1. Leveraging strengths in an integrated Asia
Tevin Vongvanich
President & CEO
PTT Exploration and Production Plc.
13 November 2012

2. ASEAN Integration is an attractive market…
3,388 Mil. (49% World Population)
17,251 Bil. US$ (27% World GDP)
Australia, New Zealand and India
2,120 Mil. (30% World Population)
14,293 Bil. US$ (23% World GDP)
Japan, South Korea and China
598 Mil. (9% World Population)
1,859 Bil. US$ *(3% World GDP)
Remarks: ASEAN = Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia. Myanmar, Philippines, Singapore, Thailand, and VietNam
Source: The World Bank, ASEAN Community in Figure 2011

3. Thailand and Australia at a glance
Population (Jul’12 est.)
22 million
67 million
Area
7,741,220 sq km
513,120 sq km
GDP (2011 est.)
USD926 billion
USD 610 billion
GDP per capita (2011 est.)
USD40,800
USD 9,500
Crude oil – proved reserves
3,900 million bbl
400 million bbl
Oil Production (2011 est.)
484,000 bbl/day
345,000 bbl/day
Natural gas – proved reserves
132.8 TCF
9.9 TCF
Natural gas production
1.6 TCF
(avg. rate 4,352 MMscfd)
1.3 TCF
(avg. rate 3,578 MMscfd)
SOURCE: Central Intelligence Agency, BP Statistical Review of World Energy (June 2012)

4. Australia plays a key role in meeting world LNG demand
2011 LNG Export (mtpa)
Australia was the 5th largest LNG exporter in 2011 mainly to Asia-Pacific market
Currently, there are three LNG plants (North West Shelf, Darwin and Pluto) in production with total capacity of ~24 mtpa
proved to be a remarkable year for Australian gas and LNG sanctioning: 33 mtpa of new capacity (5 projects)
2 Coal Seam Gas to LNG developments (GLNG and APLNG train 1)
Wheatstone
FLNG (Ichthys and world first FLNG project at Prelude) 7 9 11 14 15 21 23 27 83
Qatar
Malaysia
Indonesia
Nigeria
Australia
Trinidad & Tobago
Algeria
Russian Federation
Oman
Brunei
Source: BP Statistical Review and Woodmackenzie ; * an average production rate

5. Thailand is a net energy importer country
Most ASEAN countries are net oil import (2010)
While few countries are gas importers (2010)
MBOE
8 out of 10 ASEAN countries depend on imported crude
Thailand & Singapore use imported gas from their neighboring countries , but LNG will become alternative choice in the near future
Brunei Darussalam
Malaysia
Laos
Cambodia
Myanmar
Vietnam
Philippines
Indonesia
Thailand
Singapore
Indonesia
Malaysia
Brunei Darussalam
Myanmar
Singapore
Thailand
Source: Wood MacKenzie

6. PTT Group in ASEAN and Australia
Country
E & P
Retail oil
Others
Hydropower
Coal
FLNG
Palm
South China a
Myanmar
Laos
Vietnam
Cambodia
Malaysia
Indonesia
Brunei
Philippines
Australia
E&P 19 permits
FLNG study
7 E&P blocks
Border trade: Mogas, gasoil
Lube sales via dealer
Myanmar
Thailand
Laos
Service Stations and depots
Border trade: Mogas, Gasoil,
Lube, Fuel Oil, Bitumen
Hydropower
Border trade to Southern
Yunnan: Mogas, Gasoil, Jet
FST office (JV): jet fuel supply at HK airport
Rep. office at Guangzhou
Southern China
Vietnam
4 E&P Blocks
LPG and LPG Filling plants
Cambodia
Service stations and depots
Border trade: Mogas, Gasoil, Lube
Australia
Indonesia
5 E&P blocks
Coal mining

7. PTTEP’s initial investment in Australia since late 2007
Perth office
Darwin Logistic Base
Truscott Airfield
Cash
Currently, PTTEP or PTTEPAA has our portfolio of 19 permits including non-operating and operating.
Besides Montara, we have Cash Maple gas fields to be developed.
Completed Maple-2 drilling in July (flow rate: 30 MMSCFD of natural gas and 696 BBL/D of condensate), proving the potential after successful Cash-2 well in 2011.
Completed 3D seismic acquisition in Processing 3D data and re-mapping field to confirm  reserves.
Ongoing studies on upstream, alternative development, partnership, and project viability.
As a NOC company, we are committed to bring LNG to Thailand (nation energy security).
In short-term plan, we are focusing on delivery these two current operated projects - Montara and Cash Maple – and on other 10+ permits in our portfolio which are mostly exploration and appraisal program. We have to maximize value of our existing assets. JV partners are welcome.
In long-term, we plan to seek additional M&A opportunities and acquire interest either op. or non-op. in near-production assets. Bidding for further exploration footprint expansion is one of the plan.
Number of Permits
Exploration
Retention
Production
Total
Operating 7 4 5 16
Non-Operating 3 10 19

8. Experience Sharing : Risk vs Rewards
Geological complexity
Huge resource base – both conventional & unconventional
High cost of operations (e.g. FX, labor)
Potential investment opportunity
Logistics and Project management
Political stability
Stringent environmental and safety regulations
Supportive Government +
Macro: Australia is geographically very relevant for PTT as it is an extension of the southern corridor and close PNG, TE, Indonesia and New Zealand. In addition to servicing Pacific basin, its LNG cargoes are capable of serving Indian ocean, and can have a big role to play in Thailand’s energy security. Australia is likely to remain a net exporter of hydrocarbons in foreseeable future.
Macro: Australia has a stable political regime and the government is pro-investments in oil and gas.
It has very attractive fiscal terms with 40% PRRT, 30% corporate tax and full cost recovery.
Government is actively promoting investments in exploration by allowing up to 50% additional upliftment of certain exploration costs in frontier areas -
Upstream market is extremely competitive and G to G relations add little distinctiveness.
Execution challenges given the labor shortage and tight environmental and safety regulations
Australia has huge hydrocarbon potential and is relatively underexplored
Conventional oil and gas resources are 31 bboe with a similar amount of Yet to Find resources
CBM potential of Australia is suggested to be even bigger than conventional oil and gas
Renewable energy
Australia remains as PTTEP’s growth hub.
PTTEP’s goal of being a valued long-term investor in the Australian O&G industry and transforming our safety and environmental practices to meet the Australian Government’s expectations

9. Key Takeaway
ASEAN Market is huge with high potential buyer. Thailand is an attractive choice for Australian investors to do business and invest in manufacturing industry because of its strategic location and excellent infrastructure.
As Thailand is net energy importer country, Australia can play key role in supplying LNG to match with Thailand’s needs.
PTTEP, Thailand NOC investing in Australia, has successfully applied lessons learned and best practice to corporate and subsidiaries roll out.
PTT Group welcomes Australian companies as partners in upstream and downstream. We are pleased to support Australian companies in doing business in our region.

10. Thank you LIVE TO EXPLORE “A good corporate citizen global E&P company
who delivers reliable energy supply and sustainable value
to all stakeholders”
Thank you
LIVE TO EXPLORE