D date to watch for O&G is 12 May

80% Trump will tweet a nasty tweet

Hung parliament wil c all d really dirty n nasty tricks pulled out

Total chaos

Biggest worry

A hung parliament wil take wat to resolve? How long to take to resolve?

Bolih land I know bt wat u say is ovr kill

Knn u la sleeping joking oso u don't know

So kan ceong u must hv bot 0.12 last time

I jz bot 0.07 jz now

USD come in d soon think u can drop d anak haram

High on ketum kikiki

Risk Mahathir may review tis deal later

Sabah EOR PSC signed agreement liao stil problems Wake up

“Both Talap Munai and Sumatec agree that this contractor financing shall be repaid by way of cash or in kind that is oil/condensate barrels or shares of Sumatec or shares of CaspiOilGas LLP, the partner of Sumatec in Kazakhstan,” it said..


Talap wil b d contractor wil provide d contractor financing n wil do d work n to b paid by d oil revenue generated from its works

China co usual modus operandus nowadays

Think on

Critics wil say Sumatec can't sell d oil thn China co wil take ovr everything like Pakistan ports or something

Dericlock

Hv u seen anything comprising in Hibiscus new investors presentation?

Sell mother to buy sons r not sustainable

Oil price goin towards USD 80

Updating target price

Singapore DBS target price 1.97

Some in Batam said higher 3.6

Operator goin for 5th round

Tis is 3 or 4 times operator done d

D day Trump tweet on Iran oil price wil US 80 n higher

Goin into next level wit alex ah boy mother

Standing hard n firm like Hibiscus

I hv length

I hv range

I hv stamina

1.03 first thn 1.48 as per Singapore DBS

Yes I don't bother d stupid boy

I jz bother his mother

Alex ah boy u stupid

I m definitely not ur father

I m ur mother lover

Not enough info shd said cannot conclude due to not enough info not simply concluded as ok

Alex ah boy

I hv length

I hv range

I hv stamina

If I repeat tat is bcos ur mother likes it

Yes Sabah EOR PSC benefits came in immediately tat is y ppl who sell on news all got it wrong

Dericlock Found this in hibiscus Q&A.

Following the successful acquisition of the 50% stake in the 2011 EOR North Sabah PSC, will Hibiscus be recognising the asset’s profit from 2017 as a one-off gain or will Hibiscus only be recognising profits after the completion of the transaction on 31 March 2018?

The expected economic benefit from 1 January 2017 will form part of the purchase consideration. On the date of completion of the North Sabah acquisition, the Group will recognise (a) goodwill, if the fair value of assets acquired is less than the purchase consideration, or (b) negative goodwill, if the fair value is higher than the purchase consideration. In accordance with the relevant accounting standards, goodwill is recognised as an intangible asset in the Balance Sheet, while negative goodwill will be recognised as a one-off gain in the Profit or Loss.

The Group is currently assessing this, and will include the outcome of such assessment in the financial results for the financial quarter ended 31 March 2018.
15/04/2018 16:13

Alex ah boy don't b stupid

I m not orange

I m ur mother lover

800m for building storage not refinery?

800m for building refinery is too cheap

800m for building storage is too expensive

No transparency lot of uncertainties

Buy Hibiscus better

I so free?

Fxxk u Alex a boy u r nobody

I jz like ur mother body

LONDON: OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency said on Friday, signalling that the markets could become too tight if supply remains restrained.

The IEA, which coordinates the energy policies of industrialised nations, said global stocks in developed countries could fall to their five-year average - a metric used by OPEC to measure the success of output cuts - as early as May.

“It is not for us to declare on behalf of the Vienna agreement countries that it is ‘mission accomplished’, but if our outlook is accurate, it certainly looks very much like it,” the IEA said in its monthly report.

Vienna-based OPEC has reduced production in tandem with

Russia and other allies since January 2017 to prop up global oil prices, which soared above $70 per barrel this month, giving a new boost to booming U.S. shale oil output.

But as oil production collapsed in OPEC member Venezuela and still faces hiccups in countries such as Libya and Angola, the oil exporter group is producing below its targets, meaning the world needs to use stocks to meet rising demand.

On Thursday, the Organization of the Petroleum Exporting Countries said in its monthly report that oil stocks in the developed world were only 43 million barrels above the latest five-year average. The Paris-based IEA put the figure at just 30 million barrels as of the end of February.

The IEA said that even though non-OPEC output was set to soar by 1.8 million barrels per day this year on higher U.S. production, it was not enough to meet global demand, expected to rise by 1.5 million bpd or around 1.5 percent.

With production declines in Venezuela and Africa, OPEC was producing 31.83 million bpd in March, below the call on its crude for the rest of the year at 32.5 million bpd.

“Our balances show that if OPEC production were constant this year, and if our outlooks for non-OPEC production and oil demand remain unchanged, in 2Q18-4Q18 global stocks could draw by about 0.6 million bpd,” the IEA said.

The figure would represent 0.6 percent of global supply or around half of OPEC’s current production cuts of nearly 1.2 million bpd.

The output-limiting pact runs until the end of the year and OPEC meets in June to decide its next course of action. OPEC’s de facto leader, Saudi Arabia, has said it would like the pact to be extended into 2019.

OPEC Secretary-General Mohammad Barkindo told Reuters on Thursday OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September. - Reuters

Knn fast n steady

Dayang price jump together w sapnrg w abv announcement

By Bernama - April 11, 2018 @ 2:28pm

KUALA LUMPUR: Sapura Exploration and Production (Sarawak) Inc (Sapura E&P), a wholly-owned subsidiary of Sapura Energy Bhd, will develop the SK408 block comprising the Gorek, Larak, and Bakong gas fields offshore Sarawak together with its partners, Petronas Carigali Sdn Bhd and Sarawak Shell Bhd.

Gorek, Larak, and Bakong gas fields offshore Sarawak

offshore Sarawak

Any new capital expenditure in offshore Sarawak is always good for Dayang n oso Perdana

By Bernama - April 11, 2018 @ 2:28pm

KUALA LUMPUR: Sapura Exploration and Production (Sarawak) Inc (Sapura E&P), a wholly-owned subsidiary of Sapura Energy Bhd, will develop the SK408 block comprising the Gorek, Larak, and Bakong gas fields offshore Sarawak together with its partners, Petronas Carigali Sdn Bhd and Sarawak Shell Bhd.

Gorek, Larak, and Bakong gas fields offshore Sarawak

offshore Sarawak

Any new capital expenditure in offshore Sarawak is always good for Dayang

Trump's bark is worse than his bite

Jz bear in mind

Price targets

DBS Singapore says fair value 1.48

Some from Batam says much higher 2.70

Very obvious n confirmed Hibiscus all good

It is 100% external factors

When market mood good again Hibiscus wil fly

USA vs Russian wil b a long drawn war

Oil prices wil b above usd 70 pricing in big war premium for a long time

For those chicken hearts klse wil not crash b4 9 May

Operator oso working very hard

Bright prospect

Improvement on oil extraction done

Sabah EOR PSC done

OZ Seahorse on standby

Associate co oso ok

Price targets

DBS Singapore says fair value 1.48

Some from Batam says much higher 2.70

Energy leading Dow nowadays O&G in play

Resistant like tauhu nia

No problem

Knn huat ah

First target 1.48 by DBS Singapore

Jump in fast now

Come d ah ahh ahhhhhh

Hibiscus price shd b very much higher thn Sapnrg

Bot oil assets low prices

Selling oil at high prices

No risk of impairment

No bank loans

Sabah EOR PSC done

Price targets

DBS Singapore says fair value 1.48

Some from Batam says much higher 2.70

O&G counters going 1 round Hibiscus time to up soon

*400+ up

Energy lead in Dow 300+ up

Hibiscus is energy