Constrained production troubles at the Hibiscus Petroleum Anasuria FPSO are expected to continue well into 2022.
The Malaysia-headquartered operator said a “critical component” of its flagship UK production asset malfunctioned in April/May during turnaround season this year, which is yet to be repaired.
Hibiscus said engineering and procurement activities are being “fast-tracked” to replace the component, but until then the impact will be lower production rates from the Anasuria FPSO.
The issue is expected to be rectified in the third quarter of the 2022 financial calendar.
“Until the failed component is returned to service, we anticipate that there will be an impact on calendar year 2022 offtake volumes and OPEX per boe”, Hibiscus said in a statement.
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Dnex is at it again. This time they manage to trick everyone as though they have broken the RM1 resistance followed by sky being the limit. Now it may go back to 75c. I was very worried when I saw ex-PM's sister being appointed on board of Dnex. Please be very careful of this counter. The directors are not top notch personalities.
Note that DNeX will not require further material fund raising exercise as they have more than RM700mil in cash and bank balances as at December 2021.
The price action today is merely a panic selloff after a major dip in US indices (before recovery) yesterday.
Note that DNeX's expansion is to cater for high technology and high demand wafer chips built on 200mm wafers, including the revolutionary 180nm BCD Automotive Grade 0 chip that will be used in Foxconn's EV.
Based on trade statistics, during the second half session yesterday were local and foreign institutional investors while net sellers remained retailers.
arcadia,..... the major shareholder can sell dnex to retail market,......like they did to theta ,........if the price are good,....arcadia are not die hard bumi businessman,.....be cautious!.........
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mabel
24,519 posts
Posted by Mabel > 2022-01-24 17:52 | Report Abuse
Haha correction is good..
Opportunity to accumulate again..
Nice Volume..