Last $0.39 SGD
Change Today +0.005 / 1.30%
Volume 8.7M
RHP On Other Exchanges
Symbol
Exchange
Singapore
As of 4:04 AM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

rh petrogas ltd (RHP) Snapshot

Open
$0.39
Previous Close
$0.39
Day High
$0.40
Day Low
$0.39
52 Week High
05/27/14 - $0.98
52 Week Low
12/11/14 - $0.32
Market Cap
286.4M
Average Volume 10 Days
4.6M
EPS TTM
$-0.10
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 explores, develops, and produces oil and gas properties in Indonesia, China, Myanmar, and Malaysia. It develops and produces hydrocarbon resources in Fuyu 1 Block located covering an area of approximately 254.9 square kilometers 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 1,402 square kilometers. RH Petrogas Limited also has a total of 60% of the Basin production sharing contract (PSC) and 33.2% of the Island PSC, which are contiguous blocks located in the Birds Head area of West Papua, Indonesia covering an area of approximately 2,000 square kilometers onshore and offshore. The company also holds an 80% interest in Block SK331 onshore concession located in Malaysia. The company was formerly known as Tri-M Technologies (S) 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

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rh petrogas ltd (RHP) Key Developments

RH Petrogas Completes the Drilling of 15 Development Wells in Northeast China as Planned

RH Petrogas Limited announced that the drilling of 15 development wells at the Yongping Oilfield in Fuyu 1 Block has been completed in 2014 as planned. The drilling of these wells started on 17 November 2014 and was completed before the year end. 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. The group plans to drill another 40 to 100 shallow development wells in 2015. The drilling follows the receipt of the final approval of the Overall Development Plan by the National Development and Reform Commission of the People's Republic of China for the phased development of the Yongping Field as announced on 16 October 2014. More on Fuyu 1 Block: Fuyu 1 Block is located in Songliao Basin, Jilin Province, the People's Republic of China and is operated by Kingworld Resources Limited, a wholly owned subsidiary of RHP. KRL entered into the petroleum contract for Fuyu 1 Block with China National Petroleum Corporation in November 2007. 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 Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment Loss on Goodwill for the Third Quarter Ended September 30, 2014

RH PetroGas Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $18,680,000 compared to $19,221,000 a year ago. Loss before tax was $19,368,000 compared to $13,388,000 a year ago. Loss for the period was $19,471,000 or 2.65 cents per basic and diluted share compared to $10,915,000 or 1.77 cents per basic and diluted share a year ago. Net cash flows from operating activities were $8,909,000 compared to $17,665,000 a year ago. Additions to exploration and evaluation assets were $3,768,000 compared to $5,288,000 a year ago. Additions to oil and gas properties were $1,194,000 compared to $5,690,000 a year ago. The decrease in revenue is mainly due to the decrease in average realised oil prices and lower group's oil and gas entitlement from the cost recovery for third quarter of 2014 under the terms of the production sharing contracts of the Basin and Island PSCs. For the nine months, the company reported revenue of $57,624,000 compared to $57,756,000 a year ago. Loss before tax was $14,987,000 compared to $12,782,000 a year ago. Loss for the period was $18,405,000 or 2.50 cents per diluted share compared to $15,173,000 or 2.46 cents per diluted share a year ago. Net cash flows from operating activities were $1,588,000 compared to $15,367,000 a year ago. Additions to exploration and evaluation assets were $13,024,000 compared to $14,304,000 a year ago. Additions to oil and gas properties were $4,581,000 compared to $12,237,000 a year ago. For the third quarter ended September 30, 2014, the company reported impairment loss on goodwill of $20,474,000.

RH Petrogas Limited's Fuyu 1 Block Receives Green Light to Advance into Commercial Production

RH Petrogas Limited announced that the group's Overall Development Plan for the phased development of the Yongping Oilfield in the Fuyu 1 Block has received approval from the National Development and Reform Commission of the People's Republic of China. The approval of the ODP will allow the group to advance into the development and production phase for Fuyu 1 Block. Fuyu 1 Block is located in Songliao Basin, Jilin Province, the People's Republic of China and is operated by Kingworld Resources Limited. 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. The approved ODP allows KRL to operate and drill up to 1,008 wells in Fuyu 1 Block over a course of five years. These are shallow wells with average depth of less than 300 metres. Fuyu 1 Block is expected to yield a total of 14.6 million barrels of oil during its production cycle, of which RHP will hold a 49% interest.

 

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