Singapore Stock Market News
RH Petrogas - Roadshow And Operation Highlights
StockFanatic
Publish date: Thu, 28 Nov 2013, 03:57 PM
StockFanatic
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We took RHP's management on a non-deal roadshow on Tuesday. The company has published its 2014 drilling programme, planned reserve upgrades, and schedule of upcoming news flow. Operationally, wireline logs indicate potential hydrocarbon zones in the Klagalo-1 well, while development wells at Klalin-15 and -17 have gas and condensate flows with rates to be confirmed.
The stock is trading at a 35% discount to its production assets. Maintain BUY, with SGD1.38 TP.
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