This announcement is made in compliance with Paragraph 6.0 of PN32 of the Main Market Listing Requirements which requires results of a report by a Competent Person, and any material change to Reserves or Resources disclosed previously, to be announced, where applicable.
Hibiscus Petroleum’s indirect wholly-owned subsidiary, Hibiscus EP (Brunei) B.V. (“HEB”) and Anasuria Hibiscus UK Limited (“AHUK”) had appointed Tetra Tech RPS Energy Limited (“TTRPSE”) to undertake an independent reserves evaluation on the following assets:
(1) the Maharajalela Jamalulalam Field, in Block B offshore Brunei (“MLJ Field”). HEB holds 37.5% operated interest in MLJ Field (“MLJ Reserves Report”). The field operatorship was handed over to HEB by the previous operator on 14 October 2024.
(2) the Anasuria Cluster, located approximately 175km east of Aberdeen in the UK Central North Sea, consists of the Teal, Teal South, Guillemot A and Cook fields which produce to the Anasuria Floating, Production, Storage and Offloading vessel, all located offshore in the UK sector of North Sea. AHUK holds 50% interests in the Teal, Teal South and Guillemot A fields, with Ping Petroleum UK Limited (“Ping Petroleum”) holding the remaining 50% interest. AHUK and Ping Petroleum through a joint venture company, Anasuria Operating Company Limited, operate the Teal, Teal South and Guillemot A fields. AHUK and Ping Petroleum each hold a 19.3% interest in the Cook field, with the remainder held by Ithaca Energy (UK) Limited (operator of the Cook field) (“Anasuria Reserves Report”).
(collectively referred to as “Assets Reports”)
This MLJ Reserves Report is being prepared to assess the updated reserves and resources following the acquisition and completion of operatorship handover of the MLJ Field, whereas the Anasuria Reserves Report is being prepared to support internal corporate requirements, including auditor review, as the last independent reserves evaluation for Anasuria was conducted in 2021. This updated assessment ensures that the Group’s reserves information remains current and robust for financial reporting and governance purposes.
The Company is pleased to announce a summary of the Assets Reports prepared by TTRPSE, as contained in the attachment.
This announcement is dated 29 August 2025.
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发表于 19-11-2025 02:34 AM
Reserves and Contingent Resources Reports for
i) Maharajalela Jamalulalam ("MLJ"
1097 
121
