Hibiscus Petroleum BHD (HIBI)

Hibiscus Petroleum Berhad, an investment holding company, explores for, develops, and produces oil and gas. The company operates through Malaysia – North Sabah; Malaysia – Kinabalu and Others; Commercial Arrangement Area; United Kingdom; Australia; Vietnam; and Investment Holding and Group Activities segments. It holds 50% interests in the North Sabah production sharing contract producing fields located in Offshore Sabah, Malaysia. The company also holds 60% interests in the Kinabalu field located in coast of Sabah, Malaysia; the PM305 and PM314 fields located to the eastern coast of Peninsular Malaysia in the Malay Basin. In addition, it holds 35% interest in the PM3 CAA field and manages the operations relating to the production of petroleum from various oil fields, such as Bunga Orkid, Bunga Pakma, Bunga Raya, Bunga Seroja, Bunga Kekwa, Bunga Tulip, and Bunga Lavatera. Further, the company holds interests in the Anasuria Cluster producing oil and gas fields, Marigold and Sunflower fields, license no. P2532 and P2535, and license no. P2518 located offshore in the United Kingdom Continental Shelf; operates VIC/RL17 production license; and VIC/P57 and VIC/P74 exploration permit. Additionally, it holds 70% interest in the Block 46, a tie back asset that contains the producing Cai Nuoc field and the undeveloped Hoa Mai field located in Vietnamese waters. The company also invests in, owns, and operates oil and gas concessions; and provides project management, technical, and other services relating to the oil and gas exploration and production industry. Hibiscus Petroleum Berhad was incorporated in 2007 and is headquartered in Kuala Lumpur, Malaysia.