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recently Metiz capital bought. 7 millio shares . Investors may not realize Increased oil production from North Sea Teal West and Brunei Fields. Hibis production cost low. Month end will see bumper profit from 11 mil boe production/ . Call Warrants C 92/93 worth to consider. PS - 2 Overseas companies signed intention to take a stake in this Company.
Steady lah, don't worry about the 170 level because Hibiscus got solid fundamentals to push way higher soon. Just hold tight and look at the big picture, this one got plenty of upside potential waiting for us.
Target is Rm 2.90 from increased Teal West Production and Brunei LGC. Present output is 82 million Barrels Oil Equivalent. Those ltd capital can try Call Wrts- C 92 or C 93, Expiring end Sept, with low premium. FYI, US Oil StockPile is also low.