Hibiscus is an E&P co; exploration n production, while barakah is a service provider. Maybe becoming an e&p is their ultimate vision in a very long time.

Actually Hibiscus mgt is quite conservative and play safe.

after oman complete drilling and proven reserve declared, bunga price can range from rm 3 to 7. How do I know? guestimate. Petroleum engineers go to college for 4 years just to learn how to guess. making good guesses. hehehe

I think it will take some time for sona-w to reach 0.40. Even both start as SPAC, they have different strategies; even cliq has different strategy compare to sona. btw, what is important is YOUR investment strategy right. but then again, the biggest fish is always the one that slip away, and the best investment is the always the one never made.

then again, i could be wrong.

barakah portion is for the shallow water pipelaying works. estimated could be between 2- 2.5B.

All awarded to 3 announced. No more T/I for the next 3 years. EPCIC project still bidding.

some fund buy on market and additional off market deal with a bit of discount.

warrant holder have no voting rights.

A big fund is buying for keep.

5000+ at 2.70 wayang aje

Normal E&P: Seismic--->evaluate--->exploration well----->evaluate--->if commercially viable--->develop

Bunga Raya way: REX---->seismic---->REX---->exploration well---->evaluate---->if commercially viable---->develop

They are using REX to complement conventional. Claim better success rate. itu saje.

For masirah, all the seismic and exploration well data already available from previous owner. For new area, they still need to conduct seismic and confirmation by actually drill an exploration well.

this is beyond TA.

Hibiscusan ok. Jjgn hingusan sudah.;)

Contract kick off mtg pun sudah.

Ok for contra to make a little. They make stck trading more interesting.

So kira betul lah announcement tommorow.

the "if" macam betul jer...

:) bagi sakit hati yg pessimistic earlier.

7 weeks ago, if someone bought mother one million shares at 1.50 now a millionaire already.

Can take profit once reach ur target. Different people with different investment objective.

I m more excited about the technology that supplementing the conventional.

TD = target depth

Another 25% reaching TD

Let's say for the sake of discussion kedai kopi using "kedai kopi" valuation of the company based on asset approach. Let say the company have proven reserve of 50 million barrels of oil. Using USD 50 per barrel, the company has asset worth USD 2.5 Billion. let say we minus 500 million liabilities; so the net asset is 2 billion. Let say the outstanding shares is 1 billion. So the worth per share is USD 2. Then come one very rich man too lazy to start its own oil and gas business, and would rather buy an existing company. based on the asset valuation, he wants to buy the company for USD 2 per share. If all the majority shareholders agree for the offer, then everybody will get USD 2 per share.

Minority shareholders then complain to MSWG (minority shareholder watch group) because they are not getting a fair valuation of their stock because they bought at USD 2.5. hehehehe

To use nothing for decision is totally meaningless.

psd57: you know company with negative EPS does not have PE right? negative PE means nothing.

latest quarter EPS is negative. Using PE as sole base for investment decision does not make sense here.

Definition of 'Venture Capital'

Money provided by investors to startup firms and small businesses with perceived long-term growth potential. This is a very important source of funding for startups that do not have access to capital markets. It typically entails high risk for the investor, but it has the potential for above-average returns

consider yourself a venture capitalist.

question: how much you want to sell your company if you have a proven reserve of 200 million barrel?
answer: what is your offer?

as long as in PN17, only retail players and syndicates buy. Funds cannot enter and This is a cash only product.

Wanna play Alam? wait till T&I awarded to winning bidders cos Alam don't get any but fundamentally it business is good.

wanna play sumatec? Not now

Wanna bet on SPAC? Cliq better than Sona.

if you have extra dough, put masteel in your watchlist for a couple of months.

Also keep your eyes on THHeavy. They could bag a bag of sweet before year end. Timing wise? don't ask me. Just go long.

Technically already overbought. The trend is your friend until it bends. You can ride the trend if you're good at timing.

3.5? I don't have that capability. Depend very much on the proven reserve declared and market demand for the stock.

can also go long on barakah. Announcement still pending. Difficult to time when announcement.

target to let go some at 3.5. keep remaining until 5. Official drilling result still outstanding. Informal one maybe somebody already knew.

Go long on this.

don't forget barakah

mak 2.5. anak 2. maybe fund buying

posted in aug 2013-

e&p is a risky business with very great return. unit development cost and unit production cost can be between usd 1 to 10 per barrel while spot price can be usd 70-80 per barrel. development period can be between 1.5 year to 5 years before the oil reserve can monetised. once actual drilling is completed and reserve/asset is confirmed, fair value of the company can be as high as rm9/share (with the current Exploration areas and confirmed oil reserves). so, if you extra money to bet, why not? dont like the risk? keep in FD

dont put ur money in sona if expecting the price to rise in the next 2 -3 months. they have ample time to acquire and not in a hurry.

Hibiscus an E&P company. Barakah a service provider to E&P activities. Both upstream. Barakah does have some downstream works in gas procession plant and other downstream plants.

people are buying hopes that the acquisition will bring. nothing more. Time is the best protection against risks. Difficult to time the market for entry.

A LONG exciting ride. Bought ticket already?

Investors would like to know about proven reserves. STOOIP can be high. That will take some time. In the mean time, buy the ticket and to enjoy the ride; (if you the appetite for risks) :)

The level of education of a person can generally be assumed with great accuracy by the way he or she composes sentences. I could be wrong, but highly likely I could have at least more than 90% change of being right. Apologize if offended anybody.