Dateline 2013-07-23:
Oil and gas (O&G) exploration and production (E&P) company CLIQ Energy Bhd (CEB) has shortlisted five qualifying assets out of 38 proposals for full evaluation, MD and CEO Ahmad Ziyad Elias said.
He said the shortlisted qualifying assets are from Malaysia, Indonesia and Papua New Guinea which will now move to the next stage of evaluation.
“We have already appointed consultants to evaluate the shortlisted qualifying assets, which is a mixture of pre-development assets, assets that need appraisal as well as production assets that have merger and acquisition (M&A) opportunities,” Ahmad Ziyad told reporters after the company’s first AGM in Kuala Lumpur yesterday.
CEB, a special purpose acquisition company (SPAC) which specialises in the acquisition and development of O&G assets located in Asia and Oceania, has been actively focusing on acquiring discovered small- and medium-sized O&G fields with relatively low to moderate risk.
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Posted by Wata 
Wata - Malaysian Oil and Gas Engineer 