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September 04, 2015 8:40 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


Kuala Lumpur,  59100


Founded in 2007


60 3 2092 1300


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 Appoints Sara Murtadha Jaffar Sulaiman as Independent and Non Executive Member of Audit Committee

Hibiscus Petroleum Berhad announced the appointment of Miss Sara Murtadha Jaffar Sulaiman as Independent and Non Executive Member of Audit Committee. The appointment was effective on August 26, 2015.

Hibiscus Petroleum Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015

Hibiscus Petroleum Berhad reported unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported revenue of MYR 831,000 against MYR 15,586,000 a year ago. Loss before taxation was MYR 34,257,000 against MYR 75,812,000 a year ago. Loss after taxation was MYR 34,274,000 against MYR 74,216,000 a year ago. Loss after taxation attributable to owners of the company was MYR 34,274,000 or 3.72 sen per basic and diluted share against MYR 74,216,000 or 9.68 sen per basic and diluted share a year ago. Net assets per share were MYR 0.55 compared to MYR 0.73 a year ago. Net cash used in operating activities was MYR 32,331,000. Purchase of equipment was MYR 33,410,000. Acquisition of intangible assets was MYR 83,953,000.

Hibiscus Petroleum Announces the Resignation of Tay Chin Kwang as its Independent and Non Executive Director

Hibiscus Petroleum announced that Tay Chin Kwang, Independent and Non Executive Director has resigned. The effective date is August 12, 2015. Mr. Tay started his career in Ernst & Young in Singapore and currently has over 25 years of experience in various accounting, finance management and business advisory functions across a broad spectrum of industries.

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