Highlights
KLSE : HIBISCS       HIBISCUS PETROLEUM BHD
Last Price Today's Change   Day's Range   Trading Volume
0.195   -0.005 (2.50%)  0.19 - 0.195  2,997,000
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Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):7,029,661
4 Weeks Range:0.175 - 0.215
52 Weeks Range:0.13 - 0.905
Average Price Target:0.80
Price Target Upside/Downside:+0.605
View Price Target Detail

Headlines

Latest Headlines
19/07/2016  英国油田贡献‧木槿花受追捧
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  29 people like this.
 
izoklse http://poloresources.weblite.com.my/WebLITE/Applications/news/uploaded/docs/12072016%20POLO%20Hibiscus%20Increase%20in%20Investment%20%20HPB-FInal.pdf


POLO EMERGES AS SECOND LARGEST SHAREHOLDER IN HIBISCUS PETROLEUM

Polo Resources Limited (AIM: POL), the natural resources investment company with interests in
oil, gold, coal, copper, phosphate, iron and vanadium, is pleased to announce an increase in its
subsidiary, Polo Investments Limited’s interest in Hibiscus Petroleum Berhad (HIBISCS: MK)
(“Hibiscus”), a company listed on the Main Market of Bursa Malaysia Securities Berhad to 10.20
per cent via the subscription of 48.9 million new shares at an issue price of MYR0.18 per share.
This increase in shareholding makes Polo Investments Limited the second largest shareholder of
Hibiscus after the Hibiscus management team.

Hibiscus is an independent oil and gas exploration and production company, jointly operating its
maiden producing asset, the Anasuria Cluster, in the North Sea, United Kingdom.
For the third individual quarter ended 31 March 2016 Hibiscus recorded a profit after taxation of
MYR80.5 million (approximately USD20.22 million). In its press release of 30 June 2016,
Hibiscus disclosed that following the completion of the acquisition of its stake in the Anasuria
Cluster on 10 March 2016, RPS Energy had revalued the interest held by Hibiscus in the
Anasuria Cluster as of 1 March 2016 to USD208 million, based on updated oil and gas
production profiles, latest oil price projections and revised operating and capital cost estimates.
This signifies an 84% uplift in asset valuation when compared to a previous report also issued by
RPS Energy in September 2015 which initially valued Hibiscus’ interest in the Anasuria Cluster at
USD113 million.
19/07/2016 22:14
upandownup http://midf.com.my/images/pdf/research-Report/Equity-Beat/2016/Hibiscus%20Petroleum-Cash%20Flow%20boost%20from%20Anasuria-MIDF-150716.pdf

Fair value of RM0.40
20/07/2016 11:48
Jason Seng Post removed. Why?
21/07/2016 10:55
Jack Lee oil price drop lo
26/07/2016 09:30
MGrowth worry will drop back 0.18 - 0.17 level .... wow ....
26/07/2016 16:45
MGrowth run .... hibis performance so so
26/07/2016 16:46
marketplace so lousy one,thought anasuria coming 0.40 up up up....
26/07/2016 21:03
marketplace When report out fly fly fly?
26/07/2016 21:04
Brutus121 Juat a fart in the pants....Now back to same same
27/07/2016 08:47
MGrowth read the report properly ... the estimation revenue is long period la ....
28/07/2016 11:41


 

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