ABOUT HIBISCUS PETROLEUM
Hibiscus Petroleum Berhad (Hibiscus Petroleum) is Malaysia’s first listed independent oil and gas exploration and production company. Our key activities are focused on delivering value from producing oilfields and growing our portfolio of development and production assets in areas of our geographical focus: Malaysia, United Kingdom and Australia.
As an operator of offshore oil and gas producing fields, our efforts are concentrated on safely enhancing operational efficiencies to deliver high-margin production from our assets.
Our growth strategy in the current oil and gas market is to leverage on opportunities that are present within our existing assets and make quality acquisitions on a selective basis to deliver sustainable returns to our shareholders.
We are committed towards upholding high standards of safety and environmental management. We also prioritise corporate governance, whilst expanding our business on strong technical and commercial foundations.
Hibiscus Petroleum is headquartered in Kuala Lumpur and our shares are listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities). Hibiscus Petroleum shares have been classified as Shariah-compliant securities by the Shariah Advisory Council of the Securities Commission of Malaysia.
Hibiscus Petroleum holds interests in several concessions and a production sharing contract. These are in Malaysia, the United Kingdom and Australia. Our diversified portfolio of assets consists of eight producing fields, five discovered fields and two exploration licences.
FY2019 marks the first full financial year of our operatorship of the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract (North Sabah PSC) – our first Malaysian asset. Our wholly-owned subsidiary, SEA Hibiscus Sdn Bhd, has been the operator since 31 March 2018. In FY2019, three production enhancement projects were sanctioned to arrest natural decline and increase oil production.
The United Kingdom (UK) Continental Shelf is home to Hibiscus Petroleum’s first producing asset - the Anasuria Cluster, a group of producing oil and gas fields and associated infrastructure. We operate this asset via our jointly-controlled entity, Anasuria Operating Company Limited. We expanded our footprint by acquiring a 50% participating interest in the Marigold and Sunflower discovered oilfields and completed the acquisition of the Crown discovered oilfield.
In the Bass Strait, we operate the VIC/L31 production licence and VIC/P57 exploration licence. We also acquired non-operated interests in the VIC/P74 exploration licence in the same area. With the West Seahorse discovered oilfield and exciting exploration opportunities in these licences, Australia holds significant potential for Hibiscus Petroleum’s future development plans.
FINANCIAL & SHARE PERFORMANCE
Hibiscus Petroleum’s financial performance over the last five financial years/periods:
Hibiscus Petroleum’s share performance over the last five financial years/periods:
Tricor Investor & Issuing House Services Sdn Bhd
Unit 32-01, Level 32, Tower A
Vertical Business Suite
Avenue 3, Bangsar South
No. 8, Jalan Kerinchi
59200 Kuala Lumpur
Tel: +603-2783 9299
Fax: +603-2783 9222