Myanmar find test under way

PTTEP International Ltd.'s exploration well Zatila-1 in block M9, offshore Myanmar in the Gulf of Mataban about 275 km south of Yangoon, reached TD of 2,912 m and encountered "several petroleum bearing formations".
Aug. 2, 2006
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Offshore staff

BANGKOK, Thailand -- PTTEP International Ltd.'s exploration well Zatila-1 in block M9, offshore Myanmar in the Gulf of Mataban about 275 km south of Yangoon, reached TD of 2,912 m and encountered "several petroleum bearing formations".

A drillstem test will be used to determine commerciality.

8/2/06

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