August 20, 2014 12:44 PM 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 Seeks Finance

Hibiscus Petroleum Berhad (KLSE:HIBISCS) has appointed UBS AG (SWX:UBSN) and Maybank Investment Bank Berhad to evaluate fund raising options and for strategic plans as it embarks on its next phase of growth and to meet its future development and expansion plans. Kenneth Pereira, Managing Director of Hibiscus said, "We are confident that these appointments will enable Hibiscus Petroleum to achieve its objective of becoming a respected regional independent oil and gas company. We hope this will be the start of a fruitful and meaningful long-term relationship.”

Hibiscus Petroleum Seeks Partners

Hibiscus Petroleum Berhad (KLSE:HIBISCS) is currently looking for partners. Kenneth Pereira, Managing Director of Hibiscus said that three partners from foreign companies had shown interest and the group was looking at it and would work with them in the next few months. He also added, "These parties will be given the opportunity to perform due diligence".

Hibiscus Petroleum Berhad Announces Resignation of Rabi Narayan Bastia as Non Independent & Non Executive Member of Audit Committee, Effective from June 30, 2014

Hibiscus Petroleum Berhad announced that resignation of Dr. Rabi Narayan Bastia as Non Independent & Non Executive Member of Audit Committee, effective from June 30, 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 27, 2014
Hibiscus Technical Services Sdn Bhd
Merger/Acquisition
June 20, 2014
Timor Hibiscus Limited
Private Placement
October 11, 2013
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