wow record high @ 0.515 hehehe

http://klse.i3investor.com/blogs/rhb/46119.jsp

http://klse.i3investor.com/blogs/rhb/46119.jsp

Highest closing @ 0.50 today

Wow....not good.....step ladder downwards.....luckily no volume!!!

Good....if keep going up.....how to accumulate?

@member41....he is blaming the whole world....read post by SgMas dd Feb 9, 2014 in Bonescythe Trading Academy thread

Trading sideways with downward bias....hopefully good news to reverse the trend

Trending upwards.....to take out resistance at 0.55 b4 moving to 0.60.....:)

TP 0.87 is for the O&G without giving any value to the Silk highway. If the highway are to be taken into account, the TP will definitely be much higher.

@joe95 thank you for sharing.

TP 0.87 by Maybank......wah research company covering Silk now.....lol
http://klse.i3investor.com/blogs/kltrader/46056.jsp

if kuya tj and bro ft are buying Silk......you can't see Silk below RM1.00.....;)

Dun worry lee9fold, they sell....our friend CT will sapu....hehehe

Silk breaking the previous high of 0.78 today???

Bull is coming back.....:)

http://trendfollowingmalaysia.files.wordpress.com/2014/02/daya.png

Posted by rikki > Feb 6, 2014 03:57 PM | Report Abuse X

Cheapest and soon to be hottest O&G company. Next resistance @ 0.435 done on Jan 15, 2014

@kyy, I am not an advocate of JT, but I really value your sharing of experience, tq

Bass Straits Oil Exploration Outlook

Gippsland Basin

The company holds interests in four offshore permits in the Gippsland Basin. Vic/P41, Vic/P66 and Vic/P68 focus on the Golden Beach and Emperor plays on the Rosedale Fault Trend on the Northern Terrace of the basin. The Vic/P42 permit is located in the south of the basin, adjacent to Kingfish, Australia's largest oil field. The focus here is on the Top Latrobe and intra-Latrobe plays. The permit contains the Zane Grey and Omeo gas/condensate discoveries. 

The company's portfolio contains a balance of exploration and appraisal opportunities. It is actively seeking to commercialise the largest of the discoveries, the Judith Field and also to progress maturing high impact drillable prospects.

Otway Basin

The focus of exploration in the Otway Basin permits is on two play types. The first, focussed in the southeast of the PEP 167 permit, is the Waarre play which has yielded the major gas fields both onshore and offshore to the east. The second is the Laira and Casterton unconventional shale play, which is focussed to the north of the PEP 167 and within PEP 175 and PEP 150.

Bass Basin

BAS currently holds an overriding royalty (ORR) on the production from permit T/L1. This permit covers the Yolla Gas Field, an offshore, un-manned wellhead platform, connected to the onshore processing facility at Lang Lang Victoria.

TH Heavy likely to bag RM1.5b FPSO job from Nippon Oil - The Edge Weekly Newspaper Feb 10, 2014

@erkongseng, thanks to you too for sharing the earlier article :-)

HiRex has the exclusive right to use Rex Technologies in:
 Malaysia
 New Zealand
 Philippines
 Vietnam
 Australia
 Thailand
 Brunei
 Papua New Guinea
 Indonesia
 Myanmar
 Cambodia
As Rex Technologies gains traction among market players, Rex has been able to secure concessions on better terms, such as eliminating common industry practices of paying entrance fees
With its leverage, Rex has successfully farmed into 15 concessions ASX-listed Bass Strait Oil Company (BAS) is Rex's newest strategic partner as it partners with REX to reassess specific exploration opportunities in Gippsland Basin of Australia
A potential multi-bagger with exploration target of 2,183mmbbl unrisked resources (EMV range: US$1.31-5.39/share)


Does this means HiRex got the above deals???

http://www.theedgemalaysia.com/mobile/article.php?id=274177&pid=4

21.625 million shares done directly @ 0.395 on Jan 29, 2014. Who bought the shares???

Cheapest and soon to be hottest O&G company. Next resistance @ 0.435 done on Jan 15, 2014

Commenting on Masirah’s press release, Dan Brostrom, executive chairman of Rex International Holding, said, “The oil discovery in the second exploration well is further testament to the accuracy of our proprietary direct hydrocarbon indicator, Rex Virtual Drilling; this time in our very own concession. The recent entry of oil majors such as France’s Total S.A. to Oman’s offshore areas indicates their recognition of the potential of finding crude reserves in the region and gives a vote of confidence to the findings of Rex Virtual Drilling. “In late January 2014, we have been awarded stakes in five more concessions which we have scanned using Rex Virtual Drilling in Norway. We will continue to actively build our portfolio in different geographies, leveraging on Rex Virtual Drilling’s technological efficacy and its time and cost efficiency,” Brostrom added. The prowess of Rex Virtual Drilling had previously been confirmed by many blind and live tests with an unprecedented success rate of more than 85 percent. The game-changing technology allows the Company to identify liquids such as oil, condensate gas and water in the ground from analysis of seismic data. This approach is fundamentally different from the common industry practice of looking for geological structures from seismic data analysis and making probability estimates of finding oil. - See more at: http://www.rigzone.com/news/oil_gas/a/131433/Masirah_Discovers_Oil_at_Block_50_offshore_Oman#sthash.9LN6cFlC.dpuf

NKN1.....noted & thank you.....lol

@Duitbesar....awak suruh semua orang jangan beli, kenapa awak sendiri senyap senyap suday beli????

Posted by Duitbesar > Feb 4, 2014 06:49 PM | Report Abuse

Tunggu dulu, dia tak umum bila nak keluarkan minyak. Minyak tu pu tak kata ada nilai komersial. Baca pengumuman tu, banyak angin dari isi.

Posted by Duitbesar > Feb 5, 2014 12:27 AM | Report Abuse

Memang abang beli masa korang takut dan jual bila abang nampak nak jatuh jam 11 gitu. Tapi gua tarak cakap tin kosong macam Fkowerpower. Gua tau Hibiscus best trading.

http://klse.i3investor.com/blogs/rhb/45791.jsp

Broken the previous high of 0.77 hehe

Hibiscus chief financial officer Joyce Vasudevan said the specific details on commerciality would be known only after the testing phase of the well.
“The key point to note is that with the information that has already been acquired whilst drilling, there is good justification to complete and test the well. Completing and testing a well is a relatively expensive process.
http://www.thestar.com.my/Business/Investing/2014/02/05/Hibiscus-rises-on-positive-development-in-Oman/

Stock market is always about 6 months ahead if the country's economy. Similarly, share price of a counter is also about 6 to 12 months ahead of thier potentials. Research company will always quote 2 to 3 years estimated earnings & PEs. Investors buy if they view the company have good business, management, excellent future earnings & potentials. Likewise, investors will sell if the future if the company is bleak. As for hibiscus, you decide your future.

Rex press release.....later hibiscus will release the same....hehe
http://rex.listedcompany.com/newsroom/20140204_073216_5WH_0EDA78EB8DCE911D48257C74003A5F7E.2.pdf

@scchen75, agreed they do have anything good n new to write, so they just wrote about the stale SPAC information.

Tessa, happy & prosperous cny to you too. Wishing u good health and good wealth throughout the years. Your stocks all will fatt fatt this year esp. Hibis.....lol

@lee9fold....nice name rikimaru, a fictitious ninja. My synonym was actually taken from the Jungle Book Story, Rikki-Tikki-Ravi......lol

Last few days of sell down in US was a blessing in disguise. Silk was highly overbought and as a result have corrected & profit take. It's now ready to challenge the next target of 0.80.

the syndicates easily manipulate the artificial down and up with such a thin volume because many of the big investors were away holiday.

syndicates probably have cornered hibiscus shares....they are not paying higher price coz they might have sell and at the same time buying their own shares....they also bought shares that panic investors throwing.....and now they will actually sell......and are laughing all the way to the bank.

CT....happy CNY and happy holiday.....cheers!!!!

From Silk here I come. Beside Bones, Alex have also posted an article a few days earlier. Thank you to Alex & Bones for highlighting.
http://klse.i3investor.com/blogs/nexttrade/45327.jsp

mission accomplished....thank you Silk....lets someone else take the remaining profit.....lol

Stop the fighting. Wishing everyone here happy CNY and happy holidays. Tomorrow Dow Jones will give Ang Pow - Futures up 36 points already....
.....lol

http://www.theedgemalaysia.com/business-news/272764-petrobras-default-risk-escalates-on-halliburton.html

If one post with good intentions, whether it's positive or negetive comments, one will always have the support of silent majority. So we just keep on posting as long as our conscience are clear, hopefully it will benefit our fellow members in terms of facts/info or knowledge.

@almufathal, I understand u loud n clear....so do sklyte n prc4wifefe. All of u have been loyal supporters of hibis all this while but was sometimes misunderstood....cheers brother.....lol

1} Norway Offshore - Funds already there. Hibiscus & Rex have both recently injected capital to Lime Petroleum. Bank loan has also been approved for their activities there. Norway gov will refund 78% of the production expenses. Further more Lime's share is about 5 to 25 % for each of the licence.
2} UAE Rak Offshore and Sharjah Onshore - Lime now working on the funding, most probably through farm-in of one or both the explorations. Hibiscus share in Lime is 35%.
3} Australia Sea Lion - Funds already there. Hibuscus have paid AUD27 million for 51% stake of licence Vic/P57 to 3D Oil and the funds are for farm-in exploration expenses.
Guess it's drilling all the way in 2014.

@PRC4 There will be 4 exploration drilling this year. 1) Norway Offshore 2) UAE RAK Offshore 3) UAE Sharjah Onshore 4) Australia Sea Lion.....lol

@Por, thank you for the link. It was announced that the RM23.287 million ExxonMobil contract are expected to contribute positively to SILK Group earnings and assets for the financial year ending 31 July 2014.

warming up for next week.....better get on board now.....:)