RH Petrogas flags 3Q 2025 loss on S$10.2 million exploration write-off

SGX Filings

2025/10/31

RH Petrogas Limited said it expects to report a net loss for the quarter ended Sep, 30 2025 after writing off about 10.2 million Singapore dollars of capitalised costs for a 3D seismic survey in the Salawati PSC offshore area.

The upstream oil-and-gas group added that it remains profitable for the nine-month period to Sep, 30 2025 and anticipates positive EBITDAX and net operating cash flow for both the quarter and the nine-month span. Unaudited results are slated for release on or before Nov, 14 2025.

The seismic study has provided geological insights that will support future drilling, the company said, noting plans to drill two exploration wells in the adjoining Kepala Burung PSC, with the first well to be spudded before year-end.

RH Petrogas advised shareholders and investors to exercise caution when dealing in its shares.

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