Hibiscus Q2 earnings rise to RM11mil

“Two more oil production wells are currently being drilled at St Joseph oil field, which will be followed by three new oil production wells and one water injection well in the SF30 oil field,” the oil and gas group said

Firm says results underpinned mainly by operational performance of Anasuria asset

PETALING JAYA: Hibiscus Petroleum Bhd’s net profit for its second quarter ended Dec 31, 2017 rose to RM11.04mil from RM10.68mil in the previous corresponding period, bolstered by improved revenue and lower expenses.