wow so lucky! ada limo driver hahaha

papaya juice!! happy to see you

very nosy those visit hibiscus forum

warrant holders are not shareholders, they do not have voting rights and also only shareholders getting the free warrants, good luck ev1, signing off

true true you can make extra money, congrats! just remember the mother shares need to move up, in order for you to get some money out of the warrants.

Quarel? whats that? are you referring to citytrader, I haven't the slightest idea his whereabouts LOL

papaya juice aka fortunebull, hru old friend? I hope life is treating you good!

Bird, There's nothing good about goodnight when it means goodbye :)

#as long mother shares up, all warrants up

free warrants, free of charge, you sell you make money, you keep till expiry date you can convert to shares, thats when shares dilution.

structured warrants you can buy not free, the expiry date shorter period. less than a year.

both types can make money as long the money shares price goes up

Orlandooil you bot 40 sen I both when its 20 sen several times, so please dont expect it to go down that low, that totally different time.

pls be informed starting 2-3-2018, the settlement for STOCK EXCHANGE OF THAILAND will be change from T3 to T2

ys my friend, don't worry too much about those here kacau kacau you, flag flag you, just focus on your investment plans and strategies

i think today more of MacQ day, so many new call and put index warrants out

it depends whether the investment community buys the idea

hmmm.. raya in malay, in english great, big, celebration

donovan's tp possible, dulu high 2.68

if the mother share moves higher, ofcourse!

wow, this CA easily achieve the in for the money status

Gong Xi Fa Chai! When someone sells a stock, it’s likely that they don’t see any future gains. Meanwhile, the buyer of that same stock obviously believes that the stock will gain in value. When comes to prediction, no one can predict the market, only god can :)

hey T, ntcu, whatsupp my friend? Long time no hear no see

By looking at the price movement, you should know oredi :P

High-priced stocks should do splitting

Samsung’s 50-to-1 share split announcement on South Korea’s Kospi at end-January, has had positive impact on the investor community. Before the proposed share split announcement, the conglomerate was trading at 2,495,000 won (RM9,084). Samsung’s share price, whose split is pending approval, should theoretically be 49,900 won after the split and adjustment.

Investors were long concerned about the high price of Samsung’s stock, which impeded liquidity on the Korean stock exchange, as most retail investors were not able to buy the stock. On Jan 31, the day after the announcement, the volume of trade surged by almost 427%. Between Feb 1 and 7, the counter averaged a volume of 485,000 shares, way above the 184,000 shares traded on Jan 24.

At Bursa Malaysia, there are several high-priced stocks which are also thinly traded. Most retail investors are not able to purchase the shares due to the high capital outlay. Some of these high-priced counters, with low liquidity, are Dutch Lady Milk Industries Bhd, Panasonic Manufacturing Malaysia Bhd and United Plantations Bhd.

Nestle Malaysia Bhd is the highest-priced counter on the local bourse, trading at above RM115 per share. British American Tobacco (Malaysia) Bhd is also highly priced (RM32.88 on Feb 13) but has good trading volume.

Strangely, the companies of some of these high-priced shares are not considering to undertake a share split. At least not yet. Share splits reduce the price of a stock and make it more accessible to retail investors.

Since a share split does not impact market capitalisation in terms of the total value of shares owned by shareholders, this should be good news for all investors. Retail investors would especially be happy to gain some exposure to these counters.

Perhaps, the regulators and the companies concerned can consider a share split as a requirement under listing rules to spur liquidity?

There has to be some way to force share splits in order to increase liquidity. After all, what is the point of being publicly listed when the shares are out of reach of the man-in-the-street?

FOCUSM

ty bird, duly noted!

I gotta feeling that this hibiscus can go above RM1 next week.

my hibiscus tp 1.50, but the banks seems to disagree, you can see their call warrants strike prices LOL

but can trade la, now not near expiry date, just pay close attention to the mother share movement, maybe cik babe tp RM2.00 can hit before december

call warrants tak bagi mother share, bagi cash :D

this only as an example

lets say 5 days average price RM10.00, the excersice price RM8.00, untung RM2. if the fact sheet says ratio 2:1 you divide the untung by 2 so 1

Oreo, the higher the risk the higher the profit, I think better don't touch if its like 1 month near expiry date, because you don't know whats going to happen with the mother share, just my opinion

yup sort of standard call warrant fact sheet, the calculation a bit complicated though, company's warrant more straight forward, but if you know how to use those warrants well, you can make a lot of money

that means that 5 day average must be above the exercise price

BUT CAN TRADE because now not near expiry

Cik Babe, my friend, you have got many admirers :) If you can hit your RM2.00 tp within the time frame, both IBs will give you cash :)

OK :D

great! is chris still around?

hi rchi nice to see u again! hows things?

hey hey friends, connie I'm fine, but very seldom here, once in the blue moon, gong xi fa cai!

top losers, the usual suspects, signing off

Hey hi there, ty for the wishes, happy holidays to you, hope you will have a fun filled days with your family, your welcome to post your thoughts on warrants and stocks

cik babe, ys! kcloh kasi you so many flags ROTFL

I have given her the link much much earlier, but usually on buying stocks she normally ask my opinion first since I handle her unit trusts investment :)

One of the guys in here, I'm sending you the link, check your phone.

Sure, np. Approval by admin.

How is the Contractor’s R/C (Revenue Over Cost) ratio determined for the 2011 North Sabah EOR PSC?

These specific commercial parameters relate to the North Sabah Production Sharing Contract. This type of information is strategic to Petronas’ effort to attract E&P (Exploration and Production) players and investors into the Malaysian oil and gas industry and these are bound by strict Confidentiality Agreements with the Malaysian oil industry regulators (PETRONAS).


19 January 2018

How does Hibiscus Petroleum prevent incidents like the 2010 Deepwater Horizon blowout, is the company adequately insured for such incidents? What sort of financial impact would it have on the balance sheet in the event of such incidents?

Generally, our assets are in a production mode and we constantly monitor the integrity of the assets and facilities that are part of our production systems. We also have in place reasonable levels of insurance cover consistent with the type of activities that are being undertaken. Nevertheless, the impact of such an event on the company’s balance sheet could be significant as it probably was with BP for the 2010 Deepwater Horizon incident. Hibiscus Petroleum operates our assets in accordance with a Safety Case which requires us to demonstrate that the risks of such events have been reduced to as low as reasonably practicable (ALARP). We also utilise reputable and industry tested contractors to undertake key operational activities.


22 January 2018

Brent Oil Price is currently at above USD60, if this trend continues throughout 2018, would Hibiscus have any plans to capitalise on this positive trend in oil price that can benefit the Group and the shareholders?

To date, the Group has not performed any hedging against movements in the price of oil for production from the Anasuria Cluster. The indications are that prices are stabilizing at the current time but geopolitical events could change the scenario dramatically. In putting in place a hedge, the Group must be confident of being able to deliver physical volumes of crude, at least equivalent to the volume hedged, on or about the time when the hedge contract becomes due in order that we do not take on financial exposure that could be detrimental to us. We will review our position from time to time and, in the event the Group participates in hedging contracts, we shall make the necessary disclosures.


24 November 2017

Could you please provide more background information to the announcement made to Bursa by Hibiscus on 8 December 2017 regarding the Investor Presentation slides from 3D Oil, such as the intent of this announcement and the relationship of Hibiscus to 3D Oil?

Hibiscus Petroleum, via its wholly-owned subsidiary, Oceania Hibiscus Sdn Bhd, has a 13% interest in 3D Oil Limited (3DO). 3DO is also a joint venture partner to the VIC/P57 exploration permit. More information on VIC/P57 can be found in the Company’s 2016/2017 Annual Report (at pages 30 and 145). As 3DO is an associate company of Hibiscus Petroleum, the disclosure is part of the Company’s efforts to continuously fulfil its governance obligations as a listed entity, and disseminate available information to its shareholders in a timely manner. For more information on 3D Oil Limited, please refer to their website at http://www.3doil.com.au/


10 December 2017


Is the Anasuria Cluster affected with the unplanned closure of the Forties Pipeline System?

Produced oil from the Anasuria Cluster is exported directly from the Anasuria FPSO via a tanker managed or charted by BP Oil International Limited (“BPOI”) while the gas production is exported through the Fulmar Pipeline System. Therefore, the Anasuria Cluster is not affected by the closure of the Forties Pipeline System as we do not export either oil or gas production via the Forties Pipeline System.


14 December 2017

Has Hibiscus been rated by any international credit rating agencies such as Moody’s and S&P?
Typically, the ratings by the credit rating agencies like Moody’s and S&P would be applicable to large-scale borrowers, including corporations and governments, with debt securities such as bonds in issue.At this point in time, credit ratings would not be relevant to Hibiscus Petroleum as it has no outstanding debt securities in issue.

21 November 2017

I am interested in working for Hibiscus Petroleum. Where should I send my resume to?
You may send your resume to hr@hibiscuspetroleum.com. The HR team will contact you if there are any suitable positions vacant

22 November 2017

According to the United Kingdom’s 2017 Autumn budget, the UK government will introduce tax changes from Nov 2018 to encourage new entrants and fresh investments into the mature fields of the UK Continental Shelf in the North Sea. Will this have any impact to Hibiscus Petroleum?
The announcements in United Kingdom’s recent 2017 Autumn Budget relating to the oil and gas industry apply to deals that complete on or after 1 November 2018, and have no impact on the Group’s investment in the Anasuria Cluster. They may be of relevance if the Group decides to invest in other oil and gas asset(s) in the United Kingdom in the future, upon which we will be seeking the appropriate advice from our tax consultants.Whilst we do not directly benefit this time around, we are encouraged that the UK government remains committed towards making the North Sea a more competitive destination for investment in oil and gas activities.


24 November 2017

In the circular to shareholder dated 20th January 2016, it is mentioned that part of the fund raising for the purchase of Anasuria is through sale of call options to Britannic Trading Limited (BTL). Could you provide an update to the status?

In preparation for the completion of the Anasuria transaction, our company wished to have contingency funding available to mitigate our financial position in case of any unforeseen circumstances (unscheduled maintenance etc) which may have risen. Therefore, a funding package was net up with Britannic Trading Limited (BTL) (based on the sale of call option) for utilization within 60 days of completion of the Anasuria transaction if there was a requirement for emergency funding. BTL is a wholly owned subsidiary of BP Limited. As things turned out, this funding was not required and the facility lapsed. Hence, no call options were sold to BTC.

It should be noted that the entire purchase of consideration of Anasuria was paid for through:

- Placement of shares,

- Set-off of working capital adjustment with vendors, and

- Internal funds.

14 September 2017

It is understood that Hibiscus Petroleum currently produces crude oil via its asset Anasuria Cluster. Does Hibiscus also do crude oil trading?

Hibiscus Petroleum via its wholly owned subsidiary, Anasuria Hibiscus UK Ltd, has entered into a long-term marketing and offtake agreement for the sale of crude oil with BP Oil International Limited (“BPOI”). BPOI is a subsidiary of BP p.l.c.. It distributes and markets crude oil and deals with crude oil forwards and contracts. Using their global marketing network, BPOI identifies a potential customer for our oil, locks in a competitive price for the cargo and arranges the ‘lifting’ of the oil via tanker to the client refinery.In this manner, Hibiscus Petroleum sells the crude oil that it produces. Whilst the company may consider a position in the futures or options market to mitigate oil price risks, the company does not operate a crude oil futures trading business unit.For more information on Hibiscus Petroleum’s business and operations, kindly refer to the section “Management Discussion and Analysis” of the company’s 2017 Annual Report.

21 November 2017

In the purchase of 50% stake in Anasuria Cluster, Hibiscus incurred an introducer fee of US$6.0m, some 11.4% of the purchase price. Will there be a similar expense for North Sabah purchase and if so, what will be the quantum like?
An introducer fee was paid for the Anasuria project as this project was initially identified by Ping Petroleum Ltd (Ping). Ping also introduced us to their in-country relationships that had been developed with the UK authorities, financiers, oil traders and technical partners. The initial due diligence on the project was also done by Ping.

Given that considerable value was achieved by Ping prior to our entry, a formula was developed for the introducer fee which eventually resulted in the sum paid on successful close of the transaction.

With respect to Sabah, all the ground work towards the bidding and conditional award of the asset has been done by various departments within Hibiscus Petroleum Berhad from the start. Thus, apart from due diligence and some financial cost (for deposit), no introducer fees of any form are due to third parties.

14 September 2017

Most analysts pegged Hibiscus's cost of debt around 5-7% and cost of equities around 10%-12%. Given that Hibiscus’s balance sheet is debt free with positive free cash flow, why choose to raise funds via equity fund raising which is more expensive? Is it difficult to get bank loans or is the interest charged prohibitive?

During the period mid 2014 until mid 2017, we have found it very difficult to access the debt markets. Malaysian banks were mostly interested in limiting their exposure only to their current oil and gas sector clients. Hence there was little interest for the banks to take us onboard as a new client in an industry sector where market sentiment was poor.

We also tried alternative sources of borrowings i.e. hedge funds, “special situations” funds but the cost of borrowings exceeded our estimated cost of equity.

Having said that, market sentiment towards oil and gas industry is improving with the stabilization of Brent oil prices above US$50 per bbl. Hence, Hibiscus Petroleum is currently in discussion with potential lenders to secure borrowing/loans for capital expenditure and working capital purposes. However, we are unable to disclose further information as we have signed confidentiality agreements with these potential lenders.

14 September 2017

Hibiscus had recently issued 62 million shares on 15/8/17. To whom were these placed to and what strategic advantages can they bring to the company?

The shares were placed to eligible third party investor(s) who fall within the criteria set out under Schedules 6 and 7 of the Capital Markets & Services Act, 2007. The First Tranche Placement to the Eligible Parties are listed as below:

Percentage of Shares Placed

Local Individuals: 9.68%

Local Corporates/Funds: 60.31%

Foreign Corporates/Funds: 30.01%

A total number of 62 million shares were placed.

The rationale for the Proposed Private Placement is as follows :

i. The Proposed Private Placement will enable the Group to raise funds mainly for working capital purposes more expeditiously and in a more cost-effective manner as opposed to other fund raising options via equity. For example, when compared to a rights issue, a rights issue is more time and cost consuming and may also financially burden the existing shareholders of the Company;

ii. The Proposed Private Placement is expected to strengthen the shareholders and capital base of the Group;

iii. The Proposed Private Placement will serve as additional source of funding for the Group without incurring interest expenses as compared to borrowings while the Group is considering alternative source of funding from financial institution(s) and other financing entities;

iv. The Proposed Private Placement will improve the liquidity and financial flexibility of the Group by strengthening its financial position; and

v. The Proposed Private Placement will enable the Group to raise added funds for its working capital purposes, which is expected to contribute positively to its earnings potential in the future.

One of the specific considerations in undertaking the Proposed Private Placement is the added value that the Proposed Private Placement potentially brings to the Group as it allows the Group to further strengthen its financial position in proceeding with its existing business operations (which include the maintenance and/or upgrading of existing assets), the completion of which enhances the value of both the business of the Group and the future monetisation of the projects/assets of the Group. The Group currently has no debt facilities and the near-term financial impact of the Proposed Private Placement would be to further strengthen the balance sheet and cash position of the Group.

14 August 2017

What is the status of the new share placement as proposed by Hibiscus? When is this new capital injection targeted to be completed?

Hibiscus had announced a proposed private placement of up to 10% of the existing issued ordinary share capital of the Company on 31 May 2017. Subsequently, on 1 June 2017, an additional listing application in connection with the proposed private placement was submitted to Bursa Malaysia Securities Berhad, which is currently pending approval. Upon receipt of the same and barring any unforeseen circumstances, the proposed private placement is expected to be completed by the 2nd half of 2017.

6 July 2017

Could you give an update on the remaining steps for closing the acquisition of the EOR North Sabah PSC? What is the expected date of completion? It was reported that Shell is checking the pre-approval conditions from Petronas, do you have an update on this?

We are bound by strict Confidentiality Agreements with the vendors (Sabah Shell Petroleum Company Limited and Shell Sabah Selatan Sdn Bhd) and the Malaysian oil industry regulators (PETRONAS) relating to progress on the North Sabah acquisition. We will only be permitted to make a disclosure when there is a material development and such disclosure would need to be approved by Shell and PETRONAS. As a listed entity on the Main Market of Bursa Malaysia Securities Berhad, the Company is required to make material disclosures in accordance with the Main Market Listing Requirements. Following the announcements made on 12 and 26 October 2016, and 29 May 2017, we wish to advise that further announcements will be made in due course, as may be appropriate.

20 July 2017

What is the status of the lease out of the rig as reported in the 3Q2017 report? Will the USD 10 mil pre-paid lease amount be potential income for Hibiscus?

In our 3Q2017 financial statements, Hibiscus Petroleum Berhad (‘Hibiscus’ or ‘the Company’) disclosed that it had entered into a ‘lease and leaseback’ arrangement with a third party charterer in respect of its rig, (i.e the Britannia). This disclosure was a repeat of a similar in nature disclosure made in Hibiscus’s annual audited financial statements issued in October 2016.

Whilst the structuring of the lease was such that the Company could elect to lease out the rig, at its option, on a long term basis for a prepaid lease amount of USD 10 million, this arrangement would have involved the Company pledging as a security the Britannia (as the lease rental was prepaid). At the time that we entered into this arrangement, the Company had not signed the conditional Sale and Purchase Agreement (‘SPA’) relating to the North Sabah transaction. Given that the Company has now signed the SPA, the Company may have alternative uses for the Britannia and thus we have, at this juncture, not elected to lease out (and lease back) the rig for any period of time.

In specific response to your queries:

Due to the fact that the Company may have an alternative internal application of the Britannia, we have not commenced the leasing of the rig and thus no prepaid lease rental has been received from the third party charterer. For the avoidance of doubt, we have also not provided the Britannia as collateral or as third party pledge to any party. Given this situation, there is no income associated with the leasing of the Britannia. Should we at any stage elect to pursue this arrangement with the third party charterer or any other party, we will make the necessary disclosures.

20 July 2017

Provision for taxation in the current quarter was almost 60% of PBT in the current quarter ended 31 March 2017 and has increased compared to the previous quarter. Please explain.

Income generated by Anasuria Hibiscus UK Limited via the sale of crude oil and gas from the Anasuria Cluster is subject to taxation in the United Kingdom. Such taxable income is subject to 30% corporation tax and 10% supplementary charge. The accounting profit (in this case, the profit before taxation) and taxable income can be different in certain reporting periods because of the differences in principles approved for financial reporting and tax filing. In addition, provision for taxation at the end of each accounting period is pro-rated based on latest available information of the total tax obligations for the full financial year.

14 June 2017
In relation to the 2011 North Sabah EOR PSC, can you provide any information such as the average daily production for the quarter ending March 2017, the average selling price for the quarter, and the cost of production of each barrel?

We are bound by strict Confidentiality Agreements with the vendors (Sabah Shell Petroleum Company Limited and Shell Sabah Selatan Sdn Bhd) and the Malaysian oil industry regulators (PETRONAS) relating to progress on the North Sabah acquisition. We will only be permitted to make a disclosure when there is a material development and such disclosure would need to be approved by Shell and PETRONAS.


As a listed entity on the Main Market of Bursa Malaysia Securities Berhad, the Company is required to make material disclosures in accordance with the Main Market Listing Requirements. Following the announcements made on 12 and 26 October 2016, we wish to advise that further announcements will be made in due course, as may be appropriate.

22 June 2017