RH Petrogas

Re: RH Petrogas

Postby winston » Thu Mar 02, 2017 1:47 pm

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FY 2016

Revenue: -2%
Loss: -95%
Cash: US$5.5m
NAV: 0.74


http://infopub.sgx.com/FileOpen/2017022 ... eID=440772
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Re: RH Petrogas

Postby winston » Fri Nov 10, 2017 9:10 am

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DETAILS OF DEVELOPMENT AND/OR PRODUCTION ACTIVITIES UNDERTAKEN BY KRL IN RESPECT OF THE FUYU 1 BLOCK PROJECT


Following preparatory works that have been carried out in the first half of the year,

KRL began to implement a small-scale production scheme with four (4) wells during the quarter.

The crude oil produced was sold to the contracted buyer, China National Petroleum Corporation (“CNPC”) and delivered by trucks to CNPC’s storage terminal in accordance with the signed sales agreement. There are plans to expand the production scheme to up to twelve (12) wells by the end of the year.

http://infopub.sgx.com/FileOpen/2017110 ... 5-49374913
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Re: RH Petrogas

Postby behappyalways » Thu May 17, 2018 9:05 am

RH Petrogas’ 1Q earnings surge to $3.6 mil on higher crude oil price and volumes lifted

By PC Lee

SINGAPORE (May 9): RH Petrogas, the investment holding company engaged in trading, exploration and production of oil and gas, reported 1Q18 earnings surged to US$2.7 million ($3.6 million) from US$0.7 million a year ago.

Revenue rose 32% to US$18.3 million mainly due to a 25% increase in the average realised oil price for the period from US$53 per barrel in 1Q17 to US$66 per barrel in 1Q18, as well as higher volume of crude oil lifted during 1Q18 as compared to 1Q17 at Basin production sharing contracts (PSC).

Cost of sales increased by 25% to US$15.7 million in 1Q18 compared to 1Q17 mainly due to the increase in cost of production and higher accrual for production expense as a result of over-lifting in 1Q18 following the adoption of a new financial reporting standard.

These were partially offset by a decrease in depletion and amortisation of oil and gas properties.


In line with the higher revenue, the gross profit increased 97% to US$2.7 million in 1Q18 from US$1.4 million in 1Q17.

Other income for 1Q18 came in at US$1.3 million compared to US$0.8 million in 1Q17 mainly due to foreign exchange gain and higher head office overhead charged to partners in Basin PSC.

Despite the improved sentiment, the outlook for the oil market remains volatile in the near term.

The group will continue to maintain a prudent approach in managing its operating costs and focus its efforts on improving operational efficiency.

Shares in PH Petrogas closed at 9.4 cents on Wednesday.

Source: The Edge

https://www.theedgesingapore.com/rh-pet ... mes-lifted
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Re: RH Petrogas

Postby behappyalways » Wed Jun 27, 2018 6:32 pm

RH Petrogas awarded 20-year terms for production sharing contracts in Indonesia
https://www.theedgesingapore.com/rh-pet ... -indonesia
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Re: RH Petrogas

Postby winston » Sat Oct 27, 2018 5:35 pm

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1H 2018

Revenue: US$9.5m; +11%
Loss: -US$0.9m;

Whilst the Group is in a negative working capital position as at 30 June 2018, the Group believes that its business operations would be able to generate sufficient cash flows to meet its short-term obligations as and when they fall due.

As at 30 June 2018, the Group has cash and bank balance of US$12,049,000. With no outstanding bank loan to service, the Group would be able to deploy its cash flow for its operational requirements and other areas.

http://infopub.sgx.com/FileOpen/2018080 ... eID=520392
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Re: RH Petrogas

Postby winston » Thu Jun 06, 2019 4:45 pm

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1Q 2019 Results

Revenue: -28%
Profits After tax: -88%

https://links.sgx.com/FileOpen/20190510 ... eID=558916
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Re: RH Petrogas

Postby winston » Mon Nov 04, 2019 8:29 am

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RH Petrogas says Expected To Record A Loss For 3Q2019

Nov 1 (Reuters) - Rh Petrogas Ltd :

* EXPECTED TO RECORD A LOSS FOR 3Q2019

* EXPECTED RESULT DUE TO IMPAIRMENT OF COSTS INCURRED INRELATIONTO A NEW 2D SEISMIC DATA ACQUISITION AND PROCESSING PROGRAM

* GROUP CONTINUED TO GENERATE POSITIVE EBITDAX AND NET CASHFLOWS FROM OPERATIONS IN

Source: Reuters
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Re: RH Petrogas

Postby winston » Sun Nov 24, 2019 3:22 pm

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3Q Results

Revenue: -4%; US$14m
Losses Before Tax: -US$2.8m

Cash: US$9m
734m Shares
Cash Per Share: US$0.012 / share or about Sin$0.016 per share

https://links.sgx.com/FileOpen/20191107 ... eID=584770
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Re: RH Petrogas

Postby winston » Mon May 31, 2021 2:59 pm

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1Q, 2021

Revenue: +40%
Profit: US$8.5m
Cash: US$21m

https://links.sgx.com/FileOpen/20210507 ... eID=665448
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Re: RH Petrogas

Postby winston » Fri Jun 04, 2021 12:06 pm

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SUSTAINABILITY REPORT 2020

As of end 2020, the Group held participating interests in two producing assets, namely the Kepala Burung Production Sharing Contract (“Kepala Burung PSC”) and the Salawati PSC (“Salawati PSC”; collectively, the “New PSCs”), both located in Indonesia.

The Group employed a total of 419 staff as of 31 December 2020.

2020 Revenue: US$50m
2020 Losses: US$4.8m


https://links.sgx.com/FileOpen/RHP_Sust ... eID=669520
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