RH Petrogas - UOB Kay Hian 2022-12-14: Inexpensive Upstream Oil Company With Drilling Catalysts In 2023

• RH PetroGas (RHP) is an Indonesia-focused oil & gas company with two assets in West Papua. In the last five years, RH PetroGas has performed well operationally, with growth in its oil production, and good cost control.
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• RH PetroGas's share price currently trades on an EV/boe of US$1.88/boe and 2022 ex-cash P/E of 2.6x.

RH Petrogas is an oil & gas company focused on Indonesia.

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• RH PetroGas owns 70% of these PSCs while its 30% partner is Indonesia’s national oil company, Pertamina.

Strong execution ability.

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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-03-05 RH Petrogas - Cost Control The Highlight With Two Wells To Watch In July.

Previous report by UOB:
2024-08-21 RH Petrogas - Strong 1H24 Results Due To Solid Cost Control & Higher Oil Prices.

Price targets by other brokers at RH PetroGas Target Prices.

Listing of research reports at RH PetroGas Analyst Reports.

Relevant links:
RH PetroGas Share Price History,
RH PetroGas Announcements,
RH PetroGas Dividend Payout Dates & Corporate Actions,
RH PetroGas News