RH Petrogas - UOB Kay Hian 2023-04-06: Well-Managed Upstream Oil Company With Drilling Catalysts In 2023

• 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 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:
2026-03-13 RH Petrogas - Delivers Profit Despite Exploration Write-offs In 2025 .

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

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