From tomorrow, shares of Mainboard-listed Tri-M Technologies (S) will be traded under the new name of RH Petrogas to reflect its new core business of oil and gas exploration and production.

RH Petrogas also says the group’s first oil and gas project is a production-sharing contract with China National Petroleum Corporation (CNPC) to jointly develop and produce hydrocarbon resources in Block 1 of Fuyu in the Songliao Basin, Jilin Province, China.

“We are glad that our shareholders have voted in favour of the name change. We view this as yet another vote of confidence in the Group’s diversification into the energy sector. A new brand identity and positioning in the marketplace will facilitate the development of our new core business as and when we make further inroads into the oil and gas resource sector,” says Francis Tiong, Executive Director of RH Petrogas.

The group intends to expand its oil and gas business.

“It is necessary for an oil and gas resource company to engage in an exploration and production strategy which involves multiple assets, so as to spread the risk and balance the available resources of multiple assets. Our Fuyu 1 Block project is our first foray into the oil and gas industry. We are exploring other suitable opportunities in the oil and gas sector, including concessions for oil and gas exploration and production projects in Asia and beyond,” adds Tiong.

Along with the name change, RH Petrogas has also adopted a new corporate identity, which includes a new logo and visual identity, and a new website at www.rhpetrogas.com

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