Hibiscus rebound by today still possible,,

build up tension betwen US and Russia, US and China, China and Taiwan, China and India..etc..

geopolitical is in favor of high oil price however the market is not reacting positivally as usualy shoudl do, think about North Korea, Qatar, Libya, Nigeria, Venezuela, Brazil, all these contry are major oil producer (except NK) and there production is down (except Nigeria and libya)....

You can clearly see that the US madia lead by Bloomberg are aming at OPEC and Russian oil production and forgetting that the global output of oil is now lower than before while the demand is increasing, the world trade and growth is at high level now, China and USA growth is moving up fast now and that demand oil..

Perisai new contract from Petronas for Perisai 101 drilling MODU is equal to 200 milion malaysian ringgit.

Perisai still have 3 month to get out from PN17, still maintainin is core business means he already know how to get out, in August this year two of his new drilling jack up Perisai 102 & 103 will be ready to be deployed, this is a major income generator for Perisai, also his lawsuit with EZRA shareholder may be settle by then.. future is bright, keep on guys..all the best with your investment. Perisai is and will alwayse be supported by Petronas.. as you can see he just booked a new contract worth 47 milion USD from Petronas..more to come..

Well first he declared the placement and got approval from bursa malaysia at the time the share price with discount was about 0.465.. Once he find a third party for this private placement he will announce again, up to now i do not think that the share been sold yet...

Hibisuc fare share price should be above 0.6 RM in the short term (month to three month), and 1.15 RM in the long term as long as the market sentiment remain as is or perhaps some improvement.

Hibiscus enjoy a dept free..and would liek to maitain this i guess..

it generate cash flow and hope Hibiscus can achieve the 60 milion ringgit from share placement and together with teh available 23 milion cash flow, will have about 100 milion ringgit additional cash flow to support teh aquisition cost of Sabah.. i have previously calculated the required cach for Sabah and it seems in line with this share private placement..

A long story about today oil market,,e


SINGAPORE: Oil prices nudged higher early on Thursday, supported by strong demand in the United States, but analysts cautioned that the outlook was for lower prices due to oversupply.

Brent crude futures, the international benchmark for oil prices, rose 28 cents, or 0.6 percent, to $48.07 per barrel by 0132 GMT (9.32 p.m. ET).

U.S. West Texas Intermediate (WTI) crude futures were at $45.39 per barrel, up 26 cents, or 0.6 percent.

Traders said the gains reflected firm fuel demand in the United States, where data from the American Petroleum Institute (API) late on Wednesday showed that U.S. crude inventories fell by 5.8 million barrels in the week to June 30 to 503.7 million.

However, overall market conditions remain weak.

Crude prices tumbled about 4 percent on Wednesday on rising exports by the Organization of the Petroleum Exporting Countries (OPEC), despite its pledge to hold back production between January this year and March 2018 to prop up prices.

OPEC's oil exports rose for the second month in a row in June, according to Thomson Reuters Oil Research.

OPEC exported 25.92 million barrels per day (bpd) in June, 450,000 bpd above May and 1.9 million bpd more than a year earlier.

Energy research house and brokerage firm Sanford C. Bernstein said it was reducing its average Brent crude oil price forecasts for 2017 and 2018 to $50 per barrel each, down from $60 and $70 previously.

Bernstein said that the reduction was a result of an expected increase in U.S. shale oil output, especially from the Permian field.

"Permian supply pummels our near term estimates," Bernstein said, adding that conventional supply additions would likely exceed or match production declines of mature fields.

Denmark's Saxo Bank said that oil prices could rise toward $55 per barrel in the coming months, but said it expected lower prices toward the end of the year and into 2018.

"The price of Brent crude oil is likely to rally back toward $55 per barrel during the coming months before renewed weakness sets in as the focus turns to 2018 and the potential risk of additional barrels hitting the market if OPEC and Russia fail to extend the production cut deal beyond Q1 2018," Ole Hansen, Head of Commodity Strategy at Saxo Bank, said in a quarterly market outlook. - Reuters










Earlier Report:

Oil price slides as OPEC exports rise, prices end eight days of gains

NEW YORK: Oil prices tumbled about 4 percent on Wednesday, ending their longest string of daily gains in more than five years, as climbing OPEC exports and a stronger dollar spurred selling.

Brent crude futures settled down $1.82, or 3.7 percent, at $47.79 a barrel. Prices had climbed for eight straight sessions to Monday.

U.S. West Texas Intermediate crude fell $1.94, or 4.12 percent, to settle at $45.13 a barrel.

"It's a transition from being overbought for a while," said Tyche Capital Advisors senior research analyst John Macaluso.

"I really don't think it's too much fundamentals driving the move today - seems more like a reversal of the trend. Eventually someone comes out of the market and everyone follows and you have to take profits."

Prices pared losses in post-settlement trade after data from industry group the American Petroleum Institute showed U.S. crude inventories fell 5.8 million barrels in the week to June 30 to 503.7 million barrels, exceeding forecasts for a draw of 2.3 million barrels. The API data, normally released Tuesday, was delayed by the U.S. Fourth of July holiday.

Official data from the U.S. Department of Energy is due on Wednesday at 11:00 a.m. EDT, also delayed a day.

Oil traders hope vacationing motorists heading for the beach in July will help U.S. gasoline demand heat up along with sweltering summer temperatures, helping drain crude inventories.

Oil exports by the Organization of the Petroleum Exporting Countries climbed for a second month in June, Thomson Reuters Oil Research data showed.

OPEC exported 25.92 million barrels per day (bpd) in June, up 450,000 bpd from May and 1.9 million bpd more than a year earlier.

The rise came despite OPEC's vow to rein in production until March 2018 and came on the heels of Reuters' monthly OPEC production survey which found output jumped to a 2017 high last month as Nigeria and Libya continued to pump more. Both OPEC members are exempt from the output cut deal.

Russia, which led other non-OPEC producers to join the deal, would oppose any proposal for deeper cuts at OPEC ministerial meeting later this month, Bloomberg reported, citing four Russian government officials.

Production rate go down in winter period, and move up to 200% in summer period, I expect the production rate for last QR to be more then previous one and teh next QR shoudl also show higher production rate, hibiscus is capable to produce aup to 4500 bbl and day.. from Anasuria filed. at 15 USD cost per barrel..still achieve high margin of profite..

Hibiscus can alwayse wait the best price to sell his oil, as he produce and store in FPSO before selling, he do not have a pipe line production forcing him to sell every day his produced oil. take that into account when you analyse the daily oil price..

these are the bad guys at Bloomberg..they are the number 1 munipulatr of market..

Oil pared losses after an industry group was said to report big declines in U.S. crude and gasoline stockpiles that have remained stubbornly high during this summer driving season.

The day’s news reflected the ongoing debate over whether prices are more reflective of actions undertaken in U.S. shale fields, or by an OPEC-led push to balance the market with production cuts elsewhere.

Futures fell as much as 5.4 percent on Wednesday, as Russia was said to oppose any proposal to deepen the output cuts. Prices recovered somewhat on American Petroleum Institute estimates said to show crude inventories fell by 5.8 million barrels last week and gasoline supplies dropped by 5.7 million. West Texas Intermediate for August delivery settled $1.94 lower.

https://www.bloomberg.com/news/articles/2017-07-05/oil-slows-longest-win-streak-in-2016-as-russia-opposes-more-cuts

Oil pared losses after an industry group was said to report big declines in U.S. crude and gasoline stockpiles that have remained stubbornly high during this summer driving season.

The day’s news reflected the ongoing debate over whether prices are more reflective of actions undertaken in U.S. shale fields, or by an OPEC-led push to balance the market with production cuts elsewhere.

Futures fell as much as 5.4 percent on Wednesday, as Russia was said to oppose any proposal to deepen the output cuts. Prices recovered somewhat on American Petroleum Institute estimates said to show crude inventories fell by 5.8 million barrels last week and gasoline supplies dropped by 5.7 million. West Texas Intermediate for August delivery settled $1.94 lower.

0.20 comming..

time to buy now.

so by now all who bought at 0.38 should have sold by now, new support is 0.415 !!

can somebody buy at 0.18 tomorrow morning, create a panic buy..hahahhah

technical correction perhaps,, with this low volume, 100 share selling at low can drop the share down by 1/2 cent.. Hibiscus fundamental still strong..we need to keep that in mind. try to buy 100 share as we speek now at 0.425 and you wil see the share going up..so easy..

someone is collecting.. show may begin..

Qatar will have difficulty to sell its oil even if they increase output..

ANZO should get UMA by now.

Oil still holding above 49 USD, now 49.57 USD..

fun lah..

Petronas has awarded a 47 milion USD contract to Perisai for its Drilling uinit Periasi 101

how come so many still selling low.. what make them do such think and how many share are still open to be sold at this low price? it has been almost 8 weeks of selling..low, low,low, it should stop. andwhy there is no clarification from ANZO main share holder? some one is collecting, same person or same group..so if thsi true, than one day the share will rise like hell, with no stop even above 0.6...

i would not sell or buy at this stage..stay on HOLD..let the operator suffer more..

those who sell now, are running away with the money..do not care to what will happen to ANZO after that..

ANZO droped 65% comparing to right issue value of 0.2 and it droped 220% in two month after 4 new annoncement of potatial new projects worth 500 to 1.2 bilion ringgit... where the logic here??

Interpol is already watching closly.

the world and beyond, need between 90 and 100 milion barrels of oil a day. a small increase in US shale production or OPEC production will normaly do not impact the oil price on teh long run, only for short term may have some impact.. oil price to my opinion will average at 100 usd in 4 years from now. think on growing population, the need for more cars, land and sea transport.. even with electrical driven cars you stil need a lot of oil to be produced....

will join BETTA68 with his lawsuit against ANZO.. I suggest WBW to start raising clarification from ANZO..

stay away from thsi counter is the best think you can do...ANZO is on the way down hill..

look like operators are left handed, dump, and hartless, we say up it goes down, we say down it goes up (a bit) then down,,

dont buy and dont sell in this case, keep if frozen..

rebound ... now..lets see..

Wednesady in US means Thursday for Malaysia to react....

today is 4 July USA Independent day, i do not expect too much movement in Oil price, brent will remain arround 49.5 USD till thursday..

keep saying this till operators wake up...

Petronas has awarded a 47 milion USD contract to Perisai for its Drilling uinit Periasi 101.

Good to hear that Ankahill. lets hope this time Hibiscus show his real value.

why not today close at 0.45 !

Hibiscus share price today is very atractive and still undervalued. recommend to buy as long as it is below 0.520 RM

Perisai secure a new contract from petronans for 47 milion USD.

oil still above 49 USD..

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

PERISAI PETROLEUM TEKNOLOGI BHD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description PERISAI PETROLEUM TEKNOLOGI BHD ('PERISAI" OR "THE COMPANY")
-MONTHLY ANNOUNCEMENT PURSUANT TO THE PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING
REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Reference is made to our announcements of 12 October 2016, 3 January 2017, 8 February 2017, 24 February 2017, 1 March 2017, 3 April 2017, 2 May 2017 and 1 June 2017 made by the Company in relation to the Company being classified as a PN17 affected listed issuer and the announcements of 1 November 2016 and 1 December 2016 pursuant to the requirements under PN17 (“Announcements”). Unless defined herein, all italicised and capitalised terms used here shall bear the same meaning as ascribed to the same in the Announcements.

Pursuant to Paragraph 4.1(b) of PN17, the Board of Directors of the Company wishes to inform that the Company is in the midst of formulating a Regularisation Plan which will not result in a significant change in the business direction or policy of the Company.

The Company has approximately three months to submit its Regularisation Plan to the relevant authorities for approval. The Company will make the necessary announcement(s) on the Regularisation Plan in accordance with the requirements under the PN17.

This announcement serves as the announcement required under Paragraph 4.1(b) of PN17 and the Monthly Announcement required under 4.1(c) of PN17.

This announcement is dated 3 July 2017.

trying to top up, teh system wont let me in,, what is going on here, Where are the investors,, sleepy?