PETALING JAYA: Hibiscus Petroleum Bhd’s indirect wholly owned subsidiary, Anasuria Hibiscus UK Ltd (AHUK), has entered into a conditional non-binding term sheet to acquire Licence P2366 consisting of Blocks 15/18d and 15/19b from United Oil & Gas Plc and Swift Exploration Ltd for US$5mil (RM20.6mil).
The blocks are located offshore in the United Kingdom sector of the North Sea, about 250 km north-east of Aberdeen.
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