Nobody cares when anasuria actually have as high as 94% uptime with lowest Opex/bbl compare to last 4 quarters
Nobody cares north sabah have lower online time due to maintenance but still produce more net oil than last quarter.

So it is actually growing in term of its production...
Anyway, please sell la,
People just cant see the pearl hide under the dirt.lol

Lol.... First time? Hahahaha.
It just show how poor your understanding on hibiscus

https://www.youtube.com/watch?v=LmRL_fmIIwE&feature=youtu.be

Go and watch this webcast from hibiscus.
And how many listed company in msia actually doing this?

wao...i really amazed by people claiming that hibiscus did poorly because revenue drop by half.
Haha, really after the tide subside, then we know who is swimming naked.

@Dexeric, yes, agree actually it is kind of expected. But those who didnt read deep enough claiming that it is a QR bomb.

People just buy hibiscus but no deep understanding on it, lol. Okla, please sell tomorrow. I am ready to top up liao.

Pretty much expected la, yoy increase, qoq decrease. Increase opex for north sabah because of maintenance. Haiz, wonder why people can still say it is bad or good... All like that lo

wao, KLCI is powerful and marching to 1,700.
Hibiscus is in red even though oil price up 2.5% and market sentiment is good today.

Haha, what a stock.
Really tough for those retailers or those who play short term

All the best for those who are still holding hibiscus.

Those are retailer mind set, chase high and sell low. And hibiscus have too much retailers

John_Lee, agree where at someday some point, crude oil will be replaced with another energy source. But how soon? Only god knows and dont think in near future.

But he keep on posting the same comment/article where giving some vast description did not help at all. Even a broken clock will get its time right twice per day.

Comment with your point of view is ok, but keep on repeating the same comments with ill intention behind is really irritating.

Hmmm, if it is game over for crude oil then shouldn't u go and buy renewable energy company? Why still bother to comment ok ong company everyday?

Everyday repeat the same post....boring.... And now start cursing people somemore, lol...

U cannot still hope for miracle what everybody already aware of. Hibiscus need more timw to have 2 offtakes on anasuria or north sabah, but definitely not after previous quarter where offtake twice on both anasuria and north sabah

Upcoming quartter wont be that great la.... Only 1 offtakes on anasuria and 1 offtake on north sabah... Oil price drop to 55 somemore.... Expect can fly meh...

Wah, someone seems desperate to make hibiscus back to 70c. Lol, isnt that contradict when someone think oil will be replaced but still post on hobiscus everyday? Lol

wah....carimin TP Rm2.
Like that hibiscus also kalah liao. Ding dong ding dong below Rm1. haha

There's a delay on the selling price as reflected to the raw material price movement. Previous quarters LCTitan at lower margin due to higher raw material price.

So this coming quarter, selling price is mostly still maintain and thus margin believed to be improved due to lower raw material price.

Ah, sanction again...lol
Dont put too much hope la, remember how previous iran sanction end up with?

haha, i just saw the barakah on the top active list.
I didnt have any interest to join its party.

@DragonG, all the best for your strategy.
I didnt have the talent to time the market, so all my portfolio is for middle/long term.
But will sell if it become too hot, guess that's lesson learnt from hibiscus many time roller coaster.

Well, times will tell if it will works on hibiscus.
So far it i am ok with it as my initial price is 42c.

wao, barakah is hot today. 25% up already

@OrlandoOil, i think we know very well that the TA is manipulated by the big boy behind.
Always no up no down till everybody give up then only give it up kaw kaw, then throw kaw kaw again. And cycle repeats, lol

Lol, expect to earn money by just pure speculation is no difference than gambling at Genting.
Investment is based on own diligence, but not just follow blindly whoever is buying it.

Better use your time to understand hibiscus better rather than shouting here everyday.

lol, since koon buy then did u sold your house and maximize the margin to all in into hibiscus?

@Newbie8080, dpends on how you see the upcoming quarter result lo.
And i believe many "sifu" been sharing on this also

QOQ for sure will be lower due to lower oil price and fewer oil offtakes.
YOY should increase due to north sabah contribution.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6043273

Announcement on where 3D Oil found high possibily of oil on their field.
But hibiscus just own minor portion in it only...so not really a big thing to hibiscus

@teoct, Thanks a lot for the insight.

For cost recovery on the well development cost, 60usd is only revenue, net profits should be the one that considered.
St.Joseph expect to give max 2600 bbl/day (gross). So only 1300bbl allocated for hibiscus and we are assuming the best case here where 0% WC and well producing at peak rate. So the best is 1300 bbl at 65 USD/bbl (5bbl on top of 60usd due to higher grade labuan oil) produced for 180 days roughly give 61mil MYR.
By the way, agree with you where no point to focus on cost recovery actually. It will recovered within few years time.

Other than St.Joseph and Anasuria, there's extra capex for SF30 infill drilling straight after ST.Joseph infill drilling hence expected another 70mil MYR. First tranche payment for north sabah will drain another 20mil MYR which will happen on March.

@dexeric,agree with you that with low opex , hibiscus will still making earning even with brent price ~50ish.
Do aware though, with heavy capex this year, the cost per bbl should see some increase.
Cost per bbl of north sabah will no longer as low as 16 usd/bbl as before.

@newbie8080, I am no expert in predicting it when will it breakeven, as it involves a lot of calculation (production rate, production declination rate, realized oil price, maintenance cost, 1P/2P recovery etc etc) which all performed by petroleum economist and takes months of studying.
But one thing for sure is that the new well drilled will not recover the cost within 2019, as it only about 6 months to produce.
For longer term, i believe they can.

Deeply sorry, i was confused with previous quarter report that come out a bit late with I3. My bad.

@OrlandoOil, leverage is good at certain limit but not too much.
And i didnt say it is a total wrong moves for hibiscus management , it is just that it is a bit too aggressive from my point of view.

@Huat1, no matter how genius a person is, one will did some mistakes.
Hibiscus management is trustworthy, but not to the level of totally blind trust on everything they said.

@Dexeric, taking loan is not a bad moves actually.
But taking a big loan at one shot and if worst case having head win (oil price down) will become a double whammy to the business.

Look at the O&G company in malaysia, that's when taking huge loan to expand too fast but end up place themselves in a bad condition on having all their profits sucked by high financial cost.

@Newbie8080, hibiscus been have their impairment done last 2-3 quartes ago by taking advantage of the huge negative-goodwill.
So it has a pretty clean account book now. So dont think any major impairment anymore from hibiscus

@dreamConqueror, dont think hibiscus is planning to sell marigold and sunflower when oil price is high as this field is actually strategic to them as they can greatly reduce the development cost by linking it to anasuria thus further reduce the opex for marigold and sunflower.

And this is mere speculation on oil price will fly high, and it is a wrong mindset of an operator which should focus on expanding their own business.

At the end, i dont think sunflower and marigold is bad investment. Just that letting it idle and didnt develop it quick enough is basically no different that let your money sits in bank and allow its buying power to deteriorated due to inflation.

So i do hope they have plan to develop it soon enough to allow the cow to start producing milk but capex is what limiting them from doing so .

Marigold and sunflower are bought in discount for sure as the deal sealed off when oil price is not that good. But cash flow control is quite important as if expanding too fast with no good cash flow to back it up is a dangerous move.

Especially they seems no plan to develop marigold and sunflower soon as most capex will flowi into north sabah for perhaps few coming years.

Can they sell it back later for profit...hmmm, up to oil price and also marigold and sunflower is actually not that attractive to other operator as it is undeveloped and no production facilities for it. Good deal for hibiscus as it can link to anasuria which is not far from it.

i personally actually against the acquisition on marigold and sunflower, which too aggresive / fast pace. As should spent that money for developing north sabah and have it stabilize before further acquisition.

But well, it had been done and believed to have discount on acquiring them while crude price is still low.

@dexeric, Ah, ok. Fair point.
Then coming quarters should see borrowing increasing then.
Will be some minor pain ahead with higher financial cost, and they lost the title of "one of the few OG company that have net cash"

lol, then why dont u just go play golf as well rather than shouting here and there?

@dexeric, the capex will not be able to breakeven at short term but will be covered back in long term.
But which such high capex, it might cause hibiscus not showing profit for probably 1-2 quarters. And market might react badly to this.

@teoct, there's too many short term trader in hibiscus which hope for a quick profits.
By the way, would like to know your point of view on Hibicus upcoming capex :

Hibiscus will have pretty heavy capex up ahead 142.5mil for Saint Joseph 3 infill well drilling , 3 infill well for SF30 afterwards (didnt mention the exact cost, but believe is roughly the same of 142.5 mil)
So next year capex alone for north sabah will close to 300 mil MYR alone.

And also next few years will most likely to develop south furious will need another capex of 440million USD (around 1.8 billion Myr) and Barton infill drilling of 30million USD (120 m MYR).

What is your take on this? and how u would see on the extra gains by having all these capex spent?

http://klsescreener.com/v2/news/view/483092/oil-price-settles-down-2-on-slowed-global-growth-rising-supplies

Exactly, but the reuters article mention it worry that opec cut will cause price go lower.... Haha, really they can do anything to stop opec on controlling the oil price

Lol, the US oil prediction article really cannot pakai one. Concern of deeper production cut of russia and opec will drive oil price down.... Lol, what logic is that?

That is the reason why many get flushed out before earning anything from hibiscus. Big boy inside just too good on making retailer frustrated and give up

Ah... Looka like someone just broken apart on playing short term on hibiscus. All the best bro, hibiscus just not suitable type of atock for you.

lol, as expected, hibiscus back to open price liao.
Okla, it wont drop much as will not let IDSS to earn. Will locked at this price till closing

@tehka. not just last week. But it has been hibiscus normal style since long, haha.
Already been with hibiscus 2 years, morning hoo-haa, hoo-ha, then evening back to open price.

see, crawl back to open price liao.
Normal hibiscus style, that's why many not able to hold long. Coz it really testing your patience

This is just speculation, hoping others to buy....
Anyway, no more RM1 liao. haha. Dont try to wish for quick money here.
Big boy in hibiscus is no joke one

yes, expect to be better and just need to wait for few more day for the QR to come out.
And management been put a lot of focus in reducing operational cost. So expect coming margin will be improved further.

Most important point is that it is dirt cheap now

hmm...will see if hibiscus can hold at RM1.
Hibiscus always kuat on morning start then slowly crawl back to starting price.
See, now strong selling pressure liao.

Usually FPSO is sub-contracted to other ship provider (like bumi armada). But for anasuria case, not so sure as never mention the vessel is by who.
And agree on probability where fpso on anasuria is static most the time, usually control positioning with anchor. Ang high chance that it didnt even have engine where it will towed by tow boats.