Hibiscus Petroleum has received development and production works consent for a field development plan (FDP) for the Teal West field from the North Sea Transition Authority (NSTA) on August 1, 2023. The next stage after the FDP approval is the internal final investment decision, which if reached, would result in first oil from the Teal West field expected by late 2024/early 2025. - By PBB that gave RM1.18 as Hibiscus's TP
Ignore the market noise and focus on value investing, believing in the great hibiscus management team in bringing higher returns to company and shareholders. With the pricier crude oil, better dividends payout, new oil fields, hibiscus will be revalued! Cheers!
Could see many countries going to pump up development expenses…you could see construction shares and property shares moving up by new development etc… analyzing deep to the roots, this only will worsen the supply and demand of raw materials especially crude oil… buy hibiscus ticket and watch to show… it is getting more interesting… cheers!
This coming oil rally is a long pending rally that should happen in 2020 of which was thwarted by covid 19. And now it comes with a boost of voluntary oil cuts by the arabs in the coming months, what do you think will happen? Floodgates will be crashed open.
Wondering if hibiscus going to implement underground carbon dioxide storage consistent with Malaysia Energy Transformation Road Map. Hibiscus will rocket up to the moon soon once it is implemented. Grab the ticket and watch the show. Cheers!
There is no way that hibiscus should take such high risk of carbon capture business. Leave CO2 for oil major who greenwash their business and pretend to be new energy type is right thing to do.
Twynstar, thanks for info. I also have armada and investigated their co2 capture potential. I see it only as PR material. No business value. My personal opinion.
The Arabs is the King maker. Despite all so called slowdown in economy by various countries via July data record, the inevitable oil consumption surpasses all. We are still in OIL economy for sure. EV is but a baby now - will it reach adolescence is still a 50/50. Unless a sudden discovery of alien tech lvl efficiency. Until then - Oil is King.
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....
James_Bond
3,492 posts
Posted by James_Bond > 2023-08-02 16:34 | Report Abuse
Brent oil still holding strong above USD 85.25+!