"Moreover, PTTEP confirms there is no verifiable scientific evidence that can be used to support the claim," the broker said. The Jakarta Post earlier reported the Indonesian government was preparing to suspend PTTEP AA's licences and assets in the country. PTTEP's shares opened slightly lower at 93.75 baht yesterday before dipping to the day's trough of 93.25 baht. Buying on weakness cancelled out early losses, with the stock closing unchanged at 94.50 baht in trade worth 931 million baht. Natuna Sea A contributes about 1% to PTTEP's sales volume and roughly the same contribution to PTTEP's asset base, in our estimation.

Source: Bangkok Post May 09, 2017 00:45 UTC