Highlights
KLSE : HIBISCS       HIBISCUS PETROLEUM BHD
Last Price Today's Change   Day's Range   Trading Volume
0.18   -0.005 (2.70%)  0.175 - 0.18  2,817,900
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Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):2,720,389
4 Weeks Range:0.175 - 0.205
52 Weeks Range:0.13 - 0.905
Average Price Target:0.80
Price Target Upside/Downside:+0.62
View Price Target Detail

Headlines

Latest Headlines
03/01/2016  When will Hibiscus bloom? (4) - M.A. Wind
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  29 people like this.
 
Brutus121 British pound dropping
24/06/2016 14:11
truthseeker Its down down and down. Have said it before and will said it again "THE END IS NEAR".
24/06/2016 14:35
truthseeker DAX is down 10% as expected. Routing to start. This is just the beginning of EU problems.

For this scam company without any fundamentals - this will nail the coffin.
24/06/2016 15:05
truthseeker Spain down by 15% in index. This is due to they know there will be no more funds coming to help.
24/06/2016 15:07
upandownup Heh heh... sharemarket is like that la, up down up down up la... what do you expect brutus121...
24/06/2016 16:00
upandownup truthseeker bro, why you always say no fundamentals la and like what you said and said again "the end is near" but never happen. Say la the end is next month etc and then when it happens then we all believe la... you not very truthful la... heh heh, chill bro.
24/06/2016 16:07
stockrumah Petrofac is doing a great job.

23 June 2016
Highlights from first 100 days as Duty Holder on Anasuria


Petrofac is celebrating 100 days since being appointed Duty Holder to support Anasuria Operating Company Limited (AOC) - a UK joint venture formed between Hibiscus Petroleum Berhad (Hibiscus) and Ping Petroleum Limited (Ping) – on the Anasuria cluster.

The assets acquired by Ping and Hibiscus are located 175km east of Aberdeen and consist of a 100% interest in the Anasuria FPSO, Teal, Teal South, Guillemot A fields and a 38.65% interest in the Cook field.

We are working with AOC to extend the life of the Anasuria cluster and are using our enterprise to maximum effect. The collaboration not only marks the evolution of our service model, but it also marks the beginning of a new era for the North Sea.

Highlights from our first 100 days as Duty Holder include:
•Gas export rate increased by 50%
•Peak production significantly increased
•No accidents or incidents
•Members of our management team have visited the assets three times and there have been16 trips to Anasuria by a variety of disciplines from within the onshore support team

Sandy Merson, Petrofac Operations Manager commented: “It’s been 100 days since we began our post-transition journey. I’d like to thank the Petrofac and AOC teams for their combined focus and drive, which is laying the foundations for a successful Anasuria story that we can all be proud to be a part of.”

Source:

http://www.petrofac.com/en-gb/media/news/highlights-from-first-100-days-as-duty-holder-on-anasuria/
24/06/2016 16:15
truthseeker Buy using other people money, then got others to run it...ha! ha! ha! where got fundamentals?

All placements are now getting cheaper and cheaper. From RM1.80 to the lowest done the last time at 0.18 cents. Its sure going the right direction..down, down down ha! ha! ha!

When you don't know your business and simply buy using other people money, which is free for you, you have no clue what you are doing. Especially when you go and farm out the operations itself. What is your role, money collectors from gullible investors?

Those who took placements at Rm1.80 now bleeding, those who tool at 0.24 also bleeding.. this is greed and the greed of this counter has consumed so many
24/06/2016 16:21
upandownup The market will be dictated by supply and demand, war is over... come on OnG!

http://qz.com/714622/saudi-arabia-has-declared-an-end-to-its-oil-war-with-the-us/

Saudi Arabia has declared an end to its oil war with the US

Two years after quietly declaring war on upstart US shale, Saudi Arabia says the need for the fighting is over. In remarks to journalists while on a US visit, Saudi Arabian energy minister Khalid Al-Falih said that the worldwide oil glut has vanished, signaling an end to Saudi Arabia’s strategy of flooding the global market with oil to try to put American drillers out of business.

The implication was that Saudi Arabia owned the victory. But a three-week-long resurgence of US oil drilling after 21 months of decline suggests that Saudi and the US fought to a draw.

Falih noted that a record volume of oil remains in storage in the US and around the world (paywall), built up during the glut, but once much of that is sold off, the kingdom can resume its traditional role managing supply and demand.

“We are out of it,” Falih told the Houston Chronicle. “The oversupply has disappeared. We just have to carry the overhang of inventory for a while until the system works it out.”

The Saudis went to war in June 2014 after a sudden, 4-million-barrel-a-day surge in US shale oil production. The surge put a fright into the Saudis, who saw that the OPEC oil cartel was losing its four-decade-long influence over global oil prices. As a result, they decided to sweat out US drillers by flooding the market and forcing down oil prices. When Russia did the same thing, oil prices plunged below $27 a barrel by March 2015, down from an average over $100 a barrel from 2011 through 2014. In trading today, Brent, the internationally traded benchmark, was as high as $50.90 a barrel.

Along the way, the low prices triggered a bloodbath in the US shale patch, and in Canada’s as well. As of the end of May, 81 North American oil companies had declared bankruptcy, according to Haynes Boone, an oil patch law firm. The number of oil rigs in service in the US plunged as well (see chart below), to 316 at the end of May from a peak of 1,609 in October 2014. Oil production plunged to about 8.7 million barrels a day from 9.7 million at the peak in March 2015. But the resurgence of oil prices has resulted in a turnaround in rigs, too–last week, they rose by nine to 337, according to Baker Hughes, an oil services firm.

With prices over $50 a barrel, more US oil appears to be on the way. In a June 22 note to clients, Citi analyst Edward Morse reported that there are nearly 2,000 drilled but not completely constructed wells in the US oil patch. With higher prices, companies will begin to bring those into production. Morse forecasts that those wells could bring US production back to 9 million barrels a day by this time next year.

Just three weeks ago, Falih had said that Saudi Arabia will not set price targets. But in his new remarks, he suggested that the kingdom would step in to manage supplies, which could add up to the same thing. “Despite the surplus in global oil production and lower prices, the focus of attention remains on countries such as Saudi Arabia which, due to its strategic importance, will be expected to balance supply and demand once market conditions recover,” he said.

“The question now is how fast you will work off the global inventory overhang,” Falih said. “That will remain to put a cap on the rate at which oil prices recover. We just have to wait for the second half of the year and next year to see how that works out.”
24/06/2016 16:28
stockrumah Brexit in fact should be beneficial to hibiscus as lower exchange rate to sterling pound for opex and they sell the crude in US$ which is expected to rise.
24/06/2016 16:46


 

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