$RH PetroGas (T13.SG)$ RH Petrogas has released its updates ...
RH Petrogas has released its updates on the drilling of the Piarawi-1 exploration well in the Salawati Production Sharing Contract, Southwest Papua, Indonesia.
The well has since been drilled to a total depth of 11,050 feet as at Mar 2024 and encountered 25 feet of net oil pay in a tighter than expected reservoir within the target Kais carbonate formation.
Francis Chang, CEO and executive director of RH Petrogas T13 0.00% , says, "Once the well is put on production, it would be the first significant increase in production under the Salawati PSC which commenced in 2020."
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102765799 : phew.. looks like it was worth waiting a bit for rex
bullrider_21 OP 102765799 : Yes. But I think RHP has more upside.
102765799 bullrider_21 OP : thankfully I didn't let go and cut more losses.. but whether it will up more is a qn
bullrider_21 OP 102765799 : Yes. Also depends on oil prices which are not really rising.