SPC Cambodia Limited has reached an agreement with the government to claim a 30 percent

interest in the Block B Petroleum Agreement, for oil exploration off the coast of

Cambodia, according to an August 24 press release from the company.

SPC Cambodia is a wholly-owned subsidiary of Singapore Petroleum Company.

Over the next three years, SPC Cambodia and its partners will explore the area by

drilling one exploration well and collecting 200 square kilometers of 3D seismic

data about Block B, located 250 kms offshore from Cambodia.

Other exploration partners are Thailand's PTT Exploration and Production International

Limited (30 percent interest), Malaysian-controlled Resourceful Petroleum Limited

(30 percent), and Australian-based Cooper Energy Limited (10 percent).