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The latest update is out from RH Petrogas Limited ( (SG:T13) ).
RH Petrogas Limited announced a favorable outcome in a legal dispute involving its subsidiary, Petrogas (Basin) Ltd., and the Supreme Court of Indonesia. The court ruled in favor of PBL, overturning a previous decision that required compensation to a plaintiff claiming land ownership. This decision allows RH Petrogas to reverse a financial provision made in 2024, positively impacting its financial statements. Additionally, another lawsuit involving land ownership claims on Salawati Island was dismissed, further strengthening the company’s legal standing.
More about RH Petrogas Limited
RH Petrogas Limited operates in the oil and gas industry, focusing on exploration and production activities. The company, along with its subsidiaries, engages in operations primarily in Southeast Asia, with a significant market presence in Indonesia.
Average Trading Volume: 9,669,022
Technical Sentiment Signal: Buy
Current Market Cap: S$143.7M
See more insights into T13 stock on TipRanks’ Stock Analysis page.