West Seahorse left to flounder

HIBISCUS Petroleum has confirmed that its 100%-owned West Seahorse oil field development on the coastal Gippsland Basin is on the backburner as the Malaysian oiler aims to focus on the UK’s North Sea.

West Seahorse left to flounder West Seahorse left to flounder West Seahorse left to flounder West Seahorse left to flounder West Seahorse left to flounder
West Seahorse was marginal even at $80 oil, and only has around eight million barrels of combined 2C and 2P reserves
 
Former owner 3D Oil worked for years to make it work, so it is little wonder