Technical Focus - Hibiscus Petroleum Bhd - Riding Onto Elevated Crude Oil Prices

Hibiscus Petroleum Bhd (HIBISCS) is the Malaysia’s first public listed independent O&G E&P firm, focusing on the development and production of oilfield assets in United Kingdom, Malaysia and Australia. In 1QFY23, net oil, condensate and gas production rate stood at an average 16,775 barrels per day (bpd).