The board of directors of RH Petrogas Limited announced that the Group is expected to record a significant loss for third quarter 2015 and for the full financial year ending December 31, 2015 (FY2015) due to goodwill write-off, impairment loss on exploration and evaluation assets, as well as oil and gas properties. In view of the protracted low oil price environment, the Group carried out a reassessment of the goodwill which arose from the Group's acquisition of Kingworld Resources Limited, which holds the petroleum contract for Fuyu 1 Block in China. The Group also carried out a review of the fair value of its exploration and evaluation assets as well as oil and gas properties in Indonesia, the Kepala Burung Production Sharing Contract (Basin PSC) and the Salawati Kepala Burung Production Sharing Contract (Island PSC). As a result, the Group will write off part of the goodwill and provide impairment losses on certain exploration and evaluation assets as well as oil and gas properties in third quarter 2015.

The Group will write off part of the goodwill and provide impairment losses on certain exploration and evaluation assets as well as oil and gas properties in third quarter 2015.