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:
2025-08-19 RH Petrogas 1H25 - Cash-fuelled Resilience With Two Exploration Wells In Sep/Oct 25.

Previous report by UOB:
2025-03-05 RH Petrogas - Cost Control The Highlight With Two Wells To Watch In July.

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