RH Petrogas Wins Key Legal Battles in Indonesia

Tip Ranks
2025.07.01 15:42
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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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The latest update is out from RH Petrogas Limited ( (SG:T13) ).

RH Petrogas Limited announced a favorable outcome in a legal dispute involving its subsidiary, Petrogas (Basin) Ltd., and the Supreme Court of Indonesia. The court ruled in favor of PBL, overturning a previous decision that required compensation to a plaintiff claiming land ownership. This decision allows RH Petrogas to reverse a financial provision made in 2024, positively impacting its financial statements. Additionally, another lawsuit involving land ownership claims on Salawati Island was dismissed, further strengthening the company’s legal standing.

More about RH Petrogas Limited

RH Petrogas Limited operates in the oil and gas industry, focusing on exploration and production activities. The company, along with its subsidiaries, engages in operations primarily in Southeast Asia, with a significant market presence in Indonesia.

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Technical Sentiment Signal: Buy

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