Wellsaid Flowerpower...Some idiots still dont understand english and still giving negative comment...why not this moron just get lost and buy cheap share like talam which suit them...Let the real investor share this forum....Hibiscus is good counter and its matter of time....i wonder why this moron dont have any shame....

do not follow what other says ...they just want the price to go down so that they benefit from that. stupid ppl will follow them. You should have faith on your self...believe just wait patiencely...this is good counter and it goin to fly...dont miss the chance..give them sometime ...this company is still new and they are doing wonderful job....

Not rollercoaster...some idiots did panic selling that bring down the price like that...all coz of margin player...now real investor is in...it will be stable now...

Today Hibiscus might close at RM 1.80

This is a good counter and matter of time before it fly.Yesterday some contra player i guess making a lot of noise. I just laught to my self. Real investor wont talk a lot , they will wait patiencely before hit and run. Think for long term not 2 or 3 weeks and looking for profit. Then my advice to ppl go n gamble at genting. If u dont like this counter just get lost. Nobody ask you to buy. Stop attacking the mgmt , they are trying hard to deliver. May be luck not at their side this time. HIBISCUS =PATIENCE= PROFIT

i'm sure 2014, good news for hibiscus....those play margin soory for them...

You ppl a really gambler not investor..this is a good counter just be patience...for the past few days i read some rubbish in this forum. For those got negative thought about this counter just get loss and buy talam its cheap suit for this ppl. Always condem the mgmt , my suggestion wht not you run this business then you will understand the problem. They are not god to predict 100% correct but the potential is there.period

Malaysia's Hibiscus Petroleum Could Strike It Rich

By Neville D'Cruz

MELBOURNE, Dec 23 (Bernama) -- The founder and chief executive of 3D Oil Ltd, Noel Newell, anticipates that the West Seahorse JV with Malaysia's Hibiscus Petroleum Bhd "would be in a good position to repay borrowed funds within the first year of production."

Newell is also excited about the offshore exploration permit T/49P, a 4,960 sq km block which lies just south of Thylacine, one of the biggest gas fields in Australia's southern waters.

Thylacine is partly owned by billionaire T. Ananda Krishnan.

Newell spoke to PESA Resources, the official publication of the Petroleum Exploration Society Australia, in a wide ranging interview about 3D's prospects, published in the magazine's December 2013 edition.

Hibiscus Petroleum owns a 50.1 per cent operating stake in West Seahorse and 13 per cent of 3D Oil stock.

Newell's comments to PESA have obvious implications for Hibiscus, which may well replicate oil veteran Ananda's success in Australia's southern waters.

Newell expects to tie-in the West Seahorse project to other 3D projects in the surrounding area.

"Sea Lion (oil well) is the next cab on the rank and we intend to drill that prior to West Seahorse," he said.

"In the event that it is a discovery, it would be fantastic as it can be tied into the West Seahorse project, adding overall financial strength to the project. The West Seahorse, Seahorse and Sea Lion structures are all in a row."

3D Oil Commercial and Exploration manager, Andrew Adams, said that assuming there was a discovery, by the time the company got Sea Lion producing, it would be balancing the decline at West Seahorse.

"Sea Lion thus brings the huge potential upside to the project," he added.

The West Seahorse project lies within the VIC/P57 permit, which covers about 483 sq km.

It lies within the Gippsland Basin and according to PESA Resources, it is flanked to the south by several oil and gas fields, notably the giant Barracouta and Snapper gas fields.

"Gippsland fields have some of the best reservoirs you will see in the world," said Newell.

"When Esso first came to the Bass Strait, they could not believe the quality of the reservoirs, which are also underpinned by an incredible water drive. Thus after all these years of production in Gippsland, the decline there has not been that severe."

Ananda's Benaris International NV owns 27.77 per cent of the Thylacine field, and was the original holder of the T/30P exploration permit which includes the Thylacine field, as well as the Geographe field which has recently started producing.

Three years ago the entire project was valued at roughly RM5 billion. In contrast, 3D Oil has a market capitalisation of about RM100 million, while Hibiscus's market capitalisation is about RM1.1 billion.

It is left to be seen whether Newell's expectations are fulfilled, and how the results are reflected in Hibiscus's share price.

-- BERNAMA