KLSE (MYR): HIBISCS (5199)
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Last Price
2.54
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Ann. Date | Date | Type | Name | Title | View |
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Well the share buyback announced by the company has been sporadic with no direction. When the share price shoot up, they buy it at high price 2.65 but when the price drop they stop buying ???
1 month ago
Very volatile this oil market ..
https://www.reuters.com/business/energy/oil-prices-ease-us-crude-stock-build-fuels-demand-fears-2024-02-29/
4 weeks ago
at curent brent price, Hibiscus is at least making 400-450 million every year, making Hibiscus a company with PE less than 5.2???
3 weeks ago
You think the red sea attack will stop? israel and palestine has been at war for decades..you think israel can erdicate hamas that easily..hamas is an idea..not a group of radicals ..you cant destroy an idea..unless israel kills all palestian..there will always be another hamas to fight israel ..israel is a thorn in the middle east..at least at the eyes of the arabic world..their common enemy is israel even though arab countries are not united..its because of USA..arab world just let israel be..so houthi will continue to shoot ships that sail that red sea strip cos usa and uk has alr attacked them..so now its houthi agenda is not just palestine ...they are also at war with usa and uk too with iran strongly backing them..things wont go back to normal..oil price and freight charges will remain high..unless opec and usa both of them ramp up the production non stop..but opec wont allow that..
3 weeks ago
Long war on the red sea without a doubt...unless Israel promise to cease fire and admit Gaza is a country. Ha
3 weeks ago
Who's dumping hibiscus.. There's been quite a sell off of shares the last few trading sessions .. Don't quite get it as fundamentals are outstanding.. Wish Hibby would buy more shares and support longer term shareholders positions. .
3 weeks ago
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3427300
Reference is made to a disclosure made on 22 November 2023 (and further updated on 20 February 2024) in respect of an exploration drilling campaign (“campaign”) conducted by our indirect wholly owned subsidiary SEA Hibiscus Sdn Bhd (“SEA-H”). The campaign comprised a drilling program to drill 3 exploration wells, namely South Furious Ungu, South Furious Ungu ST and South Furious Merah to evaluate prospective Near Field exploration locations within the boundaries of the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract (“2011 PSC”).
The campaign initially kicked off at the South Furious Ungu well location on 29 October 2023 and later moved to the South Furious Merah location on 19 January 2024 after drilling the South Furious Ungu ST well. Whilst the drilling rig is still on location, it is expected to be released as soon as work is completed at the South Furious Merah site soon.
South Furious Ungu Well and South Furious Ungu ST Well
At the Ungu Prospect location, several samples of gas and one sample of oil were recovered. Subsequent laboratory analysis of the samples confirmed these preliminary findings. All the data collected through drilling operations at the Ungu Prospect location are currently being reviewed and after a more detailed interpretation will be developed to inform the relevant parties of the proposed next steps.
South Furious Merah Well
At the Merah drill location, evaluation and sampling efforts recovered one sample of gas. This sample has been sent for further laboratory analysis. Even though a sample of gas was recovered and brought to surface, our preliminary assessment is that hydrocarbon volumes seen in this well may not achieve commercially viable economic thresholds.
Rig: Next Steps
The Petro Vietnam-III drilling rig will soon be released for further drilling activity in Peninsula Malaysia with Hibiscus Malaysia Oil and Gas Limited.
Costs
Capital costs (net of tax to SEA-H) estimated for the Ungu wells are expected to be in the range RM54 million whilst capital cost estimates for the Merah well are expected to be in the range RM27 million. At this stage, we expect to write off the capital cost estimates of RM27 million for the Merah well in the Group’s financial statements for the quarter ending 31 March 2024. The treatment of the costs of the Ungu well in the financial statements will be ascertained upon confirming the final results from the Ungu well, and will be announced at the appropriate time. All capital costs were funded from internal resources and the costs associated with the campaign have been included in the SEA-H cost recovery bank.
All other operations are progressing smoothly.
This announcement is dated 1 March 2024.
3 weeks ago
Finally the bad news is out. And sharks can recollect the ticket cheaply, as hib SBB. Cheers! I'm back
3 weeks ago
Massive foreign sell recently... I think got chance to grab it below Rm2.50
3 weeks ago
how will this 27 million write off effect the overall performance? nothing much has been said about it! will it reflect on the next few QR? after all Hibiscus will need to absorb the cost !
3 weeks ago
I think there's more to cost of drilling but the asset which is the oilfield bought but not producing oil or gas. The management has failed to disclose sufficient for all shareholders that are clueless to this business. There have been selling before the announcement, I supposed some in the know are already benefiting from this, whether to buy back at lower price or to sell in advance.
3 weeks ago
Let's see if it will continue dropping tmr or not, then try to pick up some. Hehe
3 weeks ago
u r right, Apple4Oranges. The company buys back shares again 😆
https://klse.i3investor.com/web/insider/company/detail/I_77446_2539370998
2 weeks ago
This counter is at the mercy of the operator. WTI and Brent is near all time high for this year and yet Hibiscus doesn't reflect that
2 weeks ago
basically Hibiscus is building a base at 2.48-2.50...... so if you can get anything below 2.50, you will be able to make money during the CRUDE upcycle, otherwise if you are holding 2.70 better average down!
2 weeks ago
I humbly tell you… How to make money fast…
1. Become a rideshare driver. ...
2. Make deliveries. ...
3. Help others with simple, everyday tasks....
4. Pet sit. ...
5. Sell clothes and accessories online....
2 weeks ago
But Crude has been holding above 80usd, in case of ceasefire in GAZA, the price falls to 72-75, Hibiscus may drop to 2.41 level, so hold on to your bullets! I wonder what is everyone's average!
2 weeks ago
Bought around 95 cents before it did the share consolidation. I guess my average price now is RM2.37 ..
2 weeks ago
Oil prices jump after Ukraine strikes Russian oil refineries
https://www.cnbc.com/2024/03/13/oil-prices-rise-as-us-inventories-fall-ukraine-strikes-russian-refineries.html
2 weeks ago
Ignore price, as no one can control. Focus on production delivery and expansion. Looks like higher interest rate for longer maybe able to trigger a mild recession will be good for less exploration ie supply.
2 weeks ago
Oil is near 4 months high and US oil stocks share price is also at 4 months high. Yet Hibiscus didnt move. Really disappointed with this stock
1 week ago
LOL Brent is $86 highest since Nov 2023 and yet Hibiscus is in -ve territory today. Bravo!!
1 week ago
Apple4Oranges
Oil price has been sustaining at US 78 - 80 per barrel there and it is quite stable
1 month ago