aramco talk for fun only, who knows when they really wanna IPO.....
When crude price fly to 80, suddenly they dont wanna IPO.
When crude drop like shit to 55, then IPO on 2020...

By the way, the cost as mentioned believed will be split into half which will be shared with petronas.

And, we havent know what plan did hibiscus have for anasuria and marigold&sunflower yet. (Dont think will do anything major for anasuria, and perhaps will only start develop marigold & sunflower in 2020).

So, dont expect to have dividen and at the same time be prepare that hibiscus will no longer in net cash condition.

Anyway, from the Hibiscus north sabah reserve report, it actually didnt look so good for me.
As can see the wells in north sabah actually depleting pretty fast (in 10 to 15 years time).
So the upcoming years will be a year to test Hibiscus's technical capability to actually arrest the fall and get more oil (2P or 1/2C oil) from the recent study.

And it will be pretty heavy capex up ahead 142.5mil for Saint Joseph 3 infill well drilling , 3 infill well for SF30 afterwards (didnt mention the exact cost, but believe is roughly the same of 142.5 mil)
So next year capex alone for north sabah will close to 300 mil MYR alone.

And also next few years will most likely to develop south furious will need another capex of 440million USD (around 1.8 billion Myr) and Barton infill drilling of 30million USD (120 m MYR).
So dont expect hibiscus to give any dividend any time soon as it will need to inject its earning to grow.

Wah, uncle KYY is reading our comments....

Hmm, what if Tuesday it still stagnant and the O

U all only see the up part of armada, but didnt see armada was crashed like crazy last year and now only rebound.
Those who bought before it crash still making losses now

lol, i think so too. the best close at 98c, but most likely at 97c.
And many people will jump boat to armada (wao, almost reach 5 million traded)

haha, i believe today/coming week will really test patience of hibiscus holders.
Coz will have to see other O&G stocks rally but hibiscus floating around RM 1.

Well, all the best to those who able to withstand the flushing out.

Hibiscus been always being 'maintained' at a fix price to kill those idss and also short trader. Not the first day saw many people give up on it.
It fly from 40c to 80c in 2016, then 80c to 1.35 in 2017. How many short traders actually earn full from this? Only those who hold long are having 2-3 baggers on hibiscus.

O&G seems like the sector to be focused on this year.
So many famous investors start talking about it now.....

@teoct, hibiscus is focusing to achieve their mission of producing 20,000bbls/day regardless of oil price fluctuation
(where no one can really predict where it goes).

So any increase of oil price is a surplus for them.

@Limbeh, Opex per bbl is something that not stable as it can be affected by total oil production, ops expenses, maintenance expenses etc etc.
So it will go up and down depends on the operation at offshore.
But generally, their Ope per bbl is low and thus they are pretty comfortable at oil price of 50usd and above.

And hibiscus will further drive down the cost as it is more lean compare to shell's structure

By the way, uncle KYY can start telling people that the OPEX per bbl of Nort sabah is as low as 8.15 usd liao

Something worth highlighted from their presentation slides:

(Strongly urge those who bought hibiscus go and read it every month as it give really resourceful details and not every company did this)

1. St Joseph infill drilling (ecpect to complete on Jun 19)
Estimated peak production rate 2,600 bbl/day (gross) and Capex of 142.5 million

Just spend 10 mins to read this, it is not all technical term in it

http://gaffney-cline-focus.com/i-know-what-reserves-are

By the way, generally it tells that hibiscus found that there are more oil than what they expect at beginning.

Newest hibiscus investors' presentation

https://docs.wixstatic.com/ugd/6a7e03_04e6f9ab66f645ba94c357a247f26cf3.pdf

Oo, something worth reading.

Not in particular stock, but in O&G industry due to its cheap price.

https://klse.i3investor.com/blogs/cold_eyed_step_by_step/190267.jsp

wao....coldeye effect, all O&G gap up in morning

Annual report......

@newbie8080, yes OPEC cut start from January.

Reading teoct's article can get 10x more info than comparing to KYY's article where keep on repeating the same point...

he just informing part of the story....
where cost per bbl will be increasing in coming quarters due to several reason below:
1. Maintenance on north sabah which will incur extra cost
2. Lower production on north sabah due to maintenance
3. Coming development on north sabah field will also incur extra cost

I am not trying to talk bad on hibiscus, but telling the "young aka noob" investor part of the story (only the positive side) is not really an ethical way ....But peoples often selectively choose what they wanna hear....

Hibiscus is net cash company for the moment but soon it will borrow money to further develop north sabah.
At least do some study before following kyy or tyyap.... Buy ithout knowing anything is dangerous

hmm, volume is actually not that much after the hard sell from KYY.

looks like no power liao. Can see market sentiment is still aint that great now

@Pussycats, it is to see who is the greater fools. When the music stop, those who hold the ball is the losers.

Uncle aunty lost money coz they hope there's always another fool to receive the ball from them and reluctant to pass the ball/or throw back the ball to the people who pass to them.

We are in coz we know hibiscus, uncle aunty in because it is "flying". Well, hope they learnt the lesson and so do we who currently holding hibiscus.

When u cant identify a sucker in a poker game, then better stand up and leave the table coz u are most likely the sucker himself.

wonder later KYY will tell what is the TP to attract the retailers to take the bait.

By the way, KYY is not stupid also.
After those mistakes he made with HY, jaks and eversendai, he looks pretty well plan this time.

Fully scripted and dont forgot many sifu are here also (TYyap etc etc). And hibiscus is with better fundamental than Jaks, eversendai and business model simpler than HY.

These will make good story to sell to the public. Especially so many other 'sifu" spreading the fire....hmmm......pretty interesting and hibiscus might become topic of the year

Got a feeling where it will fly but dumped very fast also. So who is the one who still hold when the music stop, then who will be the losers. Hopefully not those aunty uncle again

Hibiscus has too many big boys inside and they have been longer time with it than kyy. Lol, i doubt kyy can really win this time also

Worry not up but down tomorrow... See how hy, jaks and eversendai...

Anyway, the rollercoaster for hibiscus will be more extreme now.... Haiz....

Yes la.... If not why otb's portfolio in i3 bet heavy on carimin and hibiscus. And only announce once they accumulate enough

Where i start to see in some forum already. Funny where why they dont post before but only till now.

I think it is almost time where many 'sifu' come out and comment. Hibiscus is undervalued, where i already slowly accumulate and now still cheap and people can buy more and follow.

Well, guess people just get bored with hibiscus amd wany find something that could create topic. OTB is buying carimin too, so enough topic to initiate a hot topic

by the way, i believe all move to carimin now as this is the hype stock for O&G recently

Quiet is good, means most goreng kaki already sell off.
So it give chance to accumulate slowly till they come back after the oil price recover again.

wao....hibiscus been report so many time on their cost per bbl in their QR, presentation slides , annual report etc....
But people dont even bother on reading it and claim hibiscus never report it ah.....

So just wait and continue accumulate slowly if u have confidence in hibiscus.

Just need patience, upcoming quarter report will not be as great as preceeding quarter, guess it wont create a hype for retailers to buy in.

with this kind of market mood, thin tomorrow will continue to be red.
Nowadays, a bit news regardless good or bad will trigger sell down.
No news is good news nowadays

When hibiscus rm 1 and above, everybody rushing to buy. Now hibiscus 88c, everybody rushing to sell. Lol, retailers are funny.

Patient patient, panic will caused deeper panic. Vs is good example, guess tomorrow hibiscus can drop more for us to top up

With only one unloading from north sabah this quarter, i think this quarter might report "losses". Oh man, waiting for cny deep saales again

Ya superpanda, i hope it can even give 70c

From dnex news, anasuria will have no unloading this quarter, so only left north sabah contributing this quarter.

Post removed.Why?

If ken everyday trading, then i wont buy it anymore coz what he cares is only growing his own wealth but not bringing benefits to company.

Will u prefer a ceo that open his trading account and look at it from day till night? Or a ceo that focus to grow the company from day to night?

Why u need to confirm everybody bought it then only u start to buy? When everybody start buying then it would be too late for u to start buying.