Hibiscus said total production is still on track to hit its target of 3.3 to 3.5 million barrels of oil for FY20. It will also be maintaining net positive operating cash flows by managing its operating expenditure. Meanwhile, initiatives on new ventures will continue.
PETALING JAYA: Hibiscus Petroleum Bhd
says that it is on track to deliver three offtakes in the third quarter of its financial year ending June 30,2020 (FY20) across its assets in North Sabah and Anasuria, with two already being conducted in February.
Three further offtakes are expected in the fourth quarter of FY20, said Hibiscus in a business update to Bursa Malaysia.
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