Hibiscus Petroleum Berhad, an investment holding company, explores, develops, and produces oil and gas. The company operates through Investment Holding; Lime; 3D Oil, VIC/L31 & VIC/P57; and HIREX segments. It is focusing on the development of small and medium-sized oil and gas fields in the Middle East, Norway, South Asia, East Asia, and Oceania regions. The company, through its interests in Lime Petroleum Plc, has 4 concessions, including RAK North Offshore, RAK South Onshore, and Sharjah Offshore concessions in the United Arab Emirates, as well as Block 50 in Oman; and 14 concessions in Norway. It also holds interests in VIC/P57 and VIC/L31 concessions located in the West Seahorse field in...
Syed Kechik Foundation Building
Kuala Lumpur, 59100
Founded in 2007
Hibiscus Petroleum Berhad Presents at Oil and Gas Conference, Jan-27-2015
Dec 10 14
Hibiscus Petroleum Berhad Presents at Oil and Gas Conference, Jan-27-2015 . Venue: Credit Suisse Office, One Raffles Link, North Lobby #02-00, Singapore 039393, Singapore.
Hibiscus Petroleum Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 27 14
Hibiscus Petroleum Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 2,171,000 compared to MYR 3,044,000 a year ago. Loss before taxation was MYR 9,966,000 compared to profit before taxation of MYR 12,648,000 a year ago. Loss after taxation attributable to owners of the company was MYR 9,277,000 or 1.14 sen per diluted share compared to profit after taxation attributable to owners of the company of MYR 12,642,000 or 1.63 sen per diluted share a year ago.
For the nine months, the company reported revenue of MYR 10,659,000 compared to MYR 8,877,000 a year ago. Loss before taxation was MYR 19,904,000 compared to profit before taxation of MYR 5,190,000 a year ago. Loss after taxation attributable to owners of the company was MYR 18,243,000 or 2.91 sen per diluted share compared to profit after taxation attributable to owners of the company of MYR 5,160,000 or 0.67 sen per diluted share a year ago. Net cash used in operating activities was MYR 45,813,000. Purchase of equipment was MYR 29,359,000. Acquisition of intangible assets was MYR 5,746,000.
Hibiscus Petroleum Berhad Appoints Sara Murtadha Jaffar Sulaiman as Independent & Non Executive Director
Aug 27 14
Hibiscus Petroleum Berhad announced the appointment of Sara Murtadha Jaffar Sulaiman as Independent & Non Executive Director, effective August 27, 2014. Sara is currently an Investment Manager at Arle Capital Partners which she joined in 2011. Sara started her career in Petroleum Development Oman and Shell in the UK.