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Hibiscus Petroleum

 

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If you examine the above tables closely, you can see its revenue and profit growth in the last 5 years. Moreover, it has Rm 300 million cash.

Mr Ooi Teik Bee has calculated its production cost to be US$ 18 per barrel. Many shareholders who are not aware of its production cost of US$ 18, have been selling because petroleum price has been dropping. As the result, it has dropped from Rm 1.32 to bottom of 78 sen. In the last few weeks it has been going up to close at 89.5 sen and I have been buying its warrant WC.

 

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I am obliged to tell you that I have been buying and I do not need readers to buy to support the price because the daily volume is several tens of millions.

 

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