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Rh Petrogas Limited News

16 Oct 2014

RH Petrogas’ Gets Green Light on Fuyu 1 Block

The approved ODP allows KRL to operate and drill up to 1,008 wells in Fuyu 1 Block over a course of five years. RH Petrogas Limited, which is engaged in the business of exploration, development and production of oil and gas resources, said that the Group’s Overall Development Plan for the phased development of the Yongping Oilfield in the Fuyu 1 Block has received approval from the National Development and Reform Commission of the People’s Republic of China. The approval of the ODP will allow the Group to advance into the development and production phase for Fuyu 1 Block. The approved ODP allows KRL to operate and drill up to 1,008 wells in Fuyu 1 Block over a course of five years. These are shallow wells with average depth of less than 300m.

10 Sep 2013

RH Petrogas Acquires Aerogravity Survey

Mainboard-listed RH Petrogas Limited (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.