Rockets Target U.S. Troops As Iraqi Militia Leader Vows Revenge

  if really fight oil price will rocket up   🚀  

 

On June 30, RH Petrogas (RHP) executive director and chief executive officer Francis Chang Cheng-Hsing exercised 3.5 million share options in accordance with the RHP Share Option Scheme 2011.

 

This comprised 500,000 new shares with an exercise price of 8.4 cents each, one million new shares with an exercise price of 7.4 cents each and 2 million new shares with an exercise price of 4.4 cents.

 

The new shares are expected to be listed and quoted on the Singapore Exchange on July 12.

 

Mr Chang has served as group chief executive officer and executive director of the independent upstream oil and gas explorer and producer since Jan 1, 2014.

 

Previously, he held the position of vice-president of exploration & production of the group, and prior to RHP, he held management and executive positions with GNT International Group, Texas American Resources and Kerr McGee/Anadarko Petroleum.

 

For its Q1FY21 (ended March 31), RHP recorded revenue of US$18.7 million, an increase of 40 per cent from Q1FY20.

 

The increase in revenue was mainly attributable to the higher volume of crude oil lifted in both the Kepala Burung production sharing contract (PSC) and the Salawati PSC, with a 9.3 per cent increase in the average realised oil price for the period from US$54 per barrel in Q1FY20 to US$59 per barrel in Q1FY21.

 

With the cost of sales decreasing by 15.4 per cent in Q1FY21 compared to Q1FY20, the gross profit for the quarter increased from US$1.3 million in Q1FY20 to US$8.5 million in Q1FY21.