Proposed acquisition of 50% participating interests under the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract
Please refer to Part B, Item 17 (i) of this Quarterly Report for further details.

mitchu, teh 13 USD production cost is stated in Hibiscus Quarter result report, check their website, 6 month ago the oil production cost was 20 USD, last 3 month it was brought down to 13 USD..

it is normal for those who bought Hibiscus last week at 0.4 to sell now, this give a chance for new investor to buy at 0.45 since the share is still have greate margin and big potantial to go up to 0.55 as it was two month ago..Oil price is steady and moving up slowly, so Hibiscus..

Ltk88888 stop promoting your stock everywere, this is for Hibiscus..yoru promotion has nothing to do with Hibiscus.. did you bought hibiscus ? as recommended when it was 0.4 ?? now Hibiscus its up alomst 10% in two days..

up up up..
BAGHDAD: Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday.

Compliance with the deal agreed by OPEC and non-OPEC producers at the end of last year to cut supply is "encouraging", Barkindo told an energy conference in Baghdad.

General compliance with supply cuts by the oil producers was 86 percent in January and 94 percent in February, he said.

"The focus is now to rebalance the market," he added.

OPEC ministers will meet in May to decide whether or not to extend the oil supply curbs beyond June.

Barkindo described as "very constructive" meetings he had on Saturday with Prime Minister Haider al-Abadi and other Iraqi leaders in Baghdad.

He saluted Iraq's "flexibility" in the talks that helped bring about an agreement between the Organization of Petroleum Exporting Countries and non-member oil producers.

Iraq is OPEC's second-largest producer, after Saudi Arabia
Read more at http://www.thestar.com.my/business/business-news/2017/04/02/iraq-has-pledged-to-fully-comply-with-oil-cut-deal-opec-chief-says/#5YCiiZI2Bzfvj3Hz.99

oil is up, so Hibiscus, Hibiscus QR is due to be announced in about a month from now for teh periode of January till 31 March 2017, during this periode the avarage oil price was about 53 USD (10 USD more than previous Quarter (oct-Dec 2016), previous quarter Hibiscus net profit was about 10 Milion MYR, Hibiscus oil production in this Quarter is a bit higher than previous one while the production cost (13USD per barrels) remain the same, therefore i expect that this Quarter profit will have to increase by at least 50%, perhaps 15 Milion MYR. Hibiscus share did fall about 28 % during this quarter due to the faling oil price from 57 to 52 USD, however the oil price now is recovering, so i expect that the share price of hibiscus as of today 0.450 will increase back to what it was at 0.550 in teh very short term, perhaps by end of this week as long as the oil price is keep on going up.. so if you have hibiscus share already you may want to HOLD on o it and if you dont have share you may want to BUY as fast as possible.. good luck..

I fully agree with you Kakashi... bet on Fundamental and market sentiment rather than T+3...

remmember Hibiscus is dept free, oil producer of about 4000 barrel a day, cost of oil prodcution is low about 13 USD a barrel, profit margin is very high as long as crude oil brent price above 50 USD, now its trading almost 52.80 USD..good luck on Monday 03 April 2017, you still can buy at this price as I expect Hibiscus will reach 0.525 by next week. Jan, feb & March 2017 avarage crude oil price was about 53 USD, this is more than 12 USD comparing to previous Quarter, We expect this quarter result (income and profit) to be significantly higher, which will push the shar eprice up automatically.. by at least 5 to 7 cent..

ltk88888 you need a glasess to see better..Hibiscus is still moving up..bro..0.45...

brent 52.91 usd, going up no stop, so do Hibiscus..

I am not worry, will move up again,,

why DNex is not moving?

switch to hibiscus.. flying up

how much is now live?

buy and don't worry, the uptrend may continue for a week or two.. target TP is 0.6 and beyound thsi time, as long as good news on oil price as long as hibiscs share will rize slowly slowly..up

SHQuah is jealouse,, did you mange to buy some at cheap rpice as we all were advising..?/

wonderfull.. I have a meeting for two hours..i missed teh action, hope it sustain upward..as oil price is still moving up.. the summer is comming, more oil is required for Transportations,,

it was announced that the decision will have to be made final by no later than 2Q 2017. In my opinion, the best Malaysian Oil Company to run these field is actualy Hibiscus, almost 20 years of experiences in oil exploration, Drilling, and lately oil & Gas Production with proven record of excelent production operation management world wide..who else we have??

The above are based on announcement and Hibiscus qarter reporting documents as availabel at bursa malaysia public sharing,

I do recommend to collect as much as you can, I have been lucky to collect a few shares at 0.41 as I am a long term investor. Hibiscus share value today is realy undervalued, Hibiscus fundamental earning is constantly increasing with the increase in oil price and Hibiscus oil production from Anasuria and West Seahorse Australia..Soon Sabah aquisition will be anounced final, hope Petronas and Hibiscus Joint effort is succesful. Hibiscus can increase teh production to 10000 barrel a day, almost doubling its income.

oil demaand in USA is picking up very fast, Shale production will not be enough to supply or oversupply..OPEC win this time, oil price will go up back to 55 USD by April 17.

oil is on the way up, OPEC will extend the cut by 6 month, according to Kuwait oil minister,
https://www.bloomberg.com/news/articles/2017-03-30/oil-holds-gain-as-easing-u-s-fuel-supplies-counter-crude-output

look like Hibiscus will open 0.420 or above

Hibiscus production in North Sea and Australia is continuously improving, production cost also is decreasing to 13 USD per barrel, production of about 4000 barrels a day with potantial to increase to 10000 barrels a day, as long as teh oil price is above 50 USD, Hibiscus is a very profitable Company. it look like today teh share will move up again, buy if you can and hold if you have Hibiscus. good luck for all

can someone tell me is the share can move up or down without trading (sell and buy) ???

I guess the reason why the share is hardly moving is due to the small volume of trading and the reason why there is a small volume is simply because most of Hibiscus shares are now collected by big operators, so there is limited shares to be bought in big quantities. Those big operators already average at 0.395 to 0.410, so they are not willing to buy more or to sell at this low level. The only think is required is to post additional listing and at same time to have a good and positive announcement from Hibiscus together with a high oil price....then bingooo.. moost of share holders today are HOLDING..

oil price keep on moving up. 52.54 USD

as long as the share continue rizing bit by bit , cent by cent, is good for me..

today, every body talking about the oil market...

Oil cut likely to be extended, see new news :
https://www.oilandgaspeople.com/news/13816/major-oil-traders-see-high-likelihood-of-output-cuts-being-extended/

Hot news, comming out regarding lack of oil supply,, this news may lead to further increase of oil price globaly.

https://www.bloomberg.com/news/articles/2017-03-29/oil-traders-warn-supply-crunch-looming-as-project-spending-drops

yes yipipang, issuing done, and it was sold in three days as showende in teh high volume traded at that time, Hibiscus was Top active for about 4 weeks in a raw, hot hot hot,,

Yipipang, this is realy outdated news man,, actualy when it issued the share price went up to 0.405, check teh chart on bursa malaysia..

is it mid April ? or later

B4B4, welcome back, can you advise when the next QR will be available?

Soon, Saudi Aramco will have to declare the volume of its oil reserve in order to get listed on the main market IPO, we shall see if the reserve is less than what was expected, than the oil price will shoot up very high, same for China oil reserve and other Contry, no matter Shall oil increase production in teh USA they cannot influwence the oil price as muctch as these data. Also tomorrow is the API inventory report, i guess it will show that the USA reserve may fall as well...

crude brent 51.84..

i think most of the operator are busy with other stocks now, soon they will notice that they may miss theree chance with Hibiscus and they will come back, not to forget that Hiiscus stood for about one and a half month as Top active..good time.

i agree with you anson8222, the time is right to move up.

in less than two days teh oil price is up by 1 USD , this is great news..

Libyian oil production is on HOLD due to the recent defect in the pipe line and the continious unrest in Libia political status, there is about 200000 barrels will not reach the global market, and i guess this is why teh oil price immidiatly is picking up, suprisently teh WTi price is also moving up as fast as teh crude brent.. look like we are heading toward a long lasting oil price uptrend unlike the last 20 days of stable oil price betwen 50 and 52.. so chears for Hibiscus share holder, hope this will bring some movement in Hibiscus share in the comming days.

oil price is up, hibiscus should go up..

somehow i feel like there is somebody is trying to freez Hibiscus share at 0.4 range for whatever reoson, this must stop now, this is illigale and will be reported to Bursa Malaysia. Those operator who is pushing teh share price downword to collect as cheap as possible, if they are doing so by unlowfull means they will be cought and brought to justice.. be warn..now let teh market determine the real share price without interfeering..free market or else!!!

to mea slow rise in Hibiscus share is enough, 1 or 2 cent a day will be greate..

yeh, oil is up if continue till tomorrow, then Hibiscus will close the Quarter Jan-March 2017 with an oil price avargae at about 53 USD, this is about 10 USD more per barrel comparing to previous quarter Oct-Dec 2016.. this quarter will be a very good quarter for Hibiscus. all our hope that Hibiscus share and share holder will be rewarded.

I think this will happen again i hope sooner..0.405 to 0.555...

If you look back to Hibiscus Chart between Nov and December 2016, you will see a similar behaviour, this is when Hibiscus moved up from 0.295 to 0.450 straight up..

Non of Hibiscus main share holder had disposed it share since more than 6 month now, go and check the bursa malaysia announcement.., Hibiscus share value remain resilient since 20 dyas now.

the above is for JAXCO

what do you benefit with this warning??