Mainboard-listed RH Petrogas Limited ('RHP'), engaged in the business of exploration, development and production of oil and gas resources, is pleased to announce that its subsidiaries have completed drilling of the Klalin-14 development well in the Kepala Burung PSC ('Basin PSC'), located in the West Papua region of Indonesia. RHP has an aggregate 60% working interest in the Basin PSC held through its wholly owned subsidiaries Petrogas (Basin) Ltd. and RHP Salawati Basin B.V..

The Klalin-14 development well is part of the Klalin field development program. The well encountered 81 feet of total net pay and tested production rates of 9.8 million standard cubic feet of natural gas per day ('MMSCFGD') and 220 barrels of condensate per day ('BCPD') on a 24/64' choke from two zones. Depending on the gas demand, the well is expected to produce 3 MMSCFGD and 150 BCPD once production starts in the near future.

Tags: RH Petrogas Limited