clp72, this is why you need an arbetrary to solve it..

it's gonna be Today..

EPF is buying (Aquiring = means Buying)...haha,,

Hibiscus sell his oil in bulks and while he produce he store the oil in his FPSO waiting for best sell price, so even if the oil price is not stable and hovering between 52 and 55 USD , Hibiscus is capable to sell when oil at 55 and hold when oil is at lower price,,, Hibiscus produce about 3500 barrels a day and have storage capacity of about 90 days...pending of offtake tanker frequencies and good management he can optain the best price for his oil unlike other oil producers....Today Hibiscus should do well, Oil price touch 56.18 USD.. this is 11 dolars more comparing to 3 month ago...

oil now 55.32 USD..so bull...

300,000 barrels at 55.19*4.2= 69Milion ringgit revenue.. net profit at least 52.5 milion ringgit (in one QR)

disapointing day, hope tomorrow better day..oil keep on uptrend, now 55.19 USD..

last 15 minutes ANZo become so active,,,

The latest announcement was also a positive announcement for hibiscus..so GHL will have to be compensated...lets hope I am right..

HIBISCUS PETROLEUM BERHAD

Type Announcement
Subject OTHERS

Description HIBISCUS PETROLEUM BERHAD ("Hibiscus Petroleum" or "the Company")
Further developments following the Company's clarification and related announcements of 14, 24 and 30 December 2015, 21 and 26 January 2016, 4, 10 and 12 February 2016, 4 and 31 March 2016, 4, 14 and 21 April 2016, 1 June 2016, 1 and 5 July 2016 and 7 and 19 September 2016 and 29 August 2017

Reference is made to the Company’s clarification and related announcements on 14, 24 and 30 December 2015, 21 and 26 January 2016, 4, 10 and 12 February 2016, 4 and 31 March 2016, 4, 14 and 21 April 2016, 1 June 2016, 1 and 5 July 2016 and 7 and 19 September 2016 and 29 August 2017 (“Earlier Announcements”). Terms defined in the Earlier Announcements have the same meaning when used in this announcement.


In relation to the Company’s announcement dated 19 September 2016 (with regard to the stay of the Singapore proceedings at a first instance level) in particular, the Company wishes to inform that following an appeal by GHL, the Singapore High Court has varied the stay order and imposed the following conditions via its judgment which was released yesterday:

(a) If the tiered dispute resolution under the Lime Plc Shareholders Agreement (“SHA”) is not triggered by any of the parties to the SHA within three months from 24 August 2017 (being the date of the judgment) or an arbitration is not commenced within five months from the date of the judgment, the parties shall be at liberty to apply to the court to lift the stay;

(b) The Defendants (being Rex International Holding Limited and Rex International Investments Pte Ltd) are to be bound by the findings of fact made by the putative arbitral tribunal;


(c) The parties shall be at liberty to pursue the above Singapore court proceedings and apply to lift the stay if the putative arbitration is unduly delayed; and


(d) Following the conclusion of the arbitration proceedings, subject to any res judicata issues, the parties are entitled to resume the Singapore court proceedings against the Defendants.

Among others, the Singapore High Court also made the following findings/observations:

(i) It sees nothing wrong with a plaintiff such as GHL bringing claims against multiple defendants in a situation where each of the defendants had participated in the wrongdoing caused to the plaintiff;


(ii) There was no abuse of process on the part of GHL in instituting proceedings in the Singapore court;


(iii) The conditional stay on case management grounds does not deprive GHL of its day in court. GHL has liberty to apply to reinstate and resume its claims against whichever party it deems fit if the conditions imposed by the Singapore High Court are not met.

The Company views the above judgement, and the conditions imposed by the Singapore High Court on the stay order, as a positive development. The judgement can be accessed at http://www.singaporelawwatch.com/slw/judgments.html

prepar for tack off..

and again, ping pong 0.445 to 0.450..and back...

it happen again,, .... we know what you are doing..this is if you are reading the blogg and have time ...

some one dumping 15000 share (RM6,600.00) at 0.445 just to keep the share pressed down, there is still 5 milion share for today to be realized,, (as usual) hope will bring the share up to close at 0.460.. still one hour to go..

oil price for brent has been moving up since Mid June 2017 till today rising from 45.50 USd to 55.16 USD, so this is a clear sign for recovery. This is almost an increase of about 10 USD/bbl..

so were are yesterday operators,,shall be repated today?

@King Musang, yeh got your point to sell sell sell..it is clear that you want to buy cheap,,, no idiote will sell cheap knowing that the oil price is moving up since a month now, the market is recovering very fast and Hibiscus is doing excelent job for the last 6 Quarter and surelly the next quarter as well, so those who are selling are fake sellers just to bring teh share down and create panic, no one will trap in this anymore,, yes i do think that there is some operator are blocking the share, and who know you may be one of them.. i recomend hold or buy more..i support the shar eto move up who does not want that?? only operators and those how want your share cheap..

I think that looking to the oil price during July, aug and sept 2017, Hibiscus next QR report will be excelent, the best ever..

http://www.thestar.com.my/business/business-news/2017/09/14/oil-rises-as-iea-forecast-overshadows-us-crude-build/

North sea oil production cost is very low, read BP announcement. 15 USD/bbl.. Hibiscus oil production cost is even lower now stand at 13.5 USD/bbl.

https://www.oilandgaspeople.com/news/15098/bp-chief-says-north-sea-costs-are-15-per-barrel/

next quarter definetly more revenue and higher net profit...enjoy teh cheap price now, buy as much as you can...hold tight..

so today will touch 0.135 !!

it did touch 55 and beyond.. closed 55.16 USD. this is sign for recovery of oil and gas producers..

Strong buy today..

oil price is keep on moving up now 54.41 USD...

come on operator, let it close 0.125 or 0.135.... what is th epoint of all day long..keeping it strugle between 0.115 and 0.120.. its not fun anymore,, booring.....

MITRA scored two contract on 7 sptember 2017 worth about RM400 milions,,, how come the share price is not moving up? i guess operator are collecting,, soon will have to fly up...

further OPEC cut is possible..
https://www.bloomberg.com/news/articles/2017-09-12/opec-is-said-to-discuss-extending-oil-cuts-by-more-than-3-months

so what is the good news,,, inlight me..

you too itchy ,,like me!!

notice, not too many sellers, you need to bid 0.05 to buy...

if you prefer to wait untill the annoucement, you definitly too late...

some movement ...

Petronas and Shell already gaved their approval two month ago, now it is time to completion of the aquisition which will take a few weeks or perhaps month or two however it should be completed in this calender year and if so, then the revenue shall be part of the next quarter.....

me too, no sale before EOR Sabah aquisition completed and announced.

Dericlock senario.. 3K by 3K unloading..

transactions are not getting through...still 6100 lots...

this senario will lead to share move up very smoothly, betetr buy and collect more if possible.

to early to judge,,,,

0.13 coming soon..

this is great, isn't ? somebody find value in current price level..

you mean 6000 lots. many milions share are waiting to be bought, I am buying now at 0.04 hope to get passed the queu..

Share not yet open? any good news / announcement soon?

today ANZO will close at 0.13

sabah oill production cost as of today is arround RM55/bbl or USD13/bbl. the production rate is two times more, so Hibiscus share with Sabah shoudl be at least multiply by 3 = 0.44*3 = RM1.32. This is just a simple approach.. My TP is RM 1.15 is very achievable..

Just to re-cap the current contract secured by Perisai 101 for Petronas, lets remember the value 47 milion USD...

OTHERS PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") LETTER OF AWARD FOR THE PROVISION OF THE JACK-UP DRILLING RIG "PERISAI PACIFIC 101" ("PP101") FOR PETRONAS CARIGALI SDN BHD (PCSB) EXECUTION OF SUPPLEMENTARY CONTRACT NO. 1 ("SUPPLEMENTARY CONTRACT")

PERISAI PETROLEUM TEKNOLOGI BHD


Type Announcement
Subject OTHERS

Description PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY")
LETTER OF AWARD FOR THE PROVISION OF THE JACK-UP DRILLING RIG "PERISAI PACIFIC 101" ("PP101") FOR PETRONAS CARIGALI SDN BHD (PCSB) EXECUTION OF SUPPLEMENTARY CONTRACT NO. 1 ("SUPPLEMENTARY CONTRACT")




Reference is made to our announcements of 8 May 2014, 12 May 2014, 2 October 2015, 28 July 2016, 29 July 2016 and 23 June 2017 respectively (the “Announcements”) pertaining to the provision of the jack-up drilling rig PP101 for PCSB. Unless defined herein, all italicized and capitalized terms used here shall bear the same meaning as ascribed to the same in the Announcements.

We would like to announce the following additional information as follows:-

(a) The value of the extended contract pertaining to the Supplementary Contract announced to Bursa Malaysia Securities Berhad on 23 June 2017 is approximately USD 47 million.

This announcement is dated 28 June 2017.

This is why its importatnt to keep an eye on teh oil price, hibiscus is an oil producer & exploration company...

Just a quick analysis for the next quarter report:

With today Brent oil price at 54.77 USD and cost of oil production cap at 13 USD a downtime of 85%, Hibiscus is expect to achieve a revenue of at least: 3700x90*0.85*4.2*54.77= RM65,000,000.00 from Anasuria in next QR. The Net profit before tax would be about 49,000,000.00.

With Brent price at 55.77 USD  Revenue goes up to RM66,300,000.00 and Net profit goes up to RM50,800,000.00 ….. (RM1,800,000.00 for every 1 USD increase in oil price).. and this is Anasuria ONLY, imagine Sabah shell come on stream..with additional of 9000 barrels a day!!

today Share price is way undervalued, sooner or later the shar eprice will have to rebound to 0.56 at least in a very short term..

HIBISCUS PETROLEUM BERHAD - PRESS RELEASE

Hibiscus Petroleum Records FY2017 Net Profit After Tax of RM106.1
Million, Sharply Reversing RM60.0 Million Loss in FY2016 As
Revenue Rises More Than Three-Fold

 -FY2017 revenue at record high since listing of RM261.3 million (FY2016: RM81.7 million)
 -Gross profit of RM168.2 million (FY2016: RM40.9 million)
 -Gross profit margin improved to 64.4% (FY2016: 50.1%)
 -Net profit after tax of RM106.1 million (FY2016: RM60.0 million loss)
- EBITDA of RM156.5million (FY2016: RM17.2 million loss)

Kuala Lumpur, 28 August 2017 – 1.30p.m.

almost a 1 year.. let's see as you wish.

oil is up now 54.61 USD..