The Board of Directors of the Hibiscus Petroleum Berhad announced that Mr. Roushan Arumugam has been appointed as a member of the Nomination Committee (NC) and the Remuneration Committee (RC) respectively with effect from 28 March 2013.

Hibiscus Petroleum Berhad announced that Dr. Rabi Narayan Bastia has been appointed as a member of the ARMC.

Hibiscus Petroleum Berhad announced unaudited consolidated earnings results for the fourth quarter and twelve months ended December 31, 2012. For the quarter, the company reported revenue of MYR 2,334,000 against MYR 2,496,000 for the same period a year ago. Loss before tax was MYR 2,512,000 against MYR 2,654,000 for the same period a year ago. Loss after taxation was MYR 2,501,000 against MYR 2,903,000 a year ago. Loss after taxation attributable to owners of the company was MYR 2,501,000 against MYR 2,903,000 for the same period a year ago. Loss per basic share was 0.57 sen against 0.69 sen for the same period a year ago. For the twelve months period, the company reported revenue of MYR 6,203,000 against MYR 4,788,000 for the same period a year ago. Loss before tax was MYR 6,605,000 against MYR 3,832,000 for the same period a year ago. Loss attributable to owners of the company was MYR 6,558,000 against MYR 4,178,000 for the same period a year ago. Loss per basic share was 1.50 sen against 1.56 sen for the same period a year ago. Net assets per share attributable to ordinary equity holders of the parent company were MYR 0.5400. Net cash used in operating activities was MYR 3,429,000 against net cash from operating activities of MYR 1,255,000 for the same period a year ago. Purchase of equipment was MYR 2,462,000 against MYR 746,000 for the same period a year ago.