Wednesday 27 November 2019

Hibiscus Petroleum Berhad (“Hibiscus Petroleum” or the “Company” or the “Group”) is positioning for further acquisitions of producing assets with a focus on adding to our existing portfolio in Southeast Asia.

The Group is maintaining its 2021 target for: the Anasuria asset to deliver 5,000 bbl/day; o the North Sabah asset to deliver 7,000 bbl/day.

The Group is also maintaining its target for the final Field Development Plan for the Marigold development to be secured by the end of 2020.

The Group has been recognised for operational, safety and business performances in Malaysia and the United Kingdom.

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