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641-660 of 1883
Oil Up ~3%, Monday chong ah ...CNY Ang Pao 
tec96157 ( Date: 13-Jan-2026 20:21) Posted:
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170 tomorrow 💪 💪 💪
RH Petrogas: No oil at Karim-1 exploration well
In an announcement on Dec 30, upstream hydrocarbons player RH Petrogas says that no oil was discovered at Karim-1 exploration well located in the Kepala Burung production sharing contract (PSC), Southwest Papua, Indonesia.
As no oil was discovered, RH will undertake permanent plug and abandonment of the well in line with regulatory requirements.
The oil and gas exploration company says that drilling reached a total depth of 4,293 feet (1,308 metres) measured depth, after spudding on Nov 21. RH added that during drilling, intermediate wireline logging data and gas chromatography indicated &ldquo trace to moderate&rdquo oil shows, &ldquo suggesting the presence&rdquo of a hydrocarbon system within the Khaili Limestone interval.
Further drilling continued to the primary objective Kais Limestone. After comprehensive wireline logging was conducted over the Kais Limestone formation, log analysis and pressure gradient data confirmed that the reservoir interval is water bearing.
Expressing his disappointment, RH Group CEO and ED Francis Chang says that the situation illustrated the &ldquo inherent risks and challenges&rdquo of exploration drillings. He adds, &ldquo Nevertheless, the data acquired from Karim-1 will contribute to a refined understanding of the play potential and to support future exploration evaluation in the Arar area.&rdquo
RH says the total cost of the Karim-1 exploration well is estimated at US$4.7 million net to the company&rsquo s working interest, which will be expensed in the financial year ending Dec 31.
Moving forward, RH will transfer the drilling rig to the northwest Klagagi-1 well site and commence preparations for exploration drilling there in the coming weeks.
Earlier on Dec 22, RH announced that its subsidiary Petrogas (Basin) has commenced the pre-flush injection stage of the chemical Enhanced Oil Recovery pilot project in the Walio field on Dec 20. The field is also located within the Kepala Burung PSC.
For 3Q FY2025 ended Sept 30, RH announced a net loss of around US$3.77 million, a reversal from the US$3.91 million profit from the previous corresponding period. For the nine months, net profit dropped y-o-y by 71.8% from US$13.1 million to around US$3.94 million.
RH has been dormant for quite a while, Might be waiting for the FY results.
Oil and gas both moving fast
180 later
Any news on the two exploration wells?
Target 0.245 ? 0.20 i Happy already
wehuattogether88 ( Date: 19-Aug-2025 10:31) Posted:
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Just for reference extracted from UOB Kay Hian report:
RH Petrogas (RHP SP)
1H25: Cash-Fuelled Resilience With Two Exploration Wells In Sep/Oct 25
RH Petrogas&rsquo 1H25 revenue fell 19% yoy on lower oil prices and reduced liftings, but
cost control helped the company to beat our earnings estimates on a run-rate basis.
Free cash flow surged to US$15m, implying an annualised 28% FCF yield, supported by
a net cash balance that makes up 54% of its market capitalisation. The upcoming
exploration drilling in September and October, if successful, could be potential share
price catalysts. Maintain BUY. Target price lowered slightly to S$0.245.
RH Petrogas (RHP SP)
1H25: Cash-Fuelled Resilience With Two Exploration Wells In Sep/Oct 25
RH Petrogas&rsquo 1H25 revenue fell 19% yoy on lower oil prices and reduced liftings, but
cost control helped the company to beat our earnings estimates on a run-rate basis.
Free cash flow surged to US$15m, implying an annualised 28% FCF yield, supported by
a net cash balance that makes up 54% of its market capitalisation. The upcoming
exploration drilling in September and October, if successful, could be potential share
price catalysts. Maintain BUY. Target price lowered slightly to S$0.245.
Yes pretty strong given that at average selling 70 dollars net profit is still 3-4 million,
brent currently is hovering around 64-66 range, 30MA still above 68.
Still we have to agree it' s under presure, but as of today, they should still be on profit zone
unless massive spending on exploring of oil.
One key diff from REX is oil reserve, but RH cost is lower supporting operation profit.
just my view.
holding mine as well for oil to rebound
brent currently is hovering around 64-66 range, 30MA still above 68.
Still we have to agree it' s under presure, but as of today, they should still be on profit zone
unless massive spending on exploring of oil.
One key diff from REX is oil reserve, but RH cost is lower supporting operation profit.
just my view.
holding mine as well for oil to rebound
stlimst ( Date: 15-Aug-2025 11:25) Posted:
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Yes, I am rooting for RH too.
Not too bad performance and strong balance sheet too.
Compared to REX, I think RH is more ' steady' not that volatile (speculative?)
Not too bad performance and strong balance sheet too.
Compared to REX, I think RH is more ' steady' not that volatile (speculative?)
wehuattogether88 ( Date: 15-Aug-2025 11:17) Posted:
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RH still profitable, but don?t move much.
Compared to REX, at least RH is not loss making.
Compared to REX, at least RH is not loss making.
yes this counter had been sleeping very very long, tomorrow must wake up.following REX
crossing 0.20
crossing 0.20
Stocky901 ( Date: 06-Aug-2025 17:13) Posted:
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Oil in super green zone now.. up 1.5% 😲
Stocky901 ( Date: 06-Aug-2025 16:29) Posted:
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This is coming... ✌ ️
Stocky901 ( Date: 30-Jul-2025 10:13) Posted:
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This is a junk stock.
Sold my Rex to buy into this, turns out it is worse than Rex.
Holding 2-3 years, going nowhere, don' t even have dividend.
Going to get rid of it as soon as I break even.
Sold my Rex to buy into this, turns out it is worse than Rex.
Holding 2-3 years, going nowhere, don' t even have dividend.
Going to get rid of it as soon as I break even.
RH's turn to hit 200/205 range?🤞 🤞
Stocky901 ( Date: 28-Jul-2025 17:36) Posted:
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Sleeping for too long 😴 😴 .. tomorrow should have gap up due to jumping up of oil prices 🧐 🧐
Sorry $69.54
Stocky901 ( Date: 24-Jul-2025 18:35) Posted:
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Hit $79.54✌ ️ effects of trump's tariff agreements with Japan & EU.. China is next.. energy & stock mkts all rocket.. ✌ ️
ssw518 ( Date: 24-Jul-2025 14:40) Posted:
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