{10,300,000 barrel of oil x US$25 profit per barrel x RM3.3 x 0566 Shareholding x 10 (PE) } / 1,000,000,000 shares = RM4.80

Assumption:

1. Production 1 year
2. PE = 10 (already very low) - Typical PE 15

If use PE 15 - Price value is RM7.20

What is blue chip typical PE? Anyone?

Now what other question? Fishing tools Oil Productions? What?
Will explain later.

happytrading - you invested long time already ka?

I is good that weak hearted people lose faith in this counter. The management team is very experienced team. They have drilled 2 wells.

We wait for announcement on end of Episode 2 - patiently.

Take a sip of coffee and relax... if it is bad news it will be out already lor.........................and the volume of this counter would have been trading heavy for few days................why never happened ah?

Oman government not stupid wan - and I believe they never rush into putting out announcements wan...rich country can wait wan....only poor country will gloat......


Norway is next lor...........read all Hibiscus announcement CAREFULLY and you will fully understand their gameplan.... they very very CUN planning wan.

Ada ma...................kopi baguuuuuuuuuuuuuuuuuus...hot! hot!

how are you iPlay...............happy or not....hope healthy and happy wor.

Wah! This flower always got excitement wan..................................those want to play contra sure heart attack..................

Morning. Morning. Miss me ka?

Wishing everyone a goooooooooooooooooooooooooood day ahead.

Bang oil - Ini bukan defend. Bila orang attack I personally - I will defend myself.

I dah invest, I tak suruh pun orang beli atau jual. Your choice. Tapi kalau sesiapa cakap pasal saya yang bukan2 , I will balas balik . Especially bahasa kasar tak kena mengena. Saya pasti Bang pun sama..

Rugi ke...pergi lah complain ke tempat yang patut.

Kopi I suka...............forum free..........tak kacau orang pun. Enjoy life.........one life.

Eh ! Oilmanster - itu milo free sample ka...........I know you tadak duit all lost on contra.

Also the only fish running around is in your empty brain............kah! kah! kah! Thanks for making my day!

YABADABADOOOOOOOOOOOOOOOOOOOOO!!!

Eh? Tak malu ka? Cakap pasal NAS/ DJIA....and come to Hibiscus forum.....and then slurp slurp somemore.................come up with something more original lah!!!!!!!!!

Land rig konon! Beli ayam reban pun tadak duit..............yehaaaaaaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhhahahahahahahahahahah!!

KL / PJ manyak tempat wor.....hotel ada, starbak ada, itu ada ini ada..........Malaysia boleh ma.....enjoy lah........

Mana tidur - Minum kopi lah..............sure segar bestnya!

Hey ! Oilmanster - Still awake kah! Nak speculate Hibiscus ka? Jangan! Jangan! nanti burn fingers again...........

Ah! Good morning fellow investors. Once again - DONT BUY OK. DONT SELL OK.

Forum free. I am enjoying the show. Episode 2 belum tamat. Ending macam Harry Porter....suspense.

Wah! Coffee arrive. Hot ! Hot! Eh! Waitress pun Hot! hot!............Oppss ...haram ...haram...

950 000 barrel of Oil produced in OMAN and if the OIL MINISTRY OF OMAN doesn't know what it means by GOOD OIL SAMPLE then oimanster should RULE THE KINGDOM!

Announcement vetted and APPROVED by the OIL Ministry OF OMAN.

OILMANSTER IS THE KING OF OMAN - biggest JOKER in town!

Cakap pasal land rig kon nn...come here at 5 am nak cari.......hey! grow up lah! And stop speculating. Lost underwear already....anything else to lose? kah! kah! kah!

Selamat pagi and good morning.-

Aiyoooooooooooooooooooh............my fan club again cannot sleeeeeeep kah! Alive again ah!! kah! kah! kah! good good! keep it up at 1.00 am also writing about me at 2 am also writing about me... wah I feel like a SUPERSTAR!!!!!!!!!!!!!!!!!! YAHOOOOOOOOOOOOOOOOOOOOOO!!!! keep it up!!!

But just to keep the record straight onli ah..... SKLYTE / OILMANSTER

1. Sleep lah - Night time is for sleeping - why cannot sleep ka...lost money again ah?

2.

You guys should have gone and get degree in 1 on the top universities in the world than can understand business wor.................then don't have to work so hard wan, can take it easy in life in later years once you have made it. Rich already no need to work.. just invest and let your money grow lor.........my investment 75 cents only - warrant oso free - apa takut.. up down - aya...minum kopi lah............mau kecut apa?

3. You speculate you lose your underwear............that is why you keep coming back here...Not satistifed is it? SIAPA MAKAN CILI RASA PEDAR WOR............

4. REX better value............
a) Hibiscus dalam tangan 10.3 million barrels of oil in Austrial. Rex have 10.3 million barrels ga? Show me where? So jangan cakap kosong?
b) Hibiscus got USD10 million capital (free money) injection for 15% stake in Hirex - Rex adakah? Show me.
>>>>>That is why Hibiscus valuation is Higher ---- pegi belajar SRP dulu lah SKLYTE

5. When Hibiscus produce in Australia - share value will be price with PE in factor. What is the reserves now. 10.3 million what is fair PE - 10 or 15...........so what is the value of the company there? So smart do calculation ler............those in the know understand - those who IQ........who know lah.........susah to explain............

6. Speculators yang goyang............I write here for the benefit of investor...........they will win for sure not you guys...........I enjoy belittling you guys. Novices. Talk big! Empty Shells.

7. SKLYTE - What happen to all your distribution, mstyreution, flexibution, contribution whateverbution on hibiscus at 1.7 and 1.8....today already RM2.11 what......why you still here? Envy that you lost opportunity ka? You and oilmanster tyring to speculate cannot ka?

8. This counter you speculate, you know what will happer lor

OILMASNTER - take sleeping pill - and don't con people about your land rig. I know everything about rigs. What a joke..........coming to this forum and rubbishing...........ha! ha! betul2 small boy!

What goes around will come around......................LAW OF THE UNIVERSE.

AND TO THE REST OF THE INVESTORS...............A VERY GOOOOOOOOOD MORNING.

EXCITING FEW DAYS AHEAD.....REX is giving a presentation today in KL..............nak pegi tak.........gua tak mau...........dia orang sudah bagi saya private talk tapi saya tak suka itu Singapore companies....MALAYSIA BOLEH MA!!!!!!!!!!!!!!!!

YAHOOOOOOOOOOOOOOOOOOO!!!

Coffeeee time!

Ha! Ha! Bang kena enjoy selalu....naik turun kena enjoy jugak......

Hello chelseazola - both REX and flower up........so how?

Flowerhorn - everyday my coffee brewing ma................what to do.............I like it that way.....if want to speculate many other counters got but I like safe counters lor........

Flowerhorn..........................power..............kena panggil Power Rangers...........ha! ha!

Episode 2 nearing end..............Jeng! Jeng! Jeng!

Drinking cappuccino.........nice!!!

Hello!!! how? Oil flowing ka?

YABADABADOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!

OK bang. I paham maksud you.

Ha! Ha! Bukan promote - Takada paksaan beli atau jualan. Sekali lagi diumumkan dengan jelas. Tolong jangan beli dan jual atas tulisan saya ya....terima kasih.

Best jugak boleh tulis free sambil minum kopi........

Cun giler tu. Bagus macam tu.......badan kena sihat baru minda boleh piker.

Oii... duitbesar - Welcome abang. how are you. Harap sihat selalu.

Flowerhorn...................wah ada 99 oso kah............ha! ha!

Very soooooooooooooon. I will explain my numbers to the educated.............

Biar Episode 2 end dulu..............belum tamat lagi maa................

Ok lah. Bagi chan ini kali lah.

When you already have oil in Australia 10.3 million barrels - that is your reserves. That is yours to produce. That is guarantee oil production and oil flowing and money in the bank. Waiting for time.

When they produce - money will come in. That is Australia. Now is now ler..........aiyah................

OK ah! I give another hint when you want to price a counter..... why stock market got PE wan? Okok when you graduate from SPAC you still no business but when you value a company OBVIOUSLY you a valuing based on business what...

SOOOOOOOOOOOOOOOO - what is a typicall PE of a CHIP BIRU punya company ah?

some very very intelligent sifu here who stiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiillllllllllllllllllllllllllllll think they sooooooooooooooooo goooooooooooooooood in doing valuation...........kah..kah...kah......

If the right people ask the right questions, I will provide the answers, SO FAR, the wrong people ask lah! THAT IS WHY I KEEP QUIET LAH..................SIAPA MAKAN CILI RASA PEDAS WOR

aiyooooooooooooooooh...................so jangan marah ye - nanti cepat tua.

Aiyoooooooooooooooooh.............why people when cannot answer used all kind of foul language ah...ceh! ceh.............not good wor............

Never mind, soon I convert somemore million warrant lor.........

we see who laugh and who cry lor..............

YEHHHHHHHHHHHHHHHHHHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAA!

Minyak maaf ya Brader - You Pegi mimpi your whatever Apa Nama land rig yang you kelentong you tengah cari sampai nak posting kat sini pulak!!

Aiyah! You ingat kita sini budak Kecik ka? Nak buat business mesti tau mana mau cari barang wor - kelakar wor you .... Saya manyak syok baca your posting sampai tergolek golek atas lantai gelaknya. Ok bye.

Malas pagi2 mau layan banyak sangat.

Coffeeeeeee time. Yahoo oooo!

Yabadabadaduit !!!!!

Tidur lah wahai Sayang.... Nanti mata lebam..kolesterol naik darah tinggi wor!

Not good for health...buat apa risau2 DOW lah, NAS lah HSI lah MOON Lah -

RELAKS BRADER!

Ooooi tidur lah!! Apa takut takut.... You tadak share pun Sibuk2 ka....

Eh! Minum milo pun tak boleh tidor kah? Kah! Kah! Kah!

Jatuh naik itu biasa lah....DONT PLAY CONTRA.

Yeeeeeeeeeehaaaaaaah!!!

Fuyooooooooooooooh!!!

My anti name........................I likkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkeeeeeeeeeeeeeeeee!!! Got De somemore........diflowerpower got more umph lor......

YAHOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!! Nice!!!!! Nice!!

2nd post in 1 minute. Virgin...good good!! Welcome! Welcome... Lets see how long you last.

Ha! Ha!

Coffee! Slurp! Slurp!...

No Oil ka...............I see...I give you 10 cent ok or not...............t.........

YEEEEEEEEEEEEEEEEEEEEHHHHHHHHHHHHHHHHHHHHHHAAAA!!

My place where got haze lah....its very clear...rain oso got.........very nice air.......ah! so gooood for the lungs..........no more pollutions.......

Wah! rollingstone...you got Uncle in Oil Minstry in Oman ka..............joking only ah............no serious wan............

Nice weather for HOT HOT COFFEEE................

YABADABADOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!

Don't fight....not good - innocent people die lor...only the criminals and selfish people gain.............oil price is just a small price to pay............life more important maaaaaaaaaaaaaa..............

Wah!! Very quiet today wor.............I think better fly to Oman and find out what is going on lor...

OSO must go to Ukraine and tell them to stop fight...not good ma! They never listen to MAMA wan..

But first - Must finish my coffee first lor.................

YEEEEEEEEEEEEEEEEEEEEEEHHHHHHHHHHHHHHHHHHAAAAAAAAAAAAAAAAAAAAA!!!

Goooooooooooooooooooood morning...Gooooooooooooooood morning............ Wah! Market today red sea ah.............why ah? Hope people don't play and speculate with their hard earn money..otherwise easy come, more easy go! Win some, lose more.

Okok............so anyone here Sifu can predict ka what's the story for this week? You think got announcement or not? Rig status still same - NO MORE DRILLING LOR...jeng! jeng! jeng!.

I buy coffee (opps gamblingg not -type mah!) they must be waiting for approval from the OMAN OIL MINISTRY AGAIN for approval of press release. That is why suddenly all quiet and change in rig status and suddenly cancel the CRPS - don't want money - give me lah..........I can buy more coffee.

Ah - coffee arrive...hot! hot!!

Results election lor... Ada erection punya... Kah! Lah! Kah!

Evening! Evening! Wah so fast Sunday almost over.....aiyah....nice relaxing day lor. Baru only 3 cups coffee lor.

New bridge open. Anyone go?

Warrant slowly slowly disappear lor. Everyone keep converting ler. Before you know it.... Posh! No more warrants to trade - all converted!!!

Hello hello - Anyone know the people in the oil ministry of Oman ka? Sure then can know when next announcement out lah...last announcement oso they must approve mah!!!

Good luck Oilmanster. Hope you find what you looking for. I don't think you will find it here lar...

Try google search engine better lor since you sooooooooo intelligent lor...

Oilmanster - dah tidur ke belum.....rock a bye baby..............

Aik..............sekejap datang sini nak purchase 3000 HP VFD Land Drilling Rig now to purchase.....tu semua dalam mimpi macam itu movie the great P RAMLEE - Labu Labi ka................

OKOKOK ....while saya enjoy itu very gooooooooooood hotel coffee, I read again Hibiscus financial report 31/12/2013.. go read page 24 ah...don't be lazy you investors...Saturday ma!!!

''''Masirah began drilling its 1st exploration well in Masirah North North #1 (“MNN #1”) on 25 November 2013, which is part of its 2-well drilling programme in the Block 50 Oman concession. The prospect MNN #1 was selected for drilling after in-depth technical evaluation and verification using the proprietary Rex Virtual Drilling technology, in addition to confirmations provided via conventional methodologies. The prospect is located in the northern area of the Block 50 Oman concession which is about 17,000 square kilometres in size.

For safety reason, on 19 December 2013, Masirah suspended its 1st exploration well, MNN #1 for further evaluation. The MNN #1 well was drilled to a total depth of approximately 1,000 metres below mean sea level. Mud losses in two carbonate sections of the well prevented Masirah from reaching its planned target depth. A comprehensive data acquisition, coring and logging programme of the formations that were drilled was completed on 21 December 2013. Data analysis indicated presence of non-co'''mmercial hydrocarbons. Datasets acquired from the coring and logging programmes are being utilized to refine the geological understanding of the area.

On 30 December 2013, Masirah began drilling its 2nd exploration well in GA–South (“GAS #1”), a prospect located in the central area of the Block 50 Oman concession. On 3 February 2014, Masirah announced the successful reach of the well target depth in its 2nd exploration well to its final depth of more than 3,000 metres into the Cambrian formation. Hydrocarbons were discovered in several formations with GOOD OIL sample extracted. The GAS #1 well is currently undergoing testing.

THIS AREA VERY BIG ONE 17,000 SQUARE KILOMETERs...SO if 2nd well already got GOOOOOOOOOOD OIL SAMPLE ..............so HOW AH??

YABADABADOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOHHHH..

Wah...stop here...my coffee getting cold....

For those who don't believe in this flower - why come here and comment ah? I betul 2 garu kepala lah... Pening pening..

I maintain - don't speculate - invest. 2014 still long way to go . Hibiscus baru started drilling in November 2013 so bagi time lah this year for them to shine! Then we talk ok... By then coffee on the house! Please bring your own ladder and coffee too ok Ha!! Ha!

Time reveals the truth ... Not small ripples that speculators jump whhooo haaaaa about - up down is common in any stock even blue chips .... Yesterday close RM2.15. - not good meh?

If you compare the other 2 SPAC in term of speed of progress - you will understand the magnitude if competency if successes and effectiness and effeciency.

Dua2 Pak ikut - tapi sampai sekarang QA pun tak keluar... Hibiscus QA was within 3 months. So which management is spending your money prudently? And who is racing around in sporty cars?

Morning ! Morning!

Oilmanster - don't drink too much. Not got for health you know.

1. Not all days for well testing maaa
2. First must drill up to 3,000 meters lor...
3. Well testing only started after Feb 4.


Wah! US$2,000 very good lor - no need to speculate in the share market.?eh! Forget about this counter lah and go to sleep. You rich already what. Good night! Oppppsss...good morning!

Hopewin - Wah! so gooooooooooooood ah you...............I Like bro..........

I year..........respect!!!!!! What a bit longer no problem ma.

Aiyah.................all signs already there lor

1. Oil found
2. Rig status change
3. Don't want RM185 million cash
4. Nobody throwing

Very low volume -----aiyah...................what else you want.........NO SPECULATION LOR!!!!!!!

Yalor - No choice - have to convert some of my warrant with lose change. Rest keep first

This taiko SKLYTE keep on disturbing me ma..........he genious you know..

Which coffeeeeeeeeeeeeeeeeeeeeee ah.................hot or cold..........

Maybe I go for ICE COLD COFFFFFFFFEEEEEEEEEEEEEEEE NOW!!!

kenrixxx - please ask SKLYTE - he is the real SIFU..he is master speculator...he know when got distribution, flexibution, mistrybution, contribution...........all bution he know lah........

I am sure all announcements oso he sure know wan. he very very clever wan. GENIOUS!!!!

Wah......nice coffee wor........

Eh! Sklyte - Hibiscus you got share or just sibuk-sibuk here...now you claim you oso sold Sona already...............so no more shareholding lor...........still got underwear or not..................ha! ha!

Coffeeeeeeeeeeee!!

YEEEEEEEEEEEEEEEEEEEEEEEHHHHHHHHHHHHHHHHHHHHHHHHAAAAA!!!

You see ah................sooner or later, you will come back.......time will tell...all of you!

This year 2014! we wait ok.

Don't speculate! I will write what I like. Free what! Only paying for coffee ma! That also my investment in this flower will take care of it.

Today doing RM2.15 ka? Why ah? Nice show ah on Friday?

Especially for prc and sklyte......................good show for them lor...................

prc4wifewife -welcome ! after lost underwear in sona now you come back hear ka....I read the forum...wah you wrote it can go to RM3..............fuyoooooooooooooooooooooh! so good ahhh...

Can buy private jet you know..................make own movie somore! Like John Travolta!!