well its cheap emm nanti la bila rasa nak beli boleh beli.

tomorrow can go down some more.

AyamTua im thinking of buying Glotect but its hardly move. Berat sangat.

musashi69 i dont promote for all la. I dont want it to go up. it better go down so that i can get a better average price than now. aiyo apa la. those oil news are just for sharing that what we going to anticipate on dec 4th .

Worrying Signs For North Dakota’s Oil Industry

http://oilprice.com/Energy/Oil-Prices/Worrying-Signs-For-North-Dakotas-Oil-Industry.html

The North Dakota Department of Mineral Resources has reported that the state’s oil production dropped by about 25,000 barrels a day in September. As the chart below via @javierblas2 illustrates, North Dakota oil production has dropped on a year-over-year basis for the first time in over a decade.

The September data also illustrate that the number of wells that are drilled but uncompleted (DUCs) have risen above 1,000 for the first time ever, as oil producers defer pulling oil out of the ground at current prices, hoping instead for better times ahead.

The Bakken’s Big Decline Is Already Underway

http://oilprice.com/Energy/Crude-Oil/The-Bakkens-Big-Decline-Is-Already-Underway.html

Consequences of lower oil prices are now really having effect in North Dakota. Never before, since the shale oil boom started (2007), August production numbers were lower than July production numbers. September production numbers, are now lower too.

Unless the fact that these production numbers almost equal the production predicted by the Season Effect Model, the way it got there is a sign of dramatically changing dynamics. In the graph you can see the pale blue line always following the purple yoyo movement. This is the 5 month moving average in the change of daily oil production following the first derivative of the model. For the first time now this trend is broken severely. The pale blue line goes down significantly, while it should have gone up fiercely. This new reality must be combined with the upcoming winter conditions in North Dakota. Be prepared to see a loss of production of 100,000 barrels per day over the course of the next 6 months!

The good news is: there is now upward potential for oil production in the future. At higher prices.

The bad news is: North Dakota is losing oil production at a rate of 2.5% per month. And this, despite 40 new wells being added.

hehehh slow slow naik

than what are you doing here richkid? Fat Cat Tim Buddy...hahah a good one.

glotec berat mau naik la AyamTua.

wow the best 20c. aiyo why 20c. must push down further to 15c or 10c. That would be better.

Notice of Person Ceasing (29C)

HIBISCUS PETROLEUM BERHAD
Particulars of Substantial Securities Holder

Name DATO' SRI MUHAMMAD SYAFIQ BALJIT BIN ABDULLAH
Address
70 Jalan 11/146
Bandar Tasek Selatan
Kuala Lumpur
57000 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. 650417107159
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM0.01 each
Date of cessation 04 Nov 2015
Name & address of registered holder RHB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Muhammad Syafiq Baljit Bin Abdullah
10th Floor Plaza OSK
Jalan Ampang
50450 Kuala Lumpur

Kenanga Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Muhammad Syafiq Baljit Bin Abdullah
8th Floor
Kenanga International
Jalan Sultan Ismail
50250 Kuala Lumpur

CIMSEC Nominees (Tempatan) Sdn Bhd
CIMB Bank for Muhammad Syafiq Baljit Bin Abdullah (MY1917)
17th Floor Menara CIMB
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50490 Kuala Lumpur
Currency Malaysian Ringgit (MYR)
No of securities disposed 66,970,100
Price Transacted ($$)
Circumstances by reason of which Securities Holder has interest Disposal in open market due to margin call forced selling.
Nature of interest Direct

Date of notice 17 Nov 2015


Remarks :
The Form 29C was received by the Company on 17 November 2015.

Im still holding it til now. Even sunztzhe run already.

terbaik la.non stop go up.

congrats hng33

wow very nice pump and dump. the new strategy.hahahh.

GNRI is coming. :-)

Aiyo. kasi la GNRI peluang beli murah2.GNRI will be very shoookkkk.

I dont believe this group because they get instruction from Maha Firaun Mahathir. Evil.

Thank You TengkuFaisal :-).

have to wait la 4th december. But i think saudi wont give up yet. They need to kill us shale before they can allowed the price to move up. But us shale show it resilience but other arab nation and oil producer suffering. So it is interesting to see opec move this december.

aiyoyo laughdieme liao. paper loss pun taktau.sangat boloh. hahahahah. Hehheh im boloh wooo. still holding at 0.34. :-)

still holding strong above 0.50. Bila la nak going down ni.

heheh waiting for it. sulah lama. :-)

sunztzhe no problem. another day can. :-)

musashi69 why should panas? im ok jer. So not paper lost because i never sell yet. Will hold it for long term and if got money will average down. So far Hibiscus in portfolio is Ok not problem. Hibiscus eventually will go up. So i have no problem with it going down. The one im concern is my sanichi. Lambat mau shoot.

come come suntze im at tower 1 KLCC...Lets hangout during lunch :-).

i want to buy this but i cant. :-(

i hope can go down more next week.

the best thing is gas going into different direction.

eheh i already sell my share here.

heheh slow and steady.

heheh steady going up.

from last 5 days gas are shooting up.

yeah waiting for dividend.

Reply to Query 4

We would like to clarify the statement contained in the Announcement to state clearly the benefits of Hibiscus Petroleum’s current West Seahorse asset and the benefits of the Proposed Acquisition as follows: “The Proposed Acquisition is timely and provides the opportunity for Hibiscus Petroleum to further strengthen the Company’s portfolio of assets and enhances its 2P/2C (2C i.e. best estimate of contingent resources) oil reserves/resources in Australia by an additional 15-17 million barrels of oil (“mmbo”) to 23-25 mmbo. In addition, the HEH assets bring exploration upside.”

A breakdown of the reserves in the Australian assets is as follows:

Current Australian assets (West Seahorse): 2P / 2C reserves of 8 mmbo
Estimated additional 2P reserves from the HEH assets : 15 – 17 mmbo
Estimated total 2P/2C reserves / resources after the Proposed Acquisition: 23-25 mmbo
HEH's assets potential exploration upside: volumes yet to be determined.
The basis and justification to substantiate the statement:

The HEH assets is expected to triple the size of Hibiscus Petroleum's current Australian assets.
The HEH assets are expected to increase Hibiscus Petroleum’s worldwide 2P reserves by 55%.
With the significant addition to the volume of reserves in Hibiscus Petroleum’s Australian assets, the HEH assets allow consideration for the development of Australian assets to achieve production in 2017 provided oil prices stabilise.
With the addition of the HEH assets, production from Hibiscus Petroleum’s Australian assets may potentially sustain production for between 10 to 15 years.
With the additional reserves, cost per barrel for development will be reduced as the same, relocatable infrastructure may be used for all the Australian assets.
Reply to Query 5

Global Natural Resource Investments (“GNRI”) was formed by a management buyout of the former Barclays Natural Resource Investments private equity business from Barclays Bank PLC in October 2015. GNRI is focussed on the global natural resources sector, specifically on upstream oil and gas (excluding the US), mining, associated services and power.



This announcement is dated 13 November 2015.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4919497

HIBISCUS PETROLEUM BERHAD

Type: Reply to Query

Reply to Bursa Malaysia's Query Letter - Reference ID: IQL-12112015-00001

Subject: EXECUTION OF A BINDING EQUITY TRANSACTION TERM SHEET IN RELATION TO THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN HYDRA ENERGY HOLDINGS PTY LTD ("HEH") TO BE SATISFIED THROUGH THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.01 EACH IN HIBISCS

Description: HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR "COMPANY") EXECUTION OF A BINDING EQUITY TRANSACTION TERM SHEET IN RELATION TO THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN HYDRA ENERGY HOLDINGS PTY LTD ("HEH") TO BE SATISFIED THROUGH THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.01 EACH IN HIBISCUS PETROLEUM ("HIBISCUS PETROLEUM SHARES") ("PROPOSED ACQUISITION")

Query Letter Contents:

We refer to your Company’s announcement dated 9 November 2015, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) In relation to the 7 petroleum titles located in offshore Western Australia, please furnish the following additional information:-

(a) total area;
(b) age of oil field;
(c) number of producing well;
(d) first commercial production (in term of year);
(e) concession period / contract expiry date together with renewal term;
(f) total reserves (by way of million barrels);
(g) current production volume (by way of barrels per day); and
(h) cost of production per barrel.

2) To indicate which 4 titles that have discoveries with 2P reserve.

3) To state the categories of reserves / resources for the remaining 3 titles.

4) To provide the basis and justification to substantiate the statement “… to further strengthen the Company’s portfolio of assets and enhances its 2P/2C (2C i.e. best estimate of contingent resources) oil reserves/resources in Australia by an additional 15-17 million barrels of oil (“mmbo”) with exploration upside, to 23-25 mmbo”.

5) Detailed background information of Global Natural Resources Investments and the professionals behind the Company.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,
HENG TECK HENG
Vice President, Issuers,
Listing Division, Regulation
HTH/TEK

Cc : Market Surveillance Dept. , Securities Commission (via fax)

Further to Hibiscus Petroleum Berhad’s (or the “Company”) announcement dated 9 November 2015, and Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query letter dated 12 November 2015 reference number IQL-12112015-00001, we set out our responses to the same:

Reply to Queries 1, 2 & 3 (Combined)

We refer to the Company’s announcement dated 9 November 2015 in relation to the Proposed Acquisition (“Announcement”). Unless otherwise stated, the abbreviations and definitions used in this announcement shall have the same meaning as defined in the Announcement.

Hibiscus Petroleum wishes to clarify that information relating to these queries will be released in due course, upon completion of the due diligence exercise which is a condition precedent of the Proposed Acquisition, as stated in Section 2.3(c)(i) of the Announcement. It is intended that the release of such information can only be made at the point the definitive share sale and purchase agreement is entered into.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4919497

 Hibiscus Petroleum to add 15 - 17 million barrels of 2P reserves

The addition of Hydra Energy and their portfolio of
discovered oil fields offshore Australia will increase Hibiscus Petroleum’s 2P reserves by 15 – 17 million barrels and also provides exploration upside. The acquisition will provide Hibiscus Petroleum with a
significantly increased reserve base in Australia and allow shareholders to capitalise on the synergies that exist between the organisations and the asset bases.

Hydra Energy is incorporated in Australia and has equity interests in seven operated Petroleum Titles located in the Carnarvon Basin, offshore North West Australia (a complete list of the Petroleum Titles held by Hydra Energy is included as Attachment 1). Amongst the 7 Titles held by Hydra Energy, 4 have discoveries totalling 15 - 17 million barrels net to Hydra Energy. On completion of this transaction, Hibiscus Petroleum’s net 2P / 2C Australian oil resource base would increase from 8 million barrels to 23 - 25 million barrels. Combined with the 2P / 2C resources that are in the midst of being secured as part of the recent Anasuria transaction (UK sector of the North Sea), Hibiscus Petroleum’s global net 2P / 2C resource base would be
circa 47 million barrels following the completion of this acquisition.

 Hydra Energy shareholders will likely become the largest shareholders of Hibiscus Petroleum

The shareholders of Hydra Energy are funds advised by Global Natural Resource Investments1 (www.gnri.com) (97%). The remaining 3% of the outstanding shares are held by the Hydra Energy
Management Team.

Hydra Energy’s Managing Director, Paul Nimmo, said, “I am very pleased that we have been able to reach agreement on the terms of a business combination between Hibiscus Petroleum and Hydra Energy. There is significant complementarity between our businesses and the combination creates a significant platform for further growth in Australia and SE Asia. Both companies are now in a stronger position to develop the significant reserves and resources they hold, to the obvious benefit of all our combined shareholders.”

 Hibiscus Petroleum and Hydra Energy management teams are in advanced discussions on a non- equity based financing facility

In addition to the equity transaction, Hydra Energy management, GNRI and Hibiscus Petroleum management are in advanced discussions on a non-equity based USD 20 million financing facility to underpin the combined companies capital requirements. This facility will be utilized to fund existing
operational commitments and also allows Hibiscus Petroleum to explore new business opportunities.

http://www.hydraenergy.com.au/wp-content/uploads/2015/11/2015-11-11_Press-Release_Hydra-acquisition_FINAL.pdf

Sunztzhe let them ask people to sell. That is the best way to get it cheap for others. You dont have to do a single shouting shouting non stop. let them do it for you those shark and .... :-).

richkid waa relocate to XOX. Good job but bye bye. Hheheh. Hail Hydra. Hail Hydra. Hail Hydra. Hheheheh. Ok la have to go friday prayer.

Hail Hydra. Hail Hydra. Hail Hydra. Hail GNRI.

Hail Hydra . Hhheheh

News Items - 11 November 2015

Hibiscus Petroleum* (OTCMKTS:HIPEF) – (BUY – MYR1.59) - Disappointment Coupled With Optimism
Today's news that the sea lion exploration well has been found to contain uncommercial quantities of hydrocarbons is disappointing, and will require a rethink on the development strategy of west sea horse. While this is undoubtedly disappointing, also released today was the news that the Company is acquiring the entire share capital of Hydra Energy, which has a net 2P Reserves and 2C Contingent Resources of up to 17mm bbl.

This is in addition to its pending acquisition of 50% of Anasuria, which will add 2P Reserves of up to ~23mm bbl. Anasuria could potentially add $5/bbl (~$100mm) to the Company's value, while the Hydra Energy transaction will require greater detail before we update our valuation.

Ahead of the closing of the Anasuria and Hydra Energy transactions, we are adjusting our target price to MYR1.59, but maintaining our BUY Recommendation.

http://www.proactiveinvestors.co.uk/columns/sp-angel/23587/sp-angel-morning-oil-gas-xcite-energy-and-hibiscus-petroleum

no problem la. This one down due to market sentiment today.

i hope it can go down a bit more so that i can collect :-). Now tinggi lagik .

so far for me it is ok la musashi69.This one i have no problem as it will go up slowly. today it just a minor flush out and negative impact from the news on oil and plus a negative market sentiment as overall.Hahah im not busy at the pumping station la. We are busy today to take note and strategies the next way forward for our company PETRONAS and for the survival of its business in current condition.

hai guys how are you, Huh so busy today and tired. emm nice closing for HIBISCS.

US will be a good strategy as Fed possibly announce rate increase

:-) get ready.

Jason sorry bro a bit busy today visit my friend dewali open house and my neighbor in hospital. I only can agree with 4112377. Will busy at another counter. will give at 8.00 am tomorrow.