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An announcement from RH Petrogas Limited ( (SG:T13) ) is now available.
RH Petrogas Limited announced the spudding of the Karim-1 exploration well in the Kepala Burung Production Sharing Contract in Southwest Papua, Indonesia. The well aims to assess the oil potential of the Miocene Kais reservoir and is part of the company’s exploration efforts under the Kepala Burung PSC. The company plans to drill the Northwest Klagagi-1 exploration well following the completion of Karim-1. These efforts are expected to reduce costs and enhance operational efficiency by drilling back-to-back in a remote but promising area.
More about RH Petrogas Limited
RH Petrogas Limited is an independent upstream oil and gas company headquartered in Singapore and listed on the Singapore Stock Exchange. The company operates across the full range of upstream activities, focusing on the exploration, development, and production of oil and gas resources, primarily in the ASEAN region. RH Petrogas has recently revamped its asset portfolio and holds two new producing assets in Indonesia.
Average Trading Volume: 2,120,123
Technical Sentiment Signal: Sell
Current Market Cap: S$136.3M
Find detailed analytics on T13 stock on TipRanks’ Stock Analysis page.