KUALA LUMPUR: Hibiscus Petroleum Bhd
said the valuation of the interest held by the company in Anasuria Cluster in the North Sea as of March 1, 2016 stood at US$208mil (RM851mil).
Hibiscus Petroleum said it had commissioned RPS Energy to undertake the valuation exercise based on updated oil and gas production profiles, latest oil price projections as well as revised operating and capital cost estimates.
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