Just read their 1st quarter report, Revenue RM 220 mil, Net profit RM50+ mil, NTA RM 1.06. Dividend of 1.6 cents, better than fd rate. What wrong with this company ? Did i miss out something? Anytime better than our penny share counter. Pls advice !

Alamak !!! Just bought today at 28 cents. Baru nampak so much problem.

Moreover Hibiscus price will now depends on how much oil reserve they have in the ground. Their future price very much depend on the success in OMAN BLOCK 50. If they strike oil, kayalah, people will automatically come to look for HIREX partnership. If they fail, u knowlah what will happen to their share price...

Hibiscus no longer categorize under SPAC, now they are E & P company for oil & gas sector. Since listing, Hibiscus price have appreciate 320% to date (listing 75 cents with free warrant now 1.45 and 0.95). In order to move higher they must have very good new like finding oil in Oman or Hirex with new venture.

Rex International is listing in Singapore Stock Exchange on July 31 2013. IPO price at S$o.50.

Possible if they annouce some good news. Price need to trade above the 200MA then only it turn bullish. Still waiting for their annoucement on the date for drilling oman block 50. Once annoucement is made probably will see price start to move upward. Then when they hit oil wah that the time it will fly.

you are right, just hope for the best

Latest from the Star today:

Hibiscus Petroleum, Australia's 3D Oil buy drilling rig

KUALA LUMPUR: Hibiscus Petroleum and Australia's 3D Oil have purchased a drilling rig, according to Upstream, an international oil and gas newspaper.

It said on Thursday the rig would be the production platform for their West Seahorse oilfield in the Gippsland basin, off south-east Australia.

3D Oil had announced on April 16 this year that both parties had decided on the use of a leased Mobile Offshore Production Unit (MOPU) to develop their West Seahorse oil field in VIC/P57, offshore Victoria.

The joint venture had previously received favourable responses from early discussions with project financiers and will now proceed to formalise project funding arrangements which were expected to be predominantly project debt and some additional equity.

3D Oil had then stated it expected the joint venture to make a final investment decision immediately after it receives regulatory approval, which is expected in the fourth quarter of 2013. First oil is scheduled to begin in the first quarter of 2015.

Accordig to 3D Oil’s website, the West Seahorse development will consist of production via the leased MOPU in to a leased tanker serving as a floating storage and offloading vessel, enabling crude oil sales both locally and internationally.

Two production wells would be drilled prior to arrival of the MOPU, which is a modified jack-up drilling rig fixed to the seabed at the West Seahorse field location for the life of the project.

The MOPU will include processing facilities to remove associated gas and water, to stabilise the crude oil, and export the stabilised crude.

Produced gas will be processed and utilised for fuel gas and enhanced recovery (gas lift) with the remaining gas being flared.

Field life was expected to be between four to five years, depending on factors such as operating costs and oil prices. Initial production rates are expected to be as high as 12,000 barrels of oil per day.

It also said West Seahorse had best estimate contingent resources of 9.2 million barrels of recoverable oil.

Hi Guys, additional information on Virtual Drilling. If you guy have downloaded and read the Hibiscus Investor Presentation 1 June 2013, page 26 of the presentation part(97-05 image)means the following :

"Virtual Drilling has a scaling of 1-5. Scale 3-5 are all positive fluid hydrocarbon indicators. Scale 3 is shaded green, 4 yellow and 5 red. Fluid hydrocarbon is either oil or condensate.

Scaling Green through red are all positive for liquid hydrocarbon accumulation. Red is best/strongest signal and is because that area has the best reservoir quality and fluid hydrocarbon saturation accumulation, yellow is positive intermediate reservoir quality and fluid saturation accumulation and green is background positive reservoir quality and fluid hydrocarbon saturation accumulation.

Base on RSI movement

Base on yesterday closing chart, hisbiscus share should fly today. All the best to all.

sorry !!! confidential

Expected good news from this counter are (no idea when coming out)

OMAN BLOCK 50 - drilling date / drilling will take only 30 to 40 days

Sharjah Block - looking for partners to do farm-in this year / drilling next year / read write-out, big oil company is keen / estimate oil deposit 2.5 billion barrel

Dahan Block - drilling - end of this year / estimate around 60 mil barrel

VIC/P57 - awaiting approval from Australia gov for West Sea Horse / estimate proven more than 7 mil barrel

HIREX - need to get 1 or 2 contract (hope this year)in order to use the fund (US10 mil)pump-in by Palladium Fund Management Inc

Petronas marginal field ??? maybe

The drilling program at Oman already push to September 2013. They have up loaded their latest investor presentation (1st June 2013) at their website. Can get great infomation about Virtual Drilling info on Oman Block 50. Nice Virtual Drilling photo shown. They predict Oman Block 50 have oil deposit around 200 mil barrel. If the prediction is correct, how much do Hibiscus worth?. You can find this presentation at their website, under Multimedia section. Be happy !!!

People are collecting

UAE operator mulls Oman’s first helicopter company
Wed, 03 July 2013
By Conrad Prabhu — MUSCAT — Aerogulf Services Company, a commercial helicopter operator and aviation maintenance services provider based in the United Arab Emirates, hopes to establish the Sultanate’s first civilian helicopter company in joint venture with an Omani partner. According to a senior company representative, discussions aimed at setting up a full-fledged chopper firm in the Sultanate are currently under way with a private Omani company, as well as with government officials.
“We are in discussions right now with a potential local partner — a private company at this point — and there are other individuals in the (Omani) government who we are also in discussions with at the same time,” Robert Denehy, General Manager, Aerogulf Services, said. “Actually, it will be an Omani company and we will go ahead and provide the expertise to help get it up and running,” he stated in comments to journalists soon after signing an agreement for the provision of offshore helicopter support services out of the Port of Duqm. Dr Ahmed bin Mohammed al Futaisi, Minister of Transport and Communications and Chairman of the Port of Duqm Company, signed the agreement on behalf of the government yesterday.
As part of the pact, which was inked at the Ministry yesterday, Aerogulf will provide a Bell 212 Offshore IFR helicopter to be based at Port of Duqm’s heliport to provide daily logistic support for Masirah Oil Limited, which has a concession to explore for oil and gas in Block 50 south of Masirah Island. Masirah Oil Limited had earlier selected Aerogulf as the sole helicopter service provider for its initial offshore exploratory operations commencing later this year.
Based at the new Dubai World Central (Al Maktoum) International Airport near Jebel Ali, Aerogulf currently operates a fleet comprising AW139, Bell 212 and 206 helicopters. The company is a well-established provider of helicopter services to the offshore oil and gas industry across the GCC and beyond. In Oman, Aerogulf has been providing services to Petroleum Development Oman (PDO), Omantel, and a number of public and private companies, including contractors engaged in electrification projects, over the past 30 years, he said.
“Soon, things may change though, because we are actually in negotiations now to open up an Omani company. It will involve us in partnership to help us get some local individuals and government authorities involved in creating the first civilian helicopter company in Oman.” In addition to providing logistic support to Masirah Oil Limited, Aerogulf is also exploring opportunities to offer its services to other interested parties, most notably in the area of emergency medical evacuation (medivac).
“Right now, we’re in negotiations with some other parties to possibly leave the helicopter (in Duqm) full- time for medivac capability 24x7,” said Denehy. “The problem is there is no major trauma hospital yet in Duqm. It will take five hours or so before (authorities) can get an ambulance to a trauma hospital, which we can do in about an hour. So it could be a life and death situation.”
Aerogulf sees “tremendous opportunity” for the growth of its fleet in Oman, the general manager said. “There is a lot of work coming up in the offshore industry and that will require helicopters without a doubt. There are also seismic requirements and electrification (projects), besides possibilities with tourism and photography.”

Move to boost heavy lift capability at Port of Duqm
Thu, 04 July 2013

By Conrad Prabhu — MUSCAT — Port of Duqm plans to augment its heavy lift capability with a view to enhancing the maritime hub’s appeal as the principal gateway for project cargo destined for the country’s rapidly expanding oil and gas industry. According to a senior official, plans are afoot to deploy a new generation of heavy lift gear at the port designed to make it attractive for transport and logistics companies to ship heavy and over-dimensioned pieces of equipment via Duqm.
Reggy Vermeulen, Commercial Director, said the port was in discussion with all of the major companies operating in Oman’s oilfield industry, about the benefits of routing their heavy cargoes via the Sultanate’s newest gateway. “We are now working intensively with the major players in the oil industry to have the Port of Duqm as the main entry point for their project cargoes. It’s a no-brainer for the oilfield supply chain to bring their cargoes via Duqm because of the availability of space at the port, the ample capacity of the road network, and the unhindered access to the oilfield areas — advantages that other ports may not be able to offer. We are proposing to all of the major industry players to consider Duqm as an alternative, as we are also preparing to deploy later this year some special heavy lift equipment that will be very unique in Oman in terms of their power-lifting capabilities,” Vermeulen stated. The official made the comments on Tuesday at a ceremony at which four key agreements were inked with local and international companies looking to use the Port of Duqm as a base for their operations.
Transport and Communications Minister Dr Ahmed bin Mohammed al Futaisi signed the agreements in his capacity as Chairman of Port of Duqm Company. They pertain to the establishment of a cement distribution terminal by Raysut Cement Company; the lease of a plot to Duqm Ahlia Development SAOC, a unique company set up by hundreds of local Omani inhabitants of Duqm Wilayat; the provision of a helicopter base for Aerogulf Services at the port’s heliport; and finally, the provision of logistics support services to Masirah Oil Limited.
The agreements, Vermeulen said, are evidence of Duqm Port’s growing appeal to companies looking for a suitable logistics and supply base for their operations in the region, as well as to service their local markets. Citing the example of Masirah Oil Limited, which has a license to explore for hydrocarbons in Block 50 south of Masirah Island, he said the port would serve as a convenient outpost for its offshore drilling operations.
“We are in business with Masirah Oil to support their oilfield activities. As they undertake their offshore exploration activities in Block 50, they will require a base for their logistics. Duqm’s proximity to their area of operations makes it convenient for them to use the port as a logistics and supply base. As a result of our collaboration with Masirah Oil, we envision a rotation of one supply ship every two days. So things will get quite busy for Masirah Oil at Duqm,” he commented.
Around 15 vessels and 33,000 tonness of project cargo have been handled at Port of Duqm since the start of soft operations at the maritime gateway, he said.

Drilling of two offshore wells
Wed, 03 July 2013
By A Staff Reporter — MUSCAT — Masirah Oil Limited, which is the concession-holder of Block 50 offshore Oman, plans to drill two wells this year in an effort to assess the hydrocarbon potential of its block, located south of Masirah Island. Masirah Oil is a joint venture of Lime Petroleum (BVI) of the British Virgin Islands and Petroci, the national oil company of Cote d’Ivoire. In 2012, the company carried out extensive seismic work offshore, and following detailed interpretation including the use of unique ‘Rex Technologies’, it identified several prospects in the block. The company has also been working closely with the Ministry of Oil and Gas, and in the course of this year, it plans to drill two wells using a jack-up drilling rig. Due to the proximity of Block 50 to Duqm, Masirah Oil has chosen Duqm Port as its logistics base. Towards this end, it has worked with Duqm Port Company to lease storage and operations area in the port, as well as quayside access to operate supply vessels. The company has also contracted with Aerogulf Services of the UAE to operate helicopters from the port to the drilling rig.

Oman Block 50
Sub-Surface Evaluation
Lime had inherited legacy seismic data from the previous holders of Block 50 in Oman. These datasets have been reprocessed and reinterpreted using modern techniques over the past year. The reprocessing works were carried out by seismic processing company Spectrum of the United Kingdom. More specifically, a full geological evaluation of the southern part of the block around the Masirah Bay area was carried out. This seismic data, acquired by Hunt Oil in 2004 and 2006, was mainly used for the initial geological interpretation. Available logs from the three wells in the area (SMPA-1, Maimun-1 and SMPB-1) were used for correlation and evaluation of reservoir properties.
In addition, gravity data and magnetic data acquired by Hunt Oil were used to validate structural elements and to define the extent of the ophiolite and the associated mélange feature. This study is being performed by Swedish consultancy, GeoVista.
Based on this preliminary work, a number of prospects and leads have been identified. In addition, more seismic acquisition work was carried out in 2012 as tabulated below:
Period Field Work Programme Service Provider Status
17 May - 1 Jul 2012 560 km 2D and 346 km2 3D seismic BGP International Equipment (M.E) FZE Completed
This additional seismic acquisition work will be used to validate the results obtained from the vintage third party datasets. This work is currently on-going and is anticipated to contribute to the selection of final drilling locations within the block.
Virtual Drilling has also been carried out using legacy seismic data over all the identified leads. This technique, proprietary to Rex, uses responses from the low frequency band of conventional seismic data to identify resonance signatures from reservoir fluids. Using this methodology, positive indications of hydrocarbon accumulations have been seen over the identified prospects and leads.
The exploration work conducted to date has confirmed the large main leads previously identified by Hunt Oil below the mélange. In addition, two new smaller leads were identified west of the mélange. Direct hydrocarbon indications in the form of Amplitude versus Offset (AVO) on seismic data, which opens another opportunity, were found southwest of Maimun-1.
The following geological and geophysical studies were awarded to aid in high-grading the different prospects:
• AVO: PSS Geo, Norway
• Basin Modeling and Reservoir Studies: Prime Energy, Dubai, UAE
• Fault Seal/Trap Studies: RDR, Leeds, United Kingdom
Preliminary reports have been received. The basin modeling confirms the possibility of an active petroleum system under the mélange section and further confirms the possibility of paths for the hydrocarbons to migrate to the identified prospects and leads. A petrophysics study (which has also been undertaken) indicates that the formations in the identified leads are likely to have good reservoir and seal properties.
The 2D seismic data for Block 50 Oman Concession has been processed. The 3D seismic data processing is ongoing and scheduled for completion by the end of 2012.
Prospects covered by the new 2D seismic data are being subjected to Rex Virtual Drilling studies. Virtual Drilling, a proprietary technology of Rex Oil & Gas Limited (a shareholder of Lime), assesses the responses from the low frequency band of conventional seismic data to further define the hydrocarbon bearing potential of drilling.
The data available to-date provides good exploration elements for prospecting and is a good basis to further mature the leads. These results, combined with positive indicators from Rex's virtual drilling tests, lead us to be confident in planning our first few exploration wells.


Well Engineering
Commencing August 2011, a drilling scoping study was initiated by Lime and performed by a third party service contractor in anticipation of our drilling programme in Block 50 in Oman. In December 2011, several companies quoted for the drilling project management services. Following a technical and commercial evaluation, SPD LLC (SPD), a subsidiary of Petrofac, was selected. Hibiscus Petroleum representatives have since been assigned to the SPD office in Dubai to work on developing the drilling strategy, well engineering and procurement and tender process.
The Ministry of Oil and Gas of the Sultanate of Oman has reviewed all tender strategies for the two exploration wells to be drilled, and all major tenders and RFQs ( Request for Quotation) have been initiated. Discussions are on-going with drilling rig contractors and a contract for detailed geo-technical site surveys will be awarded in the near term.
Together with SPD, we have also conducted a logistics study and identified the preferred base of operations. In the next few months, we will focus on making this option as cost-effective as possible.
Meanwhile, submissions for all the required regulatory approvals for the work programme are on-going.

Today On Star Paper:

RHB Research expects Hibiscus share price to worth between RM1.18 and RM2.77

KUALA LUMPUR: RHB Research expects Hibiscus Petroleum Bhd's share price to worth between RM1.18 and RM2.77 and says the stock may suit the needs of investors seeking to participate in the long-term uptrend in oil prices and potential discovery of oil in the company's oil concessions.

It said Hibiscus was the first special purpose acquisition company (SPAC) to be listed on Bursa Malaysia. SPACs are companies that have no operations but go public with the intention of merging with, or acquiring operating companies or businesses, with their initial public offering (IPO) proceeds.

“Hibiscus shares and its warrants have both done well since the group's listing, gaining 90.7% and 91.5% respectively based on the stock's last closing price of RM1.43,” it said.

It added the company's value at RM1.18 to RM2.77 per share as the value per share of Hibiscus is closely correlated to its probability of success and could be worth as low as RM1.18 if its drilling campaign in Oman Block 50 fails.

“But it could potentially go up to as high as RM2.77 if we raise the probability of success by 20% for only three of its oil concessions in the Middle East,” it said.

RHB said given that the SPAC's refund guarantee is no longer applicable, any meaningful returns for an investor at this point would depend strongly on the group's ability to convert its “resources” into “reserves”, thereby increasing its commerciality and value.

From the Sundaily:

PETALING JAYA (June 19, 2013): Hibiscus Petroleum Bhd said a corporate investor, Palladium Fund Management Inc has acquired a 15% stake in its joint venture company Hirex Petroleum Sdn Bhd via a US$10 million (RM31.5 million) investment.

"The subscription is expected to provide Hirex with sufficient working capital to fund its other operational costs for the next two years,'' it said in a filing with Bursa Malaysia yesterday.

Palladium's entry is expected to result in an increase in the proforma earnings of Hibiscus for the financial year ending March 31, 2014 by RM12.6 million, or 4.2 sen a share.

"The increase earnings is mainly derived from the one-off gain arising from the dilution in Hibiscus' equity interest in Hirex from 48.24% to 41%,'' Hibiscus said.

Hirex, established in January 2013, has the first right of refusal to participate in exploration opportunities identified and selected through the utilisation of Rex Technology in 11 countries in Asia-Pacific, including Malaysia.

Hibiscus said Rex Technology package is a suite of tools which is able to increase the probability of success in exploration and appraisal drilling, and shorten the time to commercialise viable oil and gas fields.

KUALA LUMPUR: Hibiscus Petroleum Bhd’s 50:50 joint-venture (JV) company, Hirex Petroleum Sdn Bhd, has received a US$10mil (RM31.6mil) capital injection from corporate investor Triax Ventures Corp for a 15% stake.
Hirex is a JV between Hibiscus’ wholly owned subsidiary, Orient Hibiscus Sdn Bhd, and Rex South East Asia Ltd.
According to Hibiscus’ filing with the stock exchange, the subscription of shares by Triax would enable Hirex to fund the licence fee payable for the utilisation of Rex’s proprietary technology in the pursuit of high-impact exploration assets.
“The subscription is also expected to provide Hirex with sufficient working capital to fund its other operational costs for the next two years,” it said.
Pursuant to the subscription, Hirex’s paid-up share capital will be increased to RM97,562 divided into 97,562 shares, with Orient Hibiscus and Rex holding 40,000 shares or 41% each, a minority shareholder 2,927 shares or 3%, and Triax 14,635 shares or 15%.
Hirex plans to pursue investments in exploration assets using Rex’s proprietary technology in 11 countries within the Asia-Pacific region, namely, Malaysia, New Zealand, the Philippines, Vietnam, Australia, Thailand, Brunei, Papua New Guinea, Indonesia, Myanmar and Cambodia, and offshore areas associated with these countries.
Rex, incorporated in the British Virgin Islands, is an affiliate of Rex Oil & Gas Ltd, which, in turn, holds a 56.4% stake in Hibiscus’ jointly-controlled entity Lime Petroleum Plc.

"That mean in other word Hibicus share of 41% in Hirex now worth more than RM 80 mil base on Triax 15% worth US 10 mil."

Thanks elmo888.

which month (June or Sept)drilling for Oman Block 50?

(Part 2)

It was
reported that Hibiscus would take a 50.1 per cent operating stake in VIC/P57 and would also subscribe f or
30.96 million 3D Oil shares valued at A$2 million, giving it a 13 per cent stake in the company.
Hibiscus would transf er A$13.5 million (RM44.4 million) to a joint operating account on completion of the
transaction.
Another A$ 6 .7 5 mi l l ion (RM21.8 million) would be held in escrow and transf erred into the joint account
when required to f und cash calls issued under the Joint Operating Agreement while up to an additional
A$6.75 million would be paid into the escrow account when the f irst tranche was transf erred.
Hibiscus would b e t he second largest shareholder, seeing Kenneth Pereira being appointed as a director
of 3D Oil.
Meanwhile, Newell would own 15.9 per cent of 3D Oil f ollowing completion of the transaction.
In addition, the JV was also exploring the possibilities of building a mobile of f shore production unit (MOPU)
and a f loating, storage and of f take tanker, which would be moored to a buoy.
MOPUs are converted jackup drilling rigs that can usually be installed within 12 months f rom contract
awards.
MOPUs can also be relocated quickly, which make the rigs suitable f or the development of oil f ields with a
short f ield lives.
Since its renewal in August 2011, VIC/P57 is approximately 186 square miles (483 square kilometers) in size,
covering a geological ly diverse area of the Northern Terrace and the Central Deep areas of the of f shore
Gippsland Basin.
About f our billion barrels of oil and 12TCF of gas have been discovered in this region and it has the
highest historical exploration success rate in Australia.
Newell was conf ident with the development of West Seahorse, the company’s net present value (NPC)
expecting to reach A$149 million.
Sea Lion, on the other hand, had the potential to double or triple the NPV of the West Seahorse project.

Found this writeup on Hibicus (part 1)

Hibiscus, 3D Oil JV to see ‘paycheck’ in 2014
by
Justin Yap, justinyap@theborneopost.com. Posted on September 16, 2012, Sunday
KUALA LUMPUR: Malaysia’s Hibiscus Petrol eum Bhd (Hibiscus) and
Australia’s 3D Oil Ltd (3D Oil) are set f or a joint venture (JV) targeting the
development of its f irst project, the West Seahorse oilf ield, which is expected
to start delivering oil and generating income by 2014.
3D Oil sealed a mutually advantageous commercial relationship with Hibiscus when it agreed to a A$27
million (RM87 million) f arm-in deal with Malaysian oil and gas explorer Hibiscus that would allow it to
progress with its development of the West Seahorse oilf ield in VIC/P57.
According to 3D Oil managing director Noel Newell, Hibiscus would receive 74.9 per cent of the petroleum
produced until it recovered A$27 million, then revert to 50.1 per cent while 3D Oil would get 49.9 per cent.
“We are optimistic we will be able to get back our capital expenditure in just six month’s time and Hibiscus
will recover its A$27 million in seven to eight weeks,” he told BizHive Weekly in an exclusive interview
recently.
West Seahorse was expected to generate a revenue of A$270 million (RM2.38 billion) based on the best
estimate 2C contingent oil resources of 9.2 million barrels.
The lowest estimate contingent was 4.2 million barrels while aggressive estimate was at 14.5 million barrels.
Even at the conservative 1C contingent resource of 4.2 million barrels of oil
reserves, the project could generate overall revenue of more than A$200
million (RM645 million) net to the company at current oil prices.
“With an estimated 9.2 million barrels of oil available, it will be quite economical f or us to develop the oil
f ield because of its relatively small size with reserves that could last up to 20 years,” Newell pointed out.
“The production cost is also lower as it is located in shallow waters and with the tax credit granted f or
of f shore development in the location, the project looks very attractive.
The oil there is of Brent crude quality, which always trades at a premium to that of the West Texas crude.”
Located 14 kilometres (km) of f shore f rom the coast at 1,400 metres drilling depth, the oil f ield is estimated
to produce 6,000 barrels to 8,000 barrels of oil per day f rom two drilling wells that would generate revenue
of A$600,000 (RM1.9 million) to A$800,000 daily (RM2.6 million).
“We believe West Seahorse will be able to produce 50 per cent of its total oil reserves in the f irst year given
that it is on the same trend with the oil discoveries of Seahorse, Wirrah, West Moonf ish and Moonf ish,
which have a success rate of 70 per cent,” Newell added.
Although the estimate d reserve of West Seahorse was 9.2 million barrels, as is the practice, oil companies
usually did not extract all but would leave some behind.
In the case of West Seahorse, it was estimated that 7.4 million barrels would be extracted.
Raw extracted oil would be transported to shore by a 14km pipeline bef ore travel ling along an additional 1
9 km onshore pipeline to a new oil processing plant.
SIZEABLE LAND: Pho to sho ws the VIC/P57 e xp lo ratio n which is lo cate d in the no rthwe st o f the G ip p sland Basin with
the no rthe rn b o und ary so me 10kms o ffsho re o f the so uth-e ast Victo rian co ast and infrastructure .
“In addition to the West Seahorse being developed, we also hope to drill another prospective site at the
same time, the Sea Lion, as it is estimated to contain 11 million barrels of oil reserves there,” Newell said.
He highlighted that Sea Lion had signif icant upside potential, which might materially increase the economic
value of the development.
The Felix prospect, on other other hand, was the biggest prospect that 3D Oil had under its assets.
It contained potential deep gas prospect together with shallow oil prospect at a sizeable nature of about
100 million barrels.
Newell pointed out that the cash generated f rom West Seahorse would be used to kickstart the
development of two other f ields.
Activities on Sea Lion was expected to commence by end-2013, while prospecting works on Felix were
scheduled towards end-2014 or early 2015.

I think so Flowerpower. The chart have create a squeeze pattern, this means anytime can fly.

Betulkah ni, 20 cents next month?

Touching the 200MA today, if tomorrow closing above 1.54 (above 200MA) than this counter will turn bullish. Up! Up! On the way.........

base on their latest financial report, drilling on Oman Block 50 will be held in Sept '13 and not June '13.

sudah jalan mah

Besok 1.20++ .

Thank you Flowerpower.Already got paper gain. Will hold on to it.

coming already. sudah 1.08

To be continue tomorrow, upside intact

Time is 4.23pm, 15 minutes chart show a nice squeeze. Hope it fly during closing. Same goes with Brahim.

Hello 5Element and Flowerpower and good news coming?. After following both of your conversation, during the monthe of Feb and March i have collected quite alot of this counter. Hope good news coming soon.

long term target price 1.70

Last year i heard from friend, after the company restructure, the target price is RM 2.00

Market rule : Buy on rumour and sell on news. Will move again after this sell down.

Start moving again. bit by bit.

Heard from friend that they already got the project in Arab Saudi for supply lunch and dinner for Haji. Not sure true or not.

For now i think better buy Hibicus, start drilling (Oman) in June. Dapat untung baru beli CLIQ.

Four week high pun tak mahu jalan. Masih tidur !!!

Looks like starting to move abit today. Anyone with info out there?