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July 04, 2015 6:24 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Hibiscus Petroleum Berhad

Company Overview

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

2nd Floor

Jalan Kapas

Bangsar

Kuala Lumpur,  59100

Malaysia

Founded in 2007

Phone:

60 3 2092 1300

Fax:

60 3 2092 1301

Key Executives for Hibiscus Petroleum Berhad

Hibiscus Petroleum Berhad does not have any Key Executives recorded.

Hibiscus Petroleum Berhad Key Developments

Hibiscus Petroleum Berhad Reports Unaudited Consolidated Earnings Results for the Quarter Ended March 31, 2015

Hibiscus Petroleum Berhad reported unaudited consolidated earnings results for the quarter ended March 31, 2015. For the quarter, the company reported revenue of MYR 1,717,000 against MYR 14,755,000 a year ago. Loss before taxation was MYR 11,017,000 against MYR 41,555,000 a year ago. Loss after taxation attributable to owners of the company was MYR 11,041,000 or 1.23 sen per basic and diluted share against MYR 39,942,000 or 5.43 sen per basic and diluted share a year ago. Net cash used in operating activities was MYR 16,617,000. Purchase of equipment was MYR 33,461,000. Acquisition of intangible assets was MYR 76,017,000.

Hibiscus Petroleum Appoints Vincent Jacob Lee Nam Sang as Chief Financial Officer

Hibiscus Petroleum has appointed Vincent Jacob Lee Nam Sang as Chief Financial Officer. The effective date is May 05, 2015.

Hibiscus Petroleum Berhad Re-Designates Joyce Theresa Sunita Vasudevan as VP Strategy Development

Hibiscus Petroleum Berhad announced the re-designation of Joyce Theresa Sunita Vasudevan, CFO as VP Strategy Development of the company, effective May 5, 2015.

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