Posted by Abudance > 2016-04-08 07:50 | Report Abuse

So long as management doesn't even buy Sona shares as prove of confidence of QA and follow SC QA pre-requisition guidelines .. Can kiss Sona good bye. Why they didn't think of giving $ back to shareholder 6 months ago? Why last minute cliff hanger?

Posted by sudahkena > 2016-04-08 07:59 | Report Abuse

they are buying tp increase stake... to vote yess???? I think not..

Posted by Brutus121 > 2016-04-08 08:09 | Report Abuse

Debate intensifying as everyone trying to minimise their losses...
For those not in control, might as well throw a dice to decide. It will at least give them a fighting chance!

Posted by callme777 > 2016-04-08 08:13 | Report Abuse

As I have said through out this forum, stock price do not lie. Even your QA is the best in the world but your stock is below cash, you might as well kiss good bye to all your hard work sona management

Posted by cruise > 2016-04-08 08:28 | Report Abuse

now the QA is given 2nd chance, many people includg me supporting the QA

if Hadi and founders dont take the chances accordingly...and the QA failed, they have themselves to blame, they deserved to lose money, though small amount, around rm20M?? and all the staff also deserved to lose their jobs

Genting LimGohTOng also took risk when he build road up the genting resort hill 70/80 yrs ago, many naysayers said he will fail and go bankrupt & using his own money leh.. no ipo fund then.

2. during his construction day, senior Lim probably spent millions, if converted to current low ringgit value, probably rm400M/500M on infrastructure only???

3. Senior Lim has a vision, not many have esp the naysayers...those days average monthly salary less than rm1000?? who would spend money on entertainment and gambling when food and education is more important then..

4. senior Lim spent so much & with no immediate revenue and income, but he has a vision

5. now, how is genting Lim????? billions revenue and profit... few generation also cant finish if they stop working...

Now, sona has a productive oil field stag, what are they thinking? do they have a vision???

be wise and smart or be damn...

Posted by ruslimz > 2016-04-08 08:33 | Report Abuse

ikut hati mati...ikut rasa binasa......jadi jangan lah melabur ikut hati dan ikut rasa......melabur lah guna otak dan common sense......

Posted by Wong Heam Kiew > 2016-04-08 10:41 | Report Abuse

Dont listen and believe 100% what they said, they can say until their saliva dry, but it is still what they do is more important.

Posted by Old90 > 2016-04-08 11:06 | Report Abuse

Patience wait for official announcements.

Posted by Vjean > 2016-04-08 11:14 | Report Abuse

A wise investor will only listen and make consideration base on those official announcements.

Posted by Shaun Goh > 2016-04-08 14:52 | Report Abuse

I Just cut losses on sona wa... Painful.... Hope I made the right choice...

Posted by ruslimz > 2016-04-08 15:34 | Report Abuse

normally price of the stock will react prior to the announcement....by the time announcement made....it is already anti climax....

Posted by Shaun Goh > 2016-04-08 15:56 | Report Abuse

Pag only start collecting months ago... Wonder what are they up to...
If they did collect warrant as well then it should be a yes from them (from my point of view)
I guess it still falls on what the management can hatch to sweeten the deal with shareholders.

Posted by sudahkena > 2016-04-08 21:13 | Report Abuse

is good if we know who is buying wa especially at big volume....

Posted by Shaun Goh > 2016-04-08 21:34 | Report Abuse

Sudahkena yup yup :)
I think we should put up a topic to discuss on that.
Title shall be "who's the warrant King" lols

Posted by sudahkena > 2016-04-08 21:46 | Report Abuse

when I read cliq forum....very scared. ....

who is wa king... if check daily volume... there are certain day volume is too big...

hopefully they will laugh to the bank.. not like cliq wa holder...

Posted by ruslimz > 2016-04-08 23:36 | Report Abuse

no such thing of warrants king maa.....fool king got laa.....it's normal for mau mati punya stocks traded at big volumes. Cliq warrants confirmed mati also traded at big volume. On 2 feb, 44m cliq-w shares traded at only 1 sen, on 23 feb, 38m shares traded at 0.5 sen and on 24 feb 23m shares traded at also 0.5 sen........which warrants king bought big volumes of confirmed mati these cliq-w shares.....fool king.......

Posted by jack2 > 2016-04-09 08:50 | Report Abuse

oil price surging brent usd41.94
stag oil +1.50 = usd44+

usd45 comin

once price reach usd50, all the naysayers kept talk 3, talk 4 now, will dissappear from this forum

Posted by sudahkena > 2016-04-09 13:14 | Report Abuse

yup..hope oil price increase + good incentive fr mgt.... then all goreng / vote yess

Posted by coolinvestor > 2016-04-09 13:21 | Report Abuse

Just wait and see what does the management offer.

Those dun like have been repeating negativity again n again...frankly its getting boring...

We know the issues la...u are not the only smart alec ...some think they are...

We are not children...we know wat to do or not do ...lol

Posted by YC_Ma > 2016-04-10 09:50 | Report Abuse

Dont rush .. sona the power of dream....hahahaha

Posted by xiongyan > 2016-04-10 11:53 | Report Abuse

Now management still deal with pag....... if before the 23april sona wa got people fully buy in. Sure the qa pass..

Posted by xiongyan > 2016-04-10 11:54 | Report Abuse

Oil strongly come back is a another point matter....

Posted by xiongyan > 2016-04-10 11:59 | Report Abuse

After 17 april opec,mayby all will clearly...that time just make your choose....

Posted by coolinvestor > 2016-04-10 13:33 | Report Abuse

We eagerly await news from the management. Still is early april tho

Posted by sonapetroleum > 2016-04-10 16:05 | Report Abuse

Dear all, we would like to clarify that Credit Suisse is a direct shareholder of Sona Petroleum (12.9%), whose beneficiary is the PAG Group. Below are the Bursa links, for your reference:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5052441
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5052429
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5039929
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5039945
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5039933
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5039941
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5039949

Lastly, we would like to share with you some recent news stories on Sona Petroleum:

http://www.bfm.my/snm-morning-run-crew-air-asia-sona-petroleum-minority-rights.html
http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1233630
http://www.oananews.org/content/news/bussiness/sona-stag-us25-mln-deal-lowest-og-industry

As always, do let us know if you’ve any questions!

Posted by cruise > 2016-04-10 18:08 | Report Abuse

Now, is much clearer that the shares held by CS is for PA.

As reported CS held 12.9% and PA held 10.60%

How much shares is held by PA in total whether direct & indirect? It is 12.9+10.6%= 23.5%?

Posted by speakup > 2016-04-10 18:30 | Report Abuse

sonapetroleum can a person with 2 share accounts, one vote FOR and another vote AGAINST?

Posted by sudahkena > 2016-04-10 18:49 | Report Abuse

sonapetro....


did these 2 foreign institutional buy wa? did u made discussion with them? how abt their intention to vote yess or no???

Posted by xiongyan > 2016-04-10 19:11 | Report Abuse

Well down.... sinagnure for know the cs and pag will vote yes, qa will pass ....

Posted by sudahkena > 2016-04-10 19:27 | Report Abuse

tht only common news.....

Posted by investing101 > 2016-04-11 07:55 | Report Abuse

EGM on April 26th

Posted by Mk17 > 2016-04-11 08:42 | Report Abuse

26th or 23th?

Posted by maselankacak > 2016-04-11 09:40 | Report Abuse

where stockraider? i wanna ask him regarding his magnificient calculation of sona follows sona wa price lol

Posted by sudahkena > 2016-04-11 10:55 | Report Abuse

1bill usd cost... now they buy only at 25mil usd... sound good. ..with their oil trade at premium...

Posted by Kareemabduljabbar > 2016-04-11 12:16 | Report Abuse

EGM on 26th as per

http://www.thestar.com.my/business/business-news/2016/04/11/sona-eyes-other-assets-in-western-australia/

was there a Bursa disclosure I missed ?

Posted by coolinvestor > 2016-04-11 12:35 | Report Abuse

their reserves is already worth much more than usd25 mil if extracted from the ground.

i am curious as to why no oil analyst state this. I have given a calculation from a previous post long ago ....

What about the future value of stag?

Oil n gas co are valued from their reserves namely 1p n 2p about 30.5 mil barrels of oil.This amount assumes amount of oil they still have n gca has gone on a conservative valuation. plus they did not include the 3p oil n the extra hart fields which may have extra oil after exploration. This is all in the report by gca. This 30.5 mil oil barrels assumes using infill to generate those reserves numbers. And we havent even talk about oil prices yet.

so how much is this reserves worth? Assuming they used up the 400mil cash for infill..

Base on oil price usd40
exchange rate usd to rm 4.1
their costs of production/ oil extraction usd30
note. Reserves are valued after extracted from grd.

Reserves value:
30.5 mil x 4.1 x ( usd40- usd30) = 1.25bil rm

this is black gold waiting to be extracted from the ground!

i also dun know why they dun promote like this. we investors all see $$$ signs only ma....

Posted by xiongyan > 2016-04-11 13:32 | Report Abuse

Investor will give the qa pass lah...... just want more the $$ and promise only....
This qa is good changes for future..................

Posted by Kareemabduljabbar > 2016-04-11 14:32 | Report Abuse

bye bye SPACs.

Posted by T1T4N > 2016-04-11 14:49 | Report Abuse

Wow, I think PAG is in action again. Whacking up the Mother share.

Posted by Brutus121 > 2016-04-11 17:08 | Report Abuse

coolinvestor..
Analyst have done their evaluation on the QA. see: http://www.nama.com.my/PRINT_NEWS/2016/04/04/20160404_N60_EDG_CR_26_FC_THE~LURE~OF~SONAS~CAPITAL~REPAYMENT.JPG

As far as Stag Field Performance Goes, Expenditure exceed income (see last 4 paragraphs of the above).

Only 2P (Proven + Probable) reserves are used in any Field Economic Evaluation. Those Conservatives may even prefer to only use 1P(Proven).

Your simplistic assesment does not include royalties and taxes due to the Australian Government.

Posted by coolinvestor > 2016-04-11 17:33 | Report Abuse

so brutus, what is the proper valuation of the 2p reserves minus the tax n royalty ..in your opinion?

we need good info to make informed decisions.

Posted by ruslimz > 2016-04-11 18:03 | Report Abuse

buy...buy....just buy......sebelum mampus!!!!!!

Posted by sudahkena > 2016-04-11 23:56 | Report Abuse

free money... not easy

http://www.thestar.com.my/business/business-news/2016/04/11/cliq-main-shareholder-files-judicial-review-against-sc/

Posted by ab55 > 2016-04-12 08:20 | Report Abuse

jangan takut jangan risau beli kumpul sona-wa sebanyak mungkin.......QA pasti passss. Ini kali sajalah......

Posted by Brutus121 > 2016-04-12 08:22 | Report Abuse

If you read the Original release statement by Sona, the 2P (remaining reserves) is only 16 million bbls of oil. If you minus the royalty of 10-12% and subsequent Taxes on Profit (beware Aussie taxes are high!)there will be a likely deficit insufficient to cover for costs.

Management is touting increase of production through spending more drilling new wells. Operational Risk at Stag is moderate to high due to Reservoir depletion, unconsolidated rock, water breakthrough and sand production creating conditions where infill drilling campaigns have become increasingly problematic in the field in recent years.

They have had to use new technology just to set casing to avoid hole instability problems (casing while drilling tech). Perhaps that is why Santos decided to give it away just to get rid of a problem.

Posted by investing101 > 2016-04-12 08:39 | Report Abuse

Cliq's management's move to file an injunction against liquidation raises new issues for SONA. If the QA doesn't go through, will they also do something similar to delay liquidation?

Posted by ruslimz > 2016-04-12 10:49 | Report Abuse

GOOD BY to the SPAC in MALAYSIA.......

Posted by sudahkena > 2016-04-12 13:02 | Report Abuse

after cliq mgt file to court..now they must think twice to vote against. . money stuck longer time..lost other opportunity. .. so today no volume. .

Posted by maselankacak > 2016-04-12 14:06 | Report Abuse

*bye

Posted by Brutus121 > 2016-04-12 14:56 | Report Abuse

That's Ziyad for you....Stubborn as ever!