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Overview
Financial Highlight
HeadlinesBusiness Background Hibiscus Petroleum Bhd along with its subsidiaries is engaged in exploration and development of oil and gas. It has operations in Middle East, Norway and Oceania regions.
  mf U.S. crude oil jumps more than 3%, closes above $77 as market waits for Israel strike against Iran Published Mon, Oct 7 20247:20 AM EDTUpdated 2 Hours Ago 08/10/2024 5:18 AM  James_Bond As i predicted, Brent oil crossing USD 80, next would be USD 90 and then USD 100+… 08/10/2024 6:04 AM bullrun168 Walaoeh, oil price spike up like mad ! Brent closed at=> $80.93 +2.88 +3.69 % Heng ah, Ong ah, Huat ah ! 08/10/2024 8:10 AM Rahman00 Btw just asking ah, why Hibiscus not acquiring any block in Sarawak? Any idea? 08/10/2024 12:16 PM STFUrr88 Hibiscus doesn't randomly acquire blocks which might not be feasible for additional future farm in or exploration. My two cents opinion. Every move by hibiscus basically will have a future expansion plan around it's assets. And obviously hibiscus has enough of future capex to be committed till 2028. 08/10/2024 12:43 PM Rahman00 Ohh I'm asking because they want to increase their gas portfolio, so I was thinking that Sarawak has many gases asset. So, I just wandering about it. But do you think that in near term they will acquire any more assets? 08/10/2024 1:44 PM STFUrr88 If the management wants to reach their target of 50k bbd soon, definitely acquiring asset is the only option. But whether financially is feasible to do so is another story. 08/10/2024 3:00 PM STFUrr88 Usually hibiscus only acquire brownfield at the right price, optimise the production, then maximise profit. I'm not sure whether Sarawak has any such brownfield for sale at the moment which is eyed by hibiscus 08/10/2024 3:05 PM Ruben3636 Israel isn't gonna knock out Iran's oilfields and even if it does, market has other venues to make up for lost supply .All in all it has become speculative and nothing else. 08/10/2024 11:10 PM James_Bond Middle East conflict is just the beginning! Brent oil price will shoot back up to USD 80 and beyond! Watch out! 09/10/2024 11:04 AM kahhoeng To Investor Relations, Hi, my name is xxx and a shareholder of Hibiscus Petroleum who will be attending the EGM tomorrow. Before raising my concern, I would like to congratulate to the BODs for another acquisition which hopefully will bring Hibiscus into the next level. With Maybank report depicting an unfriendly view on Hibiscus, I was wondering if you would kindly offer retail investors like me a brief view of Hibiscus Petroleum given the following scenario during the EGM? 1. Brent oil of USD 75 and Tapis of USD 78 2. USD-RM exchange rate of RM 4.2 to USD 1 3. Excluding any adjustment or impairment In particular, may I know given above scenario, what would Hibiscus Petroleum operating cash flow, net profit, and capital expenditure be before and after the acquisition of Brunei asset as below: Before Acquisition After Acquisition Operating Cash Flow Net Profit Capital Expenditure An estimation would greatly assist minority shareholders like me (who lack the full scale of forecasting Hibiscus financial performance) to understand the great condition of Hibiscus Petroleum given scenario. 09/10/2024 12:06 PM Chidi Shi $HIBISCS (5199.MY)$ 公司把赚的钱都拿去买新油田，股息给太少了。即使不断的回购股票，也还是跌跌不休！应该把净利38%拿来派息予小股东，或者是把回购的库存股发红给股东。只要有股价的5%以上回酬率，那么此股价格至少站在3令吉以上。 09/10/2024 12:55 PM STFUrr88 To be honest, share price will only go up when the issued amount of shares be reduced tremendously or unexpected good news like Brent 100 be announced. As of now, we can see that management is still doing share buy back daily basis to justify their view that the share price is currently at an undervalued state. The direction of everything is right and the ball is in our court 09/10/2024 1:18 PM James_Bond Brent oil price rebounding strongly as predicted… all the way to USD 80 and beyond! 09/10/2024 3:19 PM James_Bond By the way, Winter is around the corner… need lots of energy to generate electricity to keep warm… 09/10/2024 3:21 PM James_Bond Before I forget, be informed that Israel gonna revenge strikes on oil refineries, nuclear plants or military bases in Iran… Watchout! 09/10/2024 3:26 PM Six6thsense This flower such a pressure slow cooker. Pressure 99 and cook slow slow 11/10/2024 9:16 AM Six6thsense Pressure and temperature valve controller works well at desired parameter 11/10/2024 9:22 AM James_Bond Milton Hurricane brought with it winds over 100mph hitting Florida, US… offshore petroleum and natural gas production would be affected… be prepared for Brent oil hitting above USD 80 and beyond! Haha! https://www.bbc.com/news/articles/c4gdxy4d5vno.amp 11/10/2024 12:05 PM STFUrr88 Announcement is made. Basically 600 million of final payment for the Brunei asset. Which will generate about 150 mill for the next 15 years assuming the JV last till 2039. Now it's obvious why hibiscus is so confident of it's balance sheet 14/10/2024 7:27 PM STFUrr88 Basically the sentiment is very poor for oil. There won't be tremendous profit for hibiscus. But it's a growing company and there's no doubt about it 15/10/2024 9:17 AM witan Netanyahu tells U.S. that Israel will strike Iranian military, not nuclear or oil, targets, officials say Is this why oil price drop? 15/10/2024 9:37 AM EliteYY69 Definitely one of the reason the brent oil drop. And the shorties are shorting the brent very aggresive too 15/10/2024 9:58 AM wattsy Now their new cash cow is in play (and it's gas and not oil) would be good to see their share buyback intensify. We won't see the full impact of the new acquisition until Feb 25 with the results for Q4 24. With the new acquisition adding another US$40 Million PAT to their bottom lines it's becoming more and more compelling. This coupled with the geopolitical risk just have to wait for it to play out and take off. 15/10/2024 12:54 PM mf Crude Oil WTI Nov 24 71.22 72.12 70.75 -2.61 -3.54% 02:57:51 Copper Dec 24 4.3505 4.4115 4.3432 -0.0532 -1.21% 02:57:49 Brent Oil Dec 24 74.75 75.70 74.25 -2.71 -3.50% 15/10/2024 2:58 PM Alextan916 May someone aware hibiscus profitability on natural gas? What’s the cost vs selling price? 16/10/2024 5:39 AM mf U.S. crude prices fall more than 4% as Israel is not expected to strike Iran’s oil industry 16/10/2024 8:24 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
