【HIBISCS 5199 交流专区】木槿花石油

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 82,305,362 ORDINARY SHARES OF RM0.01 EACH IN HIBISCUS PETROLEUM REPRESENTING APPROXIMATELY 6.05% OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF HIBISCUS PETROLEUM ("PROPOSED PRIVATE PLACEMENT")
We refer to the announcements dated 9 August 2016, 12 August 2016 and 6 September 2016 in relation to the Proposed Private Placement (“Announcements”). All abbreviations and definitions used herein shall have the same meaning as the words and expressions defined in the Announcements, except where the context otherwise requires or where otherwise defined herein. On behalf of Hibiscus Petroleum, Kenanga IB is pleased to announce that the Company will implement the Proposed Private Placement in tranches and has on 13 September 2016 fixed the issue price of the first tranche Placement Shares (“1st Tranche Placement Shares”) at RM0.195 per Placement Share. The issue price of the 1st Tranche Placement Shares of RM0.195 represents a discount of approximately 1.12% from the five (5)-day VWAMP of Hibiscus Petroleum Shares up to and including 9 September 2016, being the market day immediately prior to the price fixing date, of RM0.1972 per Hibiscus Petroleum Share. This announcement is dated 13 September 2016.

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HIBISCUS PETROLEUM BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PLACEMENT OF UP TO 82,305,362 ORDINARY SHARES OF RM0.01 EACH IN HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM") REPRESENTING APPROXIMATELY 6.05% OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF HIBISCUS PETROLEUM
No. of shares issued under this corporate proposal	41,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1950
Par Value ($$)	Malaysian Ringgit (MYR)   0.010
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 Sep 2016

icy97

Type	Announcement
Subject	OTHERS
Description	HIBISCUS PETROLEUM BERHAD ("Hibiscus Petroleum" or "the Company")Clarification in relation to The Edge Malaysia Business and Investment Weekly publication for the period from 10-16 October 2016
The Company refers to the news article entitled “After Perisai, more O&G firms may be at risk” appearing in The Edge Malaysia weekly publication for the period from 10-16 October 2016  (“Edge Article”), and notes that the information contained in the Edge Article with regard to the Company is incorrect and misleading in several respects. Pursuant to Paragraphs 9.09(1) and 9.10(1) of Bursa Malaysia Securities Berhad’s Main Market Listing Requirements, this announcement is being issued to clarify and correct the errors and misleading aspects of the Edge Article in relation to the Company. The Company notes as follows with regard to the Edge Article: (a)   The only reference to the Company is contained in a row of information appearing in a table found in the article. (b)   The article states that its assessment of 33 companies was “as at the date of their latest financial reports” but does not clarify whether such “financial reports” refer to the actual full financial reports contained in the latest available audited accounts of the companies or the selected interim unaudited financial information contained in the latest quarterly reports of the companies, or other sources of various financial information. (c)   The article does not provide an appropriate explanation of the limitations of the Altman-Z scoring method (for example, that the method does not yield accurate or meaningful results when applied to companies that have just become revenue-generating/profitable) or that different variations of the method exist (for example, a different variation exists for non-manufacturing companies, privately owned companies and emerging market companies). (d)   The article does not clarify how, and which of, the particular Altman-Z scoring method variant was applied to the different companies reviewed. (e)   There are a number of clear factual inaccuracies in the article (for example, the current market capitalisation of the Company (as of 7 October 2016), is RM273.5 million, and not RM2,735.0 million as stated in the article). Further, the net cash position of the Company (as at 30 June 2016) was RM28.7 million, and not RM287 million. The Company wishes to highlight the correct tabular information (based on the Company’s latest unaudited quarterly financial report for the year ended 30 June 2016) below, according to the same row headings as per the Edge Article: The Edge Article Altman Z - Score (Times) Interest Coverage (%) Net Debt/ Equity (Times) Current Ratio (Times) Net Debt/ EBITDA (RM Mil) Market Cap (RM Mil) Total Debt (RM Mil) Net Debt (RM Mil) -1.8 -12.5 -4.9 0.4 NA      2,735.0                 -   -287.0 Company’s Actual Position (per Unaudited Quarterly Financial Report of 30 June 2016) Altman Z - Score (Times) Interest Coverage (Times)*** Net Debt/ Equity (%)*** Current Ratio (Times) Net Debt/ EBITDA (Times)*** Market Cap# (RM Mil) Total Debt (RM Mil) Net Debt** (RM Mil) NA NA      NA             0.40 NA 273.5                 -        -28.7 Notes : *    Finance cost per the quarterly financial report for the year ended 30 June 2016 has not been included in the calculation of interest coverage as it does not relate to any Hibiscus Petroleum Group debt. **   The Hibiscus Petroleum Group has no debt and is in a positive net cash position as at 30 June 2016. ***  In the table above the unit of measurement for each of these ratios has  been corrected based on the definition of each ratio: Interest Coverage is measured as  a multiple (Times), Net Debt / Equity is measured as a percentage (%) and Net Debt / EBITDA is measured as a multiple (Times). #       As at 7 October 2016. Among others, in view of the Hibiscus Petroleum Group’s position as a newly revenue-generating and profitable business, the application of the Altman-Z scoring method to the Company is neither appropriate nor meaningful especially as companies which have just recorded revenue/profits, regardless of their financial health, will score low due to the limitations of the scoring method.  In fact, such attempted application with a broad-brush approach is likely to yield highly skewed and inaccurate conclusions, which will be misleading in many respects. The Company hopes that future analysis by reporting publications will take into consideration all relevant factors involved, so that the conclusions reached (in their entirety) will be meaningful and not misleading. As reflected in its latest unaudited quarterly financial report, the Company is revenue generating, has a positive net cash position and does not have any debts. This announcement is dated 10 October 2016.

icy97

Type	Announcement
Subject	OTHERS
Description	Acquisition of new wholly-owned subsidiaries
Hibiscus Petroleum Berhad wishes to announce that it has, on 10 October 2016, acquired Pacific Hibiscus Sdn Bhd (1203926-U) (“Pacific Hibiscus”), a dormant shelf company incorporated in Malaysia under the Companies Act, 1965, with an authorised share capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each and a paid-up capital of RM2.00 from non-related parties. Pacific Hibiscus will be a wholly-owned subsidiary of Hibiscus Petroleum Berhad. Concurrently, Pacific Hibiscus has, on 10 October 2016, become the sole shareholder of Sea Hibiscus Sdn Bhd (1203923-X) (“Sea Hibiscus”), a dormant shelf company incorporated in Malaysia under the Companies Act, 1965, with an authorised share capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each and a paid-up capital of RM2.00 from non-related parties. Sea Hibiscus will be a wholly-owned subsidiary of Pacific Hibiscus. The principal activity of Pacific Hibiscus is an investment holding company and Sea Hibiscus is in the exploration and production of oil and gas. As at the date of this announcement, both entities are dormant companies. This announcement is dated 10 October 2016.

icy97

斥1.04亿获50%及经营权
大红花买蚬壳沙巴资产

2016年10月12日
（吉隆坡12日讯）大红花石油（HIBISCS，5199，主板工业产品股）以2500万美元（约1亿463万令吉），收购荷兰皇家蚬壳（Royal Dutch Shell）在沙巴北部提高石油产量生产共享合约（PSC）50%和共同经营权。

大红花石油的独资子公司SEA Hibiscus私人有限公司（SEA Hibiscus），今日与Sabah Shell Petroleum Company Limited（SSPC）和Shell Sabah Selatan私人有限公司（SSS）签署买卖协议。

根据文告，上述收购符合该集团的扩展策略，投资在已发展及营运的油气资产项目。在现今油价缓和的状况下，这些资产变得更廉宜。

此外，根据独立估值师报告，该油田日产1万600桶石油，预计已发展储备达6200万桶，并且有可能增至7900万桶。

PSC所持有的经营权至2040年，可促进大红花石油发展。

大红花石油也会拥有该项目的财务控制和决定权，可实行降低成本的措施。

另外，该PSC项目的伙伴是国家石油和国油勘探私人有限公司。

需国油放行

因此，签约双方必须在18个月内，获得国油和国油勘探的同意；董事部预计，将在明年次季完成收购，但该集团会从明年1月1日起，拥有上述股权和经营权。

大红花石油董事经理肯尼恩佩雷拉表示：“这项计划将大红花石油进化成油田开发后期经营者，为大马带来长期价值。”【e南洋】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR THE "COMPANY")PROPOSED ACQUISITION OF 50% PARTICIPATING INTERESTS UNDER THE 2011 NORTH SABAH ENHANCED OIL RECOVERY PRODUCTION SHARING CONTRACT (AS DEFINED HEREIN) BY SEA HIBISCUS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HIBISCUS PETROLEUM, FOR A TOTAL CASH CONSIDERATION OF USD25 MILLION (OR EQUIVALENT TO RM104.63 MILLION) ("PROPOSED ACQUISITION")
On behalf of the Board of Directors of Hibiscus Petroleum, the Company wishes to announce that on 12 October 2016, its indirect wholly-owned subsidiary, SEA Hibiscus Sdn Bhd, entered into a conditional sale and purchase agreement with Sabah Shell Petroleum Company Limited and Shell Sabah Selatan Sdn Bhd (collectively  the “Sellers”) to acquire the entire participating interests of the Sellers  in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract entered into between Petroliam Nasional Berhad, the Sellers and PETRONAS Carigali Sdn Bhd (“PCSB”)(“PSC”); and the joint operating agreement between the Sellers and PCSB in relation to the PSC. The details of the Proposed Acquisition are set out in the attachment. This announcement is dated 12 October 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5229821

Attachments Announcement_Proposed Acquisition_Final (12 October 2016).pdf

大红花石油斥逾亿 向蚬壳购沙巴4油田

经济新闻
24/10/201619:06
（吉隆坡24日讯）蚬壳炼油（马）有限公司（SHELL，4324，工业产品组）已达成协议，以2500万美元（1亿480万令吉）将2011北沙巴强化采油（EOR）生产共享合约（PSC）中的50％股权出售给大红花石油有限公司（HIBISCS，5199，工业产品组）间接子公司SEA大红花私人有限公司。

上述金额不包括完成后调整和偿还给蚬壳的债务。

目前，该生产共享合约的营运商包括；沙巴蚬壳石油有限公司（持股25％）、南沙巴蚬壳石油有限公司（25％）以及国油勘探私人有限公司（50％）。上述合约的资产包括纳闽原油输出码头，以及4座分别名为圣约瑟、South Furious、SF30和巴顿的沙巴岸外油田。

根据蚬壳和大红花石油在声明中指出，去年该油田每天总产量（以100％PSC为基础）平均为1万8000桶原油。

蚬壳说：“这项交易是我们对其上游产品组合进行检讨的一部分，重点关注于拥有或可以达到我们所要求的面积规模。”

与此同时，大红花石油称，上述PSC提供长期生产权直到2040年，并确定未来的发展机会。

大红花石油董事经理肯尼恩佩雷拉表示：“此次收购符合集团的增长策略、投资于有利可图的发展，以及提供业务运作在我们确定的感兴趣核心地理区域。它还使集团能够立即获得已探明和可能有的石油和天然气储备，并在未来具有潜在上升空间。”

该项交易预计将于2017年完成，并需要获得国家石油有限公司和国油勘探的批准。

此外，蚬壳在另一项声明中透露，马来西亚继续是该集团的首要经营地点。

蚬壳说：“我们在沙巴州的投资组合，主要是通过Gumusut-Kakap和Malikai等深海油气项目为马来西亚经济作出庞大贡献。我们将会继续带来显著的外国直接投资和技术转移到国内，以培养和发展本地的开采能力，以释放马来西亚的深海资源潜能。”【光华日报财经】

icy97

Type	Announcement
Subject	OTHERS
Description	Press Release - Hibiscus Petroleum To Acquire Shell's Interests And Operatorship In The North Sabah EOR PSC
We attach herewith our press release dated 12 October 2016 entitled "Hibiscus Petroleum To Acquire Shell’s Interests And Operatorship In The North Sabah EOR PSC ". This announcement is dated 12 October 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5229901

Attachments Press Release_Proposed Acquisition_12 October 2016 (Final).pdf

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-13102016-00002
Subject	PROPOSED ACQUISITION OF 50% PARTICIPATING INTERESTS UNDER THE 2011 NORTH SABAH ENHANCED OIL RECOVERY PRODUCTION SHARING CONTRACT BY SEA HIBISCUS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HIBISCUS PETROLEUM BERHAD, FOR A TOTAL CASH CONSIDERATION OF USD25 MILLION
Description	PROPOSED ACQUISITION OF 50% PARTICIPATING INTERESTS UNDER THE 2011 NORTH SABAH ENHANCED OIL RECOVERY PRODUCTION SHARING CONTRACT BY SEA HIBISCUS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HIBISCUS PETROLEUM BERHAD, FOR A TOTAL CASH CONSIDERATION OF USD25 MILLION
Query Letter Contents	We refer to your Company’s announcement dated 12 October 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1)      Background information on SEA Hibiscus Sdn Bhd, Sabah Shell Petroleum Company Limited and Shell Sabah Selatan Sdn Bhd. 2)      Salient terms of the Joint Operating Agreement in relation to the PSC. 3)      Risks and benefits attributable to the Interest. 4)      In relation to the 4 producing oil fields located in the South China Sea, off the coast of Sabah, please furnish the following additional information:- (a)   total area; (b)   age of oil field; (c)   first commercial production (in term of year); (d)   renewal term for the concession period; and (e)   cost of production per barrel; 5)      Further details explanation on the economic benefit to be derived that was used as the basis for the Purchase Consideration. 6)      Please also provide details as to how the Purchase Consideration is determined based on the available reserves as appraised by the independent technical valuer, RISC Operations Pty Ltd applicable to the Group’s 50% ownership in the interest. 7)      To provide the details of the adjustments and reimbursements to the Sellers, including but not limited to the nature and quantum of the interim period adjustment, cash call adjustment and reimbursement for the recoverable capital expenditure incurred as well as the specified prices of the annual average market oil price that will entitle the Sellers to the adjustments and reimbursements. 8)      Termination clauses in the event that there is default by the parties.
Reference is made to Hibiscus Petroleum Berhad’s (or the “Company”) announcement on 12 October 2016 (“Earlier Announcement”) and Bursa Malaysia Securities Berhad’s ("Bursa Securities") query letter dated 14 October 2016 reference number IQL-13102016-00002. Terms defined in the Earlier Announcement have the same meaning when used in this Announcement, unless otherwise stated. Further to the above, we set out our responses below : Background information on SEA Hibiscus, SSPC and SSS. (a) Information on SEA Hibiscus SEA Hibiscus was incorporated in Malaysia on 5 October 2016 under the Companies Act, 1965 (“Act”) as a private limited company. SEA Hibiscus was acquired by Pacific Hibiscus, a wholly-owned subsidiary of the Company, on 10 October 2016. The authorised share capital of SEA Hibiscus is RM400,000.00 comprising 400,000 ordinary shares of RM1.00 each. The issued and paid-up capital of SEA Hibiscus is RM2.00.   The principal activity of SEA Hibiscus is the exploration and production of oil and gas. (b)        Information on SSPC SSPC was incorporated in United Kingdom on 7 July 1938 as a private limited company. As at 17 October 2016, the authorised share capital of SSPC is 80,000,000.00 comprising 80,000,000 ordinary shares of Sterling 1.00 each in SSPC (“SSPC Shares”), of which Sterling 64,350,835.00 comprising 64,350,835 SSPC Shares have been issued and fully paid-up. The principal activity of SSPC is Exploration and Production of crude oil and gas in Malaysia. SSPC is a wholly-owned subsidiary of Royal Dutch Shell PLC. (c)         Information on SSS SSS was incorporated in Malaysia on 7 November 1991 under the Act as a private limited company. As at 17 October 2016, the authorised share capital of SSS is 610,000,000.00 comprising 9,000,000 Preference Shares and 601,000,000 ordinary shares of RM1.00 each in SSS (“SSS Shares”), of which RM   486,116,100.00 comprising 486,116,100 SSS Shares have been issued and fully paid-up. The principal activity of SSS is Exploration and Production of crude oil and natural gas. SSS is a wholly-owned subsidiary of Royal Dutch Shell PLC. 2. Salient terms of JOA in relation to the PSC. The Purchaser will on SPA Completion enter into a novation agreement with PCSB and the Sellers for the Purchaser to substitute for the Sellers under the JOA. Upon such novation, the JOA parties will be the Purchaser and PCSB. The JOA provides the contractual basis for governing the operations for the business of development and production of oil and gas in the 4 producing fields under the PSC. The JOA documents (a) the respective participating interests of the JOA parties  under the PSC, (b) the respective rights, benefits, obligations and liabilities (including meeting cash calls by the operator) of the JOA parties in accordance with their respective participating interests, (c) the decision making mechanism among the JOA parties through a joint management committee, (d) provisions for sole risk projects, (e) default and remedy provisions, and (f) the role, rights, obligations and liabilities of the operator (including issuing cash calls to the JOA parties). 3. Risks and benefits attributable to the Interest. Please refer to Sections 3 and 5 of the Earlier Announcement. 4. In relation to the 4 producing oil fields located in the South China Sea, off the coast of Sabah, please furnish the following additional information:- SJ SF SF 30 BT (a) Total area Not used during evaluation but available as field co-ordinates in the PSC (b) Age of oil field 1975 1974 1998 1976 (c) First commercial production (in term of year) 1981 1979 2001 1982 (d) Renewal term for the concession period; and PSC expires on 31 December 2040 (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 5. Further details explanation on the economic benefit to be derived that was used as the basis for the Purchase Consideration. The Purchase Consideration is derived using the Company’s internal economic evaluation of the asset. Inputs to the model are the reserves and production profiles provided by RISC Operations Pty Ltd and cost of operations, maintenance, and development determined by independent contractor Wood Group and the Company’s internal assessment. Detailed explanation of how the Company arrived at the basis for the Purchase Consideration requires disclosing information that is specific to the terms of the PSC. This information is considered highly confidential by PETRONAS. 6. Please also provide details as how the Purchase Consideration is determined based on the available reserves as appraised by the independent technical valuer, RISC Operations Pty Ltd applicable to the Group’s 50% ownership in the interest. Please refer to the response to Query 5. 7. To provide the details of the adjustments and reimbursements to the Sellers, including but not limited to the nature and quantum of the interim period adjustment, cash call adjustment and reimbursement for the recoverable capital expenditure incurred as well as the specified prices of the annual average market oil price that will entitle the Seller to the adjustments and reimbursements. The Initial Consideration will be adjusted as at Completion per the Audited PSC Statements from Effective Date to Completion which may be a positive or negative amount. The Sellers shall prepare in good faith and deliver to the Purchaser: A statement detailing cash payments and receipts made in relation to the legal and beneficial interests of the Sellers in the Interests (“Transferred Interests”) between the Effective Date and the Completion Date, identified inventory balances relating to the Transferred interests and the value of such inventory at cost and Provisional PSC Audit Adjustment recovered balances relating to periods prior to Effective Date  (“Interim Period Adjustment Statement”); A statement of expected post Completion Date payments to be paid directly by the Purchaser post Completion; and A statement of final tax written down values to be attributable to the Purchaser (“Completion Transferred Tax Written Down Values”). The Purchaser will also conditionally reimburse the Sellers over a period of 3 years from 2019 to 2021 for recoverable capital expenditure incurred by the Sellers as part of its executed work program but not yet recovered as of the Effective Date, subject to oil prices having reached certain thresholds. 8. Termination clauses in the event that there is default by the parties. If the Conditions Precedent are not fulfilled or otherwise waived by mutual consent of the parties on or before the expiry of 18 months from the SPA execution, each party may terminate the SPA, in which case the Deposit will be fully refunded to the Purchaser. If prior to SPA Completion, the properties under the PSC/JOA suffer physical damage or loss such that the Sellers’ share of such damage/loss exceeds 50% of the Purchase Consideration under the SPA, then the Purchaser shall be entitled to terminate the SPA without any further liability between the parties, in which case the Deposit will be fully refunded to the Purchaser. The Sellers may terminate the SPA if the Purchaser violates the applicable anti-money laundering and anti-bribery laws. This announcement is dated 26 October 2016.

哭哭鸟

大紅花石油 首季淨利勁漲15倍
2016年11月27日
http://www.chinapress.com.my/20161127/大紅花石油-首季淨利勁漲15倍/

（吉隆坡27日訊）受惠于Anasuria Cluster公司的良好表現，大紅花石油（HIBISCS，5199，主要板工業）2017財年首季淨利暴漲15倍至8028萬令吉，對比上財年的475萬令吉。

大紅花石油向馬證交所報備，Anasuria Cluster公司分別為公司帶來5369萬令吉和2712萬令吉的營業額，以及利息、稅務、折舊與攤銷前盈利（EBITDA）貢獻，從而帶動首季營業額由上財年同期的24萬5000令吉，大漲至5475萬令吉。

大紅花石油董事經理肯尼士博士透過文告稱：“在當前的石油業營運環境中，Anasuria Cluster公司的表現令人滿意。我們期待油價回彈，以使公司業績更上一層樓。”

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	54,745	245	54,745	245
2	Profit/(loss) before tax	7,481	4,759	7,481	4,759
3	Profit/(loss) for the period	80,283	4,749	80,283	4,749
4	Profit/(loss) attributable to ordinary equity holders of the parent	80,283	4,749	80,283	4,749
5	Basic earnings/(loss) per share (Subunit)	5.91	0.49	5.91	0.49
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5000		0.4500

icy97

Type	Announcement
Subject	OTHERS
Description	Press Release - Hibiscus Petroleum Closes First Quarter With Profitable Results On The Back Of Steady Recurring Revenue And EBITDA From Anasuria
We attached herewith our press release dated 25 November 2016 entitled "Hibiscus Petroleum Closes First Quarter With Profitable Results On The Back Of Steady Recurring Revenue And EBITDA From Anasuria". This announcement is dated 25 November 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5270157

Attachments FINAL 2016 11 25 Press Release - QR .pdf

icy97

未来3年专注提高产量
大红花石油严控成本

2016年12月7日
（吉隆坡6日讯）大红花石油（HIBISCS，5199，主板工业产品股）未来3年内，将专注提高石油产量和严密控制成本，期间不会主动寻找收购其他油田资产的机会。

该公司主席再努拉欣说：“展望2017年，我们会探讨如何提高Anasuria油田的产量，而非继续收购油田资产。”

他今天在股东大会后的记者会上如是指出，还透露公司董事部今天下午开会，讨论大红花石油未来3年的计划。

善用转盈优势融资

“为了应付手上的两个资产（Anasuria油田和收购中的沙巴北部提高石油产量生产共享合约（PSC），公司的资金和人力资本已有少许紧绷，所以，这段期间不会主动寻找收购机会，惟若有诱人商机出现，不排除会深入了解。”

“因此，明年我们会专注整合两个资产，从中获取最大的价值。”

此外，大红花石油董事经理肯尼恩佩雷拉补充，他们会善用公司目前零债务和刚转亏为盈的优势，为日后的发展机会融资。

“融资部分将用于寻找可提高产量的实惠方案，及于2018与2019年发展Anasuria油田。”

降低油田营运开销

“此外，为了能在油气领域站稳脚步，以最低成本生产石油至关重要。因此，明年我们会进一步加强成本控制。”

他说，成本控制将从三点下手，第一，降低Anasuria油田营运开销；第二，寻找成本最低融资方案，以及第三，控制维修与保养成本。

今天股东大会的出席者还包括大红花石油高级独立非执行董事汤姆斯麦克。

油价若低于30美元须“急救”

询及再努拉欣如何看待明年原油价格，他打趣的说，他们不依靠任何预测，因为都是该公司无法控制的因素。

“与其担忧价格起落，不如做好自己能办到的事，如成本控制。”

“目前每桶原油生产成本为20美元，因此，原油价格每桶高于40美元，我们的运作仍处舒适阶段。”

“但原油价格一旦每桶低于30美元，必须寻找替代方案来维持赚幅。”

另外，关于收购沙巴PSC合约一事，肯尼恩佩雷拉指出，公司已提供全部所需文件，现阶段正等待国家石油（Petronas）和国油勘探（Petronas Carigali）同意。

他补充：“短期内，我们不考虑进行任何企业活动来筹募资金，反而是通过借贷，在接手SPC后应付所需开销。”

明年派息机会渺茫

继大红花石油在第3季转亏为盈，Anasuria油田表现稳定，询及该公司2017财年会否考虑派息？

再努拉欣直言，明年派息机会不大。

他解释，大红花成立不久，还是一家很年轻的企业，加上油气领域业务需用到大量资本，因此，公司计划将保留盈利，用在增加产量、维修工作、钻新油井和改善现金流，而不是派息。

针对近来国行宣布出口商最多只能保留25%出口所得为外币存款的措施，肯尼恩佩雷拉认为，一切都必须等到国行公布细节，才能进一步探讨，惟预计不会影响到大红花石油。

“我们相信新措施的对象是在我国注册的出口公司，而持有Anasuria油田是英国注册公司，所以不在管辖内。” 【e南洋】

icy97

HIBISCUS PETROLEUM BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PLACEMENT OF UP TO 82,305,362 ORDINARY SHARES OF RM0.01 EACH IN HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM") REPRESENTING APPROXIMATELY 6.05% OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF HIBISCUS PETROLEUM
No. of shares issued under this corporate proposal	41,305,300
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2900
Par Value ($$)	Malaysian Ringgit (MYR)   0.010
Latest issued and paid up share capital after the above corporate proposal in the following
Units	1,443,844,291
Currency	Malaysian Ringgit (MYR) 14,438,442.910
Listing Date	20 Dec 2016

icy97

大红花石油
股价上涨空间大

2017年1月10日

分析：大众投行研究
目标价：60仙

最新进展：

大红花石油（HIBISCS，5199，主板工业产品股）与国油勘探（Petronas Carigali）私人有限公司合作，以2500万美元（约1亿463万令吉），收购荷兰皇家蚬壳（Royal Dutch Shell）在沙巴北部的提高石油产量生产共享合约（PSC）50%股权和共同经营权。

收购计划预计会在今年中旬完成，目前正待国家石油（Petronas）批准。

行家建议：

若收购计划成功，我们估计，大红花石油的合理价值将为1.15令吉。

目前该股的目标价为60仙。沙巴北部的资产收购将为该公司带来55仙的上涨潜能，因此若完成该收购活动，股价将上涨。

不过，即便是目前60仙的目标价，从目前股价计算，也有达37.1%的上涨空间。

因石油输出国组织（OPEC）减产、特朗普主张贸易保护主义，及石油勘探活动重启，石油价格将稳定在每桶50美元（约223.88令吉），该股更具吸引力。



【e南洋】

哭哭鸟

英油田贡献．木槿花次季转盈赚1067万
http://www.sinchew.com.my/node/1617131/

（吉隆坡22日讯）新收购的英国Anasuria油田做出贡献，加上无须再做投资减值亏损，木槿花石油（HIBISCS，5199，主板工业产品组）截至2016年12月31日第二季转亏为盈，取得1067万5000令吉净利，前期共亏损1亿6416万6000令吉。

上半年净利下挫42.94%，至9095万8000令吉；前期共1亿5941万7000令吉。

第二季营业额大涨6478.12%，至6282万1000令吉；上半年营业额猛增9697.17%，至1亿1756万6000令吉。

木槿花石油在文告中表示，Anasuria所销售的油气产品，在第二季贡献5980万令吉营收和4420万令吉的盈利。

第二季Anasuria油田约生产了30万桶原油，平均每天生产4400桶，每桶售价41.70美元，每桶营运开销约13美元。

该公司是在2016年3月完成收购Anasuria的50%股权，因此前期业绩没有录得此销售。

同时，该集团已在2016年6月杪财政年全面认列在Lime集团和HIREX的投资减值，因此前期所蒙受的6290万令吉投资亏损，未在本季度重现。

不过，本季度Anasuria带来1750万令吉的折旧和摊销、540万令吉金融成本。

展望未来，该公司预期沙地阿美建议上市有助保持油价稳定性，再加上该公司营运表现持续改善，将对公司整体财务表现带来正面冲击。

木槿花石油董事经理肯勒博士在文告中表示，Anasuria为公司营运带来正面冲击。“在大马，我们已取得一项正待当局批准的资产。”

同时，产油国去年11月杪宣布减产已令油价回升，虽然该公司无法立即受惠，但希望可在接下来季度受惠。

文章来源：
星洲日报‧财经‧2017.02.23

5199    HIBISCS    HIBISCUS PETROLEUM BHD

Quarterly rpt on consolidated results for the financial period ended 31/12/2016

Quarter: 2nd Quarter Financial Year End: 30/06/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2016 31/12/2015 31/12/2016 31/12/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 62,821 955 117,566 1,200 2 Profit/Loss Before Tax 10,032 (164,157) 17,513 (159,398) 3 Profit/(loss) attributable to ordinary equity holders of the parent 10,675 (164,166) 90,958 159,417 4 Net Profit/Loss For The Period 10,675 (164,166) 90,958 (159,417) 5 Basic Earnings/Loss Per Shares (sen) 0.76 (16.32) 6.54 (16.18) 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.5200 0.4500

icy97

Type	Announcement
Subject	OTHERS
Description	Press Release - Hibiscus Petroleum Closes Second Quarter With An Improved Operational And Financial Performance From Anasuria
We attached herewith our press release dated 22 February 2017 entitled "Hibiscus Petroleum Closes Second Quarter With An Improved Operational And Financial Performance From Anasuria". This announcement is dated 22 February 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5343157

Attachments FINAL 2017 02 22 Press Release - QR .pdf

icy97

Date of change	31 Mar 2017
Name	MR VINCENT JACOB LEE NAM SANG
Age	42
Gender	Male
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	To pursue personal career objectives

icy97

商誉亏损影响．木槿花第三季少赚92%

（吉隆坡24日讯）受到Anasuria Cluster收购计划的1亿3530万令吉商誉亏损影响，木槿花石油（HIBISCS，5199，主板工业产品组）截至2017年3月31日第三季净利猛挫91.94%，从前期的8050万5000令吉减至648万5000令吉。

首9个月转亏为盈

不过，随着石油与天然气销售增加，木槿花石油首9个月成功转亏为盈，录得9744万3000令吉净利，前期为7891万2000令吉净亏。

第三季营业额增长117.9%至6924万2000令吉，拉高9个月营业额466.48%至1亿8680万8000令吉。

木槿花石油发文告表示，Anasuria油田过去1年营运表现良好，为强化总体生产系统，集团有意重启Guillemot P1油井，以及提升化学注入水平，有望长期提升相关油井产量，并预计在今年杪开始对财务带来影响。

该公司补充，基于资本有限，管理层可能推迟澳洲岸外油田发展计划最终投资决策（FID）至少3年，以优先落实现投资组合中诱人的投资选项。

“油价方面，沙地阿美（Aramco）上市有望成为油价靠稳的催化剂，而这将对总体财务表现和现金盈余带来正面效应，同时石油输出国组织（OPEC）将在本周决定是否进一步减产，这将对未来油价稳定带来影响，集团希望供需再平衡措施将可对公司带来利多效益。”

文章来源：
星洲日报‧财经‧2017.05.24

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	69,242	31,777	186,808	32,977
2	Profit/(loss) before tax	16,791	79,839	34,304	-79,559
3	Profit/(loss) for the period	6,485	80,505	97,443	-78,912
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,485	80,505	97,443	-78,912
5	Basic earnings/(loss) per share (Subunit)	0.45	7.32	6.92	-7.71
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5200		0.4500

icy97

Type	Announcement
Subject	OTHERS
Description	Press Release - Hibiscus Petroleum Closes Third Quarter With Increasing Revenue And EBITDA From Anasuria
We attach herewith our press release dated 24 May 2017 entitled "Hibiscus Petroleum Closes Third Quarter With Increasing Revenue And EBITDA From Anasuria". This announcement is dated 24 May 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5436717

Attachments FINAL 2017 05 24 Press Release.pdf

墨士甲

HIBISCS (5199) 0.480 ↑  终于回来了！

icy97

蚬壳准卖沙巴强化采油50%
大红花石油接手

2017年5月31日
（吉隆坡30日讯）国家石油（Petronas）批准荷兰皇家蚬壳（Royal Dutch Shell），将沙巴北部的强化采油（EOR）项目的50%股权，卖给大红花石油（HIBISCS，5199，主板工业产品股）宣布。

大红花石油向交易所报备，蚬壳旗下持有该50%股权的沙巴蚬壳石油和蚬壳沙巴南部私人有限公司，正评估交易条件。

国油子公司国油勘探，是蚬壳在沙巴北部EOR生产共享合约（PSC）的伙伴。

根据联合营运协议，一旦完成股权脱售活动，大红花石油将成为PSC的营运者，负责管理四个沙巴现有油田的石油产量。

不过，上述批准还需取决于特定条件。

大红花石油是在去年10月宣布，以2500万美元（约1亿463万令吉），收购荷兰皇家蚬壳上述PSC所持有的经营权至2040年，可促进大红花石油未来发展。

当时文告称，PSC所持有的经营权至2040年，可促进大红花石油未来的发展。 【e南洋】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR THE "COMPANY")PROPOSED ACQUISITION OF 50% PARTICIPATING INTERESTS UNDER THE 2011 NORTH SABAH ENHANCED OIL RECOVERY PRODUCTION SHARING CONTRACT (AS DEFINED HEREIN) BY SEA HIBISCUS SDN BHD, AN INDIRECT WHOLLY- OWNED SUBSIDIARY OF HIBISCUS PETROLEUM, FOR A TOTAL CASH CONSIDERATION OF USD25 MILLION (OR EQUIVALENT TO RM104.63 MILLION) ("PROPOSED ACQUISITION")
We refer to the announcements dated 12 October 2016 and 26 October 2016, in relation to the Proposed Acquisition (“Earlier Announcements”). Terms defined in the Earlier Announcements have the same meaning when used in this announcement. The Company is pleased to announce that: PCSB has waived their pre-emption rights under the JOA Additionally, PETRONAS has provided its approval to Shell for the assignment of the Interest pursuant to the PSC in favour of SEA Hibiscus. The PETRONAS approval is subject to certain conditions which are currently being reviewed by the Sellers in conjunction with SEA Hibiscus. If further clarifications are required from PETRONAS in respect of these conditions, these will be sought in due course and the Company will make further announcements, if appropriate. The Company views these as positive developments. Subject to the clarifications and subsequent closure of the conditions, the Board of Directors of Hibiscus Petroleum expects the Proposed Acquisition to be completed by the second half of 2017. This announcement is dated 29 May 2017.

icy97

木槿花配售10%‧最多筹6497万

（吉隆坡1日讯）木槿花石油（HIBISCS,5199,主板工业产品组）建议私下配售占缴足资本10%新股予待定第三方投资者，最多筹措6497万令吉作为营运资本。

该公司发文告表示，拟向独立第三方投资者私下配售1亿4438万4429股，相等于缴足资本10%新股，发售价将在稍后决定。

假设发售价为每股45仙，木槿花石油最多借此筹措6497万令吉，其中6467万3000令吉作为营运资本，另30万令吉为企业活动开销。

整个计划完成后，该公司缴足资本将从1443万8000令吉扩大至7911万1000令吉。

文章来源：
星洲日报／财经·2017.06.02

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 144,384,429 NEW ORDINARY SHARES IN HIBISCUS PETROLEUM REPRESENTING UP TO TEN PERCENT (10%) OF THE EXISTING ISSUED ORDINARY SHARE CAPITAL OF HIBISCUS PETROLEUM ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of Hibiscus Petroleum, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the Proposed Private Placement. Further details of the Proposed Private Placement are set out in the attachment. This announcement is dated 31 May 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5447841

Attachments Hibiscus Petroleum - Announcement (Proposed Private Placement).pdf