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Hibiscus cancels Timor-Leste deal

Malaysia's Hibiscus Petroleum has pulled the plug on its planned acquisition of an interest in producing Kitan oilfield in the Australia-Timor Leste joint petroleum development area.

No deal: Hibiscus has cancelled its deal to buy Talisman's stake in the Kitan field
No deal: Hibiscus has cancelled its deal to buy Talisman's stake in the Kitan field
  • Ruth Chen
Published 2 June 2015, 08:03Updated 2 June 2015, 08:03