spoilers: cockroach, almufathal, ujang23, feel free to add..these are the people suddenly limit up suddenly limit down

cockroach, why is it a good news? no news out yet, insiders again?haha, spaculations again

cockroach is very funny, last week say 1.00, 0.80, now say good news..

i read somewhere the MNN1 , first well's potential reserve is only estimated to be less than 5% of total potential reserve? why a big hooha even got oil, weird

if rex technology is workable, but oil is hard to dig out, then it is related to lime as well, i cant think of any reasons that why rex is not suspended

rex owns lime, anything to do with lime , rex will be suspended as well mah, where got sense neh

big funds selling out

flowerpower is already 30 years in the market? now he say announcement on drilling result? how can major shareholder - REX not suspended, and HIBI- minority, get suspended? how could insiders from REX do not know more than HIBI's insider and sell the stock in advance? haha, but it could be possible, REX- Singapore, HIBI-malaysia, malaysia boleh, singapore -sell in advance, masuk lokap?

relax, REX is on T3 mode today...and what is 2%, it is a normal fluctation.. i am going for more positive news rather than negative, as it has nothing to do with OMAN..there are 50million shares of RCPS holders previously issued at 1.81 (correct me if I am wrong), so base is there, if not HIBISCUS could not raise new capital, nobody will take up from them, normally first tranche should be cheaper than second tranche, giving in between first and second, hibiscus has been obtaining new licenses from norway, and oman drilling has progress, in private equity terms, second tranche investors should not be cheaper than first, goodluck

those saying no oil, bitumen lar, oil sands la, water la.. shows that they have shallow knowledge of bursa itself and market sentiment, by looking at rex , it is obvious -nothing to do with OMAN..those are just flamers, ignore them

there are only 2 types of announcement.. 1. price fixing, 2. acquisition of production assets, they claimed end of this year to announce, lets see.. if 1. not so much buyers as price will be fixed above 1.81, 2. frenzy buy...probably limit up? all in all, congrates for those who buy last week?

the category is about :Listing Circular... so it is about the price-fixing RCPS stuff... maybe fix at RM2.10, thats all

rex did not suspend, nothing to do with oman lar

rex did not suspend, just wait then...might be bad news to explain the fall

suspended, good..limit uo show startsss

prc4, just believe yourself, i can see 2 things here... 1. rex didnt go down but up last week, 2. previous RCPS holders issued 1.81, if they want to fix price for new RCPS, old RCPS holders will be unhappy if is lower than 1.81, so anyhow, HIBISCUS will be higher than 1.81 in the long run, if you cut loss now, you will bear the pain

I dont need to reply you man , cause how you respond is just like a kid crying for milk,lol, u dont even know one barrel of oil is how many metric tonne, and i think u need more early childhood education for your maths man, can adk najib to subsidize for you if u want,haha..the fact that u duno oil sands are only exist in open pit and which api do oil sands surface just make me wanna laugh at you loud, cant u see nobody even bother to reply u, this is just a waste of my time to type this, please grow up boy

The star is a joke, where is the new spac?why investors sell hibi to buy new spac?if is this reason,why sona n cliq still standing, should be more smart to be able to write in the star ba

i know why ady, this is how it goes lar...

3 months ago, syndicate given a block , to push up the share price, then this MDL might be instructed to go n convert and sell the stocks on the way when hibiscus mother go up, so these syndicates was furious and they dump all their holdings to crash it as hibiscus internal management betrayed them... most likely the story goes like this haha

ya, but why extend the period? can just fix now?

your assumption on b) is not valid, because rex did not decrease but increase
c) justify because of the terms below, but why they extend the date? if they bring down the shares like this manner, who got guts to subscribe?

In relation to each New CRPS, a price to be fixed at a premium of up to
5% over the 5-day volume weighted average market price (“VWAMP”)
of the Hibiscus Petroleum Share on Bursa Securities immediately prior
to the Price Fixing Date or RM1.80, whichever is higher.

just read the ICPS conversion, new shares will be issued at minimum 1.80 , so dont think hibiscus management will let the price to collapse below that, if not they will have 0 subsriber for their shares, lesson learnt for them selling previous ICPS to bunch of crooks

anbz, before you talk crap, do some research first, so what if it is bitumen, bitumen is selling at $92 per barrel, any big difference? you should say if is water...think before you type lar..bash also need to use brain geh..LOL

Pls dont turn this forum into a bashing community, facts please,yes rex is using hibi money but so what, investors buy rex doesnt speculate its oil is it, do u mean, if lime found oil, rex gain 0 too? Ur assumption just doesnt make sense, and please show facts lor no point bashing hibiscus

Next 2 years no need to pay rental lah! Sure untong banyak for year 2014 n 2015.
Or they have to amend 2013 n 2012 annual accounts?

Chill la if oman no oil rex willbe badly hit as they hold 65pc, dont think the result will be so fast, just 25days, probably 3more weeks

dont need to worry lar, just sit on your shares, maybe it has been played up, but 1.80 is definitely a very cheap valuation..cant imagine they hit oil, could limit up everyday..now your risk is very low, no oil probably back to 1.50, remember they still have alot of norway/australia concession, and pending an acquisition of production asset

prc4wifefe, then explain why REX doesnt drop? why no panic selling in REX? haha, i think is one of the shareholder just simply sell down..and plus some rumours from forums here n there no oil lar, this lar that lar, dirty lar, but they didnt see REX still holding, I am still holding, guess gonna be a long term shareholder now...i think is partly cause by this 8,839,779 new CRPS shares lar, should have sold when they announced it on 16 DEC, the reason why they convert CRPS, could be to sell the shares only, but is ok, they convert at RM1.81, at this price no point selling and I think they had finished the selling too..just dont understand why the warrants moved faster than mother, maybe all these CRPS holders have warrants too

9,343,838.00 overpayment of rental for 24 months! Wow! That's 389,326 ringgit per month to Fairway Properties Sdn Bhd. Anyone know what the rental for? Calvin you got any info? Thanks.

This overpayment of rental may be the reason the CFO resigned by taking responsibility for the mistake. Anyway rich co isn't it?

Joyce Vasudevan (CFO)
+60 13 365 7835

You may call him up

I guess HIBISCUS need the money, but they also who sold their shares , now they have to extend the CRPS...

price drop like ... nobody wants the placement gua, the management should bare the responsibility for causing this fiasco, anyway is a good news...meaning they will support and push the price back up to make sure people subscribe to their CRPS...lets see what happen next week

HIBISCUS 3 major investments:
1. LIME petroleum (35%) -Rex owns 65% -Rex price did not go down
2. HIREX (41%) - JV with Rex - Name Hirex - HIBI AND REX so HIREX
3. 3D Oil (13%) - Listed in Australia

3D Oil and Rex did not go down, but go up past 3 days, while Hibiscus down 40% in 3 days..major reasons that I could think of:

1. Syndicate took a block 3 months ago, they sell like mad to pocket the money, probably agreement with some owners, why they sell? probably some owners betrayed them sell when these syndicates pushed up, and they became furious and sell down the shares

2. Nothing to do with Oman totally (given REX did not go down)

3. Nothing to do with Australia totally (given 3D oil went up)

4. Somebody in Hibiscus wanna resign? Something bad happened to their management?ie, accidents?

5. Overpriced value of HIBISCUS. True value has been played up? Did a research on E&P companies and once those companies matured into production , their valuation could be potentially $20/ barrels of oil. According to HIBISCUS's presentation slides (march 20) - you may download in their site, their risked best estimate recoverable resource stand at about 330 million barrels of reserve..unrisked is about 1200 million barrels, using risked, at current market cap of RM1.5 billion (assuming warrants are converted), their valuation is not even $2 per barrels. If you dont believe me, do a research on E&P companies, use their market cap devide by their total reserves, you may reach a value of $4-$6 per barrels.

6. Preference shareholders conversion above 1.80 and sell totally?

Feel free to provide your opinion, I am just a newbie in O&G, i duno much about drilling, but in terms of valuation point of view, I have done some research in E&P companies on their 2C reserves.

I am not sure the impact, but from the investors' presentation, Oman block 50 is owned 64% by LIME petroleum and Petrochi 36%. LIME petroleum is owned 35% by hibi and 65% by REX. If Oman is really get non commercially viable oil, then REX should be impacted the hardest, puzzled..

if one well is setback, why rex did not go down? flower power's assumption ? i believe is some foreign sellers, and some panic selling couple with force selling on margin account

they should just suspend this counter la..those people that park their shares in margin account sure kena next week

call up them lar..prospectus got dr kenneth 's phone number or not lol

if really no oil, why rex didnt go down? rex is major owner of lime, hibiscus minority, can hibiscus insiders move faster than rex insiders?

4days ago? u only commented yesterday wor, which account you are using? can reveal?

flowerpower also lose 40% his profit ady, he still can slurp? haha...now hibiscus layu ady

BUYYYYYYYYYYYYYYYYYYYYYYY nowwwwwww.... warrant showing premium sign..........

next target 1.90 then 1.60...dont buy better...gg.com

true value shown..lets see when warrant can go premium or discount again to determine we should buy or not

SC should question the drop man, DR kenneth is laughing all the way to tha bank now!

mother start to reflect true value... wait for next leg

TEACH? probably DR kenneth is saying.. teach you a lesson for trusting me! hahaha

warrant is a good indicator where price will be reflected..now lets wait for mom to reach 1.90

mother still green, and rex still green, why dont want son? this son too naughty is it?

The reason might be the syndicate plans to sell down and collect but alot of retailers fight them and eat their shares and they cant collect cheap. Thus further sell to make prople vommit back their shares to them..

If i am sharks i wont dispose in this manner,that is pure stupidity,slowly sell my stocks would be better than dumping 20 to 30pc lower?doesnt make sense to me