RH Petrogas expects Q3 2025 net loss due to US$7.5 million seismic costs write-off, but remains profitable for 9M 2025
Link: https://links.sgx.com/1.0.0/corporate-announcements/SKJJ5DPON7SCFWHS/bacf51bd69672416aa7959be603d432b59c21ae9425bb2f5bcbb49138c96ebcd
Summary:
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Group projects a net loss for Q3 2025 following a US$7.5 million write-off of past 3D seismic survey costs in the Salawati PSC offshore work area.
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Nine-month period ended September 30, 2025 remains profitable overall despite the one-time Q3 loss.
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3D seismic data provided valuable geological insights for ongoing/future exploration; first new exploration well in Kepala Burung PSC planned before year-end.
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No imminent activity in the seismic survey area, so costs have been written off at this stage.
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Group expects positive EBITDAX and net cash flows from operations for both Q3 and 9M 2025.
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Full results to be announced on or before 14 November 2025; shareholders are advised to act cautiously pending final disclosure.