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2020-09-20 13:08 | Report Abuse
According to the oil market today. you can buy a very good high level producing asset in Malaysia or elsewhere for RM2billion (US$500M) !! taking the example from Anasuria or Sabah, the Oil reserve price (underground) was about US$0.50c per barrel.
So I guess if Hibiscus is spending half of that money to buy 3 New fields, the combined Oil 2P reserve should be about US$250,000,000/0.5= 500Milion Barrels at least, so if you want to produce these Oil let say in 40 Years, your daily production of these 3 assets should be at least 500,000,000 / (40x365x0.9) = 38,000 barrels a day !! if this is true, Hibiscus is not only doubling his daily production, he is multiplying it by 4x this is comparing to current average daily production is about 9500 barrels. It is important to know how much oil reserve Hibiscus is going to buy and what is the expected oil reserve price he is paying for in order to confirm the above. If anyone know more details on Exxon or Petrofac high value producing assets that are sale please share.
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2019-01-17 10:55 | Report Abuse
Good news. Sabah oil fields 2P reserve has been validate at 55.3 Million barrels. This means a revenue of about 3 billion usd and a net profit of about 750 million usd for hibiscus at $50/ bbls for Sabah fields only. Anasuria field almost same.
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2018-12-19 20:07 | Report Abuse
One off take of 270000 bbls was successfully sold at around 75 usd in November 2018 from Anasuria conformed
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2018-10-03 18:30 | Report Abuse
Brent enter stable stage above 80 usd. buy.buy.buy
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2018-10-03 18:27 | Report Abuse
tomorrow top day for Hibiscus
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2018-09-27 14:04 | Report Abuse
Buy more before it is too late!!!!
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2018-09-14 13:49 | Report Abuse
Hibiscs very good fundamental!! Good report!!! Good profit!!! Next quarter will be more profit!!!
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2018-09-14 11:14 | Report Abuse
BUY!!! BUY!!! BUY!!!!UP!!!!
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2018-04-20 13:43 | Report Abuse
Buy!!! Buy!!Buy!!! Today last chance!!!
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2018-03-12 11:39 | Report Abuse
0.450!!! Buy!!!! Hurry!!! Last Chance!!!
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Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2020-09-20 13:12 | Report Abuse
if my assumption are correct, Hibiscus mother share should touch at least RM2 with warrant WC at RM0.6 as minimum as long as the Brent oil price is above US$45.