roc three shallow water permits in myanmar, page-4

Interesting to note that TAP is a J/V, they are low on cash, so I am going to assume we are going to be majority holder of the block.

A quick search about the block gave me this (good to know that there def is hydrocarbons and gas in the block).
(( Caveat being I cannot be 100% sure it is the same block yet, too little info))

PTTEP's Block M7 well off Myanmar noncommercial
01/03/2009

By an OGJ correspondent
BANGKOK, Jan. 2 -- PTT Exploration & Production PLC (PTTEP)'s initial foray onto Block M7 in the Gulf of Martaban, Myanmar, was unsuccessful, raising doubts about the anticipated gas potential.
Janaka-1 was the first exploration well drilled by the Thai-state-controlled group on the 13,302 sq km acreage by the West Ariel jack up.
Spudded on Aug. 8, the well was drilled to 3,581 m TD. Although it encountered three petroleum bearing formations with a total thickness of 18 m and discovered gas, it was declared noncommercial.
PTTEP has written off the well's cost, slightly over $28 million, in fourth-quarter 2008.
However, PTTEP Chief Executive Anon Sirisaengtaksin said PTTEP will conduct additional studies and will re-evaluate the petroleum potential with a view to planning further exploration on the block in the near future.
PTTEP, which operates Block M7 with a 100% interest, completed 500 line-km of 2D seismic campaign earlier this year and originally planned to drill only two exploration wells there.