I guess its easy to break 57 USD/bbls tonight, tomorow we will be looking at that number first think in the morning..Hibiscus must be very happy seeing these oil prices moving up. not long time ago teh brent price stood at 50 USD,, this is now almost 7 usd/bbls up in no time..lets hope the oil price maintain momentum..

i would not even concider to sell my share in Hibsicus at 0.51 RM, Why should I sell, teh market is good now, everything is up and running. There is no set back..

can top up, as long as teh oil price is still above 50 USD, Hibsicus share 0.475 is still cheap to me.

Usually, big trader operator are late to notice the benefit an dthey will jump in one time to collect.. today wednesday 12 April 2017 seems to be the same as last week Wednesday 5 April 2017 in terms of trade volume, last Wednesday, there was late afternoon a jump in Hibiscus buy % arround 15:30 PM.. 15 milion shares were bought in very short time,, perhaps today will be a repetition,, lets wait and see,

Hibiscus produse brent oil at average of 4000 bbls per day and manage to reduce its oill production cost to 13 USD. this is a 56-13 = 43 USD net profit by barrels.. means about a gross profit of 15 Milion USD per QR, not bad at all.. hope Hibiscus aitain its stratigy and good management all away..

Saudi Arabia has agreed to extend the production cut by another 6 month, this could means that teh oil price for Brent will go higher and higher as long as the stock piles is reduced, I guess we will see a brent price in these 6 month periode averaging at 57 or 60 USD !! this is realy a very good news for Hibiscus as it means that he will maintain its profite for a long term, and this will push teh share value per asset a way up.. i would not be surprise if the share shout up to 0.6 by June 2017..(by then the QR annoncement is released and perhaps Sabah Shell is confirmed)

Hibiscus share was 0.56 when oil price reach 57 USD !!

I guess, some are taking profite, which is acceptable as this is what trading is all about, for thsoe who want to enter, this might be your lucky day to collect at this level 0.470 or 0.475.. grab your chance before too late as the EPF may jump any minute to grab it..

Oil brent price still moving up. now 56.41 USD

http://www.thestar.com.my/business/business-news/2017/04/11/opec-figures-show-oil-output-cuts-exceed-pledge-in-march---sources/

thankks general t for yoru support

with Sabah Shell will make more money,,

Sabah Shell can only add value and will not impact Hibiscus if fail, Hibiscus with the current asset he make mony from Anasuria in the North sea enough to maintain a confertable profite..

what i am trying to say: if you have a good news please share and if you have a bad news please also share but be specific not like , run run run.. zzzzzzzzz.zzzzzzz. does't make sence..

just talk about fact no bad and no good, just simply the fact and commen sens.

To all participate on this counter, espasially those who deliberatly post wrong information about Hibiscus without any official backup and use it to scare other share holder and force them to dump their share at cheap price, they will be reported to bursa Malaysia immidiatly, ther blog text will be snipped immidiatly and will be identified and used against them in Court. If you post information on this block you are responsible and you will be hold responsible for any negative impact, you therefor need to give reference to your news or else you should not post it here. Hope this cleare for those who are trying to use pump and dump activity, you will be cought and brought to justice. We know how to find you even if you deleted your statment.. so be warned..

You are alwayse welcome at this blog as long as you support Hibiscus share and share your view, and if you have any warning please provide proof and clear justification. Hope we all understand the importancy of having a good medium to discus all good issues about Hibiscus.

Thanks for your support.

brent oil price now 56.41 USD, waw,, Hibiscus must score good today..

just a few news about the oil market,
https://www.oilandgaspeople.com/news/13936/oil-set-for-longest-gain-this-year-as-biggest-field-halts-production/

brent start to move up again, now above 56 USD (56.04 USD)..

thanks cksam on the QR report annoncement date. and feedback on russian arsenal capability..intresting.. how about China capability..? who they support i guess they wil support Russia.

hold or top up as much as you can..the future of oil and gas companies and in particular hibiscus is excelent.. The API show draw back in USA crude oil stock pile by another 1.5 milion barrels,, Libia biggest oil filed pipe line is shut down, this is about 220000 bbls a day of set back.. oil will continue rizing..so as oil and gas counter..sooner or later.. Hibiscus is expecting to announce the QR report by less than 3 or 4 weeks from now...take that into account, the result will have to be excelent again..perhaps 45% higher than previous quarter.

if people are willing to sell Hibiscus at 0.475, there are luckelly enough people who would like to buy it at this level....sooner or later, thsi level will become teh bottome line..and the only way to move will be upward..

buy volume is double the sell volume..

nothing to worry about.. will move up shortly..after..

profit taking moost likely..

brent still moving up now 56.10 USD.. whish for Hibsicus share to be 0.560 RM..soon i guess..

I agree with you Daniel goh, Hibiscus share should move up more faster, however sooner or later, it can move up faster than we think, this happen before, Hibiscus share is capable to move up by more than 7 cents once the operator wake up a bit from their dream... Hibiscus will definetly announce a 50% increas in Net profit for teh periode between Jan and March 2017 comparing to previous Quarter..perhaps everybopdy is waiting this announcment, in teh mean time the share will move up slowly slowly.. unless a smart operator start to grab his chance earlier..

brent still above 56 USD..

in November 2016, the oil brent price was 46 USD and Hibiscus share was at same level as of now. today teh oil price is moving rocket up already passed 56 USD, you can immagine in teh next fee days how much Hibiscus share can move up, also not to forget that Hibiscus share reached 0.56 RM just a month ago when the oil price was at same level as now,, all and all, buy as much as you can because there is still enough profit margin to gain in hibiscus share..

brent 55.71 USD.. still moving up.. may touch 56USD tonight, if this is teh case, than Hibsicus will open higher again..

tomorrow, sure will go up..

well at least today cleared all those who wanted to cash in and take profit, still hibsicus mantain its level..as mentioned, will close at 0.480 or above..

tomorrow may open even higher 0.490 or 0.495..

today closing at 0.480 or 0.485..

brent shooting up now 55.65 USD.

brent now 55.60 USD..going good..

yeh, oil price still going up now 55.60 USD, if tonight the oil price remain as is or went up, than Hibsicus wull defenitly reach 0.5 RM or more by tomorrow opening bell....

0.475 all cleared, 0.480 - 0.485 next, only a total of 12 milion shares is for sale at 0.480, 0.485, 0.490.. thsi means this afternoon session may lead to share going up further.. especially the oil price is still on uptrend..

allow me to explain why i think that Ezra bankruptcy is a very good news for Perisai. Ezra hold a 23% stake into Perisai shares, thsi means about 1.3 bilion * 0.23 = 300 milion share. with current share price at 0.07 this means a value of 20 Milion ringgit. this is realy nothing to worry about, this means that these share can be bought easaly by Perisai itself if Ezra would like to dispose it. and maybe this is what Perisai is waiting for..or otehr companies is waiting for.. all and all, this make Perisai share very atractive to collect..this is at least my interpretation to teh news.. no wonder that Perisai share is still holding at 0.07 , 0.075..

oil price above 55 USD is a very good start for the quarter April till June 2017, it promiss a sustainable & confertable profit for Hibiscus, this will be the 4 Quarter in a raw of profitable quarter.. at least 4 cents increas of share price every quarter will be enough to reach 0.6 RM by now. So i guess teh current share is still undervalued..

if other company want to take over any otehr company, the share price will shout up very fast, better to grab some before too late..keep holding if you have Perisai share..

oil price is up now, 55.36 USD, good for Perisai.

now 55.36 USD, so its moving up fast..

brent oil price is still up now 55.34 USD, market is good for oil and gas, good for Hibsicus.

lets not forget that perisai asset value is still about 2 Bilion ringgit..

with oil price going up, more project will be started in Malaysia, such as exploration and drilling, Perisai can fullfill these task.. We need Petronas to help Perisai on this..sooner or later, teh Malaysian government will help all Malaysian company dealing with oil and gas..in malaysia.. I am not worry about perisai..

Ezra was no so good to Perisai, i am glad that they are now ou of teh picture, they wil have to sell their stake in Perisai, so that other Malaysia company may buy it, like Petronas, or Even Hibiscus..

https://www.bloomberg.com/news/articles/2017-03-19/ezra-files-for-u-s-bankruptcy-amid-hostile-creditors-faceoff

the issue with Ezra bankruptcy is an old news, see link posted 20 march 2017. this is actualy a good news for Perisai.. the share should go up,

Record demand for oil for China..https://www.oilandgaspeople.com/news/13919/china-to-import-record-amounts-of-west-african-crude/