RH Petrogas Limited (SG:T13) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
RH Petrogas Limited has announced that its subsidiary, Petrogas (Basin) Ltd., has been ordered by the Indonesian Supreme Court to pay approximately US$1.64 million in compensation for opportunity loss and return land related to a two-decade-old land acquisition dispute. The Group, which acquired interests in the expired project in 2010, indicates that the compensation will be shared among partners of the now-defunct project, and that the well in dispute is no longer in production. The company is considering its legal options and will update stakeholders as more information becomes available.
For further insights into SG:T13 stock, check out TipRanks’ Stock Analysis page.
