Wow! Good for you. Happy to hear you made money 5Element. Is your insider in the company or a stock broking house. And you say there is only 1 man doing all this price movement? Amazing.
09/03/2013 13:30

5Elelement - your point noted and at the stage yes, anything possible. However, if you note, the volume of trade had shrunk significantly. That means not much selling pressure. My read is if drilling in May or June, the counter will be heading upwards before that in anticapation, possibly in a month or 2 before and that leave us very little time for downside risk. I think upside potential overweighs the downside risk as now time is of essence.

Because couple of months ago, they announce they were looking at expanding the technology usage and recently they announce they bought another shelf company. Last time they bought a shelf company, they strike a deal in Australia.
04/03/2013 07:13

Because couple of moths ago, they announce the we're looking at expanding the technology usage and recently they announce the bought another shelf company. Last time they bought a shelf company, they strike a deal in Australia.

I heard something nice brewing and expect announcements soon..also now already March and In 2-3 moths time drilling to start - so some exciting times ahead

IPO 75 cents. They copy Hibiscus. Big question is whether they can have PROPIETARY technology like what Hibiscus had. I doubt that as I have met some of the guys trying to Start up CLIQ.

My feel is this year will be the year for HIBISCUS. They have geared up and now is activation of all the announcements.

There was an announcement yesterday. They bought a shelf company. Meaning, they will announce something big soon.

Hibiscus unit prequalified by Norway
The key is iHibiscus Petroleum Bhd, through its subsidiary Lime Petroleum Norway AS (Lime Norway), can now OPERATE as an oil and gas player in Norway. Believe this will happen after drilling in OMAN. So, they have many exciting opportunities in the coming months. I doubt you will see the current price soon. I will start moving up....

Hibiscus unit prequalified by Norway
Hibiscus Petroleum Bhd, through its subsidiary Lime Petroleum Norway AS (Lime Norway), has been prequalified by the Norwegian Ministry of Petroleum and Energy to operate as an oil and gas player in Norway. Lime Norway can now directly assume participating interests in partner-operated licences in the Norwegian Continental Shelf (NCS), it told Bursa Malaysia yesterday. Lime, which is owned by Hibiscus Petroleum, Schroder and Co Banque SA and Rex Oil and Gas Ltd, has inked an agreement to acquire 50 per cent of North Energy ASA’s interests in NCS concessions, it said.(Source: Business Times)

Littleshark - By virtue of you holding Hibiscus shares, you are indirectly already holding Hibiscus JV shares.

Hibiscus no longer have to hold long - just couple more months. Once drilling start - it will fly like a rocket. Waiting time almost over since Nov 2011.

No comment as don't know who is behind the counter. Heard they plan to RM500million. The share spread will be too big

Believe volume low as very little float in the market and the investor are waiting for the drilling to start.

Yes littleshark. Drilling in Middle East is planned for May or June this year. Worth the couple of months wait

How you know bro Azam87? What announcement?

5Element - You sell, I buy. The MD of the company started Sapura Oil and Gas. Now you see where Sapura is. Also, go and see their annoucements. Drilling is only end of 1Q or beginning 2nd Q. So, worst case is April or May. Anticipated reserves 300 million barrels. Check their website and go through the details of their announcements.Lastly, they have announce they have Oil in Australia about 9 million barrels and this will be drilled early next year. All in all - its a waiting game as so far all their promises have been kept. I am in the Oil and Gas and I know what they are doing. It takes time to get all the approvals to get going but once you have these, there is no turning back. Remember Hibiscus is going to be an OPERATOR of oilfields, like Exxon, Shell, Chevron, Total etc. They are not sevice providers like Dayang, Scomi, Sapura Kencana, KNM etc. You should read more to understand the huge and significant diffference.

Heard movement after CNY. Also drilling for oil in Oman In April

Now become an oil producer....have 9 million barrels of oil...sure fly

Bought into company that has oil. Next step to produce oil. Now become an oil producer!

Owners overseas since last week. Something solid brewing. Heavy collection going on for past 3 days at RM1.20

I think this coming week more good news coming out. Owners overseas since last week in UAE and Australia. Must be concluding another deal.

I think next week will touch 1.50. It will break the 1.30 barrier early next week.

I think more positive news coming. Hibiscus opened company in Australia (announced on April 5). Something brewing there as Australia also have lots of oil reserves...

Better to buy the warrant than the mother...warrant 1.21, mother 2.01...discount now 30 cents...

Announcement out already TODAY....tomorrow can CONVERT the warrant by paying 50 cents..

Announcement out already TODAY....tomorrow can CONVERT the warrant by paying 50 cents..