Dayang already largest portion of my portfolio, and up so many days
no daring enough to top up, haha

Thanks for sharing chung, i tempted to sell armada as well but at the end i pull my emergency break because of still can see strong support. Any reason u sell it as it is still generating revenue?

The operator for this stock really something.
Been manipulating since early of 2017.
Always roadblock in front and behind.
Then make it red candle in OG theme day.

So at the end, i just give up and just keep it in freezer only. Check it occasionally just to prevent heart attack

wah, that wall of 1.09 is like great wall of china

I didnt top up after perdana dividend issued, coz the price dropped too fast. and too scare on picking a falling knife

Anyway it will reach there, dont worry.
Tabung haji and KWSP si buying despite the price already up so much. so looks like they are pretty confident as well in dayang.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5660149
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5659473

haha, armada really is the stock that need to bite teeth and hold one.
Anyway, at least it is green today in red market day.
So consider not bad

breaking 90c is like forever for armada, lol

Ganapathy, did they announce what is the current oil production rate on north sabah? Or it is something confidential as it involve petronas?

Thanks for sharing Ganapathy.

The transfer is only for the current production start counting from 2017 1st Jan?

But the asset itself have it been transferred to hibiscus?

Rama, for the he 1st Jan 2017, i believe it refer to this?

"The Proposed Acquisition is in relation to SEA Hibiscus acquiring the Interest and assuming the role of
operator of the PSC and under the JOA, via the Transfer of Operatorship Agreement between SSPC and the
Purchaser (“TOA”). The other 50% participating interest in the PSC and the JOA is held by PCSB. The
responsibilities of the Purchaser as the operator of the PSC and under the JOA are the management of the
operations of :
(i) production of petroleum from 4 existing oil fields, namely St Joseph (“SJ”), South Furious (“SF”), SF30
and Barton (“BT”).
(ii) existing pipeline infrastructure, the Labuan Crude Oil Terminal (“LCOT”), and all other equipment and
assets relating to the PSC.
Subject to completion of the Proposed Acquisition occurring, (a) the risks in, and benefits attributable to, the
Interest passes to the Purchaser on and from 1 January 2017 (“Effective Date”) while (b) the Interest
passes to the Purchaser on completion. Pursuant to (a), the Initial Consideration (as defined in Section 2.3
of this Announcement) will be subject to working capital adjustments."

Rama,

this is something i get from the slides on hibiscus webpage.

"On 22 December 2017, SEA Hibiscus, PETRONAS, the
Sellers and PCSB entered into a novation agreement
for the assignment and transfer of the entire Interest
of the Sellers to SEA Hibiscus effective 31 March
2018"

SHC70, i buy in reach because it is a bit lagging behind hibiscus.

Since it was always discussed and rally with hibiscus before (few months ago, of course not now, time already proved), so i just test water a bit. Anyway really tiny portion, earning now enough to eat kfc only.

By the way, for Sabah EOR, even if hibiscus manage to get it by april, dont think the oil produced in sabah will be so quick to be included into its account this year.

And from technical side, hibiscus need to do some work to improve the production in sabah EOR before really unlock the field's potential. So i would say the revenue will slowly counting in start from end of 2018 or beyond.

Anyway, just my point of view

Maybe april this year. Refering to this
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5643169

Now 1.09, Private placement 0.92. 20% earning straight, for sure lot of financial firm/ shareholder wanna buy it la. So it should be very soon to be completed and announced

Unless is left hand toss to right hand, back and forth.
Only can go that high volume

Then tangan gatal, buy some reach also with my remaing cash in hand.
Lol, regret to the max now

wao, daring move john.
Only able to top up a bit on yesterday at 0.98.
Didnt expect to match, mana tahu suddenly drop then strong rebound. Consider lucky

lol, no joke. Macam nak turn red today.
The private placement really did offset the joy of crude oil price hike.

Okla, can prepare bullet to top up liao

wah, strong selling all of a sudden.

Only 30% of perdana stock in market
How it can become the top 10 active stock in bursa ah?

Just out of curiosity

Interesting read for those who not familiar with oil price.

https://oilprice.com/Energy/Oil-Prices/The-Worlds-Most-Expensive-Oil.html

Malaysia trading with tapis which is more premium than brent or wti because of it low sulphur content.
So once it obtain sabah EOR, the oil is trading on a higher tier of price

wah, really can reach TP 1.2 ah.
So bullish.
No chance to top up, haiz

franklim is talking about WTI which is 63.48USD/bbl.
And reach is operating in middle east, so the oil price is cheaper because of sour.
Not trading with WTI nor brent.
They are trading with middle east sour crude

sapura seems gain back its momentum.
Another race start with hibiscus, lol

wah, another oil themed day.
All OG counter gap up in market opening

Jason *
sorry for my typo

Jadon, it is negative for uncle aunty in the mrkt. Coz share dilution.
But more private placement means sabah eor closer and closer

Wao, the crude oil so bullish. Another long green candle bringing it to 69 usd. Hopefully this will offset the negative sentiment of private placement.
Drop also ok actually time to top up, hhe

EPF always against foreign fund.
Whenever people buy, they sell.
See last few days, keep on dumping only million of shares.

Interesting info from Hibiscus' slides:
http://docs.wixstatic.com/ugd/6a7e03_69fc2f2f7725417881b13f652955164b.pdf

2,576bbl/day as on Q1 2018 (Jul-Sep 17) with 70% uptime.

Item 1 in slides - offshore turnaround (from mid sep- mid oct) leads to lower uptime of platform but half of the down time already recorded in Q4 so expect Q1 about the same

Item 2 in slides - Souring project decrease 171bbl/day
Item 3 in slides - Gas lift installation increase 195bbl/day

So to be conservative, use the same production value as in Q4.
2,576+195-171=2600 bbl/day

2600 bbl/day x 92 days = 239200 bbl

Oil tanker usually unload on Nov 17,
239200 bbl x 61 usd/bbl (a reserved value based on oil price on Nov 17) x 4.19 (USD to MYR) = 61,137,000 myr

Q4 revenue only 57 mil, Q1 will be 61 mil.
And this is just oil and not including other revenue (gas, consultation etc).

Anyway it is just my rough calculation, all sifus may review and get a more details one

Now the heat for OG stock seems cold down, time to look at fundamental liao.
Looking forward for coming QR. With increasing oil price, can imagine how good the QOQ would be

maybe our best friend, epf, hahaha.
See how many they dispose already

EPF everyday selling, wanna up need to overcome all these selling...

Same situation here before, but i keep on topping up before dividend so now in green and keep growing. Perdana up and fayang up, cant complaon more, haha

Finaly pass tp 1.03 that we all look at at very beginning. So m follow dbs tp of 1.4?

Lol, all of a sudden hibiscus leading sapura again and step into rm1 zone

Burdoc,

it is bursa's rule.
STock below Rm1, each increment 0.005.
Above RM1, each increment 0.01

Seeing OG stock up is so exciting like racing,lol
Various stock just keep on cut through each stock to be at higher price.
Sapura is no joke, now leaping forward to become the dai ko back

Mcm contract long been announced bro...

Thanks Chung for your sharing. I guess i should stop talking about OG stock here before tick others' nerve off here. haha.
Anyway, always good to see you in i3 even though you are not that active. But still will always follow your update and have a good year ahead.

Anyway, notion is indeed a undervalue stock but definitely not now unless an improve QR shown.
Congratz for those who catch it at bottom. but now should consolidate a while till a catalyst appear (improving QR etc).
Good luck for all in this bullish 2018. (all thanks to GE)

And dont forget renewable energy, now they are not that active because of oil is cheaper than their development cost. If oil back to 100 usd/bbl then most likely world will shift focus on renewable source

100 usd/bbl is almost impossible. Most likely will consilidate around 70 usd/bbl where a balance achieved between shale oil. If unlesss war iniated then probable la.
Anyway, just my opinion, might not be true

Chung, surprise to see you here, come back to dayang,haha. You are one of the person that i am following with. no point to argie with people thatjust speculate good qr without any reference.
By the way, just curious why u focus highly on og midstream/service provider but not operator (hibiscus/reach)?

hoho, limit up. see can go how high now

aiya, even reach also explode liao.
Hibiscus, what are u doing, lol

Haha, coz not government linked and not GE14 related stock?
No sign of pressing, just basically low in volume.
Like everybody forget hibiscus, haha

1.5c more then can limit up liao

Ya, basically he put a buy call because of strengthening of MYR and also rise in oil price due to the middle east conflicts.

Hibiscus is always good, that's why still holding now. even though always have the urge to press the 'sell' button, haha

good job orlando,haha.
looks like your 2018 luck real good,haha

erkongseng, thanks for the sharing as usual.
Dont think should buy in now, OG stock is way too hot now.
It is time to sell not time to buy.
Maybe some correction then only can start considering

All ONG slow down a bit now after morning.
Armada show now.
Really bite my teeth to hold it that long, finally paid off