Posted by akhan1717 > 2016-05-31 11:18 | Report Abuse

big show soon...keep yr warrants guys..

Posted by meegoreng > 2016-05-31 11:56 | Report Abuse

akhan1717, i attended both egm and been holding the shares for years. Despite the credentials n impressive profiles of the management team (even with the chairman of rhb cap on board), it has been a big big letdown thus far.....

Posted by harta999 > 2016-05-31 12:33 | Report Abuse

1st tranche perhaps in 3 months time.. but i dont think will distribute 99% cos certain areas not easy to get clearance in 3 months time..

Posted by akhan1717 > 2016-06-01 10:46 | Report Abuse

..meegoreng..i m just hopeful..good biz venture hijack by yield investors..do hope sona mngmt revive the deal.

Posted by callme777 > 2016-06-02 08:51 | Report Abuse

Where and when is the AGM?

Posted by TheContrarian > 2016-06-02 15:33 | Report Abuse

Saujana Hotel on 21st. June.

Posted by callme777 > 2016-06-02 16:24 | Report Abuse

Thanks

Posted by callme777 > 2016-06-02 21:41 | Report Abuse

KUALA LUMPUR: Sona Petroleum Bhd, whose shareholders on April 26 voted against the proposed purchase of the Stag Oilfield in Australia, has been notified that the sellers - Santos Offshore Pty Ltd and Quadrant Northwest Pty Ltd - have terminated the sale and purchase agreement (SPA) with immediate effect.

The special purpose acquisition company, which has until end-July to complete a qualifying acquisition (QA) or risk being delisted, told Bursa Malaysia that the agreement was therefore terminated from June 2.

Sona had earlier sought to buy 100% interest (plus operatorship) in the Stag Oilfield, an offshore Western Australia oilfield which was already producing oil at the rate of 4,600 barrels per day as at June 2015, for US$25mil (RM104mil).

One of the conditions precedent to complete the SPA is getting the approval of Sona’s shareholders for the proposed acquisition.

Sona’s shareholders had on March 30 adjourned its EGM that was supposed to decide on its proposed QA.

In April, prior to the adjourned EGM, the company proposed a revised capital repayment to reward its shareholders should the QA be approved. under the revised plan from the management team, The proposed cash distribution had been fixed at 8 sen per share compared with 0 to 7.1 sen previously.

Despite the sweetened deal, 77.39% of the total number of votes cast at the adjourned EGM on April 26 were against the proposed acquisition.

Sona has until July 30 to make its QA, as the permitted timeframe would end 36 months after the date of listing.

Posted by rohank71 > 2016-06-02 22:49 | Report Abuse

deal called off? any chance of revival of warrants?

Posted by ruslimz > 2016-06-02 23:20 | Report Abuse

apa ini...company mau tutup pun mau main lagi ini warrants...macam tak ada bende lain boleh main......

Posted by Brutus121 > 2016-06-03 06:54 | Report Abuse

Some "Investors" still flogging the Dead Horse.

Posted by Leong Cheong Fatt > 2016-06-03 07:15 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/06/02/sonas-agreement-with-stag-oilfield-sellers-terminated/

Posted by speakup > 2016-06-03 09:06 | Report Abuse

Sona bungkus.
http://www.thestar.com.my/business/business-news/2016/06/03/sona-stag-oilfield-deal-terminated/

Posted by callme777 > 2016-06-03 09:12 | Report Abuse

Serve them right for not supporting the stock above cash value. Bye bye sona.

Posted by speakup > 2016-06-03 09:18 | Report Abuse

ya lor, sona directors only have themselves to blame for sona failure.

Posted by fzank > 2016-06-03 09:28 | Report Abuse

the biggest losers here are those that persistently bought soona-wa at 0.005 even though the deal is dead after the egm ....

Posted by speakup > 2016-06-03 09:29 | Report Abuse

those are gamblers, not investors.

Posted by fzank > 2016-06-03 09:30 | Report Abuse

like those playing roulette in genting .... persistently hoping that the number 37 will open even though the roulette table only has 0-36 numbers only .....

Posted by speakup > 2016-06-03 09:32 | Report Abuse

regardless, Sona management is partly to blame

Posted by fzank > 2016-06-03 09:32 | Report Abuse

agree with you speakup kor-kor ....

Posted by callme777 > 2016-06-03 11:07 | Report Abuse

Bye bye sona....

Posted by JN88 > 2016-06-03 11:16 | Report Abuse

Thank you very much for you all supporting their salary this few years..."I send my deepest ,grateful thank you to all of you , share holders, Organizer,Promoter appoint me as director in this SPAC for this few years.

Within this three years, Everyday I eat sleep, eat sleep, eat sleep, eat sleep and sometime see the money growing in account I feel very happy and the money come into ours pocket as salary ,,,this life is amazing and never happen in other people life.

Amazing.

Thank you. See you all again.

Posted by Old90 > 2016-06-03 11:19 | Report Abuse

Wasted, this is actually a great deal. *Sona had earlier sought to buy 100% interest (plus operatorship) in the Stag Oilfield, an offshore Western Australia oilfield which was already producing oil at the rate of 4,600 barrels per day as at June 2015, for US$25mil (RM104mil).* Deadline July 31.

Posted by JN88 > 2016-06-03 11:21 | Report Abuse

The question is Orang putih kidnap our money ya.

Posted by ruslimz > 2016-06-03 12:15 | Report Abuse

no..no...not to blame management or directors or sharehoders for the failure of this SPAC, blame it to SC for introducing SPAC to our markets.....SPAC had failed in other markets....but SC wants it to have a try here......the results is obvious.....DOOMED.......SC has realized this...and no more SPAC for approval...RSENA is the last........

Posted by ktsk88 > 2016-06-03 12:33 | Report Abuse

Now, REACH, RSena will be next to exit our markets....goodluck to the shareholders...........if you can exits and making small loses better leave than to hope hope hope.

Any of the big funds buying into the stocks then you are doomed like Cliq/Sona.

Posted by callme777 > 2016-06-03 12:43 | Report Abuse

Sayonara sona

Posted by hian949372 > 2016-06-03 14:27 | Report Abuse

would like to ask all, Y credit suisse keep buying this share and they buy a lot?
2nd question.. if wait sona disolved. How much money per share we can get back?

Posted by speakup > 2016-06-07 09:41 | Report Abuse

Crude oil US$50+
what a big waste for Sona. Had opportunity to buy Stag oil field dirt cheap, but lousy management didn't push up the share price to make QA successful. A big waste!

Posted by speakup > 2016-06-07 09:43 | Report Abuse

Sona management BODOH! very short sighted, and short term minded.
now they see crude oil price US$50+. they regret.

Posted by speakup > 2016-06-07 09:46 | Report Abuse

Sona was lucky to have timed their QA at the best time, the lowest crude oil price. But Sona management didn't take advantage of it, squandered it.

Posted by ruslimz > 2016-06-07 10:46 | Report Abuse

sona management lagi !!!!!! sudahlah tuuuu, nasi sudah jadi bubur....

Posted by speakup > 2016-06-07 14:36 | Report Abuse

sona bubur sudah hangus jadi karbon....

Posted by Chin Lai Jun > 2016-06-08 10:50 | Report Abuse

I already cut loss at last year, you all still holding warrant-A? hahahhaha, funny.

Posted by ruslimz > 2016-06-08 11:14 | Report Abuse

karbon monooxide to be exact.....

Posted by JN88 > 2016-06-09 21:23 | Report Abuse

Not only this management, all manager HOD CEO and many many tinggi pangkat all main main politic nia.... u see simply play play can earn so much lo. waseh

Posted by sudahkena > 2016-06-09 21:27 | Report Abuse

Write a comment..dear sona mgt.. I loss 100k +++ fr ths investment. ..

If I attend agm last year.. I will not put more money to ths counter.. look at your self..no energetic. .slow..and very old already...tunggu masa mau masuk kubur...and I still 28..and must facing huge loss... yess.. I will not blame you.. I will blame myself coz put money at old school mgt...
09

Posted by DRwarrant > 2016-06-09 22:10 | Report Abuse

Mr sudah kena....surely the blame is on you >> Bang your head to the wall @ jambu-guava tree 10 X as a lesson ,,,,, ( please do it softly ) to avoid injury.....
## thanks sona-wa --- many made solid jackpot from explosive sona-wa ....

Posted by meegoreng > 2016-06-10 12:40 | Report Abuse

Sona directors are like ostrich. Hiding n diam diam saja ever since the last egm. Do seize the last chance to lambast them and question them at the coming AGM! Dun let them get off easily

Posted by ruslimz > 2016-06-10 15:45 | Report Abuse

sudahkena...dulu lu kena ranhill, sekarang lu kena sona....banyak habis tuu....cereful lah skit, sayang luit lol....unless those amounts are peanut for you........

Posted by speakup > 2016-06-10 17:24 | Report Abuse

bring some rotten eggs to AGM ;-)

Posted by derrickinvestor > 2016-06-12 12:19 | Report Abuse

Oops siapa dapau sauna?

Posted by prc4wifefe > 2016-06-12 15:36 | Report Abuse

Feedback to SONA website not working

Posted by Pak Aji Ajid Janggut > 2016-06-13 10:14 | Report Abuse

SABAR,tunggulah july nanti ,SONA sure MELETUP,jangan panic,Haidar sekarang pecah kepala fikir macam mana mau selamatkan sona,kesia sama dia ,kalau sona tutup dia punya gaji pun tarak,kesia ?.

Posted by kerelbort > 2016-06-13 12:16 | Report Abuse

semoga pak janggut punya prediction betul.

Posted by maselankacak > 2016-06-13 12:47 | Report Abuse

lol bole invest dlm institusi perbomohan la if u guys stoked at "prediction" haha

Posted by prc4wifefe > 2016-06-13 15:13 | Report Abuse

Bukan meletop....dah berkecai

Posted by callme777 > 2016-06-14 11:25 | Report Abuse

Pay us back! U screw up and U want us to wait

Posted by kerelbort > 2016-06-14 14:59 | Report Abuse

Maselankacak... Not really stoked but exhausted option.. Hahaha

Posted by callme777 > 2016-06-14 15:04 | Report Abuse

Sona mngt why are U so quiet after the EGM?