1. Exploring New Frontiers

2. Exploring New Frontiers
The Journey
1st SPAC IPO
25 July 2011
Signed Lime Petroleum Agreements as QA
24 October 2011
Signed agreements for the subscription of shares in 3D Oil Limited and acquisition of rights to exploration permit VIC / P57 in the Gippsland Basin of Australia
Hibiscus Petroleum executed agreements to acquire a 35% equity stake in Lime Petroleum PLC (“Lime”) as our Qualifying Acquisition (“QA”).
At the time of signing, Lime had 3 concessions in the Middle East.
On 12 April 2012, a fourth concession, also in the Middle East, was added to the Lime portfolio without any change to the purchase consideration.
Listed on the Main Market of the Malaysian Stock Exchange under Special Purpose Acquisition Company (SPAC) listing rules.
As a SPAC, Hibiscus Petroleum was subject to several operating restrictions and was required to make a substantial investment in an approved Qualifying Acquisition (QA) before being able to operate as a ‘normal’ Main Market public company.
Hibiscus, through its Lime investment, obtained exposure to 4 offshore concessions on the Norwegian Continental Shelf.
To fund further growth opportunities, Hibiscus launched a Convertible Redeemable Preference Share (CRPS) scheme to raise up to RM210Mil.
To date RM74.48 million has already been secured.
Completion of the Lime transaction as the QA signified that the company was no longer a SPAC and became the first Malaysian listed Oil and Gas E&P company.
The
Jour
1st Listed E&P Company
18 April 2012
4 Additional Norwegian Concessions
4 May 2012
ney
Launch Issue of CRPS
2/3 August 2012
3D Oil Transaction
14 August 2012
25 July 2011
Listed on the Main Market of the Malaysian Stock Exchange under Special Purpose Acquisition Company (SPAC) listing rules.
As a SPAC, Hibiscus Petroleum was subject to several operating restrictions and was required to make a substantial investment in an approved Qualifying Acquisition (QA) before being able to operate as a ‘normal’ Main Market public company.
25 October 2011
Announced acquisition of a 35% equity stake in Lime Petroleum PLC (“Lime”) as the QA
16 February 2012
Received the Malaysian Securities Commission’s approval on the Lime QA
21 March 2012
Received shareholders’ approval on the Lime QA
12 April 2012
Announced signing of an Exploration and Production Sharing Agreement between Lime’s 100% owned subsidiary, Baqal Petroleum and the Government of Ras-Al Khaimah in the United Arab Emirates for an on-shore concession
18 April 2012
Announced the completion of the Lime QA. Company sheds SPAC status.
4 May 2012
Signed transaction agreements between Lime and North Energy to participate in 4 Norwegian concessions
28 May 2012
Announced various agreements in relation to the Petroci participation in Masirah Oil (Block 50 Oman) had been amended with favourable consequences to Lime and Hibiscus
2/3 August 2012
Signed agreements for RM74.48 million in subscriptions for Convertible Redeemable Preference Shares (CRPS)
14 August 2012
Signed agreements for the subscription of shares in 3D Oil Limited and acquisition of rights to exploration permit VIC / P57 in the Gippsland Basin, Australia

3. Portfolio balancing will be the next thrust Exploring New Frontiers
Strategy
High
Portfolio balancing
will be the next thrust
RISK PROFILE
Qualifying Acquisition
High Impact Advanced Exploration to Build Value
Development Assets
Proven Resources to Build Balance Sheet Resilience and Mitigate Risk
Plan for Success Strategy for Exploration Assets
Production Assets
Cashflow for Profitability and Sustainability
IPO - SPAC
Low
TIME
July Oct April Q2 / 2013

4. Exploring New Frontiers The Lime Transaction Evolution
Signing
Deal Package
Lime QA Transaction
Announcement
25 October 2011
3 Concessions in Middle East
Oman Block 50 (74 -> 35 %)
RAK North Offshore (59 %)
Sharjah (100 %)
Rex Technology for 15 Countries in Middle East
Project Management Contract to Hibiscus
Total Consideration: US$ 55 mil for 35 %
US$ 5 mil Discovery Bonus
Mkt Cap:
US$ 218 mil
5 Sept 2012
Approvals & Conditions Precedent
Fulfillment
Securities
Commission
Approval
16 February
2012
Shareholders
EGM
21 March
Completion
Deal Package
Additional Concession in Middle East
RAK Onshore (100 %)
Letter of Intent for 4 Additional Concessions in Norway
PL 503 (12.5 %)
PL 518 (15 %)
PL 526 (20 %)
PL 530 (10 %)
Use of Rex Technology for Norway
Concessions
No Change in Purchase Consideration
Deal
Closing
18 April
2012
On 2 May 2012, Norway LOI translated to Definitive Agreements.
On 28 May 2012, Lime’s stake in Masirah Oil was finalized at 64 %.

5. Exploring New Frontiers Lime Assets – Middle East Concessions
RAK
OFFSHORE
RAK
ONSHORE
SHARJAH
OFFSHORE
OMAN
BLOCK - 50
RAK OFFSHORE Dahan Petroleum
Right Ally – 16 %
Schroder – 25 %
Lime – 59 %
RAK ONSHORE Baqal Petroleum
Lime – 100 %
OMAN BLOCK 50
Masirah Oil
Lime – 64 %
Petroci – 36 %
SHARJAH OFFSHORE
Zubara Petroleum
Lime – 100 %
The Most Prolific Petroleum Basin In The World

6. Exploring New Frontiers
Lime Assets – Norwegian Concessions
PL 518
Zapffe
PL 526
Vågar/Karl
PL 503
Lotos EP – 25% (OP)
Edison -25%
North Energy – 12%
Skagen – 25%
Lime – 13 %
PL 518
Dong – 40% (OP)
North Energy – 15%
Sagex – 10%
Discover -20 %
Lime – 15 %
PL 530
Heilo
PL 503
Valberget
PL 526
North Energy – 33.3% (OP)
E.ON Ruhrgas – 33.3%
Lime – 33.3 %
PL 530
GDF – 40% (OP)
North Energy – 10%
Discover -20%
Rocksource – 20%
Lime – 10 %
A Mature First World Petroleum Producer

7. Exploring New Frontiers
Value Enhancement

8. Exploring New Frontiers
Value Enhancement
Oman
RAK
RAK
Sha
Nor
Blo
Off on w r
shore
shore
ck 50
jah ay

9. Strategy Portfolio balancing will be the next thrust
Exploring New Frontiers
3D Oil Transaction
Strategy
High
Portfolio balancing
will be the next thrust
Qualifying Acquisition
High Impact Advanced Exploration to Build Value
RISK PROFILE
Development Assets
Proven Resources to Build Balance Sheet Resilience and Mitigate Risk
Lime Transaction
Plan for Success Strategy for Exploration Assets
Production Assets
Cashflow for Profitability and Sustainability
3D Oil Transaction
IPO - SPAC
Low
TIME
July Oct April Q2 / 2013

10. Exploring New Frontiers
3D Oil Transaction
As part of its portfolio balancing strategy, Hibiscus Petroleum, through Oceania Hibiscus and Carnarvon Hibiscus is proposing to:
Subscribe to 13% of the enlarged current share capital of 3D Oil Ltd.
acquire a 50.1% farm-in interest in VIC/P57 for AUD13.5 million and an additional contribution to project expenditure of AUD 13.5 MM (collectively referred to as the “Proposed Transaction”).
Hibiscus to be the Operator of the concession
Total Hibiscus Petroleum commitment is AUD 29 MM
Hibiscus Petroleum Berhad (Hibiscus)
Oceania Hibiscus Sdn Bhd (OHSB)
Carnarvon Hibiscus Pty Ltd (Operator)
3D Oil Ltd (ASX Listed)
Direct Investment in VIC/P57
[Unincorporated JV]
AUD 27 MM – Farm-in Agreement for a 50.1 % stake in VIC/P57
AUD 2 MM – Subscription Agreement for placement of new shares in PLC
100%
13%
49.9%
50.1%
Regulated by a Joint Operating Agreement to be entered into by both parties
Malaysia
Australia
Hibiscus Petroleum Berhad (Hibiscus)
100%
Oceania Hibiscus Sdn Bhd (OHSB)
AUD 2 MM – Subscription Agreement for placement of new shares in PLC
Malaysia
Australia
13%
100%
3D Oil Ltd (ASX Listed)
Carnarvon Hibiscus Pty Ltd (Operator)
49.9%
50.1%
AUD 27 MM – Farm-in Agreement for a 50.1 % stake in VIC/P57
Direct Investment in VIC/P57
[Unincorporated JV]
Regulated by a Joint Operating Agreement to be entered into by both parties

11. Exploring New Frontiers
3D Oil Transaction
Australia’s most prolific oil & gas basin, close to major existing infrastructure, including established oil & gas refineries
Operations are made up of 18 platforms and several subsea tiebacks
Over 30 fields including 3D Oil’s West Seahorse field make up the Bass Strait grouping
The key assets within the permit are the (proven) West Seahorse Field, and two Exploration Prospects, Sea Lion and Felix .
VIC/P57
West Seahorse Field
Estimate of 7.3 MMbbls was done
by RISC on behalf of Hibiscus
Certification of 9.2 MMbbls was done by Gaffney Cline and Associates (engaged by 3D Oil)

12. Exploring New Frontiers
The Future
The Lime investment enters an important phase over the next 12 months.
CRPS provides us with financial resources to balance our risk profile.
First oil from VIC/P57 targeted for Q
We continue to assess new opportunities.
Thank you for your support.

13. Exploring New Frontiers
Thank You