CLIQ Energy to be delisted on March 4

March 26, 2019

Dateline 2019-02-27, The Sun:

CLIQ Energy Bhd will be delisted from Bursa Malaysia on next Monday, March 4, the company said today.
“The entire issued share capital of CLIQ will be removed from the official list of Bursa Securities with effect from 9am, March 4, 2019 pursuant to Paragraph 16.11(1)(d) of the Main Market Listing Requirements of Bursa Securities,” it told Bursa Malaysia in a filing.
CLIQ, which is the second oil and gas special-purpose acquisition company (SPAC) to list on Bursa Malaysia, announced in February 2016 that it would be liquidated after failing to secure its qualifying acquisition within three years.
Trading in its shares was suspended on Oct 5, 2016.

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Local O&G companies continue to be hurt by 2014 oil rout

March 18, 2019

I hurt.

Dateline 2019-02-18, Malaysian Reserve:

The 2014 global oil rout continues to impact the oil and gas (O&G) sector in the country.
Perisai Petroleum Teknologi Bhd’s regularisation plan was rejected by Bursa Malaysia and its share was suspended on Jan 22. The company had appealed the decision on Feb 8 and its official delisting from the Main Market is pending the outcome of the appeal.
CLIQ Energy Bhd distributed RM6.12 million from its trust account to shareholders on Jan 31 after the special-purpose acquisition company failed to secure a qualifying asset within the three-year deadline and will soon be delisted.
Scomi Group Bhd is also reeling from the 2014 oil fiasco.

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Malaysia’s CLIQ emerges as potential Roc Oil suitor

September 24, 2014

Dateline 2014-07-09, Business Spectator:

Malaysia’s CLIQ Energy may end the mystery around Australia’s mid-cap oil and gas group Roc Oil, which surprised the market in June by revealing an unidentified third-party suitor during its controversial merger process with peer Horizon Oil.

“CLIQ Energy is interested in Roc Oil as long as they meet our requirements and at the same time we are also pursuing other assets either as our QA (qualified acquisition) or post QA to create a balance portfolio,” CLIQ told Data Room in an email late on Wednesday.

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CEB shortlists 5 potential assets for acquisition

September 1, 2013

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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