Drilling Commenced in Gulf of Thailand

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Drilling has commenced on the Manora-4 appraisal well in concession area G1/48 in the Gulf of Thailand. The Manora-4 well is a stepout well targeting an area adjacent to the Manora field, and will be directionally drilled to a bottom hole location beyond current field limits at a measured depth of nearly 11,877 feet (3,620 meters) and a true vertical depth of about 10,105 feet (3,080 meters). The well is planned to penetrate a deeper interval, which has the potential for deeper oil reservoirs not yet discovered. Pearl Energy operates the license, owning a 60% interest; Northern Gulf Petroleum owns 40%.

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