Brief: Rh Petrogas Says Unit To Relinquish Working Interest In Fuyu 1 Production Contract

RH PetroGas

08/03/2019 09:47

March 8 (Reuters) - Rh Petrogas Ltd  RHPG.SI :
    * UNIT NOTIFIES CHINA NATIONAL PETROLEUM CORPORATION OF
INTENTION
TO RELINQUISH WORKING INTEREST IN FUYU 1 PRODUCTION SHARING
CONTRACT
    * VOLATILE OIL PRICES CONTINUE TO POSE SIGNIFICANT
CHALLENGES TO
GROUP'S ABILITY TO SECURE REQUIRED FUNDING AND TO MOVE FORWARD
ON PROJECT
    * GROUP WILL CONTINUE TO INCUR OFFICE AND ADMINISTRATIVE
COSTS AT
BLOCK UNTIL FULL RELINQUISHMENT OF FUYU BLOCK BEFORE YEAR END

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ4gK5Nv
Further company coverage:  RHPG.SI 

 (Reuters.Briefs@thomsonreuters.com)