So fast? This is how you make money. The Edge, Dateline 2013-07-30:
Sona Petroleum Bhd said today it has received a number of proposals for possible acquisition targets.
“We have received quite a number of proposals from the regions of interests,” managing director Datuk Seri Hadian Hashim told a press conference today at the listing ceremony of Sona.
“The team will have to go through the proposals when the listing is over,” he said.
Sona Petroleum — a special purpose acquisition company (SPAC) which acquires assets in the exploration and production phases of the oil and gas value chain – has said it is setting its sights to acquire assets in the Middle East, Africa and Southeast Asia.
Hadian did not offer more details but said Sona is also likely to make ventures into acquisitions of exploration and development assets when “there is profitability and when the opportunities arise”.
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Wata - Malaysian Oil and Gas Engineer 