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RH Petrogas Limited ( (SG:T13) ) has issued an announcement.
RH Petrogas has delayed the planned spudding of its Northwest Klagagi-1 exploration well in the Arar block of the Kepala Burung PSC in Southwest Papua, Indonesia, from the original February 2026 target to around the end of the first quarter of 2026. The postponement stems from external factors, notably intermittent access road blockages by a small group of local villagers and difficult road conditions caused by heavy rainfall, though the company says it is making progress with local authorities and stakeholders to resolve the issues, and has redeployed its Petrogas Rig #3 to workover and well services in the Arar block to maintain operational productivity while preparations continue.
More about RH Petrogas Limited
RH Petrogas Limited is an independent upstream oil and gas company headquartered in Singapore and listed on the mainboard of the Singapore Exchange, operating across exploration, development and production of oil and gas resources. The group is geographically focused on the ASEAN region and currently holds two producing assets in Indonesia as part of a recent strategic renewal and revamp of its asset portfolio, positioning itself to grow as a leading independent energy company in Southeast Asia.
Average Trading Volume: 1,128,276
Technical Sentiment Signal: Sell
Current Market Cap: S$127.9M
For detailed information about T13 stock, go to TipRanks’ Stock Analysis page.