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2014-02-04 08:13 | Report Abuse
Masirah Oil Limited - PRESS RELEASE
OIL DISCOVERY IN THE SECOND EXPLORATION WELL IN OMAN
Muscat, 3 February 2014: Masirah Oil Limited (“Masirah”) today announced the successful
reach of the well target depth in the second exploration well in Block 50 Oman to its final depth
of >3,000 metres into the Cambrian formation. Hydrocarbons were discovered in several
formations with good oil sample extracted. The well will undergo data acquisition before setting
the completion for testing. The well was drilled using the independent leg cantilever jack-up
drilling rig Aban VII.
Mr Hans Lidgren, Chairman of Masirah, said, “The discovery of hydrocarbons in 2nd exploration
well is a significant step towards the deepening of our knowledge and understanding of the
offshore geology in the east of Oman, where no discovery has been made before. The results
from this well are vital for the future development of this block. This discovery confirms the
high quality and value of the Oman asset. We look forward to a continued fruitful co-operation
with the Ministry of Oil and Gas in Oman for many more years to come, and we congratulate
our shareholders Hibiscus Petroleum Berhad in Malaysia, responsible for the drilling campaign, PETROCI the National Oil Company of Côte D`Ivoire and Rex International Holding Ltd in
Singapore, responsible for the use of Rex Virtual Drilling technology, to a successful venture.” This press release has been approved by Ministry of Oil and Gas of Oman
2014-01-24 18:12 | Report Abuse
Well WSJ is calling a spade a spade...
2014-01-18 12:10 | Report Abuse
Peter5151
The going expire current IPP in Sept next year will well offset by YTLP broadband division.
Just an observation, IPP is easy market, TNB buys what they produce, Broadband market got lots of players... not going to be so easy.
2013-12-05 21:38 | Report Abuse
Warrants can convert anytime before expiry... expiry is 24/07/14
2013-11-07 08:44 | Report Abuse
Guess what?
Contradiction data.
http://www.rigzone.com/data/offshore_drilling_rigs/1395/Jackup/Aban_Offshore/Aban_VIII
That is correct the, the Rig is IRAN.
Why?
Well you see we are talking about ABAN VIII.... and NOT ABAN VII.
Next time please check your facts before posting. I am a silent follower and had to register to post this so that other will be aware.
The rig is in Oman. Enough said!
Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2014-03-07 07:32 | Report Abuse
http://www.thestar.com.my/Business/Business-News/2014/03/07/Hibiscus-gives-more-details-on-Oman-oil-well-project/