- RH PetroGas (RHP, SGX:T13) has a solid track record of operating its two mature oil fields onshore Indonesia, and with three potentially high-impact wells to be drilled in 3Q23, we initiate coverage with a BUY rating and a target price of S$0.255.
- - Read this at SGinvestors.io -
RH Petrogas – An oil & gas company focused on Indonesia.
- Over the past five years, RH PetroGas has rationalised its business by selling off two assets – a high-cost oil production asset in China and an exploration asset in Malaysia. As a result, it currently has only two producing assets in Indonesia: the Kepala Burung Production Sharing Contract (PSC) and the Salawati PSC, both of which are located onshore West Papua.
- - Read this at SGinvestors.io -
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/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-04-06
Previous report by UOB:
2022-12-14 RH Petrogas - Inexpensive 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
