Thr is always strong buying interest for Hibiscus Jz tat last few days funds were selling Think funds done selling d

Effect of 12 May start early today

Effect of 9 May ovr on Hibiscus d

Get tis right

If Sumatec has announced pn17 1st

Thn only announced China co usd20m financing

D price now wil b at least 0.10

Matter of timing

Market n funds r acting as if bn is not goin to win

If drop due to GE by 12 May Hibiscus shd b up d

OIL & GAS SECTOR

By MaybankIB Research

Rating: Positive

Maybank IB Research said geopolitical supply risks, such as instability in the Middle East and unrest in Venezuela, could trigger volatility in the oil market, leading to oil price potentially overshooting above US$80 per barrel and put the sector back in the limelight in the interim.

“We do not rule out oil price sustaining at current levels on improving fundamentals, aside from geopolitical supply risk. Global net crude supply is narrowing, while global crude oil inventories are falling and offshore storage is on the downtrend,” the research house said.

“These events have trumped the potential impact of increased shale supply. While the collective Opec and non-Opec (notably Russia) pact to tighten oil output, and continuously complying to the pact has been key to the recovery in oil price since November 2016, recent geopolitical supply risks could further induce volatility, leading to oil price overshooting above US$80 per barrel.”

MaybankIB Research said May will be an important month as the US will decide on re-imposing sanctions on Iran.

It noted also that Venezuela will be a risk following Chevron’s decision to evacuate its workers there after some of its staff was imprisoned over a dispute with the government.

“This may trigger other oil companies operating there to pull out their investments. Both Iran (3.8 million barrels per day [bpd]) and Venezuela (1.5 million bpd) are Opec members and collectively produce 5.3 million bpd of oil, accounting for 5% of global output,” it said.

MaybankIB Research said that a rise in oil price could excite the equity market, from a top-down perspective, across the board.

Not n4 is b4

Auditors report dated b4 or after d usd 20m financing announcement?

If n4 thn wat Sumatec did is not appropriate lor Shd announced pn17 first

Israel pressing Trump to reimpose sanctions

https://www.thestar.com.my/business/business-news/2018/05/01/oil-extends-gains-buoyed-by-iran-sanction-worries/

Don't know y funds r selling Hibiscus as Hibiscus is oso defensive mah

Looking at d sell q stil 1 or 2 fund r selling

Hv to look some more to c whn all done sold

U gong wan la kenlee

Trump already removed sanctions long ago

How to.. Hope trump remove sanction on Iran hehe

Gong eh

D date to watch for Hibiscus is not 9 May but 12 May

U gong wan la kenlee

Correct is...

Hope Trump reimpost sanctions on Iran

Iran baru cannot export oil mah

Gong eh

No matter whn u buy d counter to buy is Hibiscus

Preferably buy d mother

If rich n hv fund can start buyin now For d seriously poor n fund challenged buy on breakout soon later

Knn u gong or wat?

U r saying opposite

kenlee Hope trump remove sanctions on iran and crash the oil price hehe
27/04/2018 12:51

The drop is real if it break 0.76 else jz d work of operator

WC barely 0.30 last time

WC looking more to drop

Ppl r getting third degree burn in other counters. Selling Hibiscus to cover margin calls

If wan buy better buy n support mother Mother drop warrants all die even more

Not shorting la

Trump nasty tweet wil send oil price more thn USD 80

D date to watch for O&G is 12 May

80% Trump will tweet a nasty tweet

Hung parliament wil c all d really dirty n nasty tricks pulled out

Total chaos

Biggest worry

A hung parliament wil take wat to resolve? How long to take to resolve?

Bolih land I know bt wat u say is ovr kill

Knn u la sleeping joking oso u don't know

So kan ceong u must hv bot 0.12 last time

I jz bot 0.07 jz now

USD come in d soon think u can drop d anak haram

High on ketum kikiki

Risk Mahathir may review tis deal later

Sabah EOR PSC signed agreement liao stil problems Wake up

“Both Talap Munai and Sumatec agree that this contractor financing shall be repaid by way of cash or in kind that is oil/condensate barrels or shares of Sumatec or shares of CaspiOilGas LLP, the partner of Sumatec in Kazakhstan,” it said..


Talap wil b d contractor wil provide d contractor financing n wil do d work n to b paid by d oil revenue generated from its works

China co usual modus operandus nowadays

Think on

Critics wil say Sumatec can't sell d oil thn China co wil take ovr everything like Pakistan ports or something

Dericlock

Hv u seen anything comprising in Hibiscus new investors presentation?

Sell mother to buy sons r not sustainable

Oil price goin towards USD 80

Updating target price

Singapore DBS target price 1.97

Some in Batam said higher 3.6

Operator goin for 5th round

Tis is 3 or 4 times operator done d

D day Trump tweet on Iran oil price wil US 80 n higher

Goin into next level wit alex ah boy mother

Standing hard n firm like Hibiscus

I hv length

I hv range

I hv stamina

1.03 first thn 1.48 as per Singapore DBS

Yes I don't bother d stupid boy

I jz bother his mother

Alex ah boy u stupid

I m definitely not ur father

I m ur mother lover

Not enough info shd said cannot conclude due to not enough info not simply concluded as ok

Alex ah boy

I hv length

I hv range

I hv stamina

If I repeat tat is bcos ur mother likes it

Yes Sabah EOR PSC benefits came in immediately tat is y ppl who sell on news all got it wrong

Dericlock Found this in hibiscus Q&A.

Following the successful acquisition of the 50% stake in the 2011 EOR North Sabah PSC, will Hibiscus be recognising the asset’s profit from 2017 as a one-off gain or will Hibiscus only be recognising profits after the completion of the transaction on 31 March 2018?

The expected economic benefit from 1 January 2017 will form part of the purchase consideration. On the date of completion of the North Sabah acquisition, the Group will recognise (a) goodwill, if the fair value of assets acquired is less than the purchase consideration, or (b) negative goodwill, if the fair value is higher than the purchase consideration. In accordance with the relevant accounting standards, goodwill is recognised as an intangible asset in the Balance Sheet, while negative goodwill will be recognised as a one-off gain in the Profit or Loss.

The Group is currently assessing this, and will include the outcome of such assessment in the financial results for the financial quarter ended 31 March 2018.
15/04/2018 16:13