The Board of Directors of RH Petrogas Limited refers to its upcoming drilling of the Northwest Klagagi-1 ("NWK-1") exploration well in the Arar block of the Kepala Burung Production Sharing Contract ("PSC"), Southwest Papua, Indonesia. The well spudding, which was initially targeted for February 2026 following the completion of the Karim-1 exploration well, will be subject to a delay. The delay is primarily attributable to external factors including intermittent access road obstructions to the NWK-1 well site by a small pocket of local village, which the Group is making steady progress in resolving in coordination with local government and other relevant stakeholders, as well as challenging road conditions caused by heavy rain in recent weeks.
Barring further unforeseen circumstances, the Group expects the spudding of the NWK-1 well to take place around the end of the first quarter of 2026. In the interim, the Group has strategically redeployed its drilling rig, Petrogas Rig #3, for workover and well services within the Arar block, ensuring productive use of resources while preparations for Northwest Klagagi-1 are being finalised. The Company will provide further updates on the Northwest Klagagi- 1 well in due course.
