bad luck bcoz always mock people here in i3 and still hve much to learn ______________ jessymna Must do the opposite of what apple168 preach lol 22/02/2021 2:46 PM
very commendable result... if oil price stay around 55-65-- earning will be fantastics. They manage keep the OPEX from 13- 23 per barrel oil in offshore play is commendable.
Hibiscus QR out! Declared dividends of 0.5 cents per share for the first time! This indicates the top management of hibiscus is very optimistic on hibiscus profits growth in year 2021!
Three crude oil offtakes were conducted in the North Sabah asset in the Current Quarter with a total of 870,874 bbls of oil, net to SEA Hibiscus, sold at an average oil price of USD39.91 per bbl. Under our fixed-price agreement with Trafigura, two offtakes totalling 500,000 bbls of oil were sold in the Current Quarter at an average price of USD35.00 per bbl. As a recap, to mitigate crude oil price volatility and ensure positive cashflow generation, we agreed in April 2020 to lock in sales of 750,000 bbls of oil to Trafigura at a fixed price of USD35.00 per bbl in the second half of Calendar Year 2020 (“CY2020”). The deliveries of the committed crude oil volumes have been completed, and as such subsequent offtakes will not be affected by this fixed pricing arrangement.
They still earn money although sell few offtake under Usd 40 . Now is USD 60 ... plx count wat wil happend in next qr
@kokchengkai That's a very good information from you. It shows that you studied the company prospect well. Thank you. I am sure HIBI will see RM1 in the next quarter.
If oil soars to usd100 as predicted by the big banks in Q3, HIBI will touch RM1. 50.
Three crude oil offtakes were conducted in the North Sabah asset in the Current Quarter with a total of 870,874 bbls of oil, net to SEA Hibiscus, sold at an average oil price of USD39.91 per bbl. Under our fixed-price agreement with Trafigura, two offtakes totalling 500,000 bbls of oil were sold in the Current Quarter at an average price of USD35.00 per bbl. As a recap, to mitigate crude oil price volatility and ensure positive cashflow generation, we agreed in April 2020 to lock in sales of 750,000 bbls of oil to Trafigura at a fixed price of USD35.00 per bbl in the second half of Calendar Year 2020 (“CY2020”). The deliveries of the committed crude oil volumes have been completed, and as such subsequent offtakes will not be affected by this fixed pricing arrangement.
Good start, to launch missile to RM3. Building up confidence of investors by giving dividends always proven to be realistic. hahaha celebrate the good rewards everyone! Except those sour grapes. kikikikiki..
Hibiscs sekarang makin confident so bagi dividend pertama kali dalam sejarah company. Masa depan mungkin boleh dapat lebih seperti di kata group chairman.
"As this marks our maiden dividend declaration, we have elected to be prudent but if oil prices maintain their upward trend, we hope that we are able to be more generous in the future," group chairman Zainul Rahim Mohd Zain said in a separate statement.
Semoga berjaya lebih lagi di masa depan. All supporters please show your trust and faith.
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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....
jessymna
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Posted by jessymna > 2021-02-22 14:46 | Report Abuse
Must do the opposite of what apple168 preach lol