1. Registration Fee : 16,900 Baht ( Vat 7% not included ) This fee does not include 7% VAT, accommodation, and transportation, but include 2 break and a lunch during the session day, instruction and instructional materials. Basic Petroleum Economics (Code: BM02) T e c h n i c a l P e t r o l e u m T r a i n in g I n s t i t u t e Course Schedule This course is conducted in Thai Course Objective : 21-23 June 2010 Class Size Minimum 6 Maximum 30 Venue -TPTI Bangkok Training Center Shinawatra Tower III, 6 th Floor Viphavadi Rangsit Rd. Course Outline : Day 1 Overview of Investment Decisions & Discounted Cash Flow Analysis Cash In Flow: Revenue from Production Overview of Global Oil Markets and Pricing Benchmarks, Petroleum Production Project After Tax Cash Flow Determination Day 2 Cash Out Flow : Petroleum E&P Expenditures & Taxes Capital expenditure (CAPEX), operating expenditure (OPEX), Capitalization of E&P Expenditure, Tax Treatment of Expenditure: DD&A, Deferred Tax, International and Thai Petroleum Fiscal Systems Day 3 Discounting the Cash Flow: Inflation and Escalation: EDM, MOD and RT The Time Value of Money: Cash Flow Patterns and Discounting Investment Decision Criteria: Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index, Other criteria Project Hurdle Rate: Weighted Average Cost of Capital (WACC) Instructed by Dr.Thitisak Boonpramote- Department of Mining and Petroleum Engineering, Chulalongkorn University 3-DAY SESSION http://www.tpti.org Payment/Cancellation The fee should be made in Thai Baht and payable to : Technical Petroleum Training Institute Account No: 026-4-01533-4 or Swift Code: SICOTHBK at Siam Commercial Bank Ltd., Ramatibadee Branch. The cancellation must be made and received by TPTI 14 days or more prior to the course. One half of the registration fee must be paid by those registrants who cancel less than 14 days before the program. Technical Petroleum Training Institute : Head Office The Department of Mineral Fuel 6 th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. Tel: 66 2949 2330 Fax : 66 2791 1730 http://www.tpti.org Technical Petroleum Training Institute : Training Center 6th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. Tel: 66 2 949 2330-1 Fax: 66 2 791-1730 E-mail: tpti@dmf.go.th The course provides knowledge of basic Petroleum Economics. Participants will understand the project commercial viewpoint and the ideas to change the principle to get better financial results. Also, participants will be able to run the cash flow analysis with the project sensitivity in order understand the project viability and profitability impacts under the change of those project’s critical elements. Course Instructor : Mr. Thitisak Boonpramote – Department of Mining and Petroleum Engineering Chulalongkorn University Engineer, Geoscientist, Finance, Accountant and all Supervisory staff. Who should Attend :

2. 3. POST: Complete and return your form to: Technical Petroleum Training Institute 6 th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. T e c h n i c a l P e t r o l e u m T r a i n in g I n s t i t u t e Registration Form Course name : Basic Petroleum Economics (Code: BM02) Course Fee : 16,900 Baht ( Vat 7% not included ) Course Schedule : 21-23 June 2010 1. The fee includes 2 breaks and a lunch during the session days, instruction, and instructional materials, but does not include 7% VAT, accommodation and transportation. 2. Enrollment Information : (Please print clearly.) Family Name : First Name ( Mr / Ms / Mrs ) : Position : Approving Manager : Position : Company : Address : Nature of Business : Tel : Fax : E-mail : Signature: Date: Payment Method : By cross cheque or bank draft payable to Technical Petroleum Training Institute Mail your payment with this registration form to TPTI. Enclosed is the cheque / draft for Baht By Address :The Department of Mineral Fuel 6 th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. 3. Wire transfer into the account ofTechnical Petroleum Training Institute Bank Name : Siam Commercial Bank Ltd., Branch : Ramatibadee Account No: 026-4-01533-4 or Swift Code: SICOTHBK 4. THREE EASY WAYS TO REGISTER : Tel: 66 2 949 2330-1 1. FAX: 66 2 791 1730 2. E-MAIL: jitladat@gmail.comjitladat@gmail.com Venue -TPTI Bangkok Training Center Shinawatra III Building, 6 th Floor Vibhavadi-Rangsit Rd. Technical Petroleum Training Institute : Head Office The Department of Mineral Fuel 6 th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. Tel: 66 2949-2330 Fax : 66 2791 1730 http://www.tpti.org Technical Petroleum Training Institute : Training Center 6th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. Tel: 66 2 949 2330-1 Fax: 66 2 791-1730 E-mail: tpti@dmf.go.th