Hibiscus operator very active today, oil is steady above 47 USD.

https://www.oilandgaspeople.com/news/14621/renewed-slide-in-oil-price-will-test-us-shale-profits/

Shale oil cannot survive if oil price stay below 50 USD..sooner or later the rigs will need to be profitable to sustain production or else will have to be shut down, this time forever. read article above.

WaW, ANZO director aquired 66000 share price at 0.13 RM, does this means that from now on ANZO share will move up !!

my average same as yours, and i guess many of us have same average arround 0.065 RM. Operator have pushed the share price down to attract new investor i guess. I am not planning to sell any share below 0.20 RM.

For the last 2.5 years there was a lack of investment in new project in oil and gas, this definetly means that old field will run down or even turn out of oil and there will be less new field come on stream and so less oil produce,, so high oil price.... usualy you need 4 years from FEED to First oil this means in 2018 onword there will be less oil field come on stream.. so less production.. even OPEC, shale oil production and Green energy will not be enough ..

Smart to pay only 20% and get two platform worth 2 Bilion ringgit, ...I think Perisai already pay more then that, i think what left is 20% only. he can finance it from the new 47 milion USD contract already boocked. I am an old investor in Perisai, not conuting my share any more.. I am a long term invetor, not worry about teh daily share price, looking for long term vision. I hold and top up more at this level.

So we all agree that there will alwayse be oil production as you cannot replace it all. So When oil become rare commodity like Gold, people are willing to pay more, so price of oil will go up, simply that all other power sources will never be enough to maitain growth with teh ever growing population. there are 1.2 trillion barrel of oil in reserve worth 75 trilion USD, this is an revenu that easy can be made so simply company will not let it go away for free..

if not 4 times more..

Shale producer keep adding rigs even with an WTI price at 42 and 44 USD knowing that the cost of production is about 35 to 38 USD. This means that they either satisfy making only 7 to 9 USD profit for each barrels they produce or they still believed that the oil price will move further up.. So one way or another, if Brent price is settle between 46 & 48 USD, Hibiscus oil production cost at 15 USD, Hibiscus make 3 time more profit for every barrel produce comparing to Shale oil producer as of today.

very durty manupulation by bloomebrg ....

https://www.oilandgaspeople.com/news/14616/opec-delegates-encouraged-by-russian-comments-on-adjusting-oil-cut-deal/

Deeper oil production cut is possible.. according to the Russian. Unlike what Bloomberg was promoting earlier..

collecting !!

operator have the upper hand, who know when they will release tehre hand and let the share float as usual..

31 July 2017, Perisai share may touch 0.20 RM, if the settelment finalized. The new Contract worth 47 Milion USD is sufficient enough to cover all cost and evidence of business as usual for Perisai..

new announcement regarding private placement, almost done deal.

New Sanction on gas & crude oil export from Iran and perhaps Qatar too pushed/backed by the Saudi part of a draft deal between US and Russia over Syria and Ukraine. Will see this week ..how this story develop.

According to current estimates, 81.5% of the world's proven crude oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 65.5% of the OPEC total.

OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry, realizing intensive explorations and enhanced recoveries. As a result, OPEC's proven oil reserves currently stand at 1,216.78 billion barrels.

For more information:

OPEC Annual Statistical Bulletin 2017

Do you realy think that Shale oil can make a different in the long run..

Perisai already reach agreement to for hand over both PP102 & PP103, all settel i guess.

The first good thing about oil production company is that every quarter they are secured with a fixed revenue unlike other company that they may or may not get new contract.. the second thing is that if the oil price is not favorable they can always try either to produce more or to reduce the production cost. I am not worry about the oil price market of today. Some other trader, investor may disagree but i do have confidence enough to keep investing in it as long as fundamental are still intact. hope Hibiscus share recover soon.

https://www.wsj.com/articles/opec-considers-production-caps-for-libya-nigeria-1499427030

https://www.wsj.com/articles/opec-considers-production-caps-for-libya-nigeria-1499427030

Brent price : 47.13 USD +0.42 +0.90% Sep 2017 10:59 PM

about 6 milion share posted to be bough at 0.045, however no one want to sell at thsi price..operator challenge..haha..

think big,,, no drop , no profite for bursa malasyisa...panic creat selling..profit for bursa malaysia increase..increas transaction, profite for banks.. manupulation is the art of the game.. betetr hold, do nothing..

Thanks to MATERUS posting on Perisai blog..

Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.

By GENE EPSTEIN
July 8, 2017 1:15 a.m. ET
The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. That forecast would have been aggressively bearish as recently as three years ago, but with West Texas Intermediate trading last week at $44, $60 would mean a price jump of 35%.

Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. In his view, traders have had difficulty interpreting the effect on...

Oil Rebounds from Biggest Slump in Four Weeks on Stockpile Drop

Published in Oil Industry News on Friday, 7 July 2017

Graphic for News Item: Oil Rebounds from Biggest Slump in Four Weeks on Stockpile Drop

Oil rebounded from the biggest daily loss in four weeks as industry data showed U.S. crude and gasoline stockpiles declined.

Futures climbed as much as 1.7% in New York, paring Wednesday’s 4.1% loss. Crude and gasoline inventories both dropped by more than by 5.5 MMbbl last week, the American Petroleum Institute was said to report. Government data Thursday is also forecast to show supplies fell.

Oil remains in a bear market amid concerns that rising supply from Libya to the U.S. will counter production cuts from the Organization of Petroleum Exporting Countries and its partners including Russia. American crude stockpiles are more than 100 MMbbl above the five-year average.


“The bullish news is the weekly oil stocks data from the API,” said Michael Poulsen, an analyst at Global Risk Management Ltd. “Now the weekly oil inventory report from the EIA will be followed closely for confirmation or deviation.”

West Texas Intermediate for August delivery advanced as much as 77 cents to $45.90/bbl on the New York Mercantile Exchange, and was at $45.70 as of 10:40 a.m. London time. Total volume traded was about 21% above the 100-day average. The contract lost $1.94 to close at $45.13 on Wednesday, snapping the longest run of gains this year.

Brent for September settlement climbed as much as 78 cents, or 1.6%, to $48.57/bbl on the London-based ICE Futures Europe exchange, after dropping 3.7% on Wednesday. The global benchmark crude traded at a premium of $2.44 to September WTI.


U.S. crude stockpiles dropped by 5.8 MMbbl last week, the API said, according to people familiar with the data. An Energy Information Administration report Thursday is forecast to show inventories shrank by 2 MMbbl, according to a Bloomberg survey.

Source: www.worldoil.com

OPEC called Libia and Nigeria for a meeting on 24 july to discuss the oil production cut..OPEC will do what it take....

Oil Rebounds from Biggest Slump in Four Weeks on Stockpile Drop

Published in Oil Industry News on Friday, 7 July 2017

Graphic for News Item: Oil Rebounds from Biggest Slump in Four Weeks on Stockpile Drop

Oil rebounded from the biggest daily loss in four weeks as industry data showed U.S. crude and gasoline stockpiles declined.

Futures climbed as much as 1.7% in New York, paring Wednesday’s 4.1% loss. Crude and gasoline inventories both dropped by more than by 5.5 MMbbl last week, the American Petroleum Institute was said to report. Government data Thursday is also forecast to show supplies fell.

Oil remains in a bear market amid concerns that rising supply from Libya to the U.S. will counter production cuts from the Organization of Petroleum Exporting Countries and its partners including Russia. American crude stockpiles are more than 100 MMbbl above the five-year average.


“The bullish news is the weekly oil stocks data from the API,” said Michael Poulsen, an analyst at Global Risk Management Ltd. “Now the weekly oil inventory report from the EIA will be followed closely for confirmation or deviation.”

West Texas Intermediate for August delivery advanced as much as 77 cents to $45.90/bbl on the New York Mercantile Exchange, and was at $45.70 as of 10:40 a.m. London time. Total volume traded was about 21% above the 100-day average. The contract lost $1.94 to close at $45.13 on Wednesday, snapping the longest run of gains this year.

Brent for September settlement climbed as much as 78 cents, or 1.6%, to $48.57/bbl on the London-based ICE Futures Europe exchange, after dropping 3.7% on Wednesday. The global benchmark crude traded at a premium of $2.44 to September WTI.


U.S. crude stockpiles dropped by 5.8 MMbbl last week, the API said, according to people familiar with the data. An Energy Information Administration report Thursday is forecast to show inventories shrank by 2 MMbbl, according to a Bloomberg survey.

Source: www.worldoil.com

so sad, that 90000 share (36KRM) can bring down the share price by 1 cent so easaly while in some other cases 200 milion share volume would not add 1 cents... Hibiscus fundamental has not changed, in contrary it is improved comparing to 1 year ago..oil now is in uptrend.. better to hold for now.or top up.

something bruwing in Qatar too,, big sanction is in the preperation that may not find positive reaction from US..and GCC.. big conflic is comming ..oil is in the center of it..

Forget to mention Qatar..sanction and USA reaction to it..

The oil trader market manipulator will not stop until OPEC intervene again and deeper the production cut by another 800000 barrels. this may happen very soon, when needed. War in Libya may restart again, there is a build up in North Mali to kick out the Tawarek militia and these militia will be driven further north to Libia and in Libia there is this general called himself Haftar (ex-Gaddafi) is planning to take over Tripoli Government which is backed by UN and EU. if this happen, he will target the oil export terminal pipe line, again, stopping 1milion barrels of production a day,, oil price will jump by 3 to 4 dollars in less than 3 days.. the above is a scenario, we do not wish to happen but it is possible.

Another scenario, it look like Trump in a way or another is helping the Russian. All his decision lead to more benefit to Russia. I have nothing against both of them, but he recently announce that he will drop down the strategic oil storage in the US to half, this mean 300 million barrels to be sold in 2 to 3 years time to cover his economic plan cost. No one dare to touch this strategic oil storage before because it used for natural disaster which happen more frequently every year in the US shutting down oil production in the Gulf of Mexico and elsewhere, for weeks every year,, imagine this happening and there is not enough oil on the market?? He Hurricane season is coming.. The Russian strategic storage is even now 3 times more than US.

Think about North Korea scenario of potential treat which will lead all country to start buying oil for storage just in case..

The oil trader market manipulator will not stop until OPEC intervene again and deeper the production cut by another 800000 barrels. this may happen very soon, when needed. War in Libya may restart again, there is a build up in North Mali to kick out the Tawarek militia and these militia will be driven further north to Libia and in Libia there is this general called himself Haftar (ex-Gaddafi) is planning to take over Tripoli Government which is backed by UN and EU. if this happen, he will target the oil export terminal pipe line, again, stopping 1milion barrels of production a day,, oil price will jump by 3 to 4 dollars in less than 3 days.. the above is a scenario, we do not wish to happen but it is possible.

Another scenario, it look like Trump in a way or another is helping the Russian. All his decision lead to more benefit to Russia. I have nothing against both of them, but he recently announce that he will drop down the strategic oil storage in the US to half, this mean 300 million barrels to be sold in 2 to 3 years time to cover his economic plan cost. No one dare to touch this strategic oil storage before because it used for natural disaster which happen more frequently every year in the US shutting down oil production in the Gulf of Mexico and elsewhere, for weeks every year,, imagine this happening and there is not enough oil on the market?? He Hurricane season is coming.. The Russian strategic storage is even now 3 times more than US.

Think about North Korea scenario of potential treat which will lead all country to start buying oil for storage just in case..

well now is time to buy or top up, who know next week how things move, market is still unpredictable for day to day measurement, however for long term month to month or quarter to quarter, look positive to me.

soone the operator will not have sufficient share to buy, will be bough by other, he must act fast or too late even for TH.

In the mean time, Hibiscus production and storage keep pumping, waiting for best market price to sell..nothing to worry about daily oil price fluctuation..

WTI stockpile draw has increased, for teh last 6 weeks, about 25 milion barrels decreased from US stock piles.. Market munipulator sooner or later will get a big hit and find themself in a deep throuble and high lost,, banks and lenders will stop this money drain.. oil will rebound faster than anyone can catch.. i have predicted the oil rebound in July to August, buy september oil brent at 60 USD.

at this low 0.045 enough to buy all outstanding share and become major share holder..hahah

panic sell..

so someone is watching our blog and trying to scare, finaly he will be scare himself,, top up already.

We may be get supprized today, based on the latest announcement, this may incourage more investor to buy in teh share.. I have read the announcement, this explain why they are placing the private placement and it look good plan to me.

@Fortune888 , I fully agree with you, I am holding till 0.20 c.. we may win some but they will loos alot if they keep the share forever low..

any show today? other than picking on each other??

@JJchan- I fully agree with your statment regarding the oil price manupulation..lets hope it recover fully tonight.

show at 15:30 PM !!

all news regarding oil is out now, so today and tomorrow oil will continue uptrend, i expect Hibiscus to follow too.

buy before too late..

not many will sell perisai share at 0.05, if you want to buy today you need to increas to 0.055 or above..

tomorrow 0.45 is also possible..