Target: RM1.19, RM1.27 (time frame: 3-6 weeks)

1.09 wld b d new beginning of a new up swing

1.09 wld b d new beginning of a new up swing

Kill some IDSS

1.09 tis is more like it

Tis shd b bokendown to 10 announcements thn only Hibiscus price go up by 3 cent per announcement

Bursa investors


Hibiscus Petroleum aims to produce up to 12,000 bbl of oil per day by 2020

By Syahirah Syed Jaafar | 2018-12-04 14:31:31
PETALING JAYA (Dec 4): Hibiscus Petroleum Bhd said it is working towards achieving net production of between 10,000 and 12,000 barrels (bbl) of oil per day for both its Anasuria cluster and North Sabah Production Sharing Contract by the end of FY20.

The group is currently producing up to 9000 bbls per day for both, its managing director Dr Kenneth Pereira said.

For FY19, the company intends to deliver total oil production attributable to the group of about 2.7 to 3 million barrels of oil (mmbbls).

On capital expenditure, Pereira said the group will be spending close to RM200 million on the two fields for FY19.

"We will be spending about US$30 million this year on development at Anasuria, whereas we will spend about RM70 million for North Sabah," Pereira told reporters at a media briefing, after the group's annual general meeting earlier today.

As at Sept 30, 2018, the group has total cash balances of RM302 million and operates with no debt.

However Pereira said the group does not discount the possibility of debt or equity fundraising in the near future.

At noon close, shares of Hibiscus closed down 2 sen or 1.85% to RM1.06, for a market value of RM1.68 billion.

Door gift a mini oil rig

Bursa investors I c I shake head

Hibiscus shd not b too transparent

Must control news flow

Do tis

Increase in offtake every one time make announcement as a good news

Increase in production by 150 bpd make announcement as a good news

Increase in reserve by suspected 5000 barels make announcement as a good news

Increase in oil prices every time by 1 USD make announcement as a good news

Knn

Nid advice is it wrong for me to seek out d head of internal auditor to chit chat to see if I may get lucky?

Only problem for HIBISCUS now is Hibiscus now facing dumb market risk 
 
But investors mind u investors not traders wil come around n embrace HIBISCUS

Wat else to ask for?


Everthing is thr for d profits n growth


HIBISCUS has everthing going including being included into d priced MSCI

O ya precisely


Knn I asked for 6 in 4 quarters it is giving 10 (or 11)


Above expectation


Total offtakes in FY2019 are expected to rise to approximately 10 (or 11), compared to an average of four per year, previously

ran not updated

ran777rpt Orlando, Hibi in MSci??
03/12/2018 16:26

Hibiscus added to MSCI Global Small Cap Indexes – M+ Online
https://mplusonline.blog › Macquarie Warrants

MSCI MSCI MSCI MSCI MSCI MSCI MSCI MSCI MSCI

Now it is MSCI MSCI MSCI MSCI MSCI MSCI MSCI MSCI MSCI

long long long

IDSS RIP

Saudi n Putin hv signed agreement to jointly manage oil prices for whole 2019

Putin says wil respond quickily

Now in q

Buyers r stronger thn sellers

Sellers r small sellers

Buyers r big buyers

MSCI MSCI MSCI MSCI MSCI MSCI MSCI MSCI MSCI MSCI MSCI MSCI

Be on d long side

*funds

Of course always not forgetting inclusion into MSCI effect not yet kicked in

Institutional wil be in

Especially now oil prices oso friendly

U bot cos in anticipation of a very good QR

Now tat a very good QR is delivered u go n fold so early whr got meaning

Now tat an ACE of space is in hand u up ur ante not fold or pass

FOMO FOMO FOMO

IDSS RIP

Breakout as promised

Today annihilation of IDSS day

Breakout wil b fast n swift

IDSS has tried to whack it down to below 1.03 not successful

I say in progress

A breakout is in progress

Price wil b backed by results delivery n projections confirmation

Institution funds hv justifications to add

Noticed AGM tomorrow in old PJ Hilton not d brand new posh Sheraton hotel opposite

Ah Ken so kiam siap calculative

Very good for company

Once T+3 of those buy-for-good-results-to-make-a-fast-profit traders r cleared price wil gap up whn OPEC cut production n China US has cease fire

Cease fire DONE

Next OPEC cut production

The International Monetary Fund estimates Saudi's breakeven point at $88 a barrel for Brent oil, which is almost half of current levels.

U say Saudi wil cut or not cut?

After d dinner increase in sanguine

Next good news from OPEC+

DragonSai mana?

No interest anymore sold d?

Once T+3 of those buy-for-good-results-to-make-a-fast-profit traders like DragonSai r cleared Hibiscus wil gap up whn China US has cease fire n OPEC cut production

Bye bye DragonSai

Trump pointed to positive signs in trade talks, saying on Friday, "We're working very hard. If we could make a deal, that would be good. I think they want to. I think we'd like to."

G20 progressing well as at now Trump is having a massage now after flying for a couple of hours

He may tweet or may not tweet later

See tat 73,000 lots buy q at 1.05?

In few more days IDSS wil know it is a waste of time n leave Hibiscus alone

Once T+3 of those buy-for-good-results-to-make-a-fast-profit traders r cleared price wil gap up whn OPEC cut production n China US has cease fire

Remain sanguine of a trade deal n oil production cut n FED putting off rate increase n a better new Malaysia

Boring

Neither willing to long nor willing to short

Boring boring boring

Magis magis magis

Whr is d promised expose??

Sling d mud now bring out d skeletons now

Now

Now sidelined but whn buying started everybody wil chase high n panic buy

FOMO FOMO FOMO

So long ago I more recent bot whn oil prices making come back

Started 0.46 my lowest 0.39 buying all d way whn North Sabah in d pipeline

No not tat point is ur capex incurred in 1q19 n done

Tot got some barrels in 1q19 qtr ?