Hibiscus Petroleum Berhad is a Malaysia-based investment holding company. The Company focuses on developing oil and gas fields in South Asia, South East Asia and Oceania regions. It focuses on identifying and acquiring target company assets, which participate in upstream oil and gas exploration and production activities. Upstream oil and gas activities consist of exploration, development and production of oil and gas resources. As of March 31, 2011, the Company had not yet commenced business operations. In August 2011, the Company acquired Orient Hibiscus Sdn Bhd. In October 2011, the Company incorporated two wholly owned subsidiaries, Gulf Hibiscus Limited and Hibiscus Oilfield Services Limited.
More from Reuters »