Posted by mokluhanj21 > 2022-04-04 14:44 | Report Abuse

Great close to 1st quarter average prices of brent: Jan: $84bbl,Feb:$94bbl, Mar:$103bbl
With the new Repsol+ can't wait to see if the profits are per some of the calculations/ forecast here. Would be very interesting

Posted by GeneralXVIII > 2022-04-04 15:37 | Report Abuse

i guess someone knows something. right after quarter end, hibiscs is up 5% today whereas Brent has minimal to no movement today. hmm

Posted by kokchengkai > 2022-04-04 19:55 | Report Abuse

Jst count brent oil USD 90 , hibiscus sales how much n profit how much . u wan including repsol or dun wan including oso can... jst count for it.. one month Left QR come out i think they sell sum cargo of oil oledi ..

Posted by izoklse > 2022-04-05 09:28 | Report Abuse

with good fundamental and potential profit i think later even government investment arm also would interested to come and invest including khazanah, PNB, Tabung Haji and KWAP.

Posted by Windy1974 > 2022-04-05 09:47 | Report Abuse

Let me be your fake technical guru for the day. Without volume, Hibiscus share price has shown resilient. If it breaks and close above 1.24, another new high is expected. Otherwise, sell when it closed below 1.11. A technical guru is like fortune teller. Can never can wrong. Always either/or

Posted by mokluhanj21 > 2022-04-05 10:14 | Report Abuse

@izoklse ahaha i think yes some institutionals would buy but PNB? low blow bro haha. kesian PNB team kena billion in impairment from Sapura, as well as loss transmission via Maybank and CIMB (which PNB is a major/ significant holder) haha

Posted by derrtan > 2022-04-05 22:14 | Report Abuse

natural gas price surge above USD6

Posted by stockraider > 2022-04-05 23:16 | Report Abuse

Hibiscus should consider making a hostile takeover of sapnrg at 6 sen loh

Posted by azmie67 > 2022-04-05 23:34 | Report Abuse

SAPRNG what??. Hibi shud consider their stake in SapOMV instead. They will embark on Jerun gas dev project next year. Jerun has a sizeable reserve. Rite now they are pure gas producer in Sar.

Posted by izoklse > 2022-04-06 07:21 | Report Abuse

Yeah i think so azmie67. SapuraOMV stake now look very attractive in the environment of high oil and gas price.

Posted by newbie8080 > 2022-04-06 09:50 | Report Abuse

I rather prefer they focus on the existing asset and provide dividend of 1 cent per quarter than continuing to look for other asset to acquire.

Posted by zhangzuode > 2022-04-06 10:51 | Report Abuse

With the excellent cash-flow, any opportunity should be looked at.

But these opportunities must meet the investing criteria outlined during the issuing of the CRPS back in 2019.

Posted by stockraider > 2022-04-06 11:40 | Report Abuse

Correct loh!

I think hibiscus savvy management will do a far better than the elite bumi management of sapnrg sitting on a fat salary mah!

Posted by izoklse > 4 hours ago | Report Abuse

Yeah i think so azmie67. SapuraOMV stake now look very attractive in the environment of high oil and gas price.

Posted by Phoebe > 2022-04-06 13:50 | Report Abuse

Go YouTube and search hibiscus petroleum. There is 2 analyst briefing by dr. Ken.
It will give u a damm good hint of hibiscus future.

Posted by zhangzuode > 2022-04-06 15:51 | Report Abuse

https://www.youtube.com/watch?v=CLQ6hpFJOkk

Posted by KingKong_Doll > 2022-04-06 23:23 | Report Abuse

Watch both the maybank and Xifu analyst briefing. The take away msg

Oil at $45, the ebitha is almost $200mil
Oil at $45, repsol generated $72 million cash.

So what is the ebitha and cash generated when the oil is at $100?? @_@
Also, gas has up by 15x as compare to last year? Ho seh liao......

Posted by KingKong_Doll > 2022-04-06 23:27 | Report Abuse

If oil continue to stay above $100 till end of the year, repsol acquisition is fully paid off. It is as if you bought a hse and 2 yrs rental, it fully paid off. By then if oil drop to $80 also doesn't matter la.....coz it is consider free a'dy. Mana mau cari ohh...

Posted by UPlanet > 2022-04-07 06:47 | Report Abuse

Omg!!! Today anymore miracle for Hibi to climb up despite of Brent oil down???

Posted by MonkeyStock > 2022-04-07 08:25 | Report Abuse

Where is Apple168? miss you already.
you always show up at these moment.

Posted by zhangzuode > 2022-04-07 09:37 | Report Abuse

Liverpool vs Man U - Liverpool according to Dr. Ken!

Posted by hoot9e996 > 2022-04-07 10:29 | Report Abuse

think problem is oil trades are in USD, other countries are trying to move away from petro-dollar oil trade.
no one knows what will happen when china buy in yuan and india in rupee
what will happen to the USD/barrel benchmark.
oil demand is there, the pricing issue is a bit problematic once oil supply countries deal outside USD

Posted by kakiminyak > 2022-04-07 11:38 | Report Abuse

hmmmm that would be interesting. Barter trade pun ada. Lagi pening kepala. Under the table also by Iran and now Russia.

Posted by 263263 > 2022-04-07 14:00 | Report Abuse

next quarter results very good earning, sit tight.

Posted by HuatlaiOnglai > 2022-04-07 15:37 | Report Abuse

Green Pentagon activated. This Bunga going to bloom!

Posted by Newbie_123 > 2022-04-07 15:38 | Report Abuse

all investors are sitting tight with high certainty HIB next QR will be tremendous unfortunately non-savvy retailers are dumping tickets based on daily Brent crude price. sad reality

Posted by HuatlaiOnglai > 2022-04-07 15:49 | Report Abuse

Like previous qtr run up. this time with higher contribution coming from repsol and significantly higher oil price.

Posted by suhaimi > 2022-04-07 16:31 | Report Abuse

red flower withered

Posted by twynstar > 2022-04-07 22:09 | Report Abuse

Important summaries (that I think) from these 2 videos :

Hibiscus Petroleum Berhad briefing
https://www.youtube.com/watch?v=CLQ6hpFJOkk&t=4s

Hibiscus Petroleum Bhd : Big Plays in Oil & Gas
https://www.youtube.com/watch?v=pbsVtesj1P4


1) The current crude oil cycle is quite different from the previous traditional cycles. Dr Ken is quite bullish about Brent price for next 2-3 years, average USD 80-110/bbl. He also predicted the Brent price will fall when the O & G midstream service companies start making huge profits.

2) Hibiscus is not selling crude oil everyday. Hibiscus sells crude oil by using offtake ( cargo). 1 offtake is equal to 250,000-300,000 barrels of oil. For 1 year, North Sabah will be able to produce 6-7 offtakes, Anasuria 4 offtakes, Kinabalu 4 -5 offtakes, PM3 CAA 4-5 offtakes. Total around 18-21 offtakes per year. In order to reduce the risk of volatility of Brent price, Hibiscus plans for co-loading with other partners. Hibiscus plans to reduce 1 offtake to around 100,000 barrels. So hibiscus can sell crude oil more frequently and even out the average realised selling price. For next few quarters, hibiscus might mention volume of sale in ‘barrel’, rather than in ‘offtake’.

3)PM3 CAA supplies natural gas to Malaysia and Vietnam everyday via pipelines. Hibiscus gets paid every month. The price of natural gas links to crude oil price, around USD 100/bbl equal to USD 6.7 /MMbtu, much lower than current UK Heren NBP Index Natural Gas price.

4) The conditions of Repsol assets are good. No need to add extra CAPEX such as maintenance of pipelines.

5) PM3 CAA license will expire by 2027. It is not difficult to extend the license, just keep spending reasonable CAPEX to maintain the asset in good condition. If hibiscus able to extend the license, this will help for further extra increment of 2P reserve.

6) UK is facing energy crisis. The UK government already invited the O & G companies ( including hibiscus) to their office, and asked them to accelerate their upstream projects in North Sea. The UK government will loosen the stringent of regulations. UK Hibiscus also received calls from banks, the bankers are willing to help the O & G companies now ( ? by supplying borrowings or issuing bonds). These will help hibiscus to convert 2C resource of Teal Weal and Marigold to 2P reserve by 2023, and might achieve first oil by 2024.

7) Project of converting 2C resource of North Sabah to 2P reserve also in progress, can be achieved in next 12 months

8) Hibiscus will not buy new assets in high oil price environment. But Dr Ken did mention that they might consider acquisition of special assets with special price in special circumstances even in an environment of high oil price. ( ?? SapuraOMV assets)

9) For malfunction of critical equipment in Anasuria from 2021, the problem will be solved by August 2022. Anasuria will be able to achieve normal production rate for 2QFY2023 (Oct-Dec 2022)

10) Mr Deepak Thakur, VP Economic and Business Planning, key person in valuation of Anasuria, North Sabah and Repsol assets acquisition, opined that with market cap of RM 2.3billions, current EV/EBITDA of hibiscus is around 3.5 only ( without adding Repsol assets) , undervalued if compared with other O&G companies. He also emphasized that as a value investor, the important metric in investing a stock is choosing a good management team :)

11) The government link funds start collecting hibiscus already

Posted by twynstar > 2022-04-07 22:11 | Report Abuse

Latest expected additional EBITDA from Repsol by Maybank

1) Full Year production rate : 15,000 boe/day
2) Annual Production : 5.5 million boe ( 2.75 MMbbl Oil & Condensate + 2.75 MMboe of Gas)
3) Assumed average Brent Price for full year : USD 100/bbl
4) Expected Gas Price : USD 6.6/kscf or USD 6.6/MMbtu
5) Expected Gas Price : USD 40/boe
6) Weighted average realised price : USD 70/boe
7) Expected full calendar year revenue at average USD 100/bbl Brent : USD 385millions
8) Expected full calendar year EBITDA from newly acquired assets at assumed average USD 100/bbl Brent assuming 50% EBITDA margin : USD 192 millions


Free Cashflow from Repsol CY2021 : USD 78 millions

Acquisition price of Repsol : USD 212.5millions

Yes, by the end of Dec 2022, these Repsol assets are considered FREE !!

Posted by OKU_2020 > 2022-04-08 00:09 | Report Abuse

Be careful now Brent Oil collapsed to USD 99...
Sweating liao

Posted by DragonG > 2022-04-08 09:10 | Report Abuse

@twynstar Good recap.
For a full 12 months the enlarged Hibiscus will produce and sell at least 8 million barrels of oil equivalents. Oil price should stay above USD80 for the next 3 years..... ..

Posted by DragonG > 2022-04-08 09:18 | Report Abuse

After 3 years Oil price may drop but Hibiscus will increase their production from Marigold ( first oil expect in 2024). As long they can maintain their cost should be fine.
Profit = (Production x Price) - Cost.

Posted by newbie8080 > 2022-04-08 09:40 | Report Abuse

Yeah, Repsol asset provide a good mix of Natural Gas and Crude oil.
Besides that, Natural Gas price seems to continue to rally with good justification as part of renewal energy.
Kudos to Hibiscus prudent management.

Posted by zhangzuode > 2022-04-08 09:54 | Report Abuse

Thank you twynstar for the summary, very pertinent.
DragonG, yes when price come down, more oil to sell - good timing.
For greenies - please read this: Thank you twynstar for the summary, very pertinent.
DragonG, yes when price come down, more oil to sell - good timing.
For greenies - please read this: https://www.zerohedge.com/energy/european-environmentalists-have-made-energy-independence-impossible
A proud and technical country - Germany, can make such mis-step on energy, sad really.

Posted by zhangzuode > 2022-04-08 10:21 | Report Abuse

https://www.zerohedge.com/commodities/goldman-warns-self-sustaining-physical-financial-deficit-doom-loop-looms-oil-prices

Posted by Nasrim > 2022-04-08 10:55 | Report Abuse

OIL bullish

Posted by Nasrim > 2022-04-08 10:55 | Report Abuse

OIL up..

Posted by GeneralXVIII > 2022-04-08 11:16 | Report Abuse

just sold my portion. the fact that the director just disposed off his shares near to a quarter end, means he knows something is going on in the company. anyways good luck and all the best

Posted by Windy1974 > 2022-04-08 11:37 | Report Abuse

Director selling could be a warning bell. But you gotta ask, who is he?
1. is he involved in daily operation?
This director is the son of late tan sri who is Dr. Mahatir's bagman in UK. He spends his time in UK not Malaysia. He has invested in Hibiscus since the beginning and still making loss. Hell i know why he is selling? Probably need to fund his 3rd or 4th mistresses??

Posted by GeneralXVIII > 2022-04-08 11:51 | Report Abuse

whoa there is no need to bash the director in such manner when i am just merely expressing my opinion, you dont even know him. anyways its good to have friends working in hibiscs :)

Posted by Windy1974 > 2022-04-08 11:53 | Report Abuse

You are assuming i don't know him

Posted by Windy1974 > 2022-04-08 12:00 | Report Abuse

https://www.malaysia-today.net/2017/08/08/mahathirs-buenos-aires-montevideo-hideout/

Posted by BeeNeutral > 2022-04-08 12:19 | Report Abuse

Accumulated a bit more at 1.20

Posted by hoot9e996 > 2022-04-08 12:22 | Report Abuse

oil touch below 100usd already share price still strong

Posted by GeneralXVIII > 2022-04-08 13:50 | Report Abuse

OH WOW YOU KNOW HIM SO WELL congratulations i dont give any F. enjoy your weekend

Posted by Newbie_123 > 2022-04-08 16:51 | Report Abuse

daily drops few cent is reflective of the brent crude price drops below 100. will continue to plummet now US & its allies are dipping into oil reserves and China lockdown expected to prolong

Posted by kahhoeng > 2022-04-08 18:25 | Report Abuse

hmm.... it's OK for Apple's and other products to raise prices every year but when it comes to commodities, prices should never rise cause it's having too much impact on people's daily lives.

Posted by OKU_2020 > 2022-04-08 23:06 | Report Abuse

Oil prices set for weekly collapse on stockpile releases

Posted by UPlanet > 2022-04-09 10:37 | Report Abuse

Stock piles going to release is only 120 million bbl. Russia daily production is 10.5million bbl, so stock piles release is only equivalent to 12days of Russia production!!! Is it enough to cover the losses volume if Russia production take two weeks leave???

Posted by zhangzuode > 2022-04-09 10:40 | Report Abuse

Climate changes is there, but is it the cause of warming: https://www.armstrongeconomics.com/research/climate-change/

Correlation is not necessary causation.