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RH PetroGas
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RH Petrogas - (Next Rex?)
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tankoksee
Supreme |
16-Aug-2021 16:46
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10 cts?
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SG-Insider
Veteran |
16-Aug-2021 16:44
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No support at all.....I run liao... Hope you guys good luck !! |
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PQTPQK
Supreme |
16-Aug-2021 16:41
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drop alot today.... any level can try ?? | ||||
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SG-Insider
Veteran |
16-Aug-2021 15:07
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TOKYO : Oil prices fell more than 1per cent on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the Delta variant raised worries about a recovery in fuel demand. Brent crude was down 80 cents, or 1.1per cent, at US$69.79 a barrel by 0046 GMT, after edging lower last week. U.S. oil fell by 81 cents, or 1.2per cent, to US$67.63 a barrel, having risen slightly last week. " Crude oil remained under pressure as the fast spreading Delta variant of the coronavirus casts a cloud over the outlook for demand," ANZ Research said in a note. Official data from China on retail sales, industrial production and urban investment is expected to show that a recent tightening of coronavirus restrictions prompted declines in activity in the world' s second-biggest economy in July. In Japan, the world' s fourth-biggest importer of crude oil, many analysts expect modest economic growth in the current quarter as state of renewed emergency restrictions to deal with record cases of infections weigh on household spending. The International Energy Agency on Thursday said rising demand for crude oil reversed course in July and was expected to increase at a slower rate over the rest of 2021 because of surging COVID-19 infections from the Delta strain. |
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SG-Insider
Veteran |
16-Aug-2021 14:51
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Tomorrow will see 0.13 for RH
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weishent
Elite |
16-Aug-2021 14:49
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RH drag down by Rex dropping below .199 | ||||
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SG-Insider
Veteran |
16-Aug-2021 14:36
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No strong support !! | ||||
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SG-Insider
Veteran |
16-Aug-2021 14:35
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Looks like going to down until pants drops  | ||||
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SG-Insider
Veteran |
16-Aug-2021 13:11
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Waiting for 0.130
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SG-Insider
Veteran |
16-Aug-2021 10:16
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https://www.channelnewsasia.com/business/oil-falls-delta-surge-clouds-fuel-demand-outlook-2114936 | ||||
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SG-Insider
Veteran |
16-Aug-2021 10:13
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 Oil falls as Delta surge clouds fuel demand outlook |
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SG-Insider
Veteran |
16-Aug-2021 09:42
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a lot ppl  panic lor..
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LZLOmega
Veteran |
16-Aug-2021 09:40
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what happened to the counter? | ||||
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piscesmonkey
Supreme |
16-Aug-2021 09:40
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Wow this drop can see 130 sia | ||||
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yoga123
Master |
13-Aug-2021 23:37
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Agree.   I bought some to average down, now my average price is at 0.182 now.   How about you ? Today was a disappointing day for oil counters such as RH Petrogas and Rex,   despite good results being released. Hope next week onwards would be positive and resume uptrend again.     ![]()
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Sgvale
Supreme |
13-Aug-2021 11:35
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Been profitable for last few quarters. If sustain it is low point to collect & wait for spring
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SG-Insider
Veteran |
13-Aug-2021 10:33
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So far 162 is lowest
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piscesmonkey
Supreme |
13-Aug-2021 10:20
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Going hit 150? | ||||
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SG-Insider
Veteran |
13-Aug-2021 10:13
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Its time to collect  | ||||
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yoga123
Master |
13-Aug-2021 00:53
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Good results released,   time for it to push up towards 0.20 again.   Cheers to all supporters !     ![]()   6.1.1. The Group recorded revenue of US$20,825,000 for the second quarter period ended 30 June 2021 (" 2Q 2021" ), an increase of 104.2% as compared to the US$10,196,000 recorded in the second quarter period ended 30 June 2020 (" 2Q 2020" ). The significant increase in revenue was mainly attributable to a 139.3% increase in the average realised oil price for the period from US$28 per barrel in 2Q 2020 to US$67 per barrel in 2Q 2021 for the crude oil lifted in both the Kepala Burung production sharing contract (" PSC" ) and the Salawati PSC. 6.1.2. The cost of sales decreased by 19.7% to US$10,331,000 in 2Q 2021 as compared to 2Q 2020 mainly due to the absence of depletion and amortisation of oil and gas properties (see paragraph 6.2.1 below) as well as lower cost of production. This was partially offset by the higher depreciation expense on right-of-use assets of US$1,519,000 for 2Q 2021 (2Q 2020: US$1,094,000). 6.1.3. The Group recorded a gross profit of US$10,494,000 in 2Q 2021 as compared to a gross loss of US$2,670,000 in 2Q 2020 as a result of the higher revenue and decrease in cost of sales. 6.1.4. Other income decreased from US$217,000 in 2Q 2020 to US$190,000 in 2Q 2021 mainly due to (i) lower head office overheads charged to partners in the Kepala Burung PSC and (ii) lower cash payouts received from the Singapore Government Jobs Support Scheme. These were partially offset by recognition of underlift income of US$79,000 in the Kepala Burung PSC. 6.1.5. Administrative expenses for 2Q 2021 decreased by 3.4% to US$832,000 as compared to 2Q 2020 mainly due to decrease in staff costs, professional fees and other monthly overheads. 6.1.6. The increase in other expenses for 2Q 2021 was mainly due to recognition of overlift expenses of US$870,000 in the expired Island PSC and Kepala Burung PSC, and partially offset by lower foreign exchange loss. 6.1.7. Finance costs for 2Q 2021 were higher as compared to 2Q 2020 due to the higher interest expense on lease liabilities for the Kepala Burung and Salawati PSCs, and was partially offset by the absence of unwinding of discount on decommissioning provisions for the expired Basin and Island PSCs which was recorded in 2Q 2020. 6.1.8. The income tax expense of US$4,003,000 in 2Q 2021 mainly comprised the Group' s share of the income tax expense of US$4,351,000 for both Kepala Burung PSC and the Salawati PSC, which was partially offset by recognition of deferred tax assets of US$352,000 for the Kepala Burung PSC. 6.1.9. As a result of the above, the Group recorded a net profit of US$4,315,000 and EBITDAX (see Section F Note 6.2 above) of US$8,915,000 for 2Q 2021 as compared to a net loss of US$4,716,000 and negative EBITDAX of US$1,440,000 for 2Q 2020.  
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