Posted by rattynz > 2022-01-25 12:26 | Report Abuse

Also read that OPEC+ is falling short on supply.. It can't ramp up to meet demand, especially Africa, as they've not maintained infrastructure investments (but I'd also guess neither does opec really want to ramp up..).. Oil at 100 anyone? All plays into Hibiscus's hands.. Waiting to harvest

Posted by kakiminyak > 2022-01-25 12:31 | Report Abuse

Looks like 2022 will be an eventful year for energy. Volatile for sure. Need to hang on to this wild beast. Hoping for the best. Got to go now. Cheers !!

Posted by twynstar > 2022-01-25 12:45 | Report Abuse

1) For CY2022, estimated net production oil and gas for Repsol assets is 17,364 boe/day

2) Estimated Opex/bbl for Repsol assets is around USD 17.83/bbl , which is almost same with North Sabah asset

3) For Q4FY2021, with average realised oil price at USD72.07 per bbl, margin of net profit for North Sabah was 23.0%

4) For Q1FY2022, with average realised oil price at of USD75.00 per barrel, margin of net profit for North Sabah was 24.3%

5) IEA revises up 2022 average oil price assumption to USD79.40 a barrel on Nov 2021

6) Let’s say, for CY2022, Repsol will produce 17,000 boe/d with average realised oil price at USD79.40 per bbl, with margin of net profit 20%

7) Revenue for CY2022 = 17000 x 365 x USD 79.40 x RM 4.1 = RM 2,020 millions

8) Net profit for CY2022 = RM 2,020m x 20% = RM 404millions

9) 50% of Repsol assets is natural gas, which is less profitable if compared with crude oil before the crazy spiking up natural gas price in Europe and Asia

10) It is safe to conclude that Repsol assets will increase net profit of Hibiscus around RM 300m to RM 400m for CY2022

11) It is also safe to predict North Sabah and Anasuria assets will generate net profit around RM 150m to RM 200m with average realised oil price at of USD79.40 per barrel for CY2022

12) The average price-to-earnings ratio (PER) for Oil and Gas industry in Malaysia is around 14 to 16. So what is the PER of Hibiscus for CY2022 ??



IEA revises up 2022 average oil price assumption to $79.40 a barrel

https://www.reuters.com/business/energy/iea-revises-up-2022-average-oil-price-assumption-7940-barrel-2021-11-16/

Posted by derrtan > 2022-01-25 15:12 | Report Abuse

but the sales of the repsol oil will not be reflected in the coming QR i guess

Posted by KingKong_Doll > 2022-01-25 15:39 | Report Abuse

Wah lau.....announce completion on repsol, drop some more ah?.....ini tak betui ni....

Posted by WannaBeTechAnalyst > 2022-01-25 15:47 | Report Abuse

"It will assume Repsol's role as operator for the assets, which are expected to yield earnings before interest, tax, depreciation and amortisation of $135 million next year, the company said"

Sources from: https://www.reuters.com/business/energy/malaysias-hibiscus-petroleum-buys-repsol-assets-enters-vietnam-market-2021-06-04/

Posted by kahhoeng > 2022-01-25 18:18 | Report Abuse

fainted, with this news and yet Hibiscus can't fly above 1.00? Guess will have to wait until the balance sheet + earning post acquisition to see Hibiscus flying, sigh, another 4 months wait...

Posted by kakiminyak > 2022-01-25 22:11 | Report Abuse

My friend, we have to think long term. I am hoping for good dividends, just like Pantech.

Posted by TheTruthHurt > 2022-01-25 23:21 | Report Abuse

Manipulation by IB's. Typical market. Lets wait & see the fruit from latest acquisition.

Posted by Boringguy > 2022-01-25 23:37 | Report Abuse

i believe Year 2022 will be good for oil and energy sector..all stock relate with oil&gas and energy should be in good position.. now the situation between Euro,US and Russia no stable..once the war start.. oil will maintain for 100 USD and above for long period liao.

Posted by Nepo > 2022-01-26 06:17 | Report Abuse

近5.2亿全购FIPC 大红花石油产量增三倍

大红花石油（HIBISCS，5199，主板能源股）宣布，子公司Peninsula Hibiscus私人有限公司成功以1.2365亿美元（约5.1785亿令吉），完全收购Fortuna International Petroleum Corporation （FIPC）的所有股权。

https://www.enanyang.my/node/456215

Posted by Nepo > 2022-01-26 08:04 | Report Abuse

Only use Usd 1.2365 millions to acquire Repsol asset instead of Usd 2.150 millions? That mean bought with discount. .wohoo!

Posted by KingKong_Doll > 2022-01-26 11:18 | Report Abuse

The above news betul or not? Where got so much discount......u ada betul ah?

Posted by derrtan > 2022-01-26 16:14 | Report Abuse

who can explain why such a poor performance???

Posted by kakiminyak > 2022-01-27 03:44 | Report Abuse

If you look at glove stocks they were also like that in first few months of 2020. Then suddenly explode. Hibiscus has the potential to reach $2 - $3.00 by year end. That is if crude price stays above $80. But if crude price goes to above $100 then gonna explode also.
At around 2011 when crude oil was at $120 there was speculation the price may go above $200. But it did not happen. Never know if it might happen this time around. Never say it is not possible. Anything also can happen. Only those who have nerves of steel and can hold will benefit. Others will sell too soon.

Posted by bullmarket1628 > 2022-01-27 06:16 |

Post removed.Why?

Posted by KingKong_Doll > 2022-01-27 08:52 | Report Abuse

Brent oil $88, Hibiscus 0.88c. Ini macam need to wait brent oil up to $120, oni hibiscus $1.20?
Ini macam tak betui leh......They only reason i can think of for this shitty performance might due to most of hibiscus asset exploration license expiring 5 to 10 yrs especially the repsol acqusition. So investor might worried it will not get renewed. But come to think of it, if it still yielding resonable output, I don't see why the gomen like malaysia and vietnam will not renew those license. It is no lost to them anyway. It just like leasehold houses. Usually it get renewed and of course you need to pay a chunk of it of the license renewal la....

Posted by rattynz > 2022-01-27 09:19 | Report Abuse

Now it's finally waking up.. Like a giant out of its slumber.. Fee fi fo fum

Posted by DragonG > 2022-01-27 09:22 | Report Abuse

Just hope there is no bad news coming from UK as decision by OGA should be by end of 2021.
So far no announcement on this.
1 good news + 1 bad news = ?

#In 2021, OGA had suspended review of the Field Development Plan (FDP) to develop the Marigold and Sunflower fields in the Central North Sea pending consideration of an alternative off-take solution for the area proposed Ithaca Energy Ltd (Ithaca)#.

Posted by bullmarket1628 > 2022-01-27 09:56 |

Post removed.Why?

Posted by birdparadise > 2022-01-27 10:07 |

Post removed.Why?

Posted by rattynz > 2022-01-27 10:12 | Report Abuse

That's looking at which of two options is more feasible for extraction.. I think that's definately going ahead.. Especially with uncertainty around energy supplies in Europe.. Marigold won't come online until end 23 at the earliest so no material effect to the business this year or next

Posted by birdparadise > 2022-01-27 10:12 |

Post removed.Why?

Posted by kakiminyak > 2022-01-27 10:18 | Report Abuse

Nice info rattynz, thank you.

Posted by damagpie > 2022-01-27 10:48 | Report Abuse

Seems theres a lot of confusion as to the "discount" to purchase price about USD78m. I was informed that this was a dividend paid out by Repsol for 2021 which was passed on to Hibiscus. Hibiscus really need to explain in detail how amazingly good this acquisition is.

Posted by cheeseburger > 2022-01-27 12:34 | Report Abuse

Hibiscus is moving to break $1.00.

Posted by apple168 > 2022-01-27 14:34 | Report Abuse

We sold the last batch… Thank you very much… Gong Xi Fatt Chai…

Posted by Tobby > 2022-01-27 15:07 | Report Abuse

The only stock that i have no intention to sell!

Posted by beatme > 2022-01-27 15:43 | Report Abuse

sold, gong xi fa chai!

Posted by smshahrom > 2022-01-27 15:46 | Report Abuse

no need sold la..still long journey

Posted by Jason2002 > 2022-01-27 15:52 | Report Abuse

sold all, many retailer stuck around RM1.00...good luck.

Posted by joryus4855 > 2022-01-27 15:59 | Report Abuse

last time I trapped at 0.91 around 2~3 month, finally run today at 0.96. Byebye

Posted by witan > 2022-01-27 15:59 | Report Abuse

Sold. Good luck to all

Posted by HuatlaiOnglai > 2022-01-27 16:15 | Report Abuse

Nice chart. Buy momentum continue to be strong in line with higher crude price and completed acquisitions. Here comes the energy theme. Ong Ah!

Posted by birdparadise > 2022-01-27 16:30 |

Post removed.Why?

Posted by izoklse > 2022-01-27 16:33 | Report Abuse

why jumpa minyak ker?

Posted by rr88 > 2022-01-27 16:33 | Report Abuse

Double top. Will go back to 0.70. Escape if u dont want to get hurt.

Posted by cheeseburger > 2022-01-27 16:44 | Report Abuse

good raise.

Posted by slts > 2022-01-27 16:49 | Report Abuse

over bot. vol too heavy. correction tmr to 0.90

Posted by rattynz > 2022-01-27 17:34 | Report Abuse

Watch it take off.. Selling way too soon

Posted by myongcc5 > 2022-01-27 18:23 | Report Abuse

Brent @ 90

Posted by BloomBloom > 2022-01-27 18:34 | Report Abuse

Believe oil will touch 100/barrel. Now still at 90/barrel. Share price still has some way to go up yet.

Posted by izoklse > 2022-01-27 18:39 | Report Abuse

let see how our little PETRONAS performance after chinese new year.

Posted by cheeseburger > 2022-01-27 19:11 | Report Abuse

just take note the oil price may just a short rise as US may release more oil to market to calm it down rather let it add fuel to the inflation crisis.

Posted by cheeseburger > 2022-01-27 20:19 | Report Abuse

timing is everything, there is never too late to buy or too early to sell. Never chase high. Chances are always there.
With CNY holiday around corner it is wise to sell now for profit and wait sideline.

Posted by lloydlim > 2022-01-27 20:31 | Report Abuse

Time to break new high! Uptrend towards 1.50!

Posted by Natasha > 2022-01-27 20:40 | Report Abuse

Tq Mr Kenneth and hibiscus management for the early CNY ang pow. If cross RM 1, I this year can close shop a'dy.

Posted by kahhoeng > 2022-01-27 21:29 | Report Abuse

I'm hoping for something between 1.30-1.80, possible?

Posted by nixonteh85 > 2022-01-28 01:11 | Report Abuse

well done,
collect limau berbakul-bakul

Posted by Titanium > 2022-01-28 04:30 | Report Abuse

If oil remains above 80, repsol aquisition could be fully paid off before end of this year. Refer to Aminvest report. Repsol stop clock was on 1st Jan 2021. From then on, whatever earning will be belong to hibiscus. If i understand it correctly, the final price Hibiscus pay for repsol asset is RM 138.7 by deducting the cash generated over the 1 year period. Meaning Repsol generated $75 million on the average of $65/barrel. Now oil is above $80/barrel. If it stays at this level, no need 1 year, fully paid off this asset. If that the case, this is damm good investment by Hibiscus management. Kudos to Hibiscus management

"The finalised purchase price for Repsol’s assets has been lowered by 35% from US$212.5mil to US$138.7mil cash from the distribution of dividends from cash flows of the acquiree since January last year, net of time value adjustments. We note that the finalised price is at a slight 2% below our earlier assumption as guided by management."

https://klse.i3investor.com/blogs/AmInvestResearch/2022-01-26-story-h1597538309-Hibiscus_Petroleum_Transformative_growth_and_Repsol_assets.jsp