Pereira: Group is still debt-free with unrestricted cash balance at RM179.4mil as at Sept 30.
KUALA LUMPUR: Hibiscus Petroleum Bhd
is positioning itself for further acquisitions with a focus on South-East Asia, as it aims to boost its daily production to 20,000 barrels of oil by 2021.
The group currently has two producing assets - Anasuria and North Sabah - where opportunities identified will see the two assets provide a production platform of 12,000 barrels a day by 2021.
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