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All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.

Expanding Our Horizon Corporate Presentation

October 2013


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Disclaimer

2

The information set out in this presentation has been produced by RH Petrogas Limited as of 16 October 2013. This

presentation and the information contained herein does not constitute an offer to sell or an invitation to purchase any

securities in, or any underlying assets of RH Petrogas Ltd, nor is it intended to form any part of any investment

decision.

For the avoidance of doubt, RH Petrogas Ltd, including its subsidiaries, associated companies, and their respective

directors, employees, or advisers makes no express or implied representation or warranty and no responsibility or

liability is accepted by any of them with respect to the accuracy or completeness of the information set forth in this

presentation. Nothing contained herein is, or shall be relied upon as, a promise or a representation regarding the

historic or current position or performance, or any future events or performance of RH Petrogas Ltd. Parties should

make their own assessment, undertake such investigations as they see fit and obtain their own independent legal or

other advice thereon.

This presentation may include certain forward-looking statements. All statements, other than statements of historical

facts, that address activities, events or developments that RH Petrogas Ltd expects or anticipates will or may occur in

the future are forward-looking statements. RH Petrogas Ltd’s actual results or developments may differ materially from

those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not

limited to price fluctuations, actual demand, exchange rate fluctuations, market shares, competition, environmental

risks, changes in legal, financial and regulatory frameworks, international economic and financial market conditions,

political risks, project delay, project approval, cost estimates and other risks and factors beyond the control of RH

Petrogas Ltd. In addition, RH Petrogas Ltd makes the forward-looking statements referred to in this presentation as of

today and undertakes no obligation to update these statements.

This presentation was prepared exclusively for the parties presently being invited for the purposes of discussion.

Neither this presentation nor any of its content may be used without the prior written consent of RH Petrogas Ltd. This

presentation contains proprietary and confidential information regarding RH Petrogas Ltd.



Table of contents

A. Investment highlights 4-14

B. Business overview 15-30

C. Financial overview 31-32

D. Way forward 33-34

3

Page


All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd. 4

A. Investment highlights



Investment highlights

5

1 Independent SGX-listed oil and gas E&P company with strong growth potential

2 Proven successful track record

3 Diversified E&P portfolio with 5 PSCs in Asia region with production of 4,300 BOEPD in 2012

6 Good knowledge and strong network with access to opportunities in the region

to drive company’s growth

4 Strong major shareholder support with extensive network

5 Highly experienced management team



MMBOE

Net Working Interest Reserves/Resources

RH Petrogas is an independent small cap E&P company listed on SGX

Potential rapid growth in production from current portfolio

Significant exploration upside

─ 1,044 MMBOE of unrisked prospective resources

2012 average net working interest production of 4,300 BOEPD

Conversion of contingent resources to 2P reserves in 2014

1 Independent E&P operator listed on SGX

with significant exploration upside

6

2P1 2C Unrisked Prospective Resources

(Best estimate)

11

62

1,044 1. Third party independent certification


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2 Proven successful track record

“Tri-M Technologies (S) Ltd” engaged in the electronics manufacturing business, listed on SGX

Gas & condensate discovery of North Klalin, Basin PSC, gas discovery in Fuyu, China

Completed acquisition of Lundin’s and PearlOil’s interests in the Basin PSC (60% W.I.) and Island PSC

(33.2142% W.I.) in West Papua, Indonesia

Acquired Orchard Energy Pte Ltd (“OE”) from Temasek, together with its Management Team. OE holds

an interest in and is operator of West Belida PSC in South Sumatra, Indonesia

Renamed as RH Petrogas Ltd to reflect its new focus in the oil and gas business

Diversified into upstream oil & gas business by acquiring Kingworld Resources Ltd (“KRL”), operator of

Fuyu-1 PSC in Jilin, onshore China

EGM – Shareholders approved Debt Conversion to Equity and the proposed placement

Received ODP approval on Fuyu-1 PSC from CNPC

North Klalin-3 discovery in Basin PSC, Indonesia

Signed SK331 PSC with Petronas Malaysia

Aug 09

Nov 09

Jun 10

Dec 10

Oct 11

Aug 12

Dec 12

1993

7

Jun 13 North Klalin-2 oil discovery in Basin PSC, Indonesia

240 km of 2D seismic completed for West Belida, Indonesia and drilled Giltar-1 well with 800ft gross column

of oil shows in Nov 2011 Aug 11

Aug 10

Feb 11 Full year results - turned around company to be profitable

Sept 13

Completed 12,414.2 line KM of aeromagnetic survey on SK331, Malaysia

Completed divestment of electronics business

Sept 13

Sept 13

Spudding of high impact well Zircon-1 in Island PSC, Indonesia

Completed drilling of Klalin 14 development well in Basin PSC, Indonesia with good flow test results.

Spudding of Klagalo-1 exploration well to test the Klagalo prospect in the Kais Limestone reservoir.

Completion of placement of up to 116,000,000 new ordinary shares @S$0.63 per share.

Oct 13



3 Diversified portfolio operating in different

stages across Asia

West Belida PSC

Jambi, Sumatra, Indonesia

Exploration

Salawati Kepala Burung PSC (Island)

West Papua, Indonesia

Production

Kepala Burung PSC (Basin)

West Papua, Indonesia

Production

SK 331 PSC

Sarawak, Malaysia

Exploration

Fuyu-1 PSC

Jilin, China

Development

8



3 Area of focus

9

Leverage strong relationships

and technical knowledge of

management and controlling

shareholders

Expand footprint for diversified

growth

Songliao Basin

Song Hong Basin

Khorat Plateu Basin

Myanmar Basin

Pearl River Mouth Basin

Cuu Long Basin

Nam Con Son Basin

Palawan Basin

Tarakan Basin

Kutai Basin

Salawati / Bintuni Basin

Papuan Basin

Sarawak / Sabah Basin

Pattani Basin

Malay Basin

Natuna Basin

North Sumatra Basin

Central Sumatra Basin

South Sumatra Basin

West Java Basin

East Java Basin



4 Effective strategy

10

Acquire high quality, low-to-

medium risk oil & gas assets with

focus in Asia

Increase reserves

and production

organically from

current assets portfolio

for stable recurring

income

Commit to

sustainable practices

through corporate

social responsibility

(CSR) initiatives

Maintain strong

investment

discipline and

strengthen our

balance sheet

Strengthen

operatorship

capabilities with

strong HSE

emphasis

1

2

3 4

5



5 Strong major shareholder support with

extensive network

BOARD OF DIRECTORS

Tan Sri Datuk Sir Tiong Hiew King Executive Chairman

Dato’ Sri Dr Tiong Ik King Executive Director

Dr Tony Tan Group CEO and Executive Director

Peter Ng Choong Joo Executive Director

Abbasbhoy Haider Nakhoda Independent Director

Bernard Yeo Yun Seng Independent Director

Lee Hock Lye Independent Director

TAN SRI DATUK SIR TIONG HIEW KING

CHAIRMAN OF RH GROUP, A MULTINATIONAL DIVERSIFIED CONGLOMERATE

IN TIMBER, PALM OIL, MEDIA, OIL & GAS AND OTHERS

Chairman of RH Petrogas Ltd

Chairman of Rimbunan Sawit Bhd

Chairman of Media Chinese International Ltd

June 2009 – bestowed the Knight Commander of the Most Excellent Order of the

British Empire (K.B.E.) by Queen Elizabeth II of the United Kingdom

March 2013– ranked Malaysia’s 9th richest person by Forbes

RH Petrogas is 64.74% owned by the Tiong family as at 16 Oct 13.

11



Over 35 years of oil & gas experience

Previously CEO of Orchard Energy Pte Ltd (subsidiary of Temasek)

Was Senior VP, Exploration & Production, of Singapore Petroleum Company Ltd (SPC) from 2000-

2008

Previously head of Gaffney Cline’s Asia-Pacific operations.

16 years of international E&P management with major oil and gas company – USA/Canada

6 Highly experienced management team

Over 20 years of oil & gas experience involving both upstream and downstream sectors

Spent 18 years with Singapore Petroleum Company Ltd (SPC), played a key role in many

successful acquisitions and joint ventures

Led SPC’s E&P asset team responsible for managing the company’s entire portfolio of upstream

exploration and production assets

Over 35 years’ experience with US based major and independent oil companies

Worked in major producing basins around the world, particularly the Asia Pacific region

Held management and executive positions for 8 years with GNT International Group, Texas

American Resources, Kerr McGee/Anadarko Petroleum based in Beijing, China

18 years of corporate law experience

Previously legal counsel at SPC responsible for and managing a wide spectrum of projects and

areas.

Admitted as an advocate and solicitor in Singapore

Joined the Group in 2006 as internal audit manager

Previously Financial Controller and later as General Manager of a company in the RH Group in

South America

Fellow of the Association of Chartered Certified Accountants

FRANCIS CHANG

VP, E&P

EDWIN TAN

VP, Legal

GY THEN

VP, Finance

12

DR TONY TAN

Group CEO &

Executive

Director

We have on-the-ground staff with strong local experience in each of the countries (Indonesia, China, Myanmar,

Malaysia and Singapore) to manage current operation as well as exploring new opportunities

SAMUEL

CHEONG

VP, Commercial



Good knowledge and access to

opportunities in the region to drive company’s growth

2012 2018 2017 2016 2015 2014 2013

7

13

4,300

BOEPD

Acquisitions and further organic growth

from West Belida and SK331

Net production growth

Production and near term development

from Salawati and Fuyu-1

ILLUSTRATIVE



Strong partnerships

14

The Group has established strong partnerships with major national oil

companies in the Asia region:

• PetroChina- ( Basin PSC, Island PSC)

• China National Petroleum Corporation- ( Fuyu PSC)

• Pertamina- ( Basin PSC, Island PSC)

• Petronas – (SK331 PSC)

7



B. Business Overview



Fuyu-1 PSC

Basin PSC

Island PSC

West Belida PSC

SK331 PSC

Assets overview

16

Project

1 Producing

fields

Exploration

potential

Pre-

development

Working

interest

60%

33%

94%

Gross

Area

(sq km) Country

2

4

5

Operator-

ship

80%

Reserves and resources as of 1st Jan 2013

3

1. Post CNPC back in (when field is in Development)

49%1

872

1,097

Onshore/

Offshore

On

On & Off

On

On

On

255

1,402

11,600

Contract

Expiry

date

2020

2020

2038

2039

2039

PetroChina

PetroChina

& Pertamina

* act as operators in the PSCs in China, Indonesia and Malaysia

*

*

*


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Fuyu-1 PSC

Basin PSC

Island PSC

West Belida PSC

SK331 PSC

Reserves and Resources overview

17

Project

1 Producing

fields

Exploration

potential

Pre-

development

Working

interest

60%

33%

94%

Country

2

4

5

2P

80%

Reserves and resources as of 1st Jan 2013

3

1. Post CNPC back in (when field is in Development)

49%1

2C

Prospective

Resources

9 10 432

2 18 400

- 35 27

- - 5

- - 180

Total (MMBOE) 11 62 1,044








Production - Basin & Island PSC, West Papua

(Indonesia)

18

West Papua

Basin

Island

50%

17%

33%

Pertamina

Petrochina

RH Petrogas

Kepala Burung

PSC

(“Basin”)

Salawati Kepala

Burung PSC

(“Island”)

Location

Area

Operator

Onshore

872 km2

PetroChina

Offshore & Onshore

1,097 km2

PetroChina &

Pertamina JOB

60% 30%

10%

PSC Expiry date 15 Oct 2020 22 Apr 2020

Over the last decade, production in the Basin and Island PSCs has sustained at a stable level through

exploration discoveries, in-fill development drillings and production optimization initiatives:

─ Net working interest 2P reserves (1/1/2013): 11 MMBOE (~92% oil)

─ 2012 average net working interest production : 4,300 BOEPD (~92% oil)



Prospects & Leads - Basin PSC (Indonesia)

19

Walio Area Arar Area

North Klalin Recreation Park

Net Unrisked Recoverable Prospective Resources

Walio and Arar 432 MMBOE

Large inventory of prospects and leads identified in Walio and Arar blocks



Prospects & Leads - Basin PSC (Indonesia)

Near term focus

20

Klalin-17

Klalin-15

Klalin-14

Klagalo-1

Basin

Island

N Klalin-3

N Klalin-1

N Klalin-5

N Klalin-6

N Klalin-4

N Klalin-2

Klalin

North Klalin-1 well has been put on production in March

2012. North Klalin-2 and 3 appraisal wells were successfully

completed and currently preparing for POP and POD

(expected in Q2-2014)

Infill drilling in Klalin field continues

Klalin and North Klalin Complex North Klalin’s net 2C

46 BCF

1.8 MMBC

9.5 MMBOE

Gas

Condensates

Total



Prospects & Leads - Island PSC (Indonesia)

21

Net 2C (17.7 MMBOE)

TBC 7.0 MMBOE

KOI 5.0 MMBOE

North Sele 5.7 MMBOE

Net Unrisked Recoverable Prospective

Resources

KOI Complex and Sele Strait 386 MMBOE

SALAWATI ISLAND

WEST PAPUA

TBC

TBA

Large prospects and leads identified in offshore Koi

Complex and Sele Strait

TBA oil field re-activation expected in Q2 2014;

tendering for FPSO (350 BOPD, net)

TBC gas and condensates revised POD to be

submitted in Q4 2013

KOI Complex

Sele Strait




Near term focus

22

KOI

ZIRCON

GALENA

CORONDUM

ANDALUSITE

TOPAZ

EMERALD

ONYX

3D Area

TBC

TBA

Koi-1 discovery well drilled in 2000 flowed 980 BOPD and 2.7 MMSCFD on test

Completed 3D program in 2010. A planned multi-well drilling program commenced in Sept

2013 to appraise the Koi discovery and to explore Zircon, a much larger prospect

structurally updip and adjacent to Koi.

Water depth is ~32 m

KOI Complex Potential

KOI Complex

Koi




KOI Discovery & Zircon Prospect

23

KOI Discovery

ZIRCON Prospect

Discovered in 2000

Well tested 980 BOPD and 2.72 MMSCFD

Appraisal well to be drilled after Zircon-1

Zircon is larger and structurally higher to Koi discovery

Well spudded in early Sept 2013 and results expected in early Oct

2013

5

MMBO*

14

MMBOE*

Net Recoverable

Resources

*2C

*Unrisked Prospective Resources



Development - Fuyu-1 PSC (China)

24

35 MMBO

Net 2C

Area: 255 km2

Onshore NE China at southern extension of prolific

Songliao Basin

Acquired in August 2009

RH Petrogas operates with 100% working interest

CNPC back-in in production phase at 51%

PSC terms:

- Effective Date: Feb 1, 2008

- Evaluation Phase: 3 yrs plus extension

- Production Phase: 20 yrs

- KRL bears 100% costs during evaluation and

production phases

- 65% cost recovery, remainder is shared oil at

49% to RH Petrogas

Fu

Fuyu 1

Block




Yongping Field, ODP

25

Pilot Test Area Overall Development Plan (ODP) for Phase 1 was approved by

CNPC in August 2012, with final government approval expected in

second half of 2013

Shallow heavy crude, requires steam injection

Pilot program conducted with good results

Development and production to start upon final ODP approval

Crude Sales Agreement has been signed




Deeper zone exploration Upside

26

JF1

Heavy Oil

Pilot Test Area

JF2

JF001

JF001

Exploration well JF001 drilled into deeper zone and

reached TD at 2,272m in July 2011

Total net pay 30m, tested tight gas sand

Seismic reprocessing completed, interpretation ongoing

Planning 2nd deep well for 2014

Fracking of tight gas planned for both wells

162 BCF (27 MMBOE)

Net Unrisked prospective resources



Exploration - West Belida PSC, South Sumatra

(Indonesia)

27

0 100km

Central Palembang

Sub basin

Jambi Feet

P-50(prospective recoverableResources = 3.47 MMBO)

2820 2490

2035

N

Gitar-1

1,402 km2 awarded in May 2009

RH Petrogas operates with 94% W.I. (6% owned by PT Bayu Energy Lestari)

Located in the prolific South Sumatra Basin next to known producing trend of

Piano, Gambang, and Kenong fields

Proximity to existing infrastructure

240 km of 2D seismic completed in August 2011

Gitar-1 well reached TD of 4,000 ft in November 2012 with 800 feet gross

column of hydrocarbon shows.

Further studies and planning 2nd well in 2014

5 MMBO

Net Unrisked Recoverable Prospective Resources



Exploration - SK331 PSC, Sarawak (Malaysia)

28

Large onshore acreage - 11,600 km2

PSC signed Dec 6, 2012

RH Petrogas operates with 80% W.I., Petronas

Carigali 20%

Onshore extension of Balingian basin which

contains oil & gas fields offshore

Very good potential for oil & gas

Aerogravity / Aeromagnetic survey completed in

early August 2013.

Seismic acquisition planned in 2014 followed by

exploration well drilling.

Mukah Penian-1

Teres Bawan-1 Oya-1

Balingian Rajang-1

SK331

Tatau

Oya gas discovery

Bintulu

Recent Nippon Oil

& Gas discovery

Mukah-1 gas production

Oya-1 (1993) - tested 7.3 MMSCFD

Mukah-1 (1938) – produced 1 MMSCFD

for one year

Past discoveries within the block

Net Unrisked Prospective Resources

180MMBOE (Work in progress)



PSC Q1 2013 Q2 2013 Q3 2013 Q4 2013

Basin 1 appraisal well 1 development well 2 development wells 1 exploration well

Island 1 exploration well 3 appraisal wells

(contingent) 1 appraisal well

West Belida Seismic

Reprocessing G&G G&G

Fuyu-1

30 development wells

* Contingent upon final

ODP approval

SK331 Aerogravity /

Aeromagnetic survey

Surface

Geochemistry

Total net drilling Capex for 2nd half of 2013 currently estimated at US$23 MM (excluding contingent wells)

Exploration wells – Targeting net recoverable resources of 52 MMBOE

2013 Work Program

Unlock value from existing assets and increase value from potential discoveries








Committing to build a better future

Corporate Social Responsibility

30

Respecting the environment

Helping local communities to improve living conditions

Fostering local developments through skill training workshops

Promoting transparency and contributing to investors’ education in E&P industry

Donating to charitable causes

Donating to charitable causes

Sponsoring for SGX Oil and Gas seminar



C. Financial Overview



Financial highlights

32

Revenue EBITDAX1

Net Debt 2

38.540.3

86.489.4

0

50

100

6M 2013 6M 2012 2012 2011

14.215.5

30.834.0

0

30

60

6M 2012 2012 2011 6M 2013

1. Earnings before interest, taxation, depreciation, amortisation and exploration expenses

US$ mm US$ mm

6M 2013 6M 2012 2012 2011

2. Defined as total debt and borrowings minus cash and short-term deposits

US$ mm

3. Defined as net debt divided by total equity

56.4

13.7

70.6

32.1

0

20

40

60

80

Net gearing ratio3

51%

8%

61%

18%

0%

20%

40%

60%

80%

2011 2012 6M 2012 6M 2013



Way Forward



Way forward

34

Focusing on increasing reserves and

production to deliver near term

growth

Creating value for shareholders through

low to medium risk acquisitions in

upstream projects

Raising capital to fund development,

production and acquisitions

Strengthen balance sheet and

improve gearing to reposition the

Company to deliver growth and add

shareholder value



Contact us

35

Corporate Head Office

RH PETROGAS LIMITED

20 Harbour Drive

PSA Vista #06-03/03A

Singapore 117612

Corporate website:

http://www.rhpetrogas.com/

Tel no. :(65) 6216 3988

Fax no. :(65) 6896 2821

Email

Ms Susanne Chuang

Treasury and Investor Relations

Manager

[email protected]

Mr. Francis Chang, VP

Exploration & Production

[email protected]





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Expanding Our Horizon - listed companyrhpetrogas.listedcompany.com/misc/presentation_161013.pdf · No contents can be reproduced without prior written consent of RH Petrogas Ltd