Muddy Waters7 Feb 2016 19:41
Ok, sort of good news first.
HIBISCUS PETROLEUM BERHAD (“HIBISCUS PETROLEUM” OR THE “COMPANY")
PROPOSED ACQUISITION BY ANASURIA HIBISCUS UK LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HIBISCUS PETROLEUM, OF A 50% INTEREST IN THE ANASURIA CLUSTER FROM SHELL U.K. LIMITED, SHELL EP OFFSHORE VENTURES LIMITED AND ESSO EXPLORATION AND PRODUCTION UK LIMITED FOR A TOTAL CASH CONSIDERATION OF US$52.5 MILLION
On behalf of Hibiscus Petroleum, CIMB Investment Bank Berhad wishes to announce that the shareholders of Hibiscus Petroleum had, at the Extraordinary General Meeting (“EGM”) of the Company held on 4 February 2016, unanimously approved the ordinary resolution set out in the Notice of EGM of the Company dated 20 January 2016.
This announcement is dated 4 February 2016.
Effectively (Polo) now an oil producer
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Now the muddy news.
HIBISCUS PETROLEUM BERHAD ("Hibiscus Petroleum" or "the Company")
Further developments following the Company's clarification and related announcements of 14, 24 and 30 December 2015 and 21 and 26 January 2016
Reference is made to the Company’s clarification and related announcements on 14, 24 and 30 December 2015 and 21 and 26 January 2016 (“Earlier Announcements”). Terms defined in the Earlier Announcements have the same meaning when used in this announcement.
The Company wishes to announce that LK (Fiduciaries) Limited (“LKFL”) has issued a letter dated 3 February 2016 requesting for an urgent response from GHL and the other shareholders of Lime Petroleum Plc (“Lime Plc”, a company jointly-controlled by GHL).
LKFL is a company wholly-owned and controlled by Mr Laurence Keenan (who is one of the Subject Directors of Lime Plc against whom a potential derivative action on behalf of Lime Plc has been announced and is pending) and his daughter, Ms Ashley Keenan. LKFL is also the registered agent of Lime Plc.
In its above letter to the Board of Lime Plc, LKFL has stated (among others) the following:
...
You need to use the link to get full report, this was from the latest 4th Feb
To get the history, look down right hand column (TITLE) the ones to read are 'OTHERS' dated
14th Dec
24thDec
21st Jan
26thJan.
Every silver lining has a cloud, springs to mid.
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