Highlights
KLSE : HIBISCS       HIBISCUS PETROLEUM BHD
Last Price Today's Change   Day's Range   Trading Volume
0.71   -0.005 (0.70%)  0.70 - 0.72  634,900
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Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):2,568,647
4 Weeks Range:0.62 - 0.905
52 Weeks Range:0.62 - 1.55
Average Price Target:1.80
Price Target Upside/Downside:+1.09
View Price Target Detail

Headlines

Latest Headlines
20/08/2015  PublicInvest Research Headlines - 20 Aug 2015
07/08/2015  PublicInvest Research Headlines - 7 Aug 2015
05/08/2015  PublicInvest Research Headlines - 5 Aug 2015
04/08/2015  PublicInvest Research Headlines - 4 Aug 2015
30/07/2015  PublicInvest Research Headlines - 30 Jul 2015
25/06/2015  When will Hibiscus bloom? - M.A. Wind
23/06/2015  Patience Needed Before Blossoming
11/06/2015  PublicInvest Research Headlines - 11 Jun 2015
02/06/2015  PublicInvest Research Headlines - 2 Jun 2015
19/05/2015  PublicInvest Research Headlines - 19 May 2015
17/04/2015  PublicInvest Research Headlines - 17 Apr 2015
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  25 people like this.
 
Flowerblossom Thanks makemoneynow.

And Edmund investor: Today Brent Crude is USD49 per barrel

49.05 -0.20 (-0.40%)
5:38:37 - Real-time CFD Data. Currency in USD ( Disclaimer )

Please look at :http://www.investing.com/commodities/brent-oil-streaming-chart

Nice 1: 40,000,000 barrels divide by 4,380 (which is number of days for 12 years) give you AVERAGE production of 9,132 barrels per day

All these are verifiable.
10/08/2015 13:43
Flowerblossom This latest uploaded presentation of Anasuria below will give you an appreciation and very good picture of the whole exercise:

http://www.hibiscuspetroleum.com/download/pdf/media/news/Anasuria%20Feature%20for%20website%202015%2008%2008.pdf

1P Reserves: 29 mmboe
2P Reserves:45 mmboe
3P Reserves: 60 mmboe

Hibiscus-Ping joint venture takes on 100% ownership of the FPSO and existing infrastructure

Transaction with two oil and gas supermajors: Shell andExxonMobil Provides capital market access to support other
10/08/2015 13:58
Flowerblossom And the Latest company presentation of August will explain what the company asset are:

http://www.hibiscuspetroleum.com/download/pdf/media/news/Aug%20New%20Launch%20R1a.pdf

Please see page 12

- 38.7 MMboe 2P/2C proven reserves
- 1519.5 MMboe prospective reserves

Working towards 2016 mission (Page 13):
• 100 mmbbls 2P/2C Reserves
• 10,000 bbls/day of production
• Australia and United Kingdom are core assets
• Oman has exploration potential


Successfully awarded a concession which includes a discovered oil accumulation in one of Egypt’s most prolific basins (page 28).

1P Reserves1: 7.5 MMstb
2P Reserves1: 9.3 MMstb
3P Reserves1: 11.4 MMstb
Prospective Resources1: up to 166 MMstb

DRILLING OF 4 more wells this year (page 34)
- 1 in Australia (August)
- 3 in Norway in 2H of 2015
10/08/2015 14:10
Flowerblossom It should be pretty obvious why they got a very good deal - Hibiscus Chairman Mr. Zainul Rahim who was formally the Chairman of Shell Companies Egypt and Deputy Chairman Shell Companies Malaysia - must be instrumental with Dr Ken in the North Sea and Egypt deal.
10/08/2015 14:15
aimhi Yes, having watched this counter from the sidelines - with interest, I would suggest that this latest announcement offers the catalyst that has been lacking. Progress has to-date has been left wanting, but in reading the presentation above, it is clear that all the pieces of the jigsaw are indeed now being firmly put in place to enable a very strong base from which further progress can be made.

Prime production - with tangible asset -within the North Sea is certainly not to be sneered at. Whilst this has come about through realignment of assets by the majors, the fall in oil/gas prices may prove to have been extremely beneficial to the counter, as without the fall, the opportunity may not have arose!! Real and meaningful production coupled with the high potentials in OZ now offer a far greater and significant attractiveness to the counter. And, any northward movement in oil price now offers yet further attractiveness. Following with interest!!!
10/08/2015 15:40
supernova cant afford petronas, then buy tis bunga raya
10/08/2015 15:42
Edmund investor Only a successful turn around from loss to profitable , can convince more investors to buy. So let the results prove the fundamental
12/08/2015 05:59
Edmund investor Oil assets no longer in focus over prolonged bear in crude prices . Better avoid all related oil, gas & commodity stocks
17/08/2015 11:42
certified 1week wet, 6 month dry!
20/08/2015 23:52
skybursa Target price 1.80 for a spac stock??????? Maybe in 8 or 10 years time
24/08/2015 20:36


 

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