rhp_corporatepresentation03march2014

All rights reserved. No contents can be reproduced without prior written consent of RH Petrogas Ltd.

Expanding Our Horizon Corporate Presentation

March 2014



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


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


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


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 km2

Operator PetroChina & Pertamina

Expiry 2020 SK331 PSC

(Sarawak, Malaysia)

W.I 80%

Area 11,600 km2

Operator RHP

Expiry 2039

West Belida PSC

(Sumatra, Indonesia)

W.I 94%

Area 1,402 km2

Operator RHP

Expiry 2039

Fuyu-1 PSC (Jilin,

China)

W.I 49%

Area 255 km2

Operator RHP

Expiry By 2038

Basin PSC (West

Papua, Indonesia)

W.I 60%

Area 872 km2

Operator PetroChina

Expiry 2020

W.I- working interest


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


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


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


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


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 km2

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


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


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


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 -4375

-4375

-4375

-4500

-4625

-4750

-4875

-4000

-4000

-4000

-4000

-4250

-4250

-4250

-4250

-4250

-4250

-4250-4125

-4125

-4125

-4125

-4125

-4125

-4875

-4375

-4500

KOI-1

KOI-2

KOI-3KOI-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

9827600

9828000

9828400

9828800

9829200

9829600

9830000

9830400

9827600

9828000

9828400

9828800

9829200

9829600

9830000

9830400

0 200 400 600 800 1000m

1:201430

30

60

90

120

150

180

210

Net v olume (map) [ft]


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


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 km2

Working interest: 49% PSC expiry date: By 2038

Remarks

Acquired in 2009 Shallow heavy Oil development with deep gas potential

16


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


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


West Belida PSC Exploration

Status

Net unrisked recoverable prospective resources: 5 MMBO

Facts

Location: South Sumatra, Indonesia Area: 1,402 km2

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


SK311 PSC Exploration

Status

Net unrisked recoverable prospective resources: 180 MMBOE

Facts

Location: Onshore Sarawak, Malaysia Area: 11,600 km2

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


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


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


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


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


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


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

*


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


Typical PSC regime sharing of production

* Excludes income tax payable by contractors on taxable income

Entitlement *

Co

ntr

acto

r en

titl

emen

t G

ove

rnm

ent

en

titl

emen

t

Profit Oil After

Gov levies

Other Gov levies

Profit Oil Cost Recovery

Co

st R

eco

very

Sh

arab

le P

rofi

t O

il

Royalty

Ro

yalt

y

Production

Contractors share

Governments share

Go

vern

men

ts

Pro

fit

Oil

C

on

trac

tor

s P

rofi

t O

il

28


Petroleum resources classification framework

29

Resources Classification Framework Sub-classes based on Project Maturity

Source: Society of Petroleum Engineers website


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

Jan

-04

May

-04

Sep

-04

Jan

-05

May

-05

Sep

-05

Jan

-06

May

-06

Sep

-06

Jan

-07

May

-07

Sep

-07

Jan

-08

May

-08

Sep

-08

Jan

-09

May

-09

Sep

-09

Jan

-10

May

-10

Sep

-10

Jan

-11

May

-11

Sep

-11

Jan

-12

May

-12

Sep

-12

Jan

-13

May

-13

Sep

-13

Jan

-14


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

[email protected]

Mr. Francis Chang

Chief Executive Officer

[email protected]

31

rhp_corporatepresentation03march2014

Documents

performance of rh petrogas

rh petrogas limited

control of rh petrogas

horizon corporate presentation

statements of historical

confidential information

financial market conditions

market shares