PTTEP Logs Pay Offshore Myanmar

PTTEP reports that the exploration well Zatila-1 was drilled to a total depth of 2,912 meters and encountered several petroleum bearing formations. Drill stem tests will now be performed to verify commerciality of the well.

The well was spud on June 28, 2006 in the Gulf of Mataban offshore Myanmar. Block M9 is located approximately 250- 300 kilometers south of Yangoon. PTTEP International Limited is the operator of Block M9 and holds a 100% interest.