RH Petrogas Delays Northwest Klagagi-1 Exploration Well Spudding in Indonesia

Tip Ranks
2026.01.24 09:12
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RH Petrogas Limited has delayed the spudding of its Northwest Klagagi-1 exploration well in Indonesia from February 2026 to the end of Q1 2026 due to external factors, including access road blockages and heavy rainfall. The company is working with local authorities to resolve these issues and has redeployed its Petrogas Rig #3 for workover and well services to maintain productivity. RH Petrogas is an independent oil and gas company based in Singapore, focused on the ASEAN region, with a market cap of S$127.9M.