PTTEP Establishes Subsidiary for Thai Exploration

PTT Exploration and Production Public Company Limited (PTTEP) has established PTTEP Andaman Company Limited on July 13, 2007 to carry out petroleum exploration and production activities in Thailand.

PTTEP Andaman Company Limited's registered capital is Baht 1,000,000, consisting of 100,000 ordinary shares at 10 Baht each, with a fully-paid up registered capital of Baht 250,000. PTTEP Siam Limited (a subsidiary of PTTEP) is the sole shareholder.