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OTHERS Hibiscus Petroleum Berhad ("Hibiscus Petroleum" or the "Company") Proposed Acquisition of Interest in Licence P2451 ("Licence")

HIBISCUS PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description
Hibiscus Petroleum Berhad ("Hibiscus Petroleum" or the "Company")
Proposed Acquisition of Interest in Licence P2451 ("Licence")

We refer to the announcements dated 1 September 2023 and 13 October 2023 in relation to the Proposed Acquisition of Interest in License P2451 (“Proposed Acquisition”).

 

Pursuant to the above, Anasuria Hibiscus UK Limited ("Anasuria HIbiscus"), an indirect wholly-owned subsidiary of the Company, wishes to inform that the Proposed Acquisition of a 42.5% stake in the License from Rapid Oil Production Ltd ("Rapid Oil") has been completed following fulfilment of the approval conditions of the North Sea Transition Authority.

 

At completion, the parties to the Licence are Anasuria Hibiscus (42.5%), Ping Petroleum UK PLC (42.5%) and Rapid Oil (15%).

 

 

This announcement is dated 21 November 2023.






Announcement Info

Company Name HIBISCUS PETROLEUM BERHAD
Stock Name HIBISCS
Date Announced 21 Nov 2023
Category General Announcement for PLC
Reference Number GA1-20112023-00075



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