Sea Oil Public Company Limited has received the report from Pan Orient Energy (Siam) Ltd. regarding the progress of drilling of L53-AA2 Exploration Well which has been started since 12 February 2020 as follows: POES has encountered 2 levels of reservoir rock with approximately 11 meters of net oil pay from drilling the L53-AA2 Exploration Well at a vertical depth of 940-994 meters. This Exploration Well is located 1.4 Kilometers from the L53-DD field, which has already discovered oil, in the West. Since the structure of the L53-AA2 Exploration Well is outside of existing production license areas permitted by the Department of Mineral Fuels, POES must submit for production test approval of the L53-AA2 Exploration Well for 90 days. It is expected to obtain the license within 30 days. POES has moved the oil drilling rig to L53- AA1 Exploration Well in accordance with reported drilling plan. The structure of field of the L53-AA1 Exploration Well is located 1.2 Kilometers from the L53-AA2 Exploration Well in the South. However, the drilling process will be performed at the same rig as the L53-AA2 Exploration Well.