Pe ga ga co mi ng so on

Sapa kena angkat tangan?

Cencaru makan petang.

Contra panic.

Mcm nak jalan

Financial report end of june 2017 is out and go and digest.

Ready to go

SN done deal.

Umw ada 8 nagas.

PETRONAS used to own a rig name Parameswara in the mid 80s.

Waiting for good news to limit up. Takut UMA and insider trading charges.

Price%20of%20#crude%20#oil%0A#Brent%20-%20$54.39%20%20( 0.49/%20 0.91%25)%0A#WTI%20%20%20-%20$51.29%20%20( 0.25/%20 0.49%25)%0A15%20Dec%2011:00%20GMT%20(UTC)

Orang tamak selalu untung lebih

BRENT Oil
Current price: 53.91 USD
Change: 0.01 0.02%
At 11.59am

Every dog has its day

Brent 44.77

Wa kena kasi goreng dulu

Funny some people here

My gut feeling - QA Yes

Perhaps good news are really coming.

Based in reply to bursa, production cost is rm55 as informed by seller i.e NOrth sabah shell.

good reading on alkaline-surfactant-polymer ASP eor technology; intended to be used for north sabah eor prior to sale as published in SHELL web

Lama betul tidor ini counter. Sekarang baru mau bangun

price down to get rid of contra players? For sumatec case, all are contra players. :)

tunggu 0.425 pun ok

Nak selamat better lari

this company is run by French idiots, goons and morons; and an Englishman, a german, a Korean and some Singaporeans. You need to kick the PETRONAS big boss first

just stay away from CSL and the rest listed here in bursa.

Excerpt From 2012 Financial Report - Chairman Statement

" As you may know, China Stationery turned in another profitable year for the year in review, raking in RM226.69(RMB465.49) million in net profit from RM964.67 million (RMB1.98 billion) in revenue. Earnings per share for the 12 month period was RM0.19 (RMB0.39).
While net profits were largely flat (up 0.17%), revenue strengthened by 11.6% quantum, when compared to the
corresponding 12 months a year earlier.
I am proud to say that China Stationery generated RM266.30 million (RMB562.41 million) in cash flow from operating
activities, which is commendable.
Our company as at end December last year had cash and bank balances amounting to RM894.67 million (RMB1.89
billion). On the other side of the balance sheet, China Stationary had RM25.76 million (RMB54.4 million) in short term
borrowings and negligible long term debt commitments.
To illustrate further our strength, China Stationery had shareholders’ funds amounting to RM1.22 billion or RMB2.58
billion.
It is thus apparent that our company is in the pink of health financially, and is likely to continue to grow in the current
year.
In 2012 among the key corporate exercises initiated was a cross shareholding with international stationary stalwarts
Pelikan International Corp Berhad (“Pelikan”)."

How things have changed within a year or so. Or you all have been conned?

company market cap now worth MYR 90+ million only

one penny stock.

with only about USD150M fund, CLIQ could probably having trouble finding good asset to acquire within budget. Warrants conversion will give them another USD90+ million. They got to raise more fund from strategic investors or borrow bank money to fund acquisition. With current oil price, lousy producing assets also expansive.

SONA and CLIQ are not very good in dissemination vital business information and strategic details on their business planning. All in the web site are very general.

SC better investigate SONA for possible insider trading due to such price movement.

..before going up again before the meeting.

selling pressure will continue.....

SONA need to provide more details on financing the deal, cash flow projection post-deal,
development initiatives, blah, blah, blah. On the surface, the deal "look" not so good. I believed if the already "get" majority shareholders agreement (to agree during AGM/EGM) on the deal, no good reason to delay the AGM/EGM unless they haven't secured the majority votes for the deal.

G4/50 is a concession area.

Sona Salamander's Bualuang Deal

Block B8/38, current field -Bualuang
Estimated reserves 20MMboe
daily production 13,000 - 16,000 bpd (SONA portion 5.2K - 6.4K)

SONA to pay USD250mil for 40% stake in B8/38 and USD30mill for G4/50 shares (don't know how much is the stake? Maybe also 40%. Malas mau google. SONA promoter to google and inform)

Salamader will carry and pay the cost for 2 exploration wells. If commercially discovery, SONA will pay another up to USD 15mil

Bualuang production was stopped in Nov 2013 due to damage riser when hit by Rubicon Vantage FPSO during bad weather. Production has re-commenced is Feb 2104 after repair.

@skylte is right.

I am flooding the forum with information gather from Hibiscus Petroleum. Please read the details from the web site. I know some of you are stuck with paper loss. At least, with the information given, you know where whether to cut loss or keep hoping. :) smile

In April 2014 investor presentation, it mentioned Vestigo Petroleum .

"The ability of Rex Virtual Drilling™ (RVD) to directly identify liquid hydrocarbons on seismic combined with the extensive local E&P knowledge and experience of Vestigo Petroleum can be very powerful for enhancing understanding of these stranded resources".

Maybe they are working with Vestigo Petroleum (PETRONAS Carigali wholly owned subsidiary for marginal field development). This is just my kedai kopi conclusion based on the report.

@drmehran, based on my KEDAI KOPI, 1.90 range seems reasonable now. If block 50 can produce by early Q4, can be very interesting to see more interest into this counter. West sea horse first oil if I am not mistaken is in Q1 2015. Long term outlook is good if they can get the revenue as early as possible. I have yet to see HIREX committing anything yet. Maybe still evaluating kut.

Based on the investor presentation, one of HIREX strategy is to " HiRex aims to deploy these technologies in return for equity in exploration and development concessions."

All the information I given you all are from the latest investor report except about the early production system best effort which I googled.

Based on previous project experience by other company, first production using early production system can be achieved as early as in 6 months.

If the hibiscus management do what they say in the investor report, we should see Oman block 50 (first production target date based on early production system ?) and west seahorse in production mode by Q1 2015.

key point from announcement.

"Hibiscus expects the Kitan oil field to contribute significant net cash to the company in the second half of 2014. At current oil prices, this will allow Hibiscus to book its first operating profit in 2014."

skylte, I m ok. Just pity those who lost money.

it is ok to be pissed off, rather than being pissed on. Looks like someone has been pissed on. :) those in the Buy-very-high-and-cannot-sell-because-price-too-low kind of situation. pity

not a buy call as I have vested interest in this counter. :) smile...

upside potential outweighs downside risk; at this point in time