I believe since last week wednesday value has drop to 2.3, So today T+3 will not have huge force sell .

Strong Resistance , Once Break , Buying Signal is coming, another way, Strong Support / Fake Support once break , fall like no tomorrow...

Panic Seller T+3 from last Friday

No selling force, Tomorrow should have big purchase ... stay tune

eric_b7b what big wave ah yam tua ? can u describe?

How about those who buying at 0.065 and 0.060 last friday?? I think the volume is much more higher right

fiz83 @mohdahmad. i thought they sold earlier for profit

Tomorrow is T+3 for Friday Trades..... Force Sell on tomorrow.. I think.....................

was que to sell 0.07 this morning as I bough it 0.065... and I sold it back at 0.065 and looking for lower price. No purchase force, scary

Dont Panic, those seller are T+3 and repurchase at 0.07 ..... XD

Dont aim for instant profit, glotec is not a goreng counter, will take time to break all resistant.

Xinghe ktsk88 if I buy Glotec at 7.5 sen and it doesn't go up after buying it. Whereas if I buy Xinghe 1 sen cheaper but can get dividend. Which one is wiser choice?

Ya, Wait a year later when the Gas Drilled .So no more profit, the Value of the counter will drop back to 5cent.

richkid1 I prefer Xinghe at 6.5 sen that can give us dividend. 1932 if Glotec your only choice I would suggest wait at 5 sen or below 6 sen.

Posted by 1932 > Nov 23, 2015 10:11 AM | Report Abuse
so to buy 0.07 or hold until it drop further ?

23/11/2015 10:20

Seem like resistant at 0.075, I went in 0.065 last friday, luckily I was not hesitate

Its good news in the event that estimated oil to be found in australia

"The estimated prospective unrisked recoverable resources are between 8 and 15 million barrels of oil, with a good probability
of success. " as well as the award

On 21 July 2015, the Company announced that the drilling programme of well 2/11-11 on the Haribo prospect in PL616
was in the process of being completed by the operator, Edison Norge AS. The well was spudded on 21 June 2015 by the
semi-submersible rig Transocean Searcher in water depth of 70 metres, some 10 kilometres from the Valhall platform in the
southern part of the Norwegian North Sea. Drilling was stopped at 3,388 metres below sea level in the Upper Cretaceous
Hidra formation. The well was plugged and abandoned, as the targeted high porosity reworked chalk reservoir was not
found. However, the chalk sequence had zones with fair porosity albeit no permeability with traces of hydrocarbons. The
estimated post-tax cost of the Group’s net interest in the well is USD0.5 million. The license further contains two small
oil/gas discoveries in the northern part. Broadband 3D seismic has been reprocessed to evaluate the discoveries and
associated upside potential.
On 16 October 2015, the Company announced that Lime Norway will participate in the drilling of exploration well 16/1-25S
to clarify the extent and size of the Rolvsnes discovery in North Sea licence PL338C. The drilling of the well commenced
on 15 October 2015.


(g) Drilling activities in Australia
On 20 October 2015, the West Telesto drilling rig was handed over to Carnarvon Hibiscus. The spud date for the Carnarvon
Hibiscus operated Sea Lion-1 exploration well was 26 October 2015.
The overall Sea Lion exploration drilling program is expected to take up to 30 days. The Sea Lion prospect is located 6
kilometres from the West Seahorse field. In the event of a commercial discovery at Sea Lion, there exists potential for an
integrated development with West Seahorse, thereby materially reducing development and operating expenditure. The
estimated prospective unrisked recoverable resources are between 8 and 15 million barrels of oil, with a good probability
of success.



(h) Award of the South East Ras El Ush Concession in Egypt
Gulf Hibiscus has been awarded the South East Ras El Ush concession (“Block 2”) in Egypt by the Ganoub ElWadi
Petroleum Holding Company (“Ganope”), an entity of the Ministry of Petroleum, Arab Republic of Egypt (“Award of the
Concession”).
The award was made pursuant to the successful submission of a bid by Gulf Hibiscus, together with its partner, Pacific Oil
Limited (“Pacific Oil”), for a joint equal ownership of the concession.
Pacific Oil will be the operator of the concession, to leverage on its management team’s experience in Egypt. Block 2 is an
offshore exploration block located in the southern Gulf of Suez, the most prolific petroleum province in Egypt. The block
covers an area of 68 square kilometres with water depth of up to 75 metres, and is surrounded by development leases.
Block 2 also contains the discovered West Ashrafi field, which is included in the above Award of the Concession, and may
be developed with a production tie-in to the nearby existing onshore infrastructures. Two wells previously drilled in the
West Ashrafi field had tested commercial oil and gas.
The award is subject to the execution of a definitive agreement. Gulf Hibiscus’ financial exposure to undertake the
minimum work commitment is estimated to be approximately USD8 million (equivalent to approximately RM30.3 million)
over the first 4 years (first exploration phase).

Tomorrow should have big force purchase on this counter.

Annual Report came out... go read

Hibiscus Petroleum statement issued Tuesday said the sea lion 1 exploration wells have been completed , six are not found by the oil exploration area , the results disappointing, also announced the acquisition of Australia HYDRA energy inversion , whereby the Group additional 1 one thousand 5000000-1 2,700 barrels of crude oil reserves .

dexeric, not really, as some1 buying and some1 selling.... Sell Force happen when everyone are selling [to que to buy] and no people buying from [que to sell].

dexeric, your english understanding has problem? they are talking about sell force, not force sell...

supergeng, would be difficult climb to 0.20 but still potential to up, take your own risk

seem like some1 need to jump from KLCC...

interesting day, opened 0.04 , highest 0.07; its 80% up, nearly 100% target closing @ 0.07