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An announcement from RH Petrogas Limited ( (SG:T13) ) is now available.
RH Petrogas reported relatively stable production from its Indonesian PSCs despite natural decline, using workovers, infill drilling and enhanced oil recovery to offset disruptions such as a 2025 power outage and a shut-in high productivity well. The group has also driven down production costs through efficiency and synergies between the blocks, while maintaining strong safety performance and earning multiple health, safety and environment accolades from Indonesian authorities.
Financially, the company remained profitable in 2025 with solid operating cash flow, higher net asset value per share and no external debt or shareholder loans, though results were affected by a write-off of unsuccessful exploration spending. RH Petrogas is advancing its growth agenda with additional exploration wells and a 3D seismic programme under extended work commitments, positioning itself to benefit from a tighter and more volatile oil market amid geopolitical disruptions that have pushed global prices higher.
The company also highlighted its corporate social responsibility efforts in West Papua, including investments in village water infrastructure, nutrition and health initiatives, teacher training and environmental education. These programmes aim to support local communities around its operating areas and reinforce its commitment to safe, responsible and sustainable development in its host regions.
More about RH Petrogas Limited
RH Petrogas Limited, listed on the SGX mainboard under ticker T13, is an upstream oil and gas pure-play focused on exploration, development and production in Indonesia. The company operates two production sharing contracts, Kepala Burung and Salawati in Southwest Papua, with significant oil and gas reserves and a stated ambition to be a leading independent energy company in ASEAN.
Average Trading Volume: 13,305,481
Technical Sentiment Signal: Buy
Current Market Cap: S$165.1M
Find detailed analytics on T13 stock on TipRanks’ Stock Analysis page.