Polo Resources Share Discussion Threads

[spights] 05/10/2017 12:11

hxxp://www.hibiscuspetroleum.com/information-for-shareholders

Yehaaaaaaaaa
It went has high as .72

[888icb] 03/10/2017 07:30

GCM RNS Kilkenny have just notified a 3% increase in their holding in GCM which as from 4/9/17 has been 9.32%. A Significant increase which is a positive sign and a major vote of confidence.

[apatel21] 29/9/2017 02:55

The best investment that Tang can make in the resources sector is POLO shares.He should make a tender offer for 25% of the shares & 7p.Will give immediate boost to share price and also importantly sig. increase NAV and get rid of those wanting out of POLO thus allowing opp for the share price to close the gap to NAV.

[888icb] 27/9/2017 22:34

A post today on 3i bb sets out how massively undervalued Polo is on its current market cap of £12.9 million. Polo has 9 investments of which 5 are listed and hence easily valued at £26.2 million. So ignoring the 4 unlisted investments Polo is clearly worth more than double it's current market cap. In fact Hibiscus alone is worth more than the current market cap at £15.9 million. It is clearly time for Polo to rerate.

[spights] 26/9/2017 12:10

Hibiscus .665

[spights] 26/9/2017 08:00

Another Oil Rip Oil continues its run higher. WTI was up 3% and Brent went out on 2Y highs. The Kurdish referendum is making people nervous about Iraqi oil which has been stable for several years.

[spights] 26/9/2017 07:50

Gold prices rising

[888icb] 25/9/2017 22:37

Worth looking at the Blackham presentation link in Spights post. A good reminder of what a good investment it is.

[888icb] 23/9/2017 19:47

A good week for Polo on the back of a good increase in Hibiscus. Mr Tang looks to be onto a winner.

[spights] 21/9/2017 13:43

Hi SIMON
Hope you are buying

[spights] 21/9/2017 13:03

Dear Maureen,

Thank you for your email. Polo currently holds a 9.22% interest in Hibiscus Petroleum.

Kind regards,

Kudzayi

[brian1944] 21/9/2017 09:08

hi spights thanks for info

[brian1944] 21/9/2017 09:08

hi spights thanks for info

[spights] 20/9/2017 18:11

www.thestar.com.my/business/business-news/2017/09/20/hibiscus-leads-penny-oil-stocks-up/

[spights] 20/9/2017 17:23

.Polo Resources Limited ORD NPV (DI)

02 Dec 2015 07:05:23

Polo Resources Ltd

RNS Number : 6826H
Polo Resources Limited
02 December 2015

2 December 2015
POLO RESOURCES LIMITED
("Polo" or the "Company")

POLO INVESTS IN HIBISCUS PETROLEUM

Polo Resources Limited (AIM: POL), the natural resources investment company with interests in
oil and gas, gold, coal, iron ore, copper and phosphate, announces that it has accepted, through
its wholly owned subsidiary Polo Investments Limited, a US$5 million cash subscription for 90
million new ordinary shares in Hibiscus Petroleum Berhad (HIBI: MK) ("Hibiscus"), a Main Market
of Bursa Malaysia Securities Berhad listed company. The holding represents a strategic 8.4 per
cent stake in the enlarged fully paid capital of Hibiscus and was acquired at a price MYR0.235
per share (settled in US$ at an agreed rate of MYR/US$4.238), a 4.08 per cent discount to the
Hibiscus closing price of MYR0.245 on 1 December 2015.

Hibiscus has a market capitalisation of approximately US$56 million and its strategy since listing
on 25 July 2011 has been to invest in a balanced portfolio of assets across the spectrum of
upstream oil and gas exploration and production activities with key focus on politically stable
areas. Its current development assets are located in Australia with an estimated 8.0 million
barrels (MMbbls) of 2P/2C reserves/resources, however, its asset base is set for a step-jump
with the anticipated completion of two recently announced strategic acquisitions.

The first, announced on 6 August 2015, is an exciting opportunity that will elevate Hibiscus to the
status of an oil producer through a joint venture agreement with Ping Petroleum Limited to each
acquire 50% of the entire interests of Shell UK Ltd, Shell EP Offshore Ventures Limited and Esso
Exploration and Production UK Limited in the producing Anasuria Cluster ("Anasuria") oil and gas
fields in the North Sea. Anasuria is currently producing at an average of over 7,000 barrels of oil
per day net to Shell and Esso and has a 40.4 million stock tank barrels 2P Oil Reserves and 27.9
Billion Standard Cubic Feet 2P Gas Reserves together with potential for addition reserves
through infill drilling. The acquisition remains subject to, amongst others, regulatory approvals
and third party consents, including approvals from the UK government and Hibiscus
shareholders and is expected to complete in Q1 2016. Consideration payable by Hibiscus
amounts to US$52.5 million of which US$4 million has been paid.

The second is acquisition of 100 per cent of Hydra Energy Holdings Pty Ltd ("Hydra") through the
issue of new Hibiscus shares as announced by Hibiscus on 9, 11 and 13 November 2015. Hydra
has equity interests in seven operated Petroleum Titles located in the Carnarvon Basin, offshore
North West Australia with 4 having discoveries totalling 15 - 17 MMbbls net to Hydra and on
completion of this transaction, Hibiscus' net 2P / 2C Australian oil resource base would increase
from 8 MMbbls to 23 - 25 MMbbls. Importantly the Hydra acquisition also involves an
independent and separate US$20M financing facility that is in the advanced stage of discussion
with Global Natural Resource Investments ("GNRI"). This fund will cover existing operational
commitments and also allow Hibiscus Petroleum to explore new business opportunities. The
Hydra acquisition remains subject to shareholder and regulatory approvals and satisfaction of
conditions precedent amongst others. Consideration will be the fair market value of Hydra as
determined by an independent and competent valuer to be satisfied by the issue of new Hibiscus
shares at an issue price to be determined on the date the fair market value of Hydra is
determined.

With the completion of the Hydra and Anasuria acquisitions Hibiscus' global net 2P / 2C resource
base would be circa 47 MMbbls.

In its 18 month period ended 30 June 2015, Hibiscus reported audited losses before taxation of
MYR75.8 million (approximately £13.9 million at an average period exchange rate of MYR:£5.44)
on revenues of MYR15.6 million (approximately £2.9 million) (9 months ended 31 December
2013 profit before taxation of MYR10.7 million on revenues of MYR13.3 million). At 30 June
2015 it had audited consolidated net assets of MYR511.7 million (approximately £86.4 million at
MYR:£5.92). The placing shares are expected to be admitted to the Main Market of Bursa
Securities on or around 9 December 2015.

Polo Resources' Executive Chairman, Datuk Michael Tang said, "Although the oil and gas
industry is languishing in an environment of oversupply and low prices, Hibiscus is on track to
generate positive cash flow and grow its high quality asset base. We are very excited about the
prospects of our investment in Hibiscus."

Hibiscus Petroleum's Managing Director, Dr. Kenneth Pereira said, "We are truly excited by the
opportunity to have Polo Resources as a strategic investor in the company. We look forward to
working with Polo as we build out our business plan into 2016 and beyond."

For further details on Hibiscus, please see www.hibiscuspetroleum.com.

[spights] 20/9/2017 17:18

Yehaaaaaaaaaaaaaaaaaaaaaaaaaa

[spights] 20/9/2017 17:16

9.22%
Holding in Hibiscus
Where is our expert ICB 888 on valuation?

[spights] 20/9/2017 17:16

9.22%
Holding in Hibiscus
Where is our expert ICB 888. on valuation?

[stupidboypike] 20/9/2017 17:11

Spights, do you know how much Hibiscus contributes to NAV in Polo?

[spights] 20/9/2017 17:09

www.4-traders.com/HIBISCUS-PETROLEUM-BHD-15737472/company/