RH PetroGas Limited provided consolidated earnings guidance for the year ended 31 December 2019. Further to the profit guidance issued on 1 November 2019, the Board of Directors of RH Petrogas Limited announced that following a preliminary review of the unaudited consolidated financial results of the Company and its subsidiaries (the "Group") for the financial year ended 31 December 2019, the Group is expected to record a loss for fiscal year 2019 as compared to a profit for the previous financial year ended 31 December 2018. The expected loss is mainly due to (i) the increase in the cost of production and higher depletion and amortisation of oil and gas properties in the Kepala Burung Production Sharing Contract ("Basin PSC"); (ii) the impairment loss on exploration and evaluation assets in relation to the acquisition and processing of a new 2D seismic data program in the SK331 PSC; (iii) the accrual for plug and abandonment costs for the TBA offshore field in the Salawati Kepala Burung PSC ("Island PSC"); and (iv) the increase in finance costs due to the recognition of interest expense on lease liabilities.