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Once very good results out, coming very soon, there will be a break out. 2 Parties sign Letter of Intent to purchase a stake in this Company, soon. Can consider C93, 92, cheap and with good gearing.
Brent oil is now at 92 and Crude oil is at 86 . plus Gold Has surpass 4500 and silver has break 68.
This show US is going down already. Most central bank are buying gold and silver and selling US T bond. .
Hope this will push the oil price up. then we can expect higher dividend.
Price starts to move. Years ago with half of this yr productn level. price Rm 2.50. Now very much increased output from new oilfields, plus increased prices with some month above USD90, net profit should be good. CEO stated cost of production is low, less than half current Oil Price. Consistent div payment, maybe 3 or 4 sen, making Div Yield better than bank FD of 3.5%!!! Results out SOON !!
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.