RH Petrogas starts seismic acquisition onshore Sarawak, Malaysia

6/30/2014

RH Petrogas starts seismic acquisition onshore Sarawak, Malaysia

SINGAPORE -- RH Petrogas Limited's wholly-owned subsidiary RHP (Mukah) Pte. Ltd. has started the acquisition of approximately 550 line kms of 2D seismic survey in Block SK331 onshore Sarawak. The survey is expected to be completed in November 2014.

Block SK331 is a large block covering an area of 11,600 sq km. The design and layout of the 2D seismic survey is based on the results of the 12,414 line km of full tensor gradiometry survey conducted in 2013 and of the reprocessing of old seismic lines within the block.

Through the results of this new 2D seismic survey, RH Petrogas is targeting to further evaluate several identified leads in order to upgrade and mature one or more of them into prospective candidates for exploration drilling.

RHP (Mukah) is the operator of Block SK331 and holds an 80% working interest in the block. Its partner is Petronas Carigali Sdn Bhd, which has a 20% working interest and is owned by Petronas, the national oil company of Malaysia which is vested with the entire ownership and control of the petroleum resources in the country.

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