into the Asset Sale and Purchase Agreement with Thai Oil and the payment of the purchase price after both companies obtained the approval of their shareholders’ meeting, in the 2019 Annual General

debt ratio that could be fairly compared to peers in the same industry as well as suppor t the investment in current and future projects. On 28 August 2019, the Extraordinary General Meeting of

consolidated financial statements, which is a record of asset impairment in the Gulita and Mid-Galoc oil fields, and the assessment of resource reserves in the Galoc field which was lower than last year. In 2017