October 25, 2016 3:27 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Sona Petroleum Berhad

Company Overview

Sona Petroleum Berhad does not have significant operations. It intends to acquire oil and gas exploration and production assets in the regions of Southeast Asia, the Middle East, and Africa. The company was incorporated in 2011 and is headquartered in Kuala Lumpur, Malaysia.

Kuala Lumpur Sentral

Level 10

1 Sentral

Jalan Rakyat

Kuala Lumpur,  50470


Founded in 2011

9 Employees


60 3 2173 1188


60 3 2173 1288

Key Executives for Sona Petroleum Berhad

Managing Director and Non-Independent Executive Director
Age: 58
Total Annual Compensation: 575.4K
Chief Financial Officer, Non-Independent Executive Director and Member of Risk Management Committee
Age: 63
Total Annual Compensation: 346.0K
Compensation as of Fiscal Year 2015.

Sona Petroleum Berhad Key Developments

Sona Petroleum Berhad Announces Change of Address

Sona Petroleum Berhad announced change of address from Level 24, Menara 3 Petronas, Persiaran KLCC, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Wilayah Persekutuan, Malaysia to PricewaterhouseCoopers Advisory Services Sdn. Bhd. Level 10, 1 Sentral, Jalan Rakyat, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Wilayah Persekutuan, Malaysia.

Sona Petroleum Shares To Be Suspended From Bursa Malaysia Securities Berhad

As advised by Bursa Malaysia Securities Berhad, the trading in Sona Petroleum shares will be suspended with effect from 9.00 a.m. on 27 September 2016 pursuant to Paragraph 16.02(1)(j) of the Main Market Listing Requirements. Hence, the last day for trading of Sona Petroleum shares is on 26 September 2016. Sona Petroleum will generate a Record of Depositors on 29 September 2016 (3 market days from the last day for trading) to determine the eligible shareholders for the liquidation distribution.

Sona Petroleum Berhad Reports Un-Audited Consolidated Earnings Results for the Six Months Ended June 30, 2016

Sona Petroleum Berhad reported un-audited consolidated earnings results for the six months ended June 30, 2016. For the six months, the company reported other income of MYR 10.2 million compared to MYR 10.4 million, operating loss of MYR 0.5 million compared to operating profit of MYR 6.1 million, loss before tax of MYR 11.2 million compared to MYR 5.0 million and loss after taxation attributable to owners of the company of MYR 13.4 million or MYR 0.01 per basic and diluted share compared to MYR 6.9 million or MYR 0.01 per basic and diluted share for the last year. Net cash used in operating activities was MYR 8.2 million compared to MYR 14.2 million and purchase of plant and equipment was MYR 36,067 compared to MYR 5,038 for the last year. The main difference in loss before tax was due to the additional expenses incurred for the annual and extraordinary general meeting held during the current financial period and the expenses in relation to the Evaluating of Qualifying Acquisition.

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Recent Private Companies Transactions

November 2, 2015
Production Licence WA-15-L and Pipeline Licence WA-6-PL

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