Oil & Gas

RH Petrogas currently has 2 Oil & Gas projects - Fuyu 1 Block and Orchard Energy Pte Ltd.

Fuyu 1 Block

RH Petrogas' acquisition of the entire issued share capital of Kingworld Resources Limited ("KRL") - which had on 12 November 2007 entered into a production sharing contract ("PSC") with China National Petroleum Corporation ("CNPC") to jointly develop and produce hydrocarbon resources in Block 1 of Fuyu in the Songliao Basin, Jilin Province, the PRC ("Fuyu 1 Block") - launches the Group’s diversification into the oil and gas industry, with the aim of being an independent oil and gas operator in the region.

Orchard Energy Pte Ltd

RH Petrogas Limited successfully completed the acquisition of Orchard Energy Pte. Ltd. ("Orchard Energy") on 14 June 2010. Singapore-based Orchard Energy is an oil and gas exploration and production company which holds a production sharing contract in relation to the exploration and production of petroleum in West Belida Block, Jambi, South Sumatra, Indonesia, covering an area of approximately 1,402.19 sq km. Orchard Energy project, along with our first project in China, reiterates our position as a major player in the oil and gas industry.

Orchard Energy changed its name to RH Petrogas Singapore Pte. Ltd. on 7 July 2010.

RH Petrogas Limited intends to keep exploring more such opportunities going forward.