Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 7 Key Information 7 Company Overview 7 PTT Public Company Limited, Valuation and Financial Data 8 PTT Public Company Limited, Share Price Performance 8 Share Price Performance, Q1, 2015-Q1, 2016 8 PTT Public Company Limited, Key Valuation Metrics 9 Key Valuation Metrics, Q1, 2015-Q1, 2016 9 PTT Public Company Limited, Quarterly Results of Oil & Gas Operations Per boe Produced 10 Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 10 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 11 PTT Public Company Limited, Quarterly E&P Costs Trends 12 Upstream Capital Expenditure, Q1, 2015-Q1, 2016 12 PTT Public Company Limited, Quarterly Production Trends 13 PTT Public Company Limited, Total Oil and Gas Production 13 Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 13 Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 14 PTT Public Company Limited, Crude Oil Production 15 Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 15 PTT Public Company Limited, Natural Gas Production 16 Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 16 PTT Public Company Limited, Valuation and Financial Data, 2011-2015 17 PTT Public Company Limited, Share Price Performance, 2011-2015 17 Share Price Performance, 2011-2015 17 Key Valuation Metrics, 2011-2015 18 PTT Public Company Limited, Production and Reserves Trends 19 Total Oil and Gas, Reserves and Production 19 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 19 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 20 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 22 Crude Oil/Liquids Production and Reserve 23 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 23 Crude Oil Production and Reserves By Country/Region, 2011-2015 24 Crude Oil/Liquids Reserve Changes, 2011-2015 25 Natural Gas Production and Reserve 26 Natural Gas Production and Reserve Trend, 2011-2015 26 Natural Gas Production and Reserves, By Country/Region, 2011-2015 27 Natural Gas Reserve Changes, 2011-2015 28 Total Crude Oil and Natural Gas Reserves Life Index 29 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 29 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 30 PTT Public Company Limited, E&P Costs Trends 32 Allocation of the Upstream Capital Expenditure 32 Upstream Capital Expenditure, 2011-2015 32 Exploration and Development Costs, By Country/Region, 2011-2015 33 Oil and Gas Cost Per boe, US$/boe 35 Oil and Gas Cost Per boe, US$/boe, 2011-2015 35 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 37 PTT Public Company Limited, Reserve Replacement Ratio 39 Oil and Gas Production Replacement Ratio 39 Oil and Gas Production Replacement Ratio, 2011-2015 39 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 41 PTT Public Company Limited, Results of Oil & Gas Operations Trend 45 Oil and Gas Revenue and Expenses 45 Oil and Gas Revenue and Expenses, 2011-2015 45 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 46 Oil and Gas Revenue and Expenses, Per boe 51 Oil and Gas Revenue and Expenses, By boe, 2011-2015 51 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 52 Oil and Gas Performance Metrics 56 Well Statistics 57 Producible Oil and Gas Well, 2011-2015 57 Producible Oil and Gas Well, By Country/Region, 2011-2015 58 Exploration and Development Wells Drilled, 2011-2015 63 Recent Developments 64 PTT Public Company Limited - Recent Developments 64 Sep 02, 2016: Rosneft Plans Multidimensional Cooperation With Thailand 64 Aug 18, 2016: PTT To Import More LNG In 2017 64 Aug 15, 2016: PTT And Its Subsidiaries’ Financial Statements For 3-Month And 6-Month Period Ended June 30, 2016 And Operating Results 64 Aug 15, 2016: PTT assists state policy to aid electric vehicle business along with leading automobile dealers 65 Jul 27, 2016: PTT Public Company: Resignation of a Director 66 Jul 27, 2016: PTT Announces Resignation Of A Director 66 Jul 23, 2016: Vietnam's Binh Dinh Province Scraps Nhon Hoi Oil Refinery Project 66 Jun 28, 2016: PTT Puts On Hold Plans To Build Oil Refinery And Petrochemical Complex In Vietnam 66 May 30, 2016: PTT To Increase Thailand's Map Ta Phut LNG Terminal Capacity 67 May 18, 2016: Novatek signs MoU with PTT of Thailand 67 Appendix 69 Methodology 69 Coverage 69 Secondary Research 69 Primary Research 69 Data Information Sources 70 Company Source 70 SEC/Other Regulatory Filings 70 Other Sources 70 Expert Panel Validation 70 Data Definition 70 Oil and Gas Reserves 70 Units of Measure 71 About GlobalData 71 Disclosure 71 Disclaimer 71

List of Tables Table 1: PTT Public Company Limited, Key Facts 7 Table 2: PTT Public Company Limited, Share Price Performance, Q1, 2015-Q1, 2016 8 Table 3: PTT Public Company Limited, Key Valuation Metrics, Q1, 2015-Q1, 2016 9 Table 4: PTT Public Company Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 10 Table 5: PTT Public Company Limited, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 11 Table 6: PTT Public Company Limited, Upstream Capital Expenditure, Q1, 2015-Q1, 2016 12 Table 7: PTT Public Company Limited, Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 13 Table 8: PTT Public Company Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 14 Table 9: PTT Public Company Limited, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 15 Table 10: PTT Public Company Limited, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 16 Table 11: PTT Public Company Limited, Share Price Performance, 2011-2015 17 Table 12: PTT Public Company Limited, Key Valuation Metrics, 2011-2015 18 Table 13: PTT Public Company Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 19 Table 14: PTT Public Company Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 21 Table 15: PTT Public Company Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 22 Table 16: PTT Public Company Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23 Table 17: PTT Public Company Limited, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 24 Table 18: PTT Public Company Limited, Crude Oil Reserve Changes, mmbbl, 2011-2015 25 Table 19: PTT Public Company Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 26 Table 20: PTT Public Company Limited, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 27 Table 21: PTT Public Company Limited, Natural Gas Reserve Changes, bcf, 2011-2015 28 Table 22: PTT Public Company Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 29 Table 23: PTT Public Company Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 31 Table 24: PTT Public Company Limited, Upstream Capital Expenditure, US$ mil, 2011-2015 32 Table 25: PTT Public Company Limited, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 34 Table 26: PTT Public Company Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 36 Table 27: PTT Public Company Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 38 Table 28: PTT Public Company Limited, Oil and Gas Production Replacement Ratio, %, 2011-2015 40 Table 29: PTT Public Company Limited, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 44 Table 30: PTT Public Company Limited, Revenue and Expenses, US$ mil, 2011-2015 45 Table 31: PTT Public Company Limited, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 50 Table 32: PTT Public Company Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 51 Table 33: PTT Public Company Limited, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 55 Table 34: PTT Public Company Limited, Oil and Gas Performance Metrics, 2011-2015 56 Table 35: PTT Public Company Limited, Producible Oil and Gas Wells, 2011-2015 57 Table 36: PTT Public Company Limited, Producible Oil and Gas Wells, By Country/Region, 2011-2015 62 Table 37: PTT Public Company Limited, Exploratory and Developed Wells, 2011-2015 63 List of Figures Figure 1: PTT Public Company Limited, Share Price Performance, THB/Share, Q1, 2015-Q1, 2016 8 Figure 2: PTT Public Company Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 9 Figure 3: PTT Public Company Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 10 Figure 4: PTT Public Company Limited, Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 12 Figure 5: PTT Public Company Limited, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 13 Figure 6: PTT Public Company Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 14 Figure 7: PTT Public Company Limited, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 15 Figure 8: PTT Public Company Limited, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 16 Figure 9: PTT Public Company Limited, Share Price Performance, THB/Share, 2011-2015 17 Figure 10: PTT Public Company Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 18 Figure 11: PTT Public Company Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 19 Figure 12: PTT Public Company Limited, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 20 Figure 13: PTT Public Company Limited, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 20 Figure 14: PTT Public Company Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 22 Figure 15: PTT Public Company Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23 Figure 16: PTT Public Company Limited, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 24 Figure 17: PTT Public Company Limited, Crude Oil Reserve Changes, mmbbl, 2015 25 Figure 18: PTT Public Company Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 26 Figure 19: PTT Public Company Limited, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 27 Figure 20: PTT Public Company Limited, Natural Gas Reserve Changes, bcf, 2015 28 Figure 21: PTT Public Company Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 29 Figure 22: PTT Public Company Limited, Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 30 Figure 23: PTT Public Company Limited, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 30 Figure 24: PTT Public Company Limited, Oil Reserve Life Index, By Country/Region, Ratio, 2011-2015 31 Figure 25: PTT Public Company Limited, Upstream Capital Expenditure, US$ mil, 2011-2015 32 Figure 26: PTT Public Company Limited, Development Costs, By Country/Region, US$ mil, 2011-2015 33 Figure 27: PTT Public Company Limited, Exploration Costs, By Country/Region, US$ mil, 2011-2015 33 Figure 28: PTT Public Company Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 35 Figure 29: PTT Public Company Limited, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 37 Figure 30: PTT Public Company Limited, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 37 Figure 31: PTT Public Company Limited, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 38 Figure 32: PTT Public Company Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 39 Figure 33: PTT Public Company Limited, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 41 Figure 34: PTT Public Company Limited, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 41 Figure 35: PTT Public Company Limited, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 42 Figure 36: PTT Public Company Limited, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 42 Figure 37: PTT Public Company Limited, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 43 Figure 38: PTT Public Company Limited, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 43 Figure 39: PTT Public Company Limited, Revenue and Expenses, US$ mil, 2011-2015 45 Figure 40: PTT Public Company Limited, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 46 Figure 41: PTT Public Company Limited, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 46 Figure 42: PTT Public Company Limited, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 47 Figure 43: PTT Public Company Limited, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 47 Figure 44: PTT Public Company Limited, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 48 Figure 45: PTT Public Company Limited, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 48 Figure 46: PTT Public Company Limited, Production Costs, By Country/Region, US$ mil, 2011-2015 49 Figure 47: PTT Public Company Limited, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 49 Figure 48: PTT Public Company Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 51 Figure 49: PTT Public Company Limited, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 52 Figure 50: PTT Public Company Limited, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 52 Figure 51: PTT Public Company Limited, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 53 Figure 52: PTT Public Company Limited, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 53 Figure 53: PTT Public Company Limited, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 54 Figure 54: PTT Public Company Limited, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 54 Figure 55: PTT Public Company Limited, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 55 Figure 56: PTT Public Company Limited, Oil and Gas Performance Metrics, 2011-2015 56 Figure 57: PTT Public Company Limited, Producible Oil and Gas Wells, 2011-2015 57 Figure 58: PTT Public Company Limited, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 58 Figure 59: PTT Public Company Limited, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 58 Figure 60: PTT Public Company Limited, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 59 Figure 61: PTT Public Company Limited, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 59 Figure 62: PTT Public Company Limited, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 60 Figure 63: PTT Public Company Limited, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 60 Figure 64: PTT Public Company Limited, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 61 Figure 65: PTT Public Company Limited, Exploratory and Developed Wells, 2011-2015 63