good news further upside

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3230951

3D Oil awarded VIC/P79 Exploration Permit,
Otway Basin

gas surge another 10%

Gas surge 9%

who can explain why such a poor performance???

but the sales of the repsol oil will not be reflected in the coming QR i guess

good chances to buy

the price not going anywhere..haiz

who will believe such a shit performance.ermmm.

What did i said earlier???? announcement will be this week or next week

We refer to the announcements dated 2 June 2021, 4 June 2021, 9 June 2021, 23 June 2021, 2 July 2021, 14 July 2021, 12 November 2021, 8 December 2021, 10 December 2021, 13 December 2021 and 28 December 2021 in relation to the Proposed Acquisition.



On behalf of the Company, CIMB Investment Bank Berhad wishes to announce that Repsol Exploración, S.A. (“Repsol”) has informed Hibiscus Petroleum that it has received the joint approval of Petroliam Nasional Berhad and Vietnam Oil and Gas Group dated 19 January 2022 for the change of control of Repsol’s rights, interests and obligations through its affiliates under the Block PM3 CAA production sharing contract (“PSC”) and unitisation agreement of the East Bunga Kekwa – Cai Nuoc field under Block 46 PSC to Peninsula Hibiscus Sdn Bhd (“Peninsula Hibiscus”).



Following receipt of the joint approval, Repsol and Peninsula Hibiscus have also confirmed the fulfilment of all conditions precedent under the sale and purchase agreement dated 1 June 2021 (as referred to in Section 2.1 of Appendix I of the Circular dated 13 December 2021 for the Proposed Acquisition) and that the parties will now proceed to completion of the transaction accordingly.



Hibiscus Petroleum will make an announcement once the Proposed Acquisition has been completed.

really shit performance...dunno why

load up...i heard completion of acquisition will be very very soon. either this week or next

anyone what happened in the meeting? why the price drop after the meeting?

https://www.scmp.com/news/china/science/article/3157765/global-risk-omicron-coronavirus-variant-very-high-who-says

0.05cent dividend on friday, am i correct??

i gave up on Dnex already...with silterra and ping operation profit only around 40m......honestly even oil at USD70.....hibiscus is way better choice after repsol acquisition...think about it.

anyone remember that there is 0.05 dividend by this Friday????

RHBIB7 Dont be silly...now China worker will take RM500 per month?? where is your sense????

only one day after WHO name it...there are cases in UK, Germany, Crez, Belgium, Italy, HK, Australia....spread really fast

https://www.theguardian.com/world/live/2021/nov/28/covid-live-news-uk-germany-and-italy-detect-omicron-cases-israel-bans-all-visitors

https://www.theguardian.com/world/live/2021/nov/27/covid-news-live-omicron-variant-spreads-to-europe-countries-rush-to-impose-travel-bans-on-southern-africa?filterKeyEvents=false&page=with:block-61a23ad38f08de86f451d129#block-61a23ad38f08de86f451d129

https://www.afr.com/markets/commodities/opec-leans-toward-ditching-output-hike-as-oil-sinks-on-virus-20211127-p59cnt

best stock over the past 1 month. Avoiding all slump

3th dec ex date for dividend, 17th another ex date for dividend. plus the fear of omicron. Timing just good..will shoot over RM2 hopefully..

way over reacted!!. Do you know the even the south Africa only 2000 case per day?

actually there is nothing wrong with DNEX...it drop pretty much the same time Atamis tank ......sentiment not good.

the report doesnt seems positive also

Further to the announcements made by Cahya Mata Sarawak Berhad (“CMSB”) on 5 May 2021, 6 May
2021, 3 June 2021, 8 June 2021, 2 August 2021, 30 August 2021 and 29 October 2021 on the
suspension of Mr Syed Hizam Alsagoff, the Group Chief Financial Officer of the Company and the
appointment of KPMG Management & Risk Consulting Sdn Bhd (“KPMG MRC”) as the independent
consultant to review the financial management of certain investment and projects, we furnish herewith
the following information on the matter.
1. The key findings of the Special Review Report by the appointed consultant KPMG MRC as
instructed by the Board on the three projects (“Said Projects”) in the Associates, Subsidiaries and
Joint Ventures of CMSB are as follows:
 There were gaps in the contract management and bidding processes contributing to a project’s
losses;
 Lack of monitoring by the Associate’s Board on the hedging transactions of a certain project
which ended in losses due to adverse currency exchange movements;
 There was a lack of due diligence and stakeholder management on the joint venture partners’
risks of a project; and
 The reporting structures by Management to the Board were not adhered to and complied with
in a project.
2. The realized losses incurred had been accounted for in the past financial results.
3. Based on the key findings above, an external lawyer has been appointed to look at the various
issues that have arisen and to advise CMSB on all legal issues that arise in particular in relation
to the conduct of senior management at that material time.
4. Further to the report the Board has taken immediate steps and measures over the last few months
to strengthen the Company’s operations and processes:
 In this regard the Board has initiated a review of the reporting and realigning of the Group
structure with the aim to ensure the internal controls and risk management processes are
strengthened including promoting transparency and accountability as follows:
● strengthening Risk Oversight at the Board level, with the main function is to provide
oversight on enterprise material risk and provide updates on key projects on a periodic
manner so that the Board will be appraised of such risk matters on a continuous basis.
 In this connection CMSB will have an independent Group Risk Division to drive the risk plan
for the entire organization.
 A culture of governance and growth across the Group will be actively pursued by the Board to
strengthen the accountability and integrity at all levels of Senior Management.
 Initiation of operational improvements including improving project bidding processes, tightening
of control over project costs and strengthening of project management.
 Recruitment of additional senior management including the Chief Risk Officer, Chief Technical
Officer, Head of Compliance, Chief of Staff (to oversee the Human capital transformation).
Page 2 of 2
 Setting up of Investment Committee chaired by Group Managing Director to review and
recommend all proposals and investments to the Board for information and approval as
appropriate.
 Improving the reporting process by investing and implementing an Enterprise Resource
Planning (“ERP”) system to streamline information and data flows.
 Appointment of new Group Chief Financial Officer (“CFO”). An extensive search for a new
Group CFO with the relevant capabilities, experience, credibility and strong credentials is ongoing. Meanwhile Madam Tan Mei Fung will continue as Head of Finance pending the
appointment of the new CFO is complete in due course.

resume trading sure limit down!!!!

complete acquisition is 1 month away. below 0.8 is just too cheap plus the brent now back to US82...

it is believe that it trying to use the QR to push it above .90

be reminded that the price was USD55 during acquisition

Even oil at this price...after repsol acquisition will still earn like mad cow!!!

may i know if the revenue of silterra and Ping will be accounted for the coming QR?

may i know if the revenue of silterra and Ping will be accounted for the coming QR?

oversold. announcement completion of repsol acquisition by dec as well as dividend ex date early Jan...price will move up by december

now everyone can dive

think about repsol production at USD78 and the gas as well..selling now is more toward sentiment rather than fundamental. the EBITA predicted was based on oil around USD55 per barrel.

remained strong amid oil price broke USD80

these few days is good time to buy. next month end will announce completion of repsol acquisition as well as ex date for dividend. keep it for 1 month plus

very likely will only see sharp surge by dec end with the 1cent dividend and announcement completion of acquisition of Repsol asset.

kokchengkai 2022 Q1 is coming QR u know...

may i know if the sales Repsol oil will be reflected in the coming QR?

may i know if the sales of Repsol oil will be reflected in the coming QR?

lalazai9 they bought from 0.77 to 0.82 is not they wanted to....because they have to....if they dont push up the price...after the news it will drop until PP price so no one will subscribe.

are we saying Ambank is wrong?

stamp duty from 0.1% to 0.15% only start next year 1 jan 2022

hibiscus really not much ppl wanna throw ticket...drop 30 pt all ticket still can recover