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Thailand Overview
  • 12313 Concessions L44 & L33 
       – 60% WI & Operator 
       – 0.5 million net acres
 
  • Concession L53/48                 
       – 100% WI & Operator
       – 1 million net acres 
       
  • Excellent infrastructure
     
  • Crude fetches ~90% of WTI
     
  • Two rigs under long term contract (approx. $0.8- 1.0MM USD/well)
  • 14-21 days per well
     
  • 50% Tax + 5-15 % (sliding scale) royalty + SRB (0-37.5% ring fenced by concession)after tax of profits, once capital is recovered
     
  • $2.50 USD/bbl trucking cost to Bangkok refinery
 
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