RH PetroGas Limited announced that its reserve evaluator, RPS Energy Consultants Limited, has completed its independent summary qualified person report with respect to the oil and gas reserves and resources of the Company and its subsidiaries as of January 1, 2021. Based on the QPR, the aggregate proved plus probable reserves of oil and gas as of January 1, 2021 attributable to the Group's effective working interests of its upstream oil and gas assets was around 36.7 million barrels of oil equivalent. This represents an increase of approximately 22% over the Group's booked 2P reserves of 30 MMBOE as at 1 January 2020. The increase was due to reserves upgrade by RPS based on their review of the latest production performance and updates to the field development plans, as well as the reclassification of a portion of contingent resources to reserves due to improved economics. The reclassification of contingent resources to reserves contributed mainly to the decrease in the best estimate contingent resources attributable to the Group's effective working interests, which fell by around 5% to around 63.6 MMBOE as of January 1, 2021.