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Expanding Our Horizon

Corporate Presentation
March 2014
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Disclaimer
The information set out in this presentation has been produced by RH Petrogas Limited as of 28 Feb 2014. This
presentation and the information contained herein does not constitute an offer to sell or an invitation to purchase any
securities in, or any underlying assets of RH Petrogas Ltd, nor is it intended to form any part of any investment
decision.

For the avoidance of doubt, RH Petrogas Ltd, including its subsidiaries, associated companies, and their respective
directors, employees, or advisers makes no express or implied representation or warranty and no responsibility or
liability is accepted by any of them with respect to the accuracy or completeness of the information set forth in this
presentation. Nothing contained herein is, or shall be relied upon as, a promise or a representation regarding the
historic or current position or performance, or any future events or performance of RH Petrogas Ltd. Parties should
make their own assessment, undertake such investigations as they see fit and obtain their own independent legal or
other advice thereon.

This presentation may include certain forward-looking statements. All statements, other than statements of historical
facts, that address activities, events or developments that RH Petrogas Ltd expects or anticipates will or may occur in
the future are forward-looking statements. RH Petrogas Ltds actual results or developments may differ materially from
those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not
limited to price fluctuations, actual demand, exchange rate fluctuations, market shares, competition, environmental
risks, changes in legal, financial and regulatory frameworks, international economic and financial market conditions,
political risks, project delay, project approval, cost estimates and other risks and factors beyond the control of RH
Petrogas Ltd. In addition, RH Petrogas Ltd makes the forward-looking statements referred to in this presentation as of
today and undertakes no obligation to update these statements.

This presentation was prepared exclusively for the parties presently being invited for the purposes of discussion.
Neither this presentation nor any of its content may be used without the prior written consent of RH Petrogas Ltd. This
presentation contains proprietary and confidential information regarding RH Petrogas Ltd.
2
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
RHP overview
E&P company listed on the Singapore Stock Exchange (SGX)
with market capitalisation of S$378 MM as at 28 Feb 2014

Asia focused with 5 assets in China, Indonesia and Malaysia

Net 2P reserves of 11 MMBOE at end 2012*

Operational and financial highlights (end of 2013):

Net production of 4,130 BOEPD*
Average realized oil price: US$102/bbl
Sales revenue of US$86 MM
EBITDAX of US$29 MM

Recent exploration success:

Gas and condensate discovery in North Klalin in 2011
Gas discovery in Fuyu in 2011
Oil discovery in South East Walio in 2013

Stream of projects in pipeline which may add 2P reserves of
19 MMBOE in 2014

* Excludes gas reserves used as fuel for internal power generation


3
North Klalin well rig
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RHPs competitive position
4
Strong support from major shareholder with extensive network 5
Highly experienced management team with good knowledge and access to opportunities in the region
3
Established industry relationships and partnerships with major national oil companies (CNPC,
Pertamina, PetroChina, Petronas)

1 Balanced and diversified portfolio with full exposure to the E&P value chain
2
4
Near term development potential within current portfolio
6
Actively exploring value accretive acquisition opportunities

All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Balanced and diversified portfolio
5
Indonesia
Indonesia
China
PSC Production Exploration Development

Country

West Belida



SK331
Indonesia
Malaysia
Basin
Island
Fuyu-1
Island PSC (West
Papua, Indonesia)
W.I 33%
Area 1,097 km
2
Operator PetroChina & Pertamina
Expiry 2020
SK331 PSC
(Sarawak, Malaysia)
W.I 80%
Area 11,600 km
2
Operator RHP
Expiry 2039
West Belida PSC
(Sumatra, Indonesia)
W.I 94%
Area 1,402 km
2
Operator RHP
Expiry 2039
Fuyu-1 PSC (Jilin,
China)
W.I 49%
Area 255 km
2
Operator RHP
Expiry By 2038
Basin PSC (West
Papua, Indonesia)
W.I 60%
Area 872 km
2
Operator PetroChina
Expiry 2020
W.I- working interest
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Proven multi- pronged growth strategy
6

Increase reserves and production organically from current assets portfolio for stable recurring income

Track record of exploration success
Organic
Growth
Acquisition
Growth

Capitalise on major shareholders network and resources to support and grow the business

Major shareholder converted US$61 MM loan to equity in Aug 2012
Shareholder
Support

Acquire high quality, low-to-medium risk assets with focus in Asia

Successful acquisition of 5 assets located in proven hydrocarbon areas


Capital
Management


Maintain strong investment discipline and strengthen balance sheet

Zero gearing* as at 31 Dec 2013
Operatorship
Operate 3 of the 5 assets with excellent HSE track record

Continue to strengthen operating capabilities across the full E&P chain

*Defined as net debt (total debt and borrowings minus cash and short-term deposits) divided by total equity

All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
7
Reserves and resources overview
PSC
Net 2P
(MMBOE)
Net 2C
(MMBOE)
Net PR
(1)
(MMBOE)

Basin 9 12 267
Island 2 17 350
Fuyu-1 - 35 27
West
Belida
- - 5
SK331 - - 180
Total 11
(2)
64 829
(1)
PR: Prospective Resources (best estimate)
(2)
Exclude gas reserve used as fuel for operations
(Chart not drawn to scale)
Potential value add with upgrading resources to reserves
through active drilling programme
2P 2C Prospective resources
SK331
West Belida
Fuyu-1
Island
Basin
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Near term reserve growth plans
8
Reserves (MMBOE)
SE Walio (Basin PSC)
2.3 MMBOE of 2C to 2P
POD preparation
2 development wells planned upon POD approval

Fuyu-phase 1 (Fuyu-1 PSC)
7 MMBOE of 2C to 2P
Awaiting final ODP approval
40 development wells planned in 2014

North Klalin (Basin PSC)
9.5 MMBOE of 2C to 2P
POD preparation
Approval expected in 1H 2014
4 development wells planned in 2014






Potential for significant near-to-medium term reserve growth through
active in-fill drilling and new development projects
11

Target to convert a total of
19 MMBOE of 2C to 2P in 2014
0
5
10
15
20
25
30
35
2P (current) SE Walio Fuyu-phase 1 North Klalin
+2.3
+7
+9.5
11
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PSC Q1 2014 Q2 2014 Q3 2014 Q4 2014
Basin 2 development wells 3 development wells 3 development wells
Island




West Belida G&G
Fuyu-1
40 development wells
1 deep exploration well
SK331

700 km seismic acquisition and processing


Total net drilling Capex for full year currently estimated at US$ 45MM
Active work programme in 2014 to :
- Add onto existing production
- Unlock value from potential discoveries



2014 work program
9
Well work over and maintenance
Well work over and
maintenance
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10
Appendix
Asset Overview
Reserves and Resources
Major Shareholder
Management and Executive
Operating History
Financial Highlights
Sustainable Development-CSR
PSC Regime Illustration
Petroleum Resources Classification Framework
Historical Oil Prices






All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Status
Net 2P reserves: 11 MMBOE ( as of 1 Jan 2013)
2013 average net production: 4,130 BOEPD

Facts
Location: West Papua, Indonesia
Area: 1,969 km
2
Working interest: 60% for Basin PSC, 33.33% for Island PSC
Oil-to-gas ratio: 92% - 8%
PSC expiry date: 2020

Operator
Basin PSC: PetroChina
Island PSC: PetroChina & Pertamina (JOB)

Partners
Basin PSC ( PetroChina: 30%, Pertamina: 10%)
Island PSC ( PetroChina: 16.79%, Pertamina:50%)

Remarks
Field development programmes currently being carried out for
the following fields:
- Basin: North Klalin, SE Walio
- Island: TBC, Koi
Exploration activities ongoing for:
- Basin: West Klagagi
- Island: Koi Complex






Basin & Island PSCs
11
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Basin PSC Development
North Klalin and Southeast Walio

North Klalin field, Arar area

Resources
Net 2C: 9.5 MMBOE comprising;
- Gas: 46 BCF
- Condensates: 1.8 MMBC

Remarks
North Klalin-1 well was discovered in 2011 and put on production
in March 2012. North Klalin-2 and 3 appraisal wells were
successfully completed and planned for production in 2014
Plan of Development ( POD) currently being prepared

Southeast Walio field, Walio area

Resources
Net 2C: 2.34 MMBO

Remarks
POD for SE Walio field is currently being prepared
2 development wells will be drilled upon POD approval


Walio area
Arar area
12
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Basin PSC Exploration
Walio & Arar
Large inventory of prospects and leads identified in Walio and Arar areas
Net unrisked recoverable prospective resources : 267 MMBOE (including
West Klagagi and Klaifi complex)

West Klagagi and Klaifi complex, Arar Area

Resources
Net Unrisked Recoverable Prospective Resources:3.0 MMBOE

Remarks
West Klagagi discovered in 1989 and produced from Sept 1989 to July 1991
(natural flow) with total cumulative production 110 MBOE
Klaifi was drilled on 1986 and tested 17-22% oil (light oil with 40.6 API, 3.53%
wax)
Plans to drill production wells and work-over jobs to bring the West Klagagi
and Klaifi complex back on production
13
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Island PSC Development
Koi

Resources
Net 2C: 4 MMBO

Remarks
Koi-1 was drilled in 2000. Well tested 980 BOPD and 2.7
MMSCFD
Completed 3D program in 2010
Koi-2 appraisal well successfully defined oil-water contact in
2014
Begin Preliminary Front End Engineering Design (pre-FEED)
study and preparation of Plan of Field Development (POD)
14
-
4
3
7
5
-
4
3
7
5
-4
3
7
5
-
4
5
0
0
-
4
6
2
5
-
4
7
5
0
-
4
8
7
5
-
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0
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0
-4000
-4
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0
0
-
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0
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0
-4250
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2
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0
-4250
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0
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2
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-4
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0
-4125
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1
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5
-4125
-
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1
2
5
-
4
1
2
5
-
4
8
7
5
-4375
-4500
KOI-1
KOI-2
KOI-3
KOI-5
KOI-6
KOI-7
KOI-10
KOI-9
KOI-4
KOI-8
691600 692000 692400 692800 693200 693600 694000 694400 694800 695200
691600 692000 692400 692800 693200 693600 694000 694400 694800 695200
9
8
2
7
6
0
0
9
8
2
8
0
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2
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2
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2
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6
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0
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0
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3
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2
7
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2
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0
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2
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0
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9
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2
9
2
0
0
9
8
2
9
6
0
0
9
8
3
0
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0
0
9
8
3
0
4
0
0
0 200 400 600 800 1000m
1:20143
0
30
60
90
120
150
180
210
Net volume (map) [ft]
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Island PSC Exploration
Koi Complex & Sele Strait
SALAWATI ISLAND
WEST PAPUA
TBC
TBA
Koi Complex
Sele Strait
N Sele
Resources:
Net 2C: 16.7 MMBOE
Net unrisked recoverable prospective resource: 350 MMBOE

Remarks
Large prospects and leads identified in offshore Koi Complex and Sele Strait
TBA oil field re-activation expected in Q4 2014; tendering for FPSO (net 350
BOPD)
TBC gas and condensate field revised POD in preparation
15
Net Unrisked Recoverable Prospective
Resources
Koi Complex and Sele Strait 350MMBOE
Net 2C (16.7 MMBOE)
TBC 7.0 MMBOE
Koi 4.0 MMBOE
North Sele 5.7 MMBOE
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Fuyu-1 PSC
Status
Net 2C: 35 MMBOE
Operates with 100% working interest
CNPC to back in at 51% upon production

Facts
Location: Onshore NE China at southern extension of
prolific Songliao Basin (Daqing Field)
Area: 255 km
2
Working interest: 49%
PSC expiry date: By 2038

Remarks
Acquired in 2009
Shallow heavy Oil development with deep gas potential





16
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17
Fuyu-1 PSC Yongping Field, ODP
Pilot Test Area
Overall Development Plan (ODP) for Phase 1 approved by CNPC in August
2012. Final government approval expected in 1H 2014
Net recoverable 2P under ODP for Phase 1 is 7.1 MMBO
Shallow heavy crude, requires steam injection
Pilot program conducted with good results
Development and production to start upon final ODP approval
Long lead items for development procured
Crude Sales Agreement signed

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Fuyu-1 PSC Exploration
Deep gas zone
Resources:
Net Unrisked Prospective Resources: 162 BCF (27
MMBOE)


Remarks
Exploration well JF001 TDd at 2,272 M in July 2011
Total net pay 30 M, tested tight gas sand
Seismic reprocessing and interpretation completed
Planning 2nd deep well for 2014
Fracking of tight gas planned for both wells

18
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West Belida PSC Exploration
Status
Net unrisked recoverable prospective resources: 5 MMBO

Facts
Location: South Sumatra, Indonesia
Area: 1,402 km
2
Operates with 94% working interest
PSC expiry date: 2039

Partner
PT Bayu Energy Lestari (6%)

Remarks
Located in the prolific South Sumatra Basin next to known
producing trend of Piano, Gambang, and Kenong fields
Proximity to existing infrastructure
240 km of 2D seismic completed in August 2011
Gitar-1 well reached TD of 4,000 ft in November 2012 with
traces of oil
Further G&G studies
0 100km
Central Palembang
Sub basin
Jambi
19
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SK311 PSC Exploration
Status
Net unrisked recoverable prospective resources: 180 MMBOE

Facts
Location: Onshore Sarawak, Malaysia
Area: 11,600 km
2
Operates with 80% working interest
PSC expiry date: 2039

Partner
Petronas Carigali (20%)

Remarks
Onshore extension of Balingian basin which contains oil & gas
fields offshore
Aerogravity / Aeromagnetic survey completed in August 2013
Seismic acquisition planned in 2014 followed by one exploration
well in 2015.
20
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Basin
PSC
Producing

North Klalin

SE Walio

Walio & Arar


Producing

Koi

TBC

North Sele

Koi Complex
and Sele Strait


Fuyu


West Belida


SK331

Island
Fuyu-1
West Belida
SK331
Field 2P 2C
Prospective
Resources
9.0

-

-

-

-
2.0

-

-

-

-



-


-


-


11.0*
-

9.5

2.3

-

-
-

4.0

7.0

5.7

-



35.0


-


-


64.0

-

-

-

267


-

-

-

-

350.0



27.0


5.0


180.0


829.0

Total
(MMBOE)
Reserves and resources table
*Excluding gas reserves used as
fuel for operations

21
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Strong major shareholder support
BOARD OF DIRECTORS
Tan Sri Datuk Sir Tiong Hiew King Executive Chairman
Dato Sri Dr Tiong Ik King Executive Director
Francis Chang Cheng-Hsing Group CEO and Executive Director
Peter Ng Choong Joo Executive Director
Abbasbhoy Haider Nakhoda Independent Director
Bernard Yeo Yun Seng Independent Director
Lee Hock Lye Independent Director
TAN SRI DATUK SIR TIONG HIEW KING
CHAIRMAN OF RH GROUP, A MULTINATIONAL DIVERSIFIED CONGLOMERATE
IN TIMBER, PALM OIL, MEDIA, OIL & GAS AND OTHERS
Chairman of RH Petrogas Ltd
Chairman of Rimbunan Sawit Bhd
Chairman of Media Chinese International Ltd
June 2009 bestowed the Knight Commander of the Most Excellent Order of the
British Empire (K.B.E.) by Queen Elizabeth II of the United Kingdom
February 2014 ranked Malaysias 9th richest person by Forbes
RH Petrogas is 64.6% owned by the Tiong family
22
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Management and executive
Over 20 years of oil & gas experience involving both upstream and downstream sectors
Spent 18 years with Singapore Petroleum Company Ltd (SPC), played a key role in many
successful acquisitions and joint ventures
Led SPCs E&P asset team responsible for managing the companys entire portfolio of upstream
exploration and production assets
Over 35 years experience with US based major and independent oil companies
Worked in major producing basins around the world, particularly the Asia Pacific region
Held management and executive positions for 8 years with GNT International Group, Texas
American Resources, Kerr McGee/Anadarko Petroleum based in Beijing, China
18 years of corporate law experience
Previously legal counsel at SPC responsible for and managing a wide spectrum of projects and
areas
Admitted as an advocate and solicitor in Singapore
Joined the Group in 2006 as internal audit manager
Previously Financial Controller and later as General Manager of a company in the RH Group in
South America
Fellow of the Association of Chartered Certified Accountants
FrancisCHANG
CHENG-HSING
Group CEO &
Executive
Director
EDWIN TAN
VP, Legal

GY THEN
VP, Finance

SAMUEL
CHEONG
VP, Commercial

23
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Over 33 years experience with Indonesia based major and independent oil companies, including
state company Pertamina
Worked mainly as a new venturer in Southeast Asia Australia basins, particularly in Indonesia
Management position for several years with Petrochina Jakarta for the Salawati Basin blocks, West
Papua, Eastern Indonesia
Over 27 years of experience in the oil & gas industry and has won various awards for his
contributions & achievements in both technical & managerial roles
Has worked in various departments in Sinopec and multinational oil & gas upstream companies
operating in China
Holds a Master degree from China University of Geosciences and is a qualified senior engineer in
Geology
Over 25 years of international E&P business experience with Japanese oil companies
Working experience for E&P business in Saudi Arabia, Norway, Malaysia, Vietnam, China and Gulf
of Mexico
More than 10 years exploration manager/GM experience as well as 5 years management positions
with Arabian Oil Company (AOC) operating in ex-Neutral zone and JX Nippon Oil & Gas Exploration
based in Tokyo
Over 37 years of experience in the petroleum E&P business, with focus on the major producing
basins in Myanmar- both onshore and offshore
Worked with Myanma Oil and Gas Enterprise (MOGE) under Ministry of Energy (State sector) for
over 30 years. Last held position was Chief Geologist for Exploration and Development and acting
Director(E&P)
Liu Qing Hai,
GM of Kingworld
Resources
Hajime Kusaka
GM of RHP
(Mukah)
Khin Maung Kyi
Senior Adviser
for Myanmar
Nana Djumhana
GM of RH Petrogas
Indonesia
We have on-the-ground staff with strong local experience in each of the countries (Indonesia, China, Myanmar,
Malaysia and Singapore) to manage current operation as well as exploring new opportunities
Management and executive
24
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Operating history
25
Feb 14 Offshore Koi-2 appraisal well completed. Pre-FEED study and POD preparation to start.
Oct 13 Completion of placement of up to 116,000,000 new ordinary shares @S$0.63 per share.
Mar 13 Oil discovery in South East Walio, Basin PSC
Dec 12 Signed SK331 PSC with Petronas Malaysia
Aug 12
Completed debt conversion exercise by converting US$61.5MM of debt into 157,455,957 new ordinary shares at the
issue price of S$0.492 per share.
Aug 12 Received ODP approval on Fuyu-1 PSC from CNPC
Oct 11 Gas & condensate discovery of North Klalin, Basin PSC, gas discovery in Fuyu, China
Feb 11 Full year results - turned around company to be profitable
Dec 10
Completed acquisition of Lundins and PearlOils interests in the Basin PSC (60% W.I.) and Island PSC (33.2142%
W.I.) in West Papua, Indonesia
Aug 10 Completed divestment of electronics business
Jun 10 Acquired Orchard Energy Pte Ltd (OE) from Temasek.
Nov 09 Renamed as RH Petrogas Ltd to reflect its new focus in the oil and gas business
Aug 09
Diversified into upstream oil & gas business by acquiring Kingworld Resources Ltd (KRL), operator of Fuyu-1 PSC
in Jilin, onshore China
1993 Tri-M Technologies (S) Ltd engaged in the electronics manufacturing business, listed on SGX
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Financial summary
Revenue EBITDAX
1
US$ MM
Debt Outstanding 47.2
Cash Balances 52.4
Net Debt
2
Nil
Net Gearing
3
Nil
(US $MM)
(As at 31 Dec 2013)
1. Earnings before interest, taxation, depreciation, amortisation, exploration expenses, goodwill impairment and other non-recurring items
2. Defined as total debt and borrowings minus cash and short-term deposits
3. Defined as net debt divided by total equity

* Include allowance for inventory obsolescence amounting to US$4.4 MM. Excluding such provision, EBITDAX for FY2013 would be US$33.3 MM.
26
US$ MM
89.4
86.4 86.4
0
50
100
2012 2013
34.0
30.8
28.9
0
20
40
2011
2013 2012 2011
*
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Committing to build a better future
Sustainable development - CSR
Respecting the environment
Helping local communities to improve living conditions
Fostering local developments through skill training workshops
Promoting transparency and contributing to investors education in E&P industry
Donating to charitable causes
Donating to charitable causes
Sponsoring for SGX Oil and Gas seminar
27
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Typical PSC regime sharing of production
* Excludes income tax payable by contractors on taxable income
Entitlement *
C
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e
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Profit Oil
After
Gov levies
Other Gov
levies
Profit Oil Cost Recovery
C
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R
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y

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Production
Contractors share
Governments share
G
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s


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28
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Petroleum resources classification framework
29
Resources Classification Framework Sub-classes based on Project Maturity
Source: Society of Petroleum Engineers website
All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.
Historical oil prices
30
Europe Brent Spot Price FOB from 2004-2014

US$/bbl
Source; http://www.eia.gov/dnav/pet/pet_pri_spt_s1_d.htm
0
20
40
60
80
100
120
140
160
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Contact us
Corporate Head Office
RH PETROGAS LIMITED
20 Harbour Drive
PSA Vista #06-03/03A
Singapore 117612

Corporate website:
http://www.rhpetrogas.com/


Tel no. :(65) 6216 3988
Fax no. :(65) 6896 2821
Email
Ms Susanne Chuang
Treasury and Investor Relations
Manager
susanne.chuang@rhpetrogas.com
Mr. Francis Chang
Chief Executive Officer
francis.chang@rhpetrogas.com
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