The Board of Directors of RH PetroGas Limited issued a profit warning regarding the unaudited financial results of the company and its subsidiaries for the second quarter period ended June 30, 2013. The group's results for the Relevant Period is expected to show a loss mainly due to the following: Write off of approximately $3.6 million being consideration paid for the seismic option under the farm-in option agreement between the Company and Rimbunan Petrogas Limited which was announced on December 11, 2012 pursuant to which RPL has granted the Company a seismic option (the ‘Seismic Option') to farm in and acquire 50% of RPL's participating interest in the Production Sharing Contract for Block M-1 located offshore Myanmar. After reviewing the results of the 2D ocean bottom cable seismic survey data, the Company has decided not to exercise the Seismic Option which has lapsed on 7 June 2013 and write off of approximately $2.9 million for two unsuccessful exploration wells drilled in the Kepala Burung Production Sharing Contract.