Dong Mun

The Dong Mun gas discovery, located in concession L27/43, is approximately 80 km to the southeast of the gas productive Sinphuhorm field. Gas has been tested in the reefal carbonate Pha Nok Khao formation in two wells; Dong Mun 1, which was drilled by Esso in 1990, and Dong Mun 3 ST, which was drilled by APICO, LLC in 2012.  Following the successful test of the Dong Mun sidetrack well (Coastal 39% working interest) in the first quarter, the Company has recorded 59.7 bcf (10.0 mmboe) of high quality contingent resources. This will be reclassified into 1P and 2P reserves once a gas sales agreement is secured. The Company and its partners in the onshore assets are currently working on the development plans for the field as well as securing a sales agreement and evaluating pipeline construction.  First gas from the field is currently anticipated to be achieved by the end of 2014.