loan

3. oil price already at low end and some certainty on oil price & direction VS Salamander period, when oil price was falling from the hill, SC then have many questions on the viability of the field, thus the delayed and delayed. Cliq is now in this conundrum

4. SC now has the experienced in handling the SPACs after first few cases VS previously

5. Australian FIBR already gave its approval in less than a month

Posted by yamatotrading > 2015-12-04 12:29 | Report Abuse

@cadmus_C , i believe we need to less 25%++ on the interest earn for corporate tax.
That leave the interest nett about 3.1 cents.
3.1 / 44.0 = 7.04% return until maturity.

Posted by ktsk88 > 2015-12-04 12:34 | Report Abuse

yes the assets that SOna going to acquired have met the SC requirement and it is therefore rest in the hand of SC to approve it unlike the Salamander deals that tooks months until the bidding is overwrite by another bidders during that period.

SC has no reason to delay the approval unless they're having grudges with Sona management.

Posted by akhan1717 > 2015-12-09 11:46 | Report Abuse

whts happening...so quiet

Posted by yamatotrading > 2015-12-11 10:28 | Report Abuse

nothing happen.. thats why..

Posted by ktsk88 > 2015-12-11 11:35 | Report Abuse

This QA met all the Bursa requirement for SPAC QA purchase and we should see the approval early than previous Salamander deal.

After approval have been obtain, warrant holders have some breeding space.

Oil is now at the bottom, i don't think all the OPEC members will ever want to let it go lower which is not beneficial to them either.

Whatever comes down will always go up.

Posted by ktsk88 > 2015-12-11 11:39 | Report Abuse

I am holding big chunk of the warrants and some mother too.

Hope this time they got the QA and release the pressure of the Mgmt and also the shareholders.

This will give the Mgmt some relieve and concentrate on the STAG Oilfield and others cheaper assets or tied-up to enhance the company profits in months or years to come.

Posted by High6 > 2015-12-12 11:21 | Report Abuse

this QA will surely be approved in 2 months

Posted by hrizal > 2015-12-15 16:45 | Report Abuse

need to use the money to buy oil instead of buying the company..

Posted by yamatotrading > 2015-12-18 23:26 | Report Abuse

is not submitted to SC for consideration right ? still got many months to go then

Posted by traderman > 2015-12-22 21:27 | Report Abuse

wah ... are you guys serious ? faster sell your sona shares before turn into toilet paper

Posted by cadmus_C > 2015-12-23 09:55 | Report Abuse

@traderman.

Just curious, why toilet paper? and what price is the toilet paper?

Posted by lly316 > 2015-12-23 10:29 | Report Abuse

Credit Suisse just bought in some on 16/12 based on com. announcement

Posted by ktsk88 > 2015-12-23 10:53 | Report Abuse

Credit Suisse increased another 3mil shares on 16 & 17 Dec.

Since Sona oilfield is in Australia and the selling price is at USD, but payment of expenses for the oilfield is in AUD, there is forex gains too for Sona even crude is now at the lowest.

Any profits repatriate back to Malaysia could also resulted in forex gain for the company as AUD vs RM.

My opinion.

Posted by yamatotrading > 2015-12-25 23:17 | Report Abuse

since Sona is not using 100% of the trust fund, would it be possible to refund the balance to shareholder ? Just my wild opinion. It would be great if is true.

Posted by stockraider > 2015-12-26 11:14 | Report Abuse

Sona investment is quite simple..........!!
Unless its share price move above its cash price of Rm 0.48....there is a generally tendency to vote against & get back cash mah.....!!

For warrant better to sell & avoid bcos the risk is very high lah....!!

Posted by jacklintan > 2015-12-28 00:13 | Report Abuse

ktsk88: so, what say u about Sona? better to hold or to dispose?

Posted by jacklintan > 2015-12-28 00:14 | Report Abuse

the guarantee part about Sona is at 45 cts is there if the company is dissolved.

Posted by Desa20201956 > 2015-12-28 02:07 | Report Abuse

the guaranteed part....
sure you want a 2 sen profit when there are so much opportunities in Malaysia?

Posted by akhan1717 > 2015-12-28 11:05 | Report Abuse

hi guys...just wait for the mngmt to finalise the QA
Once done then you can see the stock price move accdly.

Posted by ktsk88 > 2015-12-28 11:40 | Report Abuse

Oil prices seen the bottom and hopefully 2016 will up as many of those analysts predicted. Then we have hopes on Sona to chart higher.

If the QA is approved this is the 1st O&G SPAC that have revenue from production unlike Hisbiscus despite all the hoo hah on licensed acquired/exploration JV/etc but not seen the revenue after many many tied-up.

Hopefully Sona will turn the fortune around despite the sluggish O&G market and weak oil prices.

Posted by CLIQmanagement > 2016-01-03 23:55 | Report Abuse

hopefully.. holding 400k shares now. Looking forward to increase to 500k shares.

Posted by ruslimz > 2016-01-07 10:10 | Report Abuse

off market trade 26m shares......who is the buyer.....

Posted by analyst > 2016-01-07 22:16 | Report Abuse

If GLC related co, likely this counter is going to fly high...... Hope to see its sky high with target > RM1.0 to bring a big momentum & positive spirit to our local stock market.

Posted by riaz > 2016-01-08 16:43 | Report Abuse

As 5 jan Credit sussie owned 11.08% share and 26 million traded off market.
Sometinf

Posted by riaz > 2016-01-08 16:45 | Report Abuse

Something is going on

Posted by tingweichun > 2016-01-08 18:33 | Report Abuse

Perompak no 3 di Malaysia, after abang jib dan cliq director ! Sona director

Posted by CLIQmanagement > 2016-01-08 21:06 | Report Abuse

anyone got a view or news ?... such as is it a good buy ? weak MYR weak oil price ?.. looks like off setting each others only

Posted by jack2 > 2016-01-11 09:15 | Report Abuse

any idea why credit suize keep buying?

Posted by jack2 > 2016-01-11 11:50 | Report Abuse

credit suizze collect another 900K this morning?

Posted by oracle_of_delphi > 2016-01-11 13:09 | Report Abuse

Sona’s QA may face compliance issue
http://www.focusmalaysia.my/Mainstream/Sona%E2%80%99s%20QA%20may%20face%20compliance%20issue

Posted by jack2 > 2016-01-11 20:13 | Report Abuse

credit suize sold 26M off-market on 6/1. wonder who is the buyer?




ruslimz off market trade 26m shares......who is the buyer.....

07/01/2016 10:10
riaz As 5 jan Credit sussie owned 11.08% share and 26 million traded off market.
Sometinf

08/01/2016 16:43

Posted by jack2 > 2016-01-12 11:40 | Report Abuse

one positive contrarian investor bought 26M

Posted by jacklintan > 2016-01-12 13:42 | Report Abuse

Somebody told me this counter is charcoal turning into diamond
Dunno how true it is

Posted by jack2 > 2016-01-12 19:26 | Report Abuse

hehehe, how can become diamond when oil price usd30
check out the guy whether he is mentally sound