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Investor Relations
SET Notification
Completion of acquisition of additional stakes in the Bongkot Project
21 June 2018
PTTEP 13061/00-5068/2018
Investor Relations Tel. 0-2537-5919, 0-2537-4000 ext. 800-7374
21 June 2018
President
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
Dear Sir,
Subject: Completion of acquisition of additional stakes in the Bongkot Project
Reference: Letter no. PTTEP 13061/00-0054/2018, dated 31 January 2018
Reference is made to PTT Exploration and Production Public Company Limited (PTTEP)’s Statement dated 31 January 2018 with respect to the signing of an Agreement for the Assignment and Transfer of the 22.2222% stake in the Bongkot Project, consisting of Blocks B15, B16 and B17 from Shell Integrated Gas Thailand Pte. Limited (Shell) and Block G12/48 from Thai Energy Company Limited (a wholly-owned subsidiary of Shell).
PTTEP wishes to announce that, on 21 June 2018, the conditions precedent to closing prescribed in the aforementioned agreement have been completed. As a result, PTTEP’s stake in the Bongkot Project has effectively increased from 44.4445% to 66.6667% with incremental petroleum sales volume of approximately 35,000 barrels of oil equivalent per day.
Please be informed accordingly.
Sincerely yours,
Somporn Vongvuthipornchai
Somporn Vongvuthipornchai
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.