Posted by Citrahati > Nov 2, 2020 10:34 AM | Report Abuse

Never give money to semi academicians - semi businessman

Posted by apanama > Nov 2, 2020 11:41 AM | Report Abuse

see you at 32sen

Posted by micsoh > Nov 2, 2020 12:11 PM | Report Abuse

Sell volumn not high.

Posted by Citrahati > Nov 2, 2020 1:06 PM | Report Abuse

Maybe they secured some great investment in return of greater control of the company

Posted by Citrahati > Nov 2, 2020 1:07 PM | Report Abuse

Something like buying 2 b field of 4 bil in value

Posted by Jeffreyteck > Nov 2, 2020 2:41 PM | Report Abuse

Not flower blossom season. Past for the time being.

Posted by micsoh > Nov 2, 2020 2:50 PM | Report Abuse

New add 1000 per day barrel in North Sabah, but price also drop like shit, speechless.

Posted by izoklse > Nov 2, 2020 2:51 PM | Report Abuse

Hibiscus completes new wells at St Joseph site under North Sabah PSC

https://www.theedgemarkets.com/article/hibiscus-completes-new-wells-st-joseph-site-under-north-sabah-psc

KUALA LUMPUR (Nov 2): Oil and gas (O&G) exploration and production (E&P) company Hibiscus Petroleum Bhd said its unit SEA Hibiscus Sdn Bhd had completed the St Joseph Minor Sands Infill and Major Sands Redevelopment Infill Drilling Campaign in September 2020 — under the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract (North Sabah PSC).

In a statement to the local bourse today, the group said the campaign entailed the drilling and completion of four infill oil producers on the St Joseph Jacket-F (SJJT-F) platform.

Through the infill drilling development campaign, SEA Hibiscus has successfully added an instantaneous incremental 2,200 barrels per day of crude oil production as well as approximately four million stock tank barrels of incremental life of field gross reserves, according to Hibiscus Petroleum.

“With the addition of these new infill wells, daily gross production capacity of the North Sabah PSC exceeded 20,000 barrels per day in September 2020, a significant rise above production levels of about 14,000 barrels per day when SEA Hibiscus first assumed operatorship of the North Sabah PSC in 2018,” said Hibiscus Petroleum.

Commenting on the results, SEA Hibiscus chief executive officer (CEO) Pascal Hos said this demonstrated Hibiscus’ strength and capability to add value to the assets.

“This was an extremely fast-track project, which was executed safely and successfully, while having to navigate through personnel and logistics constraints during the various movement control order (MCO) periods this year.

“The North Sabah PSC is a mature asset, with St Joseph operating since 1979, and yet we are pleased to be able to continue to find, execute and realise value accreting opportunities. Hibiscus is hungry to grow, and we are actively searching for opportunities to replicate the successes we have achieved in North Sabah,” he said.

To recap, SEA Hibiscus assumed operatorship of the North Sabah PSC on March 31 2018 as a 50% joint venture (JV) working interest partner with Petronas Carigali Sdn Bhd.

Hibiscus Petroleum said the North Sabah PSC 2 consists of St Joseph, South Furious, SF30 and Barton, four fields located offshore Sabah in Malaysia, which collectively produce for the Labuan Crude Oil Terminal.

At the noon break, shares in Hibiscus Petroleum had fallen two sen or 4.35% to 44 sen, bringing its market value to RM698.82 million. It saw some 2.42 million shares traded.

Posted by BlackWhite > Nov 2, 2020 9:55 PM | Report Abuse

Still high for 35per barrel

Posted by apanama > Nov 3, 2020 6:41 AM | Report Abuse

See you at 35sen

Posted by tkl88 > Nov 3, 2020 6:42 AM | Report Abuse

The Dow and S&P 500 zoom higher as Wall Street predicts Joe Biden will win
By Anneken Tappe, CNN Business

Updated 1942 GMT (0342 HKT) November 2, 2020
https://edition.cnn.com/2020/11/02/investing/dow-stock-market-election/index.html

New York (CNN Business)The Dow and S&P 500 were up on Monday, one day before Election Day, when Wall Street expects Joe Biden will win the presidency and Democrats will retake the Senate and maintain control of the House.

Stocks opened sharply higher before encountering some volatility and paring some gains.
The Dow (INDU) was still up 1.4%, or some 360 points, mid-afternoon. At its high point, the index gained more than 500 points. The broader S&P 500 (SPX) was up 0.9%.
Both benchmarks are retracing some of their losses from last week, when they recorded their worst week since March.
Meanwhile, the Nasdaq Composite (COMP) reversed its earlier gains and fell 0.2% in mid-afternoon trade.
Although stocks typically favor Republican policies, investors are eager for more fiscal stimulus, that will buoy an economy headed south once again as coronavirus cases soar. Investors predict a "blue wave" would lift the chances of a comprehensive stimulus deal getting passed in the winter.

A Biden win would also likely mean less news and headline risk for stocks in the term to come, investors believe.
"If the polls are roughly right, Joe Biden is going to win the election comfortably and we will know that before midnight tomorrow," said Andy Laperriere and Don Schneider at Cornerstone Macro.
Even if the polls are wrong, the evidence is still pointing to a Biden victory, they added. Prediction market PredictIt puts a Biden win at 65%.
"We have been emphasizing that the Senate outcome is important for the trajectory of fiscal policy," said Citi economist Andrew Hollenhorst in a note to clients, even though neither party is likely to get a filibuster-proof majority so bipartisan cooperation could still be needed for the next stimulus bill.
"Under any election scenario we expect a $1.5 trillion plus fiscal package, possibly as early as just post-election," Hollenhorst said.
Congress has been stuck on negotiating a second stimulus deal since the summer. Investors have been waiting for results, getting jumpy at any headlines about the progress. What this really tells us is that markets believe the US economy needs more help getting back on track as the effects of the CARES Act are running out.
So far the economy's improvements have been rather uneven. For example, millions of jobs have been added back since the spring lockdown, but the economy is still down more than 10 million jobs from February.
Millions of Americans still need government benefits to make ends meet, and that's bad news because the US economy relies heavily on consumer spending.
Analysts at Goldman Sachs (GS) expect consumer spending to wane in the coming months because of the Covid-19 resurgence is keeping people at home and any new stimulus package will probably take until 2021 to kick in.
And as if this election and its repercussions weren't enough for investors to think about, the week is also filled with important economic reports, including the October jobs report.
On Monday, the Institute for Supply Management reported that America's factories did better than economists had predicted in October. The sector's purchasing managers' index rose to 59.3 points from 55.4 points in September, its highest level since September 2018. Any value over 50 denotes an growth in the sector.

Posted by hendrycheah > Nov 3, 2020 10:31 AM | Report Abuse

Anyone attended the AGM? Has the CRPS approve and when do we know the result whether it has fully subscribe or no?

Posted by ctw101 > Nov 3, 2020 11:33 AM | Report Abuse

EGM passed. CRPS would be issued when HIb identified the necessaary

Posted by ctw101 > Nov 3, 2020 11:34 AM | Report Abuse

in progressive.. issuance not one off

Posted by hendrycheah > Nov 3, 2020 3:25 PM | Report Abuse

Thanks @ctw101

Posted by Newbn00b > Nov 3, 2020 5:21 PM | Report Abuse

Surely not 1 off. 0.66 is inflated price. Next tench would be around 0.5

Posted by tkl88 > Nov 3, 2020 5:43 PM | Report Abuse

Wow, oil price continue to spike up !
As at 5.42pm,
Nymex at => $38.16 (+1.35) (+3.67 %)
Brent at => $40.20 (+1.23) (+3.16 %)

Huat ah ! Heng ah ! Ong ah !

Posted by Snowthief > Nov 3, 2020 8:46 PM | Report Abuse

Hopefully it can climb back to 0.66 & above before the next AGM. And higher thereafter,

Posted by Flyinghorse > Nov 3, 2020 10:33 PM | Report Abuse

Fly fly fly........

Posted by NPRA1985 > Nov 4, 2020 1:47 AM | Report Abuse

Safe to enter at this price ?

Posted by MichelleNg > Nov 4, 2020 5:45 AM | Report Abuse

Still overvalued?

Posted by linheng > Nov 4, 2020 6:36 AM | Report Abuse

Posted by Newbn00b > Nov 3, 2020 5:21 PM | Report Abuse
Surely not 1 off. 0.66 is inflated price. Next tench would be around 0.5
NO IDEA WHY YOU THINK SO. THE EGM APPROVAL IS FOR ISSUE OF UP TO 2B OF CPRS AT A COVERTION PRICE OF 66 CENTS. THE ISSUE WILL BE PROGRESSIVE IE NOT A SINGLE ISSUE OF 2B 9SUBJECT TO COST OF ASSETS BEING ACQUIRED AND OFF COURSE THE DEMAND). MAIN THING IS WHETHER AT CURRENT SHARE PRICE OF BELOW 50CENTS, WHO WILL BUY CPRS AT 66CENTS CONVERTION.
TO ISSUE AT 50CENT, YOU NEED A FRESH MANDATE (EGM)

Posted by tkl88 > Nov 4, 2020 7:07 AM | Report Abuse

Wow, Dow Jones continue to spike up !
Dow Jones closed at=> 27,480.03 (+554.98) (+2.06%) !

World stocks super bull market is coming !

Posted by KAQ4468 > Nov 4, 2020 10:05 AM | Report Abuse

Pasti mari

Bunga raya kaya raya

Posted by Citrahati > Nov 4, 2020 10:09 AM | Report Abuse

Everyone looking for money during bad times. N suddenly we have another one on the list. Great!!! During bad times ppl need saviours not beggars. The way money was asked, terrible!!!

Posted by Newbn00b > Nov 4, 2020 10:46 AM | Report Abuse

Linheng is dreaming those investors going to subscribe CRPS at conversion rate at 0.66.Grab a seat and popcorn how they play the CRPS game

Posted by tkl88 > Nov 4, 2020 12:32 PM | Report Abuse

Latest US election update !
As at 12.25pm,
Joe Biden already have 209 votes leading Donald Trump's 118 votes by 91 votes,
Joe Biden just need only another 61 votes then will won the US election !

Huat ah ! Heng ah ! Ong ah !

Posted by gill716 > Nov 4, 2020 12:56 PM | Report Abuse

Trump is leading in many states by a mile. He is at the back of the pack but at full throttle catching up.

Posted by micsoh > Nov 4, 2020 3:04 PM | Report Abuse

Hope boss cancel seconds tranche crps if price too low.let those shark die kaw kaw.

Posted by EliteYY69 > Nov 4, 2020 6:31 PM | Report Abuse

if company not push the price back to 0.6, how come got investor willing to subcribe the CRPS

Posted by densim > Nov 5, 2020 9:53 PM | Report Abuse

I would expect a fantastic Qtr ending Sept...

Posted by KAQ4468 > Nov 6, 2020 12:28 AM | Report Abuse

Pasti mari

Beli bunga raya pasti kaya raya

Posted by micsoh > Nov 6, 2020 9:36 AM | Report Abuse

Oil price nowadays just like go though menopause, very emotional.

Posted by AllYouCanBuy > Nov 6, 2020 9:58 AM | Report Abuse

@micsoh You are right. But when it erupts, it rocket shoots!

Posted by AllYouCanBuy > Nov 6, 2020 10:05 AM | Report Abuse

Oil at usd40...
August HIBI 0.75
September HIBI 0.66
October HIBI 0.58
November HIBI 0.47

Unreasonable but big opportunity!!

Posted by micsoh > Nov 6, 2020 10:29 AM | Report Abuse

Still got three or four days to push, let just see how first tranche result.

Posted by micsoh > Nov 6, 2020 11:08 AM | Report Abuse

If u take a look daily, actually the seller not much. Qty dump also not huge.

Posted by AllYouCanBuy > Nov 6, 2020 2:06 PM | Report Abuse

@micsoh There's a difference between speculators and investors. No speculators are interested in O&G at the moment. Solid investors remain.

Posted by hendrycheah > Nov 6, 2020 2:55 PM | Report Abuse

Waiting for the right moment to increase my position.. the world is in a mess now ..trump to challenge election result, cv is record high in US, Most Europe is locking down and political hoo ha happening in our own country...but yet..market rally. I wonder how long do the rally last.

Posted by ronaldong > Nov 7, 2020 4:28 PM | Report Abuse

dead cat bounce. who wanna invest in oil and gas anymore. aramco can fked themselves. renewable energy is the future.

Posted by ronaldong > Nov 7, 2020 4:29 PM | Report Abuse

latest oil price going down the drain

Posted by amet2017 > Nov 7, 2020 4:32 PM | Report Abuse

buy

Posted by Jjkcl > Nov 7, 2020 4:43 PM | Report Abuse

Beli when others takut

Posted by amet2017 > Nov 7, 2020 4:48 PM | Report Abuse

correct lor..when others greed, sell to them lor

Posted by izoklse > Nov 7, 2020 5:54 PM | Report Abuse

Oil price going down because Biden near to victory and oil market reflect negatively with this development because there is a possibility of Biden to get back into agreement with Iran and other nation during Obama era and this will provide additional million of barrel oil into the market which already over supply.

Posted by tkl88 > Nov 8, 2020 2:18 AM | Report Abuse

Superb good news !

Biden Wins Presidency, Ending Four Tumultuous Years Under Trump
https://www.google.com.my/amp/s/www.nytimes.com/2020/11/07/us/politics/biden-election.amp.html

By Jonathan Martin and Alexander Burns
* Nov. 7, 2020
Updated 12:48 p.m. ET

Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.

Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House.
Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century.
The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president.
With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.

Posted by tkl88 > Nov 8, 2020 8:45 AM | Report Abuse

Like that next Monday onwards world stock markets including our KLSE will spike up like mad already !

Huat ah ! Heng ah ! Ong ah !

Posted by Newbn00b > Nov 8, 2020 7:54 PM | Report Abuse

Izoklse is correct. Biden win is bad new for oil price. Let see next week can hold 0.45

Posted by Godofgambler > Nov 8, 2020 8:27 PM | Report Abuse

Biden is good for oil
He will stop all the shale gas activities...
He going to buy crude oil from market.
We will see oil shortage very soon.
He is green energy guy... Not oil and gas guy.

Posted by amet2017 > Nov 8, 2020 8:27 PM | Report Abuse

Buy