PTTEP Sells Gas from Arthit North Project to PTT

PTT Exploration and Production Public Company Limited (PTTEP) signed a Gas Sales Agreement with PTT Public Company Limited (PTT), in which PTTEP will supply additional natural gas from the Arthit North Project to PTT.

The significant content of the Gas Sales Agreement is that PTTEP will produce an additional 120 million standard cubic feet per day of natural gas from Arthit North Project, for approximately 3 years. Production is expected to commence in August 2008.