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SGX/MEDIA RELEASE – FOR IMMEDIATE RELEASE
RH Petrogas continues its exploration
program with the drilling of the Klagalo-1
exploration well in the Basin PSC
The well is testing a huge Klagalo prospect which, if
successful, will open up new fairway for the Kais Limestone
reservoir
This well is in close proximity to existing oil and gas
discoveries
The well will reach a vertical depth of 2,085 meters and drilling
is anticipated to take approximately 38 days
SINGAPORE – 16 October 2013 – Mainboard-listed RH Petrogas Limited (“RHP” or the
“Group”), engaged mainly in the business of exploration, development and production of o il
and gas resources, is pleased to announce that the Group has on 15 October 2013
commenced the drilling of the Klagalo-1 exploration well (“Klagalo-1”) in onshore Kepala
Burung PSC (“Basin PSC”) using the Huabei Rig #6. The Basin PSC is located in West
Papua, Indonesia and covers an area of 872 km2.
The Klagalo prospect was identified following a 290 km2 3D seismic survey conducted in
2004. It is located approximately 9 km east of the two North Klalin oil and gas discoveries
made by the Group in recent years.
Klagalo-1 is planned to reach a total vertical measured depth of 2,085 meters and the drilling
is anticipated to take approximately 38 days.
Mr Francis Chang, Vice President of Exploration and Production of RH Petrogas said, “ The
Klagalo-1 is test ing a hug e pros pect and if succ essful , wi l l open up new fairway for
the Kais l imeston e reservoir.”
The Group has an aggregate 60% working interest in the Basin PSC through its wholly
owned subsidiaries Petrogas (Basin) Ltd. and RHP Salawati Basin B.V. Meanwhile its
partner, PetroChina International (Bermuda) Ltd. (Operator of the PSC), holds 30%participating interest of Basin PSC and PT Pertamina Hulu Energi Salawati holds the
balance 10%. The consortium, as contractor of Indonesian government operating under the
RH PETROGAS LIMITED
20 Harbour Drive, #06-03 PSA Vista
Singapore 117612
Company Registration No: 198701138Z
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supervision of SKK Migas (Satuan Kerja Khusus Minyak dan Gas), has actively explored
and produced oil and gas in the working area.
The Group would also like to provide an update on the status of the Zircon-1 exploration well
(“Zircon-1”). The testing of Zircon-1 has been delayed due to rig repairs. The Group will
provide further update once testing is completed.
--END--
ABOUT RH PETROGAS LIMITED (Bloomberg Ticker: RHP SP)
RH Petrogas Limited (“RHP”) is an independent upstream oil and gas company headquartered in
Singapore. RHP is focused on exploration, development and production of oil and gas deposits.
RHP has producing, development and exploration blocks in Indonesia, China and Malaysia.
RHP aspires to be a leading independent upstream oil and gas company in the region and is actively
looking for further growth opportunities in the sector.
For more information please visit the website at: www.rhpetrogas.com
Issued for and on behalf of RH Petrogas Limited
By Financial PR Pte Ltd
For more information, please contact:
Romil SINGH / KEE Vern Cheng / Kathy ZHANG
[email protected] / [email protected]
Tel: (65) 6438 2990, Fax: (65) 6438 0064
