Hibiscus Petroleum Berhad

Hibiscus Petroleum Berhad (Hibiscus Petroleum or the Company) is Malaysia's first listed independent oil and gas exploration and production company. Hibiscus Petroleum was listed on the Main Market of Bursa Malaysia Securities Berhad on 25 July 2011 as the first Special Purpose Acquisition Company (SPAC) in South-East Asia. Hibiscus Petroleum is principally an investment holding company focusing on exploration and the development of small and medium-sized oil and gas fields in the Middle East, South Asia, East Asia and Oceania regions. On 18 April 2012, Hibiscus Petroleum completed its first acquisition, a 35% equity stake in Lime Petroleum Plc, which has four concessions in the Middle East - RAK North Offshore and RAK Onshore in Ras Al Khaimah in the United Arab Emirates, Sharjah in the UAE, and Block 50 in Oman. Subsequently, Lime secured access to a further four concessions in Norway. The Middle East and Norway concessions are at early to advanced exploration stages. On 8 January 2013, the Company completed the acquisition of a 13% stake in 3D Oil Limited, an Australian Securities Exchange-listed company and a 50.1% stake in its VIC/P57 permit to obtain rights to explore and develop the asset, located in the prolific Gippsland Basin off south- eastern Australia. The area includes the discovered West Seahorse field. The Company seeks to develop a balanced portfolio of assets which are in geographically diverse locations.