RH PetroGas Limited provided following update on the project undertaken by KRL at Block 1 of Fuyu in the Songliao Basin, Jilin Province, the People's Republic of China for the three months ended April 30, 2013. There are no material changes to the reserves or resources since the previous announcement dated November 25, 2009. China National Petroleum Corporation has approved the Overall Development Plan of the phased development of the Yongping Field in the Fuyu 1 Block. CNPC has submitted the ODP to the National Development and Reform Commission. NDRC has since reverted with a request for additional supporting studies pursuant to new internal requirements. The company has completed and submitted such supporting studies to CNPC for its further submission to NDRC. The final project approval is expected to be received in the second half of 2013. Development drilling and commercial production at Yongping Field will commence after such approval is granted. With the approval of CNPC, pre-development preparation has commenced including the procurement of items with long lead times.

RH PetroGas Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of USD 18,452,000 against USD 21,395,000 a year ago. Profit before tax was USD 2,960,000 against USD 5,541,000 a year ago. Profit for the period was USD 610,000 against USD 1,274,000 a year ago. Basic and fully diluted earnings per share attributable to owners of the company were 0.10 cents against 0.28 cents a year ago. EBITDAX was USD 6,404,000 against USD 8,825,000 a year ago. Net cash flows used in operating activities were USD 18,275,000 against net cash flows from operating activities of USD 21,954,000 a year ago. Additions to exploration and evaluation assets were USD 5,805,000 against USD 1,036,000 a year ago. Additions to oil and gas properties were USD 954,000 against USD 3,032,000 a year ago. Purchase of other property, plant and equipment was USD 6,000 against USD 25,000 a year ago. Net asset value per ordinary share capital was 29.60 cents. Revenue is lower than that for the first quarter ended March 31, 2012 mainly due to the decrease in average oil price for the period and decline in production primarily due to field's operational issues.

RH PetroGas Limited, Annual General Meeting, Apr 25, 2013., at 10:00 Singapore Standard Time. Location: 20 Harbour Drive, PSA Vista, #06-03. Agenda: To receive and adopt the directors' report and the audited accounts for the financial year ended December 31, 2012 together with the auditors' report thereon; to approve the payment of directors' fees of SGD 329,500 for the financial year ended December 31, 2012; to re-elect directors; to re-appoint Messrs Ernst & Young LLP as auditors of the company and to authorize the directors to fix their remuneration; to consider authority to allot and issue shares; and to transact any other business that may be properly transacted at an Annual General Meeting.