Posted by TTRR > 2012-05-17 20:45 | Report Abuse

LOL...

So hibiscus is not SPAC anymore.


HIBISCUS PETROLEUM BERHAD (“HIBISCUS PETROLEUM” OR THE “COMPANY”)
Sector Classification on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”)
_________________________________________________________________________________

We refer to the announcement dated 18 April 2012 in respect of the completion of the acquisition of Hibiscus Petroleum’s 35% equity interest in Lime Petroleum Plc.

We confirm that upon completion of the Lime Acquisition, Hibiscus Petroleum had transformed from a Special Purpose Acquisition Company into a fully operating oil and gas exploration and production company listed on Bursa Malaysia’s Main Market.


Hibiscus Petroleum had made an application to Bursa Malaysia on 23 April 2012 to reclassify our Company from the SPAC category to a more suitable category to reflect our status as a fully operating public listed company.

The sector categorization is pending a final decision from Bursa Malaysia.

This announcement is dated 16 May 2012.

Posted by thunder_storm > 2012-05-17 21:42 | Report Abuse

so means? price still the same. too much O&G in KLCI. all counters will surge when talk about involvement or potential involvement in O&G. but then will drop back....

Posted by zack_liza > 2012-06-29 10:40 | Report Abuse

can fly RM1.20 again..now steady above RM1.00

Posted by laxlav > 2012-06-29 10:51 | Report Abuse

hi zack_liza wish to thank you for recommending to buy mbfwarants
a week ago made some money and hope this time too you are right about
hibisc wa

Posted by zack_liza > 2012-06-29 12:20 | Report Abuse

Thanks follow my comment..u can see zack - liza comment for stock mbf wa,rubberex wa, biosis wa,misc, & MHB..

Posted by zack_liza > 2012-07-01 02:20 | Report Abuse

best buy warrant this week...buy b4 late...target RM1.20..

Posted by zack_liza > 2012-07-19 16:15 | Report Abuse

2 cents b4 reach my target RM1.20..today high RM1.18.

Posted by zack_liza > 2012-07-19 16:36 | Report Abuse

wow...enough TP RM1.20 for this warrant...don't greedy....

Posted by jtpc2006 > 2012-07-19 16:56 | Report Abuse

thanks zack_liza, made a very modest gain here, not greedy.
Pls do you have any more recommendations? tks again.

Posted by WWH33 > 2012-08-14 11:34 | Report Abuse

Suspended!!!!!!!!! Any news???

Posted by Flowerpower > 2012-08-14 23:19 | Report Abuse

Bought into company that has oil. Next step to produce oil. Now become an oil producer!

Posted by Voon Yong Hui > 2012-08-17 22:20 | Report Abuse

One week gain totally wipe out in one day...

Posted by Ismail Abdullah > 2012-08-29 13:42 | Report Abuse

I bought at 1.33,for how long have to wait?

Posted by zack_liza > 2012-08-29 13:49 | Report Abuse

buy back below RM1.10 for averaging down...too high (RM1.33) this price..now RM1.15 ..my TP just RM1.20..

Posted by Ismail Abdullah > 2012-09-03 15:45 | Report Abuse

Tq. Zack_Liza for ur advice.

Posted by warrior > 2012-12-22 17:01 | Report Abuse

bought 90,000 shares @ 1.02

Posted by Flowerpower > 2013-03-20 21:59 | Report Abuse

Moving up soon

Posted by necro > 2013-03-20 22:01 | Report Abuse

How u noe?

Posted by Flowerpower > 2013-03-23 12:45 | Report Abuse

Another positive announcement. Read The Star business today

Posted by derrickinvestor > 2013-07-26 17:04 | Report Abuse

which is better? Cliq Wa, Hibuscus Wa or Sauna WA?

Posted by jameslim > 2013-08-19 13:42 | Report Abuse

Positive news about Hibiscus on drilling contract. It's on the go. Brace yourselves for an estimated 160 million barrels of oil in one of their blocks : http://www.theedgemalaysia.com/business-news/250422-hibiscus-awards-drilling-contract-to-aban-.html

Posted by asoh > 2013-08-27 11:11 | Report Abuse

Still oil price downward...even Petronas worry....

Posted by asoh > 2013-09-04 09:45 | Report Abuse

SYDNEY (Reuters) - Asian stocks faltered on Wednesday, while oil and gold held on to overnight gains after President Barack Obama clinched the backing of two key figures in Congress in his drive for limited U.S. strikes on Syria. If strike, price up or down.....

Posted by asoh > 2013-09-04 12:29 | Report Abuse

If Hang Sang and Neikei steady up from red, does that mean Syria bombing not soon???. Then good for buying

Posted by asoh > 2013-09-05 15:10 | Report Abuse

G 20 meeting will have good news for economic & shares....

Posted by investtwise > 2013-09-19 16:54 | Report Abuse

fly fly.....

Posted by asoh > 2013-09-19 18:27 | Report Abuse

Oh yes have drill got oil can fly.....is it???.

Posted by zamsaham > 2013-09-19 18:51 | Report Abuse

No oil la, get free BLOCK.

Posted by asoh > 2013-09-19 19:02 | Report Abuse

Quite blurr here, how get free BLOCK benefit Hibiscus?.. Thats means that i misunderstood: got oil got BIG profit return.

Posted by asoh > 2013-09-20 09:17 | Report Abuse

Srike oil in Australia JV???. How true the news

Posted by asoh > 2013-09-20 10:14 | Report Abuse

If mother share TP 2.50, then warrant 2.02....hope 2 day..

Posted by Eddie Voon > 2013-09-20 11:39 | Report Abuse

Son normally will 10 - 20 sen less, meaning if mother 2.50, son maybe will be 1.80.

Posted by klse88 > 2013-09-20 12:41 | Report Abuse

Still can play?

Posted by prc4wifefe > 2013-09-20 14:49 | Report Abuse

WA is undervalue compare to mother price now. If mother is 2.00 WA at least 1.50...but limit up liao??!!...next week ler

Posted by asoh > 2013-09-20 15:13 | Report Abuse

Rumours...but good one....Thnks Happy88

Posted by asoh > 2013-09-20 15:46 | Report Abuse

oh yes could be just rumours http://www.theedgemalaysia.com/business-news/255356-hot-stock-hibiscus-shares-rises-as-high-as-294-on-talk-of-oil-find.html

Posted by asoh > 2013-09-20 16:09 | Report Abuse

Otherwise its limit up monday if out news

Posted by prc4wifefe > 2013-09-20 21:05 | Report Abuse

Even if mother share fall, WA still on-the-money.....but most likely people already smell the oil coming..so start buying now

Posted by asoh > 2013-09-21 08:38 | Report Abuse

US & European indices red, blue cip would slow down. hope this counter the target...

Posted by prc4wifefe > 2013-09-22 10:01 | Report Abuse

Bass Strait Oil Company Ltd (BAS) announced Friday that it has entered into a Collaboration Agreement with HIREX Petroleum Sdn Bhd. (HIREX). HIREX has access to proprietary evaluation technology that it will use as a means of determining whether HIREX will participate in specific BAS exploration opportunities in the Gippsland Basin, Australia. The Collaboration Agreement outlines the agreed forward principles for BAS and HIREX to apply to opportunities.

VIC/P42 (BAS: 100 percent)

The evaluation technology will initially be applied to an assessment of the Vic/P42 permit. Subject to government approval of a work program variation request, HIREX and BAS will work together over the next 3 months to reassess the prospectivity of the permit by integrating the new technology with conventional geological and geophysical data. HIREX may then commit to acquiring a 51 percent participating interest in the permit and the joint venture may commit to drilling an exploration well in the 2014/2015 period.

Posted by ktrader > 2013-09-22 10:10 | Report Abuse

I have a bit of mother and son...intend to top-up some more and then lock in a safe for medium term holding!

Posted by prc4wifefe > 2013-09-23 09:06 | Report Abuse

good thing is Hibiscus didnt deny anything...so there's something to the news. unlike Sumatec rumour, fake busibness times news...so they deny nd share plunge

Posted by asoh > 2013-09-23 09:27 | Report Abuse

Monitoring the 3 news,...one in middle east, Norway & Austrialia....which pop up will spur to limit again...gogogogo

Posted by sklyte > 2013-09-23 11:23 | Report Abuse

buy now for immediate TP RM2.50 end of October

Posted by asoh > 2013-09-23 11:30 | Report Abuse

Enter what price??.

Posted by Haomyname > 2013-09-23 12:22 | Report Abuse

Coming soon....

Posted by asoh > 2013-09-23 13:58 | Report Abuse

What coming soon haomy

Posted by Eddie Voon > 2013-09-23 14:11 | Report Abuse

RM2.50 october? Hmmmm

Posted by asoh > 2013-09-23 14:39 | Report Abuse

Mother should reach 2.50 earlier then the warrant. Of course the mother would be higher, and less warrant available since most were hold and convert. to mother share......

Posted by asoh > 2013-09-23 14:53 | Report Abuse

Better unload until mother share stable....few hrs to go then collect.....2morow see the moves...