Guys, Rex price increased today was not due to Oman but due to their new development in Trinidad & Tobago also by using the Rex Technology. Here's the press release today.
http://rex.listedcompany.com/newsroom/20131218_171500_5WH_43F3846C001BFB8C48257C45001355CC.1.pdf

NKN1, the pink coded were for married deals. Yes, many married deals for the last 3 weeks.

NKN1, Rex Technology has been proven in Norway and US. Lime was given 7 licences due to joint venture for using the technology. Licence from Norway expected to increase to 15 by next year. FRAM US also entered into a joint venture with Rex for the technology and agreed for Rex to own about 20 % equity in the company. Rex director is also seconded to FRAM. They are using Rex Technology and will drill 80 wells. Oil has been found.
The Rex Technology is use for drilling but another newly acquired technology Rexonic, is a well stimulation technology and is already in the market. That's why Rex paying so much for it.

REX JOINT VENTURE WITH OGSONIC AG – 15,756,035 NEW ORDINARY SHARES ISSUED IN THE CAPITAL OF REX INTERNATIONAL HOLDING LIMITED (“THE COMPANY”) ISSUED TO OGSONIC AG (“OGSONIC SHARES”) REPRESENTING AN EFFECTIVE SHAREHOLDING INTEREST OF 33.3% IN A JOINT VENTURE COMPANY NAMELY, REXONIC AG

Wantomakemore, thank you for your posting. No problem for clogged well. Rex recently acguired a new technology capable of improving production for clogged wells by 30% up to 380%.
Rexonic’s well stimulation technology is the world’s first environmentally-friendly, high-power ultrasound technology for commercial oil well stimulation that has shown to increase oil production from 30 per cent to 380 per cent both onshore and offshore. The proprietary, patented technology is highly efficient in cleaning the production well bore from typical oil production inhibitors such as wax,paraffin and salt deposits, thereby significantly increasing the flow of oil into the well bore at low cost. Rexonic’s operating business models will include servicing and licensing of the technology to oil production companies and oil service companies.
http://rex.listedcompany.com/newsroom/20131107_182602_5WH_6508A2C062538E4D48257C1C00321E8D.1.pdf

Harvard57, u have correctly predicted price break out twice. Hopefully, u are right again. I always read with interest your posting, as well as happy88, prc4wifefe, flowerpower n CT's posting. Thanks guys for sharing, keep it up......;)

Syabas Hibiscus!!!
http://www.theedgemalaysia.com/mobile/article.php?id=267849

Tessa better watch out, looks like CT loves Hibis more already.......hohohoho

Hepitrade, check my earlier post. I have laid out the procedures and also attached the warrant conversion form.

http://klse.i3investor.com/blogs/hleresearch/43167.jsp

Really a big joke!!! Earlier declared able to make profit for 4th quarter from O&G. After so many people bought, they now want to take our rights issue money and declare as their profit. Have not heard of this type of arrangement in history. Pure manipulation!!!!

Good, this forum is getting a fair share of positive and negative inputs so that forum members are always on their toes. SYABAS!!!!!

Today for the 1st time the son is running faster than the mother.......hohoho

zamsaham, I thought you have bought the shares sometime ago since you have been a regular here and supporting the counter?

Congrats to all for patiently waiting and believing......and very happy for our friends CT & thlim123 for buying on Friday and immediately hitting the jackpot......hohoho

CT better wear an armour, dun get cut accidently by the flying kuali ;-)

We are all invested in suma and our goal is to make profit. It does not matter whether its positive or negative news, forum members should be the first to know. That's what this forum are meant to be, educating n sharing.

Azauddin, thank you for enlightening. Victor, I was just highlighting what was reported by the edge weekly dd dec 9. You don't have to be so stuck up.

Weekly paper not online.

Tekad Mulia, sumatec largest shareholder believed to be investment vehicle of HS disposed of 548.53 million shares or 18.3 % from nov 25 to 29. Shares held after disposal 299.55 million - The Edge

thlim123, Its difficult to forget....but no regret after you sold for profit or even if you cut loss......there's always a different stage and different game. I sold WA during second wave at 1.58 and bought back at 1.58. With tremendous potential its not too late to buy back.

CT, not in the rich n famous category as yet....just enjoy the buggy ride.....hehehe

Btw, hibis is currently in the market to acquire a production asset between USD 100 – USD 150 million. Wow, probably beat Cliq n Sona for another asset. About RM500 million bigger than Cliq IPO and equivalent to Sona!!!!

Rosak program this morning, unable to tee-off coz raining. .....:(

CT go for laser and surprise you darling.......lol

Many more surprises to come!!!!!!A-WIMOWEH-A-WIMOWEH

http://klse.i3investor.com/blogs/nexttrade/42860.jsp

Tessa....yes.....I am singing and dancing in the rain....hehehe

A-WIMOWEH-A-WIMOWEH ,A-WIMOWEH-A-WIMOWEH......dedicate this song specially to all hibisians.....sit back & enjoy the ride....LOL
http://www.youtube.com/watch?v=8E8xMcXmI9E

CT get a loan from your darling.....;-)

ganasai....all the licences in Norway obtained by Lime has been double confirmed by Rex Technology.....highly positive.....LOL

Tessa....very good expression.....hehehe.....below was the Rex press release yesterday.....wow from 7 to 15 licences!!!!
"We anticipate that
Lime will be able to grow its Norway portfolio up to 15 licences in 2014, through farm-ins and when the
annual Awards in Predefined Areas (APA) in mature parts of the NCS are announced by the
Norwegian Ministry of Petroleum and Energy, expectedly in late January 2014.”

Rex Technology is also making waves in Norway and USA. Soon Hirex will make waves in the 11 Asia Pacific countries.

Agreed with you Fortunebull. Now 7 licence in Norway, 1 licence in Australia and another 2 soon to be obtained by Hirex. Added with 4 concessions in the Middle East. If Oman Masirah potential is big, many other areas within the Oman concessions have even bigger deposits.......hehehe

Hold tight all hibisians.....supersonic jet moving now....hehehe

http://klse.i3investor.com/blogs/kenangaresearch/42748.jsp

Siem Daya 2 is targeted to be delivered this month. Guess there will be announcement soon.

Cik Noraini I have to salute you. You have been the Sumo champion for so long....hehe

Exciting many of my hibisians friends are now here....hehe

Two cts dividend & both controversial brother directors resigned. EGM cancelled & now company can focus on business. Good for the stock tomorrow......LOL

http://klse.i3investor.com/blogs/kenangaresearch/42676.jsp

Alliance able to support Android online.

Bro Bull, difference of 0.05 enough to pay both way charges?

http://www.theedgemalaysia.com/business-news/265826-sumatec-to-start-work-on-rakuscheknoye-in-january.html

Sona has been added to the list of Shariah-compliant securities

Pantech has been removed from list of Shariah-compliant securities.

Figure 3 : Securities added to list of Shariah-compliant securities
Company
Market
Sector
PPB Group Bhd
Main Market
Consumer
ABM Fujiya Bhd
Main Market
Industrial Products
DRB-Hicom Bhd
Main Market
Industrial Products
AirAsia X Bhd
Main Market
Trading/Services
Berjaya Auto Bhd
Main Market
Trading/Services
Caring Pharmacy Group Bhd
Main Market
Trading/Services
Naim Indah Corporation Bhd
Main Market
Trading/Services
Solid Automotive Bhd
Main Market
Trading/Services
UMW Oil & Gas Corporation Bhd
Main Market
Trading/Services
Westports Holdings Bhd
Main Market
Trading/Services
YFG Bhd
Main Market
Trading/Services
Matrix Concepts Holdings Bhd
Main Market
Property
Meda Inc. Bhd
Main Market
Property
Gopeng Bhd
Main Market
Plantation
Sona Petroleum Bhd
Main Market
SPAC
Source: Securities Commission

Yes PRC, buy 10,000 WA and convert to mother.....you make a net gain of RM500 immediately.

wondering why so many married deals done today for hibis & also wa???

Both maybank n uob new target price was subjected to Bsrakah getting the Pan Malaysia T&I contract. The stock will fly if the contract is confirmed and drop if otherwise.

CT , I suggest u also celebrate in Venice after Paris. I found that cruising the Grand Canal a better experience than cruising the River Seine.....LOL

Something fishy here. Two days ago price jumped from 2.48 to 2.52 @ 4.50pm. Today price dropped from 2.56 to 2.52 also @4.50 pm. ????

Yes, WB is now higher than WA.....hehe. My call yesterday to sell all WA and buy WB is correct. WA premium is still higher compared to WB.

Hibiscus Petroleum Berhad revealed Wednesday that the VIC/P57 joint venture developing the West Seahorse (WSH) project in Australia's Gippsland Basin intends to award a contract for the sale of GSP Britannia in December, with the successful contractor expected to convert the jackup to a mobile offshore production unit (MOPU) and lease back the Britannia MOPU for the life of the WSH oil field. A small site team from Hibiscus Petroleum's wholly owned subsidiary Carnarvon Hibiscus Pty Ltd., as operator of the WSH project, has been set up in Tuzla, Turkey (where the jackup is now located) to define the scope of work needed to reactivate ABS class and enable long-term use of the jackup as a MOPU for the project. Meanwhile, the joint venture will award the operations and maintenance contract for the WSH project in December, while contracts for a floating storage and offloading vessel, an export system (including a submarine pipeline, CALM buoy and offloading hose) and drilling (comprising the supply and operation of a modular platform drilling rig) are scheduled to be awarded in January. Meanwhile, the operator has completed remapping of the WSH field based on reprocessed 3D seismic data and an independent assessment is currently being performed, with results due this month. "First volumes of commercial production from VIC/P57 is expected in early 2015 subject to a timely receipt of the relevant regulatory approvals,"