RH Petrogas Wins Key Legal Battles in Indonesia
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RH Petrogas Limited has won significant legal victories in Indonesia, with the Supreme Court ruling in favor of its subsidiary, Petrogas (Basin) Ltd., which overturns a previous compensation requirement related to land ownership. This ruling allows RH Petrogas to reverse a financial provision made in 2024, positively affecting its financial statements. Additionally, another land ownership lawsuit on Salawati Island was dismissed, further enhancing the company's legal position. RH Petrogas operates in the oil and gas sector, primarily in Southeast Asia, particularly Indonesia.
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