Hibiscus and 3D to explore Gippsland Basin

MALAYSIAN independent oiler Hibiscus Petroleum Berhad announced this week it would acquire a 50% interest in offshore permit VIC/P74 from Aussie junior 3D Oil, making way for a future exploration campaign.

Hibiscus and 3D to explore Gippsland Basin Hibiscus and 3D to explore Gippsland Basin Hibiscus and 3D to explore Gippsland Basin Hibiscus and 3D to explore Gippsland Basin Hibiscus and 3D to explore Gippsland Basin

 

Hibiscus said on Thursday it would enter into a farm-in agreement with 3D Oil to explore the permit which is located directly adjacent to the giant Kingfish oilfield.