RH Petrogas Acquires Aerogravity Survey
Mainboard-listed RH Petrogas Limited (T13.SI) (RHP), engaged in the business of exploration, development and production of oil and gas resources, is pleased to announce that its wholly owned subsidiary, RHP (Mukah) Pte Ltd,has completed the acquisition of 12,414.2 line kilometers of Full Tensor Gradiometry (FTG) survey on August 9, 2013. Acquired from a light aircraft flown at low altitudes, the FTG survey measures the small variation of gravity of the Earth which is caused by change of subsurface rocks. FTG surveys have much higher resolution than conventional gravity survey and can aid significantly in identifying prospective hydrocarbon basins. The successes of recent large oil finds in East Africa have been attributed to this survey method.The FTG data acquired in Block SK331 is being processed and interpreted to target areas for 2D seismic acquisition in the block.
“We are pleased with the progress of our exploration activities made in our first operated block in Malaysia. This FTG data, together with other data which we have, will enable us to incrementally target our exploration efforts within this huge acreage. We plan to continue expeditiously with our planned exploration program for the block.” Francis Chang, VP Exploration & Production.