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

RH Petrogas - 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.
  • - Read this at SGinvestors.io -
  • 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.

  • Read more at SGinvestors.io.

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

Singapore Research UOB Kay Hian Research | https://research.uobkayhian.com/ 2022-12-14

Read also UOB's most recent report:
2023-08-24 RH Petrogas - Poor 1H23 Results; But Exploration Upside Is Key.

Previous report by UOB:
2023-04-06 RH Petrogas - Well-Managed Upstream Oil Company With Drilling Catalysts In 2023.

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 Dividends & Corporate Actions,
RH PetroGas News Articles


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