Home > Business > Business News
Thursday March 21, 2013 MYT 12:00:00 AM
Wednesday April 24, 2013 MYT 1:38:19 PM
KUALA LUMPUR: Hibiscus Petroleum Bhd is teaming up with Rex Oil & Gas Ltd's affiliate to seek investments in oil and gas (O&G) exploration assets in 11 countries in Asia-Pacific.
It said on Thursday its unit Orient Hibiscus Sdn Bhd and Rex Southeast Asia
Ltd were teaming up to leverage on the use of Rex proprietary technologies in these countries.
These countries are Malaysia, New Zealand, Philippines, Vietnam, Australia, Thailand, Brunei, Papua New Guinea, Indonesia, Myanmar and Cambodia, and offshore areas associated with these countries.
Rex O&G holds a 56.4% stake in Hibiscus Petroleum's jointly-controlled entity, Lime Petroleum Plc.
"Using Rex Technology, Hibiscus Petroleum, through HiRex, will be well positioned to identify, select and secure equity positions in high impact exploration assets in the AsiaPacific region, and thus further enhance its shareholders' value," it said.
Tags / Keywords:
News, Business, Hibiscus Petroleum, Rex Oil & Gas Ltd, oil and gas (O&G) exploration assets, Business
Hibiscus, Rex Oil form partnership
Sumatec screening oil and gas assets in Kazakhstan
Indonesia restricts foreign investment in oil services
UMW Oil & Gas Corp gets Bursa's nod to list
UMW Oil & Gas pops on debut
Alibaba leads global equity capital markets treasure hunt
Japan's economy takes another hit as output, spending slump
US court ruling on Argentine debt violates int'l law: Buenos Aires
With iPhone 6 approved in China, Apple suppliers ready for demand
Cisco sets US$1bil investment for global cloud computing network
China Sept HSBC PMI steady but risks remain
Virgin Mobile launches services in Saudi Arabia
Special Report - Wheat warfare: Islamic State uses grain to tighten grip in Iraq
Artists honour 'Usagi Yojimbo' creator with drawings from the heart
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)