PTT Exploration And Production Sees FY24 Sales Volume 509,000 Boed

PTT Exploration and Production PCL PTTEP:

• SEES FY24 SALES VOLUME 509,000 BOED

• SEES Q2 2024 AND FY2024 EBITDA MARGIN 70-75%

• ANTICIPATES CRUDE OIL SUPPLY TO REMAIN TIGHT IN 2024

• SEES TOTAL PRODUCTION CAPACITY OF BOTH EXISTING AND NEW LNG PROJECTS TO INCREASE TO 422 MTPA IN 2024

• SEES Q2 SALES VOLUME OF ABOUT 514,000 BOED

• CURRENT GLOBAL LNG MARKET REMAINS OVERSUPPLIED

• EXPECTED THAT LNG DEMAND WILL RISE IN Q2 THROUGH Q4 OF 2024

• SEES UNIT COST TO BE SLIGHTLY HIGHER VERSUS REPORTED UNIT COST IN 2023, FOR Q2 & FY24

• FOR Q2 AND FY 2024, PTTEP EXPECTS UNIT COST TO BE SLIGHTLY HIGHER COMPARED TO REPORTED UNIT COST IN 2023

• FORECASTS AVERAGE ASIAN SPOT LNG PRICE FOR 2024 TO RANGE BETWEEN 9 TO 13 USD/MMBTU