barrels per day (2,156 barrels net to Nido), which decreased according to the Natural-Decline Production Curve. Nido Petroleum Limited’s Selling, General and Administrative expense increased. As a result

operations include (i) natural gas price and coal price that continued to drop further from previous quarter resulting in lower costs of sales and increasing industrial customers sales margin in spite of the

risks and opportunities 2. Clear and understandable: presented in a manner that aids understanding (providing context, limitation and management’s thinking) 3. Reliable, verifiable, and objective 4

4.9 4.4 (10.2%) 33.3% 7.5 9.3 24.0% Sales from Natural Gas Power Plant 519.8 470.8 496.5 5.5% (4.5%) 1,042.4 967.3 (7.2%) Sales of electricity - Base tariff and Ft 27.2 27.8 25.3 (9.0%) (7.0%) 51.5 53.1

a liquidity constraint from the financial crisis in 1997. EMC group went into the rehabilitation process with the central court of bankruptcy and led to the recover process after such event. Until

to remain at the same rate if there is no significant change in natural gas price and the appreciation in Thai Baht. However, during September and December of 2018, Ft rate is expected to be adjusted

electricity to Industrial Users (IU) 0.6 1.2 0.6 100.0% Sales of steam (IU) 0.6 3.7 3.1 516.7% Sales from Natural Gas Power Plant 734.1 565.1 (169.0) (23.0%) Sales of electricity - FiT, base tariff and Ft 74.5

%) (70.5%) 13.6 11.1 (18.4%) Sales from Natural Gas Power Plant 518.9 496.5 462.0 (6.9%) (11.0%) 1,561.3 1,429.3 (8.5%) Sales of electricity - Base tariff and Ft 25.3 25.3 24.0 (5.1%) (5.1%) 76.8 77.1 0.4

0.2 2.3 1,050.0% 109.1% 3.3 3.0 (9.1%) Sales from Natural Gas Power Plant 884.1 664.0 572.9 (13.7%) (35.2%) 2,210.1 1,970.9 (10.8%) Sales of electricity - FiT, base tariff and Ft 76.7 81.0 64.3 (20.6

information, caution, restriction, prohibition or risk in relation to the services; (7) arranging for the acknowledgement and acceptance of the client about conditions or limitation of providing services as