Overall, we believe we are on track to deliver our 2026 Mission of growing our net production to 35,000 – 50,000 boe/day and our 2P reserves to 100MMboe.
The Group produced an average 21,096 boe/day of net oil, condensate and gas in Q3 FY2024. Target 100% growth rate in two years time from now 21k boe/day to 35k-50k boe/day in year 2026!!!
Hibiscus NTA 3.77, ROE 15%, current share price 2.62, PB is sadly near 20% discount! I guess hibiscus is one of the worst share performance so far among those companies with good ROE, PB discount and share price below NTA!
Russia is going to further limit supply of oil and gas to European countries if NATO continue helping Ukraine against Russia. Gosh! Brent oil will fly to the roof!
China started military drills… Russia started tactical nuclear weapons… US is rather happy to see this as it will help US in return for hot money following back to US, the safest among all markets!
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
3,476 posts
Posted by James_Bond > 2024-05-21 15:34 | Report Abuse
Go go go hibiscus! Haha!