The Board of Directors of RH Petrogas Limited together with the Operator of Kepala Burung PSC i.e. PetroChina International (Bermuda) Ltd., are pleased to announce that the drilling of the Klagalo-1 exploration well ('Klagalo-1') has been commenced on 15 Oct 2013 using the Huabei Rig #6 in onshore Kepala Burung PSC ('Basin PSC'), West Papua. RH Petrogas Limited has an aggregate 60% working interest in the Basin PSC through its wholly owned subsidiaries Petrogas (Basin) Ltd. ('PBL') and RHP Salawati Basin B.V.('RHPSB').
Meanwhile its partner, PetroChina International (Bermuda) Ltd., holds 30% participating interest of Basin PSC and PT Pertamina Hulu Energi Salawati holds the balance 10%. The consortium, as contractor of Indonesian government operating under the supervision of SKK Migas (Satuan Kerja Khusus Minyak dan Gas), has actively explored and produced oil and gas in the working area. The Basin PSC covers an area of 872 km2.