RH Petrogas Limited (the Company) reported Monday that its wholly owned subsidiary RHP (Mukah) Pte. Ltd. (RHP (Mukah)), has commenced June 28 the acquisition of approximately 341 line miles (550 line kilometers) of 2D seismic survey in Block SK331 onshore Sarawak, Malaysia. The survey is expected to be completed in November 2014.
Block SK331 is a large block covering an area of 4,479 square miles (11,600 square kilometers). The design and layout of the 2D seismic survey is based on the results of the 7,718 line miles (12,414 line kilometers) of full tensor gradiometry (FTG) survey conducted in 2013 and of the reprocessing of old seismic lines within the block. Through the results of this new 2D seismic survey, the Company is targeting to further evaluate several identified leads in order to upgrade and mature one or more of them into prospective candidate(s) for exploration drilling.
RHP (Mukah) is the operator of Block SK331 and holds an 80 percent working interest in the block. Its partner is Petronas Carigali Sdn Bhd which has a 20 percent working interest and is owned by Petroliam Nasional Berhad, 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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