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Last $0.21 SGD
Change Today -0.01 / -4.65%
Volume 495.4K
RHP On Other Exchanges
Symbol
Exchange
Singapore
As of 4:59 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

rh petrogas ltd (RHP) Snapshot

Open
$0.22
Previous Close
$0.22
Day High
$0.22
Day Low
$0.21
52 Week High
08/29/14 - $0.85
52 Week Low
07/9/15 - $0.20
Market Cap
150.5M
Average Volume 10 Days
590.8K
EPS TTM
$-0.04
Shares Outstanding
734.3M
EX-Date
08/23/02
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RH PETROGAS LTD (RHP)

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rh petrogas ltd (RHP) Details

RH Petrogas Limited engages in the exploration, development, and production of oil and gas resources primarily in Indonesia, the People’s Republic of China, and Malaysia. The company develops and produces hydrocarbon resources in Fuyu 1 Block covering an area of approximately 254.9 square kilometers located in the Songliao Basin, Jilin province, the People’s Republic of China; and explores and produces crude oil in West Belida Block, Jambi, South Sumatra, Indonesia covering an area of approximately 1,046.28 square kilometers. It also holds 60% interest in the Basin production sharing contract (PSC) and 33.2% interest in the Island PSC, which are contiguous blocks located in the Birds Head area of West Papua, Indonesia covering an area of approximately 1,969 square kilometers onshore and offshore; and 80% interest in the Block SK331 onshore concession covering an area of approximately 11,600 square kilometers located in Malaysia. The company was formerly known as Tri-M Technologies Singapore Limited and changed its name to RH Petrogas Limited in November 2009. RH Petrogas Limited was incorporated in 1987 and is headquartered in Singapore.

Founded in 1987

rh petrogas ltd (RHP) Top Compensated Officers

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Executives, Board Directors

rh petrogas ltd (RHP) Key Developments

RH Petrogas Limited Completes Development Drilling for the First Fifteen Wells at Fuyu 1 Block, Jilin Province, China

RH PetroGas Limited updated that the drilling of 15 development wells at the Yongping Oilfield in the Fuyu 1 Block has been completed in 2014 as planned. This follows the receipt of the final approval of the Overall Development Plan (ODP) for the phased development of the Yongping Field which was announced previously. Drilling of these wells started on November 17, 2014 and was completed in 2014. Drilling results are encouraging with producible pays interpreted in 14 out of the 15 wells drilled. The wells are currently suspended in readiness to move into production, which will begin once the winter season is over. Plans are in place to drill another 40 to 100 shallow development wells in 2015. Fuyu 1 Block is located in Songliao Basin, Jilin Province, the People's Republic of China and is operated by Kingworld Resources Limited (KRL), a wholly owned subsidiary of the Company. KRL entered into the petroleum contract for Fuyu 1 Block with China National Petroleum Corporation (CNPC) in November 2007 (Fuyu 1 PSC). KRL has a 100% working interest in the Fuyu 1 Block during the evaluation phase. Upon the commencement of commercial production under the Fuyu 1 PSC, CNPC would back in for a 51% working interest.

RH PetroGas Limited Reports Unaudited Group Earnings Results for the First Quarter Ended March 31, 2015

RH PetroGas Limited reported unaudited group earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of USD 13.249 million compared to USD 19.778 million a year ago. Loss before tax was USD 1.963 million compared to profit before tax of USD 1.658 million a year ago. Loss for financial period was USD 0.657 million compared to profit for financial period of USD 0.073 million a year ago. Loss attributable to the owners of the company was USD 0.688 million compared to profit attributable to the owners of the company of USD 0.073 million a year ago. Basic and diluted loss per share was USD 0.09 compared to basic and diluted earnings per share of USD 0.01 a year ago. Net cash flows used in operating activities was USD 14.445 million compared to USD 10.914 million a year ago. Additions to oil and gas properties were USD 1.408 million compared to USD 1.891 million a year ago. Additions to development expenditures were USD 0.253 million. Additions to exploration and evaluation assets was USD 0.529 million compared to USD 6.376 million a year ago. Purchase of other plant and equipment was USD 0.017 million compared to USD 0.102 million a year ago.

RH Petrogas Limited Provides Update on Project of KRL At Fuyu 1 PSC in the Songliao Basin

The Board of Directors of RH Petrogas Limited announced that it has provided the following update on the project undertaken by KRL at Fuyu 1 PSC in the Songliao Basin, Jilin Province, the People's Republic of China, which covers an area of approximately 255 square kilometres, for the three months ended 30 April 2015. RPS Energy Consultants Limited has completed an independent qualified person report with respect to the oil and gas reserves and resources of the Company and its subsidiaries as of 1 January 2015. Based on the QPR, the aggregate proved plus probable reserves ("2P reserves") and best estimate contingent resources ("2C resources") of the Fuyu 1 Block attributable to the Group's 49% working interest were 10.5 MMBO (million barrels of oil) and 19.3 MMBO respectively as of 1 January 2015. The 2P reserves of 10.5 MMBO is an upgrade of and reclassification from 2C resources following the receipt of the final approval of the Overall Development Plan for the phased development of the Yongping Oilfield in Fuyu 1 Block. The combined 2P reserves plus 2C resources of 29.8 MMBO as of 1 January 2015 was around 12.6% lower than the 2C of 34.1 MMBO as of 1 January 2014 as disclosed in the summary of oil and gas reserves and resources section of Annual Report for the financial year ended 31 December 2013. The approved ODP entails the drilling of up to 1,008 shallow wells over a five year period. The crude oil in the Fuyu 1 Block is low sulphur and heavy in nature with an API of 18.5o. The first 15 development wells were drilled and completed by end of 2014. As at the date of this announcement, an additional 5 wells have been drilled and completed, out of the 40 to 100 wells planned in 2015.

 

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