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Investor Relations
SET Notification
Drilling Results of Orchid-1 well in PTTEP Australasia Project
8 March 2019
PTTEP 13061/00-2662/2019
Investor Relations
Tel. +66(0) 2537 4868, +66(0) 2537 5843
8 March 2019
President
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
Dear Sir,
Subject: Drilling Results of Orchid-1 well in PTTEP Australasia Project
Reference is made to PTTEP Australasia (Ashmore Cartier) Pty Ltd or PTTEP AAA, a 100% owned subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), the operator of Permit AC/P54. The field is located in the Timor Sea of Australia.
PTTEP wishes to report the successful drilling results of the exploration well, Orchid-1. The well was drilled to a total depth of 2,925 metres on 29 January 2019. The well encountered gas and condensate with the net pay thickness around 34 metres which is in line with PTTEP’s expectation. The well result will be incorporated in development planning of Cash-Maple field, with total of 3.5 TCF resources.
Please be informed accordingly.
Sincerely yours,
Phongsthorn Thavisin
Phongsthorn Thavisin
President and Chief Executive Officer
PTT Exploration and Production Public Company Limited
555/1 Energy Complex Building A, Floors 19-36th
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Phone : 66 (0) 2537-4000
Fax : 66 (0) 2537-4444
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Copyright © PTT Exploration and Production Plc. All Rights Reserved.