http://www.theedgemarkets.com/my/article/near-term-boost-og-industry

PROJECT
PORTFOLIO
Hibiscus Petroleum’s vision is to become a respected and valuable independent oil and gas company with a focus on conventional upstream oil and gas resources. Our core mission is for the Company to achieve an average production of 10,000bbls/day and a 2P reserves base of 50 mmbbls of oil. Our strategic mission is to achieve a further 50 mmbbls of 2P reserves through acquisitions. We are a growing exploration and production company with focus on developing a balanced portfolio of oil and gas assets consisting of:

Producing assets which generate sufficient cash to fund our future exploration and development activities while creating a sustainable and growing business that does not have to seek additional funding from shareholders repeatedly. Interests in the Anasuria Cluster is the first of our material producing assets.

Development assets where discovered oil and gas reserves are monetised through field development and where we can execute our projects in a timely and cost effective manner. Subject to a Final Investment Decision, the West Seahorse field in Australia will be the first development project for Hibiscus Petroleum; and

Promising exploration permits that have a significant inventory of drillable prospects

Don't buy

Under the CPS, even without an oil price shock the global price of crude oil is projected to rise to $82 per barrel by 2020, $127/bbl by 2030, and $146/bbl by 2040

IEA Projects a 75% Increase In Oil Prices By 2020~~Not bad

Chinyue Tey you dream will come true don't listen to people who make noice here.

Long term big money

Tomorrow maybe will test 32.5 if Brent oil 53.

Don't buy if no confidence.

My TP. 0.325 brake this level 0.42

Did Hibiscus is worst then Vivocom?
http://www.thestar.com.my/business/business-news/2016/12/01/sc-and-bank-begin-probe-on-vivocom-research-report/

Big money for long term.

#OPEC has reached an agreement to cut its oil production by 1.2m b/d to 32.5m b/d at its ministerial meeting in Vienna -delegate bbg #OOTT

http://www.opec.org/opec_web/en/multimedia/349.htm
Live streem

Proposal Mln Oct Proposal Recent
Saudi Arabia 10.54 10.07
Iraq 4.58 4.37
Iran 3.797- 3.797
kuwait 2.92- 2.79
Venezuela 2.23 2.13
Nigeria 1.65 1.65
Angola 1.47 1.40
Algeria 1.09 1.04
Indonesia 0.73 0.70
Qatar 0.64 0.61
Ecuador 0.55 0.53
Libya 0.5 0.5
Gabon 0.21 0.20
Total Opec 33.99 32.73

http://www.news18.com/news/world/iraq-prime-minister-says-his-country-will-cut-oil-production-1317257.html

http://ir.chartnexus.com/hibiscuspetroleum/readnews.php?id=72883
(e) Cost of production per barrel



Unit production cost of RM55.10* per barrel as reported by the Sellers.



*from Q2 2016 Sabah Operations Committee Meeting slidepack

Hibiscus Petroleum completed the acquisition of a 50% stake in the Anasuria Cluster last March.

Pereira said the profitability of the Anasuria Cluster is evidenced by low average operating expenditure of about US$23 (RM93) per barrel against the selling price of US$40 (RM161) a barrel.

“Even though oil prices have been volatile, the company has developed a profitable and revenue generating asset within its portfolio with economic production currently estimated to continue for about 20 years,” he added.

Oil up . Big rally if Opec say yes to cut.

Listen to them watch video

http://www.hibiscuspetroleum.com/investor-presentation

If Opec cut price go up if Opec say no then the price will ting tong .029-030 hope not going down more then that.

above 0.325 is good sign for .042

look at the share price don't argue with the result.

We make money we happy. Even company make just 7m also consider profit.

where is the big guy is talking nut here about company earning? don't always think you are smart and other is stupid . We are stupid by holding this share but we happy with this. Please stop comment here any more.

http://www.investing.com/analysis/what's-crude-oil's-chart-saying-about-possible-opec-deal-200166085

Oil price up tomorrow share up maybe test 0.325 TP .40

OPEC Secretary-General Mohammed Barkindo and Iran's Oil Minister Bijan Zanganeh will meet in Tehran on Saturday to discuss issues linked to an upcoming OPEC meeting, the ministry's official website reported.
"Consultation about the topics of the OPEC ministers meeting in Vienna on November 30 ... as well as reviewing recent developments of the oil market will be the main topics of the discussions between Zanganeh and Barkindo in Tehran," SHANA said.

http://www.investing.com/analysis/what-us-worry-about-market-share-200165244

https://www.ft.com/content/6b97702c-ab68-11e6-9cb3-bb8207902122
Just Think what Saudi will do to bring price up.

oil at 100 USD at 80 now it 100...an increase of 25% ..greedy bulltard, they want strong USD and oil at 100$

Dollar index puts huge pressure on oil price but it is only temporarily because dollar index will go down to -100 very soon

B4b4 if you said because of dollar to strong, you know when trump enter office dollar will crash like hell. America full off debt, trump said no problem he can print money, so people like this idea can run the country? . Anyway this counter will look for better price soon. Myabe end of the month result will out.

I think this drop just technical nothing to worry even if today hibiscus down, wait for result. Some saying oil will go down again before going up, look like playing game on market. Some said Opec won't cut the oil, but bear market is start . Commodities also playing same game. Nothing any bad news so far and market run by sentiment only.

Hu hu then go for long term .

B4 b4 Hope some fruit tomorrow

If petronas can make more money why not this counter? So wait for the result.

http://www.thesundaily.my/news/2063223

So far this company doing well but the price still low if compare with other oil company.

I don't think so Russia dare to do this.

http://www.awdnews.com/top-news/president-putin-russia-will-bomb-saudi-arabia-back-to-the-stone-age-life-unless-riyadh-desists-from-supporting-terrorism

Oh ya today

B4b4 i think this is old story
Latest issued and paid up share capital after the above corporate proposal

In the following

Units : 1,402,538,991

Currency : Malaysian Ringgit (MYR) 14,025,389.910

Listing Date : 21/09/2016

Hope can absorbed

Bit worry about this if they throw

Yes in now

Look like something going to happen, maybe up maybe down. Support level .270

B4b4 what you said is correct just matter of time, maybe will start going up or down not sure but chart show to be caution if can break .275 is some sign.

B4b4 just advice out from market is the best for now, price for this counter will go down to new support level .23 and will play within .23-27. Not because this counter not good but because oil price will down to 35-40.

Monday latest. OPEC FAIL; Always has been failures, never in 10 years have they cut or made a deal, please don't think now is any different.