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crude oil is still high at USD9x and still still within USD9x. Highest crude oil price for the past 10 years was in 2014 where oil price at that time surpassed USD11x barrel
Hahaha.. Kelvin.. I told you all already... Hibiscus has an oil well in North Sea England called Anasuria Cluster. That well has proved crude oil around 1bil barrel of oil equivalent. Hibiscus share that well with PING Petroleum. Ping Petroleum owned by DneX. 50-50. They can produced 30,000 barrel per day.. Hibiscus is worth your attention... Lets hope for the best. I wish us all the best.
Latest news. Russia is bluffing. They still at Ukraine borders. Now Russia has Belarus to support them. Tension remains high. US threatens to stop Russia LNG supply via pipelines to Germany. UK also threatens to stop receiving LNG from Russia. Economic sanction is slowly taking effect. Aluminium supply drops and etc.. This may takes weeks to resolve. Oil price will slowly creeping up to USD120. Petronas is planning to get more crude oil from 30bil untapped oil reserves in Malaysia. FYI.
hehh.. guys.. hibiscs qr already out yesterday. hibiscs meets market expectations. but there is more. i think hibiscs can make their first MYR1bil this June.
Keywords for the Quarter
1) PAT of MYR 48.5 million
2) Repsol Asset Acquisition completed and expected to triple the Group's net daily oil , gas and condensate production
3) Target to achieve production of 50000boe/day
4) Average up time of 95%
5) 10.91per bbl production cost
6) Final single tier dividend
7) RM689mil. of cash compared to previous quarter of RM177mil.
Earning from Anasuria field will only reflect in next quarter. Earning from Anasuria is 50% sharing with PING Petroleum. North Sabah Sea fields produce 98% crude oil.. North Sabah Sea is now Hibiscs cash cow with 700 mil on hand
