To be fair, and I am not picking any sides here, I also seen others doing the same to him / her. So it was like being in a war zone. Each attacking one another.

Glad it is over and hope it stays that way. Please lets not get emotional and personal. Idea here is lets all make good money.

We should share reliable information and then decide over selves what is good for us.

Maybe FP was right all along. This counter is heading towards higher ground end of year. I also wait for his return...see what he say...minus his slurps.....

prc4wifefe....anyone who come here to provide positive vibes and good news is always welcomed.

Show started already...must be good news on the way soon.

Morning guys - Lets see with t +4 over now how this week will fair. I am pretty confident it will start to turn green soon.

What you mean BloomBloom...what have you heard...mind sharing?

Up down is normal. This is stock market. We expect the price to go up and down and sideways.

What is more important is the near term and long term price. Say 1 month, 3 months or 6 months. Where this price is heading....So far... it is going North. So it is a good sign. 1 year track record is a good sign. I bought because of this track record. Up down is always normal.

T + 4 - well absorbed today. Someone definitely collecting slowly.

Eddie - If I was someone who has no confidence, I will sell now and not wait. Better to sell and get out now.

Personally - I am confident they have strike oil with good quantity as this time around the announcement was signed and endorsed by the Oil Ministry of Oman itself.

Guys - Just browsing and found this to share here with you.....so, if you do strike oil, the quantities could be huge...lets wait and see. Here they are referring to 960,000 barrels per day in Oman...


France's Total Signs Oman Deepwater Drilling Deal

by Reuters|Thursday, December 12, 2013

DUBAI, Dec 12 (Reuters) – Total has signed an exploration and production-sharing agreement for a deepwater block offshore Oman, the French company said on Thursday.

Block 41, which lies off the Omani coast northwest of the capital Muscat, covers almost 24,000 square kilometres of seabed at depths of up to 3,000 metres.

"This acquisition is aligned with Total's ambitious exploration strategy focused on frontier basins and new plays with strong potential," said Arnaud Breuillac, Total's head of exploration for the Middle East.

One of the world's biggest oil and gas producing companies, Total is already involved in challenging deepwater projects off West Africa, in the North Sea and the Gulf of Mexico. It plans to start exploring in the Gulf of Oman next year.

India's Reliance Industries had previously signed agreements to develop the offshore Blocks 41 but has relinquished rights to explore either of them.

Most of Oman's oil production is onshore. But Norwegian oil firm DNO started pumping oil and gas from Oman's first offshore fields, in Block 8 in the relatively shallow waters of the Gulf near the Strait of Hormuz, in 2012.

Omani oil production fell from a peak of around 960,000 barrels per day (bpd) in 2001 to 715,000 bpd in 2007, according to figures from BP, although improved techniques helped buoy output from mature onshore fields and raise 2012 output to 922,000 bpd.

Small non-OPEC oil producer Oman is also trying to boost its onshore gas output to meet booming domestic demand.

(Reporting by Daniel Fineren; editing by David Holmes and Jason Neely)

Copyright 2014 Thomson Reuters. Click for Restrictions.

I just looked at REX - it is up today. Believe positive developments are taking place behind the scene.

Why nobody want to ask management when they will announce the QA? This is an O & G company - they should be moving forward.. anyone have inroads to the management here?

Potential for upswing is intact based on low volume today if testing is positive and the investors are not selling. That is true. We see today...8 days of testing. This week we will know.

This is my observation only..you are welcome to share yours.

Based on today quietness after the weekend, my feel is it is going to be good news. Those who have information would have shared over the weekend and if it was bad, this morning you would have seen selling pressure coupled with T+4. That was what I was interested to monitor.

Believe now is where all the T+4 will be coming out from Tuesday rush. Today is D-day for those who rushed in after the announcement.

Let's see...

Morning Guys. Today is 8 days into testing of oil found. Anyone out these know what is the latest?

Price is holding nicely. Good news?

Sorry guys - I am lost. Siapa cepat, dia dapat?

Hello guys - can you translate in English so we can can also understand. Thank you.

kcyim1970 - In terms of percentage movement of course the warrant as it is a cheaper option. But the caution here is warrant has an early expiry period whereas the mother has not.

However from what I know - and having said that, a SPAC has a life span of 3 years since listing to migrate to main board, i.e. it needs to get a QA, call for a EGM and get shareholder approval within this stipulated timeframe.

If not, it will be delisted and 90% of IPO listed price will be refunded to existing shareholders. You may want to verify this independently also. Thanks

Personally - Sona need to announce the QA soon. Then only we can assess the viability of the QA and discuss during the EGM and shareholders meeting for approval. If anyone have access to the management of Sona, that would be a great start as it would tell us where they are heading now. I don't. Someone who can call and ask what they are planning to do in near future.

The price have been stagnant at this range for some time and I agree if it is a good QA the share price will move quickly but what if nothing happens, then it will stick to this range for some time. We have experience 1 month the share price have been holding at 0.45 to 0.50 range. Very tight.

Everyone keeps mentioning Dr. Ken and Mr. Izzet here. People forgot of this chap. Dr Rabi ... I am copying for everyone benefit.. Interestingly - RELIANCE is one of the largest oil produces in INDIA. So Hibiscus does have the right people at the helm. Zainol is in the Board of PETRONAS CARIGALI as well..

Dr Rabi Narayan Bastia - Non-Independent, Non-Executive Director . I read his resume in amazement... here is a bit of abstract,,, After heading the exploration group of RELIANCE for more
than 16 years, he has currently taken up some very distinguished and challenging international and domestic assignments. He is the global head of exploration in Lime Petroleum Plc, a company incorporated in the Isle of Man which has major operations in the Middle-East and the North Sea.

Dr Rabi was conferred the title of “Padmashree” by the Government of India in 2007, a title awarded by the Government of India to Indian citizens to recognise their distinguished contribution
in various spheres of activity. Dr Rabi was awarded the Leadership and Excellence Award in E&P by Oceantex in 2010, the Infraline Service to Nation Award in Energy Excellence in 2007, the
Ruchi Bharat Gaurav Samman by the state of Orissa, India in 2007, the Gold Medal during the AEG Conference in 2006, the National Mineral Award for significant contribution in the field of
hydrocarbon exploration from the Geological Society of India, Bangalore in 2003 and the Young Scientist Award from the Indian National Science Academy in 1990 for best scientific paper. He has been awarded the Top 100 Educators by IBC, Cambridge, United Kingdom in 2009 and conferred the Who’s Who in the World by American Continental Research in 2008. Dr Rabi
is a director of Synergy Oil & Gas Consultancy Private Limited, a private Indian company. He is also a member of numerous professional institutions such as the American Association of Petroleum Geologists, Society of Exploration Geophysicists, International Geological
Congress, Society of Petroleum Engineers, Society of Geoscientists and Allied Technologist, Indian Geological Congress, Society of Petroleum Geophysicists, Association of Indian
Petroleum Geologists.

I just read the 2012 annual report of Hibiscus - very exciting and interesting. You guys should read. A lots of valuable and informative information in this report. No wonder every month the counter is gradually creeping up. Momentum seems to be on upward trend.

Those who have invested early are the winners for sure.

Thanks Rikki - looks like Australia is tremendous potential. 2015 is indeed an exciting year in Oz land.

Dino - What do you mean by QUALITY OIL? Can you please elaborate? Thanks mate.

Jamesllim - Thanks and may I know why resistance at 2.22? I touched high of 2.33 this wave.

prc4wifefe - What is your feeling of next week?

The pattern today:T+3 weak selling out. Nothing to analyze. Sellers emerge when buyers come out. Monday could be the same as T+4. After that could be different.

Anyone here heard progress of the oil testing. Today is 4 days into testing if we consider REX suspended on Monday?

Meant to say - Don't take things personally -

I always maintain - do take things personally - Satu buat report - Satu lagi takut. Dua2 hilang diri.

4 million volume on Tuesday - D-day of announcement is up today. Interesting to see how it will this thinly traded volume this will be absorbed. Today is T+3. Monday T+4.

Morning Guys - Looks like its a waiting game now. Those who have confidence have either collected or are slowly nibbling and those who don't have cashed out or are doing so. Thinly traded.

IF anyone have access to their management, it would be wise to make a call and find out why taking so long to come up with a QA. By now should have found one. Money is already there.

Any news on QA?

Interesting - Predicting drop against limit down is a huge difference. Few cents drop against 30%. Anyway, I do want to hear what is your prediction of tomorrow though, air01557.

This is E& P company. No business yet. My guess is those who have faith that they have strike oil that will be produced are collecting at these prices, while weak holders are selling. That could be the reason why the volume suddenly shrunk.

Anyone have news on what is the status of the well testing or results?

Ganasai - you said it absolutely right. This is all dependent on how much oil they find (with Well # 2 being the first) and what they do this year in all the other drills. Then only all the fundamentals will come into play.

Huh? What QA they lost this time? I believe they have potential. But taking too long. This is a bit worrisome..

Anyone have any idea of their QA timing? That will be a good entry point.

Valuemaster - My question was quite simple - will you invest now?

But again - you also went personal and keep going back to this flowerpower guy - my guess now you are SKLYTE.

I rest my case. Move on lah guys.........we are here to make money. Lets NOT GET PERSONAL!

Morning guys!

Wow! I woke up to see the barrage of ping pong session. Said good night on a happy note.

Bottom line is whatever said and done - we are here to make money. If Hibiscus is a share where we can gain, lets do it!

This personal attacks had to stop. Period! It doesn't do anybody any good. The price of the share will not change whatever you guys say here. It is dependent on others and what will be revealed later on.

Also - valuemaster - good of you to drop by although you don't own any shares. You plan to buy any as you must been keenly watching this share?

Whether it's OMAN or Norway or Australia - it doesn't matter at the end of the day - the end goal is the same - we are all here to make some serious money. I'll take RM4 from anywhere anytime.

The more you dig deeper, the more you get convinced they got it made this time.

Good night everyone!

Thanks prc4wifefe. Will do.

prc4wifefe - Can you provide link for this presentation? Where can I get my hand on it?

Eddie - Thanks for the article. Interesting. It talks about range. No oil to oil. Now with assumption of oil it states RM5.20. I wonder how they work out these numbers and where they got their basis of US$5 per barrel of oil....hmmm.

Good to know the tide changes frequently back to positive here. I see no reason for sceptiscm as in a matter of couple of weeks we all will know the truth.

I personally don't believe the Omani government will sign and approve announcement that hints favourably of produceable oil. They will lose lot of face especially their Oil Ministry as they are supposed to be the experts in this area. That is why the announcement was so short and concise. Nothing technical. Purely factual.

The only question in my mind remaining is how many barrels? This the the magic question.

Duitbesar - It is purely your money and your call. Don't be influence by others.

This is a free forum. If Flowerpower is a believer of Hibiscus- it is his right. If you are not - it is your right. Nobody can force anybody to do anything different. We are all mature individuals and can make up our minds on what is good for us. No point being negative.

Duitbesar thanks for your advise - I don't rely on others. I do my own research and talk to people and broking houses and search the web. Also I have been reading about REX in their website. They have a good website.

Well one thing for sure, Hibiscus has proven themselves. RM2 is a good entry point. Even without them finding oil it was already RM2. So what better price to go in? When it dropped last time also it recovered back to above RM2.

Anyway - don't get personal and emotional. Buy and sell at your own risk. This forum is to share information. No need to get personal. It is good if we can make money. Being emotional and irrational will not gain you anything.

Personally - I believe if you wait till they actually wait for Hibiscus to officially make the announcement on how much oil was discovered, then it will too late to buy the share. It would have move up. Right now people it is a guestimate game.

I bought purely because I am impressed that they can strike it on well # 2. Although I also have Sona and Cliq. I am now heavily loaded on Hibiscus as they have proven themselves. This is my view and I don't expect others to follow. I am just stating what I am doing ok.

Today good closing despite bloodbath in KLSE. Expect Hibiscus to gradually move up. Congratulations to those who invested and gone long. Kudos to the Management of Hibiscus! Job well done!

Sklyte - I sense some anonymity here. And you seem to be getting carried away like a small boy who lost his toy.

I feel you should move on. It is your choice frankly to believe or not what is written or stated here. Don't keep harping on it. It just bites you back and reflect badly on your personality.

I just bought today. Not on flowerpower recommendation but the fact that they have found oil on the second well. And if they can drill Well # 2 and find oil, I am banking on success other drills. 50% strike is good deal.