CapAllianz Holdings Reports Decrease in Oil and Gas Reserves in Thailand
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CapAllianz Holdings Limited (SG:594) announced a decrease in oil and gas reserves in Thailand following a reserve evaluation report by Chapman Hydrogen and Petroleum Engineering Ltd. The report, compliant with the Petroleum Resources Management System, indicates reduced estimates as of June 30, 2025, potentially affecting the company's operational strategies and stakeholder interests. CapAllianz, based in Singapore, holds a 20% working interest in onshore oil concessions in the Phetchabun Basin, with a current market cap of S$18.41M.
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