Lol, this dude is really funny eh. So basically he dont even know that dnes is link to anasuria/hibiscus? Lol

hmm, not sure this sentence from dnex is referring to ping's petroleum aka anasuria or not.
"The Group share in results in an associate company is also improved in tandem with the improving crude oil price in current quarter".

But still the huge drop of revenue on DNEX on energy sector still a concern to me. We are not sure the drop is because of DNEX own oilfield service performing bad, or anasuria is performing bad.

umwog result out and it shows green.(even though partially contributed by one off gain)

OG recovery is slowly on progress now.
Let see what the front line hibiscus who direct benefits by oil price rally will perform this qr.

lol, all of a sudden we have datin and tun comment in the group. hahaha

anyway, let wait and see how and when the qr out

ya, tansri wong is right.
In 2016 was even 31st may. so no actual date actually when will hibiscus release its QR.

Superpanda, he has numerous id that keep being banned by admin. So all are fake id to create useless post in i3

haha, changing name again? What a freak, lol.

Keep on spreading fake news to scare people off, looks like somebody still here swimming around to hunt for cheap sales.

Smart investors of hibiscus, dont throw your ticket cheaply to this type of person.

All fake news here, trying to scare people off

Oil test 80usd again, if hibiscus qr tomorrow is great then should be a great booster on top of 80usd booster

Youkian, some investors know what is upstream and downstream, yes.
But most, i dont think so....
coz u will found so many people always bind sapura and hibiscus together, which both are totally different.
Some will also bind hengyuan and hibiscus together. Also totally different.

Most people will only group all and label them " OG stock" haha

Sappura/ umwog are in upstream business.... Just they are not operator but contractor/service provider. Sapura is partly operator also but on gas..... So refinery is in downstream.... Upstream get oil, midstreqm, support /transfer oil, downstream refine oil....

Hmm, superpanda, to be exact umwog and sapura are contracted driller which get paid by operator (hibicus) to drill oil for them. The oil sold all goes to operator pocket rather than driller

So basically i dont worry the oil price, but more concern on its volume sold. Hopefully this qr they can deliver a good production online time and sell decent amount of oil with good price

Yeeling, yes the price should be higher than previous qr and i expect it is around 65usd as i think they will offload around mid march.
For tye production, i guess u read the wrong part, offload volume increase yes, but oil production actualky down due to the productuon issue and also maintenance on last 2 qr. So the production online time is lower actually.

yeeling, hibiscus offload with oil tanker from anasuria FPSO is once per 3 month.

So oil price up and down between jan to mar will no do any difference, but the oil price on the date where it offload is crtitical (which should be around march).

Oil price is one stuff and the other is the production volume. No matter how high the price is but if no production volume, then it will not be beneficial by the high brent price. So, there's no must/ for sure in term of predicting the QR

market is kind of negative on OG today due to the oil related company reporting bad results. (hengyuan and deleum)
Both of them are way different from hibiscus, where people still unaware of hibiscus (oil explorer) is the only category that enjoy the direct benefits of oil price rally. (we have barakah and reach by the way, but their financial......)

Anyway, just let those who wan quick money sell it for quick profit. And those who know deep enough continue holding and wait for it to bear the fruits.

sorry to be negative, but based on the seller's way of selling.
Guess today cap at below rm1, as it sell so fierce

oo, just realize barakah limit up today.

the pressing down just start, lol.

How to cross, see that seller, once it cross rm1, it dump like no tomorrow to press the price down. Guess the cap today is at rm1

anyway, someone crossing swords at RM1 .
While daughter leap forward silently wile these 2 are fighting.

It depends on what oil price (or when) they based on for the purchase consideration of North Sabah. And on what date they revalue the asset they bought from North Sabah (most likely 31st March?)
But ya, if it really is negative goodwill, then the amount might be huge....

But still it will appear in Q1( coming this week) or Q2 ?

Wao, that road block at 0.99

Ya oozie, they completed it in april and seems too short/quick for them to take the north sabah into account on thier 2018 Q1.

That's why i am asking around on why/where everybody so sure that it will appear in coming Q1 results.

By the way, there's possibility as well if we read from there Q&A below:

Following the successful acquisition of the 50% stake in the 2011 EOR North Sabah PSC, will Hibiscus be recognising the asset’s profit from 2017 as a one-off gain or will Hibiscus only be recognising profits after the completion of the transaction on 31 March 2018?
The expected economic benefit from 1 January 2017 will form part of the purchase consideration. On the date of completion of the North Sabah acquisition, the Group will recognise (a) goodwill, if the fair value of assets acquired is less than the purchase consideration, or (b) negative goodwill, if the fair value is higher than the purchase consideration. In accordance with the relevant accounting standards, goodwill is recognised as an intangible asset in the Balance Sheet, while negative goodwill will be recognised as a one-off gain in the Profit or Loss.

The Group is currently assessing this, and will include the outcome of such assessment in the financial results for the financial quarter ended 31 March 2018.

4 April 2018

Ya, just to block anybody from buying it

Beachboy, i have to admit i am not specialist in stock market and not even better than those bank investment specialist.
So even their TP did not hit all the time, so can imagine my estimation of TP will be even worse than these "specialist".

So in short, i didnt put any TP. Just keep on monitoring, till the point i felt the business no longer good or the growth is limited then will sell.

By the way, really no point to predict the TP now. As nobody really know how the sabah will contribute, so no point trying to build a tower with no fundamental at the bottom.

But still, hibiscus is stock for long, one quarter is too short to see its value. If it dips because of people just care about its eps, then will continue buy in more

So, to fill the tanker on Q1, they will need to have good production up time to fully fill the tanker. I did drop them email asking on this, but what i get is some vast answer. L

Beachboy, hmm, actually hard to tell... If u read their last qr in depth, you will find their inventories drop a lot due to last quartee production disruption, hence they use inventory to fill the gap.

If less than 5% then he no longer need report to bursa, anyway please correct me if i was wrong.
Youkian 2, i dont know actually just kidding only

Shc70, it ceased coz he hold no more than 5% only. So it does not means he dont hold any shares anymore. 5% still alot eh, haha

Ya, volume is dying off even though oil price keep on rallying.
Maybe ZULKEFLI done selling off?
Or everybody is waiting for the next QR out to see how sabah contributes to hibiscus' account.

By the way, are we confirm that north sabah will get into hibiscus' account book this QR?

Haha, so u are being flagged too much till you dont even have idea on naming the new id?
and have to use our name to create that id? we all know who u are la.
Now asking people to run, and stop us from sharing news here. lol

Really BN type of adminstrator, lol

Brent now 79.83, let see can break 80usd tonight or not

hibiscus is always against the odd, lol
when other og up, it down, when other down, it up

It is more like a schedule (So that it is fair for the buyer also, Hibiscus cannot see high oil price then sell, low oil price then dont sell) and they will have to get the oil tanker full every offload to be economic / cost efficient on transportation.

But i guess it is flexible in some point as well (if production disruption happen)

Beachboy, LCOT is not much diff actually, they will store it in storage tank and till certain volume or certain date then there will be truck/ship to offload it.

They have pipeline to transfer crude to LCOT (labuan crude oil terminal).
If not mistaken, offload 10 times per year. (Sorry, i forgot where i read this)

That is hibiscus' strategy to minimize the risk if they miss one anasuria oil offtake, then at least got Sabah to continue contribute for quarter's revenue.

new presentation from hibiscus.

http://docs.wixstatic.com/ugd/6a7e03_44d7e3a7707f4d41b553bd05bc720177.pdf

Beachboy, it depends on when oil tanker offload from the Anasuria FPSO.
The usual date will be mid of may, but since the production disruption last quarter, the oil tanker offload date might delayed till maybe mid of june.
So if the crude oil price can sustain till that, then hibiscus will have a fantastic quarter.
Like previous quarter, brent rally to 70usd, but end up falling before hibiscus's offload and end up selling around 63 USD per barrel

I guess everybody just wanna wait for the qr out and see how hibicus perform before buy or sell it.

Quite rare to see hibiscus not in top active list

haha, only 2 type of person will ask people to keep quiet when we are sharing news on hibiscus.

One is losing money in this stock currently, second not in yet but still waiting for the stock to come down.

wao, crazy...brent almost wanna break 80USD.

ya, petrofac is handling their FPSO.
But from the news, they are selling their own field. And it didnt mention what country nor which segment of their upstream part is selling off.

Plus, nowadays so many FPSO for hibsicus to choose actually. Haha.
Can consider armada if it really happens

https://www.petrofac.com/en-gb/regions/europe/projects/service-operator-for-anasuria/

It is just to recover yesterday portion actually

Wah...nowadays comment also will get related to politic one....
Still holding here though.

Hibiscus... Why always get whacked like that... Daughter still blossoming well.... But mum, haiz

Er....how i behave like BN?
I means it is good to have hibiscus up, just curious why people more crazy on daughter only.
Anyway, congratz to those who trust in hibiscus!

wao, those who still buying daughther at price now.
So confident hibiscus can go to RM1.5?