Armed With $11 Billion, Thai Oil Giants hunt

[THAIPHUKET]

Source Bloomberg Markets  https://goo.gl/tP3Aqz

Thailand’s PTT Exploration & Production Pcl and its parent company have nearly $11 billion combined in cash and marketable securities, such as bonds and other short-term investments. The explorer is ready to spend from its portion on projects and exploration acreage to rescue declining oil and gas reserves, according to Chief Executive Officer Somporn Vongvuthipornchai.

 

 

 

 

 

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