Strictly confidential 1Q 2014 Production & Financial Results June 2014 \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt Table of Contents Section 1: Overview of EMP 3 Section 2: Key Corporate Strengths 6 Appendix: Additional Information 16 1 \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt Disclaimer THIS DOCUMENT CONTAINS INFORMATION THAT IS PROPRIETARY AND CONFIDENTIAL IN NATURE, AND IS OR MAY BE PRICE-SENSITIVE INFORMATION. THE USE OF SUCH INFORMATION MAY BE REGULATED OR PROHIBITED BY APPLICABLE LEGISLATION INCLUDING SECURITIES LAW RELATING TO INSIDER DEALING AND MARKET ABUSE AND THE RECIPIENT UNDERTAKES NOT TO USE SUCH INFORMATION FOR ANY UNLAWFUL PURPOSE. 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Investors and security holders are cautioned that forward-looking statements are subject to various assumptions, risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company, and any of which may cause its actual results or performance to be materially different from any future results or performance expressed or implied by such estimates and projections. The estimates and projections are also necessarily based upon, and reflect, certain assumptions and qualifications with respect to future business decisions which are subject to change. Accordingly, there can be no assurance that these projections will be realized. The recipient is cautioned not to place reliance on this information. 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Accordingly, no representation or warranty, either expressed or implied, is provided in relation to the accuracy, reliability or completeness of the information contained in this Presentation, nor is it intended to be a complete statement or summary of the resources markets or developments referred to in this Presentation. It should not be regarded by recipients as substitute for the exercise of their own judgment. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company’s financial or trading position or prospects. The information contained in these materials should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the Presentation. The offering circular Company in connection with the offering of the Company's securities will contain detailed information about the Company and its management as well as the financial statements of the Company. Any decision to purchase securities in the offering should be made solely on the basis of the information contained in the offering circular. While the information contained herein has been prepared in good faith, neither the Company, Credit Suisse (Singapore) Limited, Deutsche Bank AG, Singapore Branch, UBS AG, Singapore Branch nor any of their respective shareholders, directors, officers, agents, employees or any other person assumes responsibility for the accuracy, reliability and completeness of the forward-looking statements contained in this presentation. The forward-looking statements in this Presentation are made only as of the date of this Presentation. The Company is under no duty to update any of the forward-looking statements after this date to conform such statements to actual results or developments or to reflect to the occurrence of anticipated results or otherwise. Any opinions expressed in this Presentation are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or groups of the Company as a result of using different assumptions and criterion. 2 2 Section 1 Overview of EMP \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt Indonesia’s Leading Independent E&P Company Independent upstream oil and gas exploration, development and production company in Indonesia with high production growth, strong cash flow generation and fast improving credit metrics 2P reserves of 220 mmboe and 3P reserves of 406 mmboe Stable cashflow generation through developed oil assets and long term gas contract with increasing offtake price trend . Deleveraging balance sheet with 2013 Total debt / EBITDA of 1.6x and Net debt / EBITDA of 1.1x Production life 1 (mmboe) Independent upstream E&P company with 2P reserves of 220 mmboe and annual production growth of 79% for 20112013. 12 yrs 22 yrs 500 406.7 400 29.10 300 220 200 21.00 100 1,195.7 bcf 2,265.8 bcf 0 Net proved plus probable reserves Net proved, probable & possible reserves Oil Gas Improving debt2 / EBITDA metrics (x) Strong production growth 25 (MBOEPD) 80 60 38.3 40 20 0 16.6 49.3 51.9 12.5 12.7 36.8 38.6 25.9 2011 2012 2013 1Q 2014 21.2 15 15 10.1 10 12.4 7.2 9.4 20 6.6 6.6 5.3 5 2.5 2 0 Gas Oil 2009 2010 2011 Total debt/EBITDA 2012 (3) 1.6 1.1 2013 (3) Net debt/EBITDA Source : Company information; Wood Mackenzie Notes : 1. Production life is calculated as reserves / (avg. 1Q 2014 daily production * 365) 2. Total Debt is comprised of short-term loans, current maturities of long-term loans and long-term loans, net of current maturities; Net Debt is comprised of Total Debt less (i) cash and cash equivalents, (ii) short-term investment and (iii) restricted long-term cash 3. Includes ONWJ EBITDA based on 36.7205% gross working interest 4 \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt Diverse Asset Portfolio Across Indonesia & Mozambique Gebang JOB PSC Working interest: 1P reserves: 2P reserves: 1Q 2014 net prod: Operator: Partner: Malacca Straits PSC 50.0% 0.004 mmbbl, 0.2 bcf 0.013 mmbbl, 0.6 bcf 14 bopd, 0.39 mmscfd Pertamina Pertamina (50%) Working interest: 1P reserves: 2P reserves: 1Q 2014 net prod : Operator: Partner: Sungai Gelam TAC 60.49% 5.3 mmbbl, 8.2 bcf 6.9 mmbbl, 11.4 bcf 3,288 bopd, 4.0 mmscfd EMP CNOOC (39.51%) Working interest: 1P reserves: 2P reserves: 1Q 2014 net prod : Operator: Semberah TAC 100% 0.97 mmbbl 4.5 bcf 1.3 mmbbl 5.8 bcf 911 bopd, 6.3 mmscfd EMP Working interest: 1P reserves: 100% 0.44 mmbbl, 0.8 bcf 0.66 mmbbl, 1.1 bcf 938 bopd, 2.7 mmscfd EMP 2P reserves: 1Q 2014 net prod : Operator: Net 1P reserves: 110 mmboe Sangatta II CBM PSC Buzi EPCC Working interest: 1P reserves: 2P reserves: Operator: Partner: 75% 29.5 bcf 212.3 bcf EMP ENH (25%) INDONESIA Net 3P reserves: 406 mmboe Tabulako CBM PSC MOZAMBIQUE Tonga PSC (2) Bentu PSC Korinci Baru PSC Working interest: 94.2875% 1P reserves: 1.41 mmbbl 2P reserves: 3.19 mmbbl 1Q 2014 net prod : 325 bopd Operator: EMP Working interest: 100% 1P reserves: 152.2 bcf 2P reserves: 355.8 bcf 1Q 2014 net prod : 32.6 mmscfd Operator: EMP Working interest: 1P reserves: 2P reserves: 1Q 2014 net prod : Operator: Source: Notes: 1. 2. Net 2P reserves: 220 mmboe 100% 0.9 bcf 2.0 bcf EMP Producing assets CBM assets (exploration) ONWJ PSC (1) Kangean PSC Working interest: 1P reserves: Working interest: 1P reserves: 18.73% 6.9 mmbbl, 42.5 bcf 2P reserves: 8.7 mmbbl, 48.1 bcf 1Q 2014 net prod : 7,215 bopd, 39.3 mmscfd Operator: Pertamina (58.28%) Partner: PT Capitalinc Investment Tbk. Company information Reserves and production indicated are on a net working interest basis. bcf: billion cubic feet, mmbbl: million barrels, bbl/day: barrel/day, mmscf/day: million cubic feet/day EMP's 51% subsidiary EMP International (BVI) Limited acquired a 36.7205% Working interest in ONWJ PSC in December 2011 Production commenced in May 2012 (17.99%) 50% 0.058 mmbbl, 335 bcf 2P reserves: 0.11 mmbbl, 558.7 bcf 1Q 2014 net prod : 44 bopd, 146 mmscfd Operator: KEI Partner: Mitsubishi (25%) Japex (25%) Risco-Kufpec (5%) 5 Section 2 Key Corporate Strengths \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt Summary of Key Corporate Strengths 8 Experienced leadrship team with proven track record 7 As an independent upstream E&P player in Indonesia, EMP is supported by its portfolio of high quality assets. 6 1 Large, atrdiversified active, portfolio of oil and gas property Solid financial position Full commitments to rigorous safety, health, and environment standards Strategic posotion in Indonesia’s fast growing domestic energy market Strong production growth back record and visible development pipeline Prioritize Good Corporate Governance (GCG) 5 2 3 Stable cash flows from producing oil assets and medium to long term gas contracts 4 7 \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt 1 Large, Attractive, Diversified Portfolio of Oil And Gas Assets The size and diversity of EMP’s reserve base will enable the company to pursue growth and continue to build on its leading position in Indonesia Large reserve base and long reserve life Diverse reserve base Diversified portfolio with multiple oil and gas production areas – 264 reservoirs and 114 fields – Most producing assets are on-shore Large reserves base in Indonesia compared to other independent players Long 2P & 3P reserves life of 12 years and 22 years respectively based on current production Commercial production in nine of twelve contract areas 2P reserves breakdown (mmboe) Production life 1 12 yrs 22 yrs 500 406.7 400 29.10 300 220 200 21.00 100 1,195.7 bcf Others 3% 3P reserves breakdown 4 3 Others 2% Buzi 16% Buzi 32% Bentu 26% Bentu 27% 2,265.8 bcf 0 Net proved plus probable reserves Gas Net proved, probable & possible reserves Oil Source: Company information; Notes: 1. Production life is calculated as reserves / (avg. 1Q 2014 daily production * 365) 2. As of 31 Mar 2014 3. Includes Gebang 0.05%, Gelam 1.0%, Semberah 0.38%, Tonga 1.45%, Korinci Baru 0.15% 4. Includes Gebang 0.05%, Gelam 0.80%, Semberah 0.37%, Tonga 1.31%, Korinci Baru 0.13% Malacca Straits 4% ONWJ 8% Kangean 42% 2P reserves: 220.3 mmboe 2 Malacca Straits 3% ONWJ 5% Kangean 32% 3P reserves: 406.7 mmboe 2 8 2 Full Commitment to Implement Rigorous Safety, Health & Environment Standards along with Risk Management \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt EMP is committed to grow sustainably for our people and the environment with good risk management Actions: – Established an in-house Safety, Health and Environmental (SHE) Department in 2006 which reports directly to the BoD …and our results speak for themselves (1) Achieved recognition from Indonesia’s Ministry of Environment based on EMP’s environment audit result Business Unit PROPER 20132 EMP Malacca Strait Blue EMP Bentu Blue Safety: – Awarded OHSAS 18001 in 2005 for Malacca Straits PSC – Implement Contractor Safety Management System (CSMS) – Implement STOP card system EMP Korinci Baru Blue EMP Semberah Green EMP Gebang Blue EMP Kangean Blue Environment: Awarded ISO14001 in 2005 for Malacca Straits PSC EMP Gelam Green EMP ONWJ Green EMP’s SHE implementation Health requirements and practices: – Compulsory annual medical check for all employees – Health card clearance for site visits Beyond compliance companies that achieve zero emissions Beyond compliance companies Have achieved compliance level Notes: 1 Data refers to blocks which are operated by EMP 2 environment audit performed by Environmental Ministry of Republic of Indonesia Managed environment impact but below requirements Have not managed environment impact at significant level 9 3 Strong Production Growth Track Record and Visible Development Pipeline \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt EMP has historically achieved strong production growth both organically and through acquisitions. It has invested substantial capital in 2010 and 2011 for further growth Increasing gas production ...and increasing oil production 18 300 220.8 200 231.4 (MBOPD) 150 56.4 9 3 0 0 2012 12.5 12.7 2013 2012 2013 1Q 2014 7.2 6 50 2011 12.4 12 155.7 100 15 2011 1Q 2014 ONWJ & Kangean resulted in significant increase in production Currently 9 of 12 blocks in commercial production Strong production track record Visible development pipeline 1Q 2014 Production 60 388 producing wells across 89 fields Successful startup of Tonga PSC and Terang (Kangean PSC) in May 2012 Significant capital expenditure already spent over 2010 - 2012 Kangean TSB field start-up on May 26th, 2012 Acquisition of ONWJ provides immediate cash flow 24.4 50 (MBOEPD) (mmscfd) 250 3.7 51.3 Others Total 40 30 13.8 20 10 5.4 4.0 0 Malacca Bentu ONWJ Kangean Key contributors to the production 10 4 Stable Cash Flows From Producing Oil Assets and Long Term Gas Contracts \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt Strong production growth with oil production at international pricing and gas production with long term contracts with price escalation Oil & Gas production1 (MBOEPD) Oil & Gas revenue split2 (US$ million) 1000 49.3 51.9 800 12.5 12.7 600 38.3 40 (US$m) (MBOEPD) 60 12.4 16.6 20 0 36.8 7.2 9.4 25.9 2011 2012 2013 Gas 38.6 400 200 0 1Q 2014 654 242 382 379 138 191 51 275 2011 2012 Oil 193 425 80 113 2013 Gas 1Q 2014 Oil Recently signed gas sales agreements Avg Realized Gas Price ONWJ 4 Kangean 4 (US$/MMBTU) (US$/MMBTU) (US$/MMBTU) $4.2 $5.22 2011 2012 $5.82 $5.97 $6.1 $3.63 2013 1Q 2014 PLN 3 PK 679BCF Baa3/BB/BBB-5 189BCF NR 5 $6.11 PK additional $6.06 $5.46 $5.17 Pertamina PLN 3 PKG 3 20BCF Baa3/BB+/BBB- 5 Source : Company information. Notes : 1. Includes ONWJ production based on net working interest of 18.73% 2. Includes ONWJ revenue based on gross working interest of 36.7205% 3. PLN is Perusahaan Listrik Negara (electricity provider), PK is Pupuk Kujang (fertilizer plant), PKG is Petrokimia Gresik (fertilizer plant), Indogas and Pertagas are gas traders 4. Delivered price, including transportation cost (ONWJ), and well head price, excluding transportation cost (Kangean) 5. Credit ratings as Moody’s/S&P/Fitch $5.46 $5.46 PT Pertagas 3 PT Indogas 3 369BCF 242BCF 221BCF 79BCF Baa3/BB/ BBB-5 NR 5 NR 5 NR 5 11 \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt 5 Full Commitment to Good Corporate Governance (GCG) b a EMP has a diverse shareholder base… …combined with world-class partners at the operations level World class partners UBS AG Singapore Fund 20.69% • Operator and 58.28% interest in ONWJ, Gebang (50%) and Sangatta II (40%) CNOOC • • 39.5% interest in Malacca Straits Previously sold 36.72% interest in ONWJ to EMP Japex • Operator and 25% interest in Kangean Mitsubishi • 25% interest in Kangean Empressa Nacional de Hidrocarbonetos • 25% interest in Buzi EPCC Pertamina Bakrie & Brothers Other public shareholders 59.88% 6.53% Mackenzie Cundill & CIM 9.03% JPMCB 3.87% EMP has a diverse shareholder base ̶ ̶ Public shareholders at 59.88% MacKenzie Cundill at 9.03% and UBS AG Singapore fund at 20.69% Bakrie Group at 6.53% ̶ c Project with EMP …and further supported by cross-departmental corporate governance committees to implement GCG World class major oil & gas companies are co-owners at asset level ̶ ̶ CNOOC, Japex & Mitsubishi hold interests at asset level EMP involvement ranges from operatorship, joint operatorship and non‐operatorship. EMP works closely with its major oil partners at all levels EMP places a high priority on corporate governance ̶ ̶ ̶ Overall company Corporate Governance framework Audit, Risk Management, Conflict of Interest, Remuneration and Compliance committees Rated by S&P and Moody’s 12 Source: Company information as per 28 Mar 2014. 6 Strategic Position In Indonesia’s Fast \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt Growing Domestic Energy Market Well positioned to benefit from the country’s expected high growth in oil and gas consumption Key Industry drivers 2011 Gas Consumption per capita Gas industry dynamics Indonesia has one of the lowest gas consumption per capita in Asia Pacific Significant price and efficiency benefits by converting to natural gas Pent‐up demand from the conversion of existing dual fired power plants and plans to build new gas-powered plants Require natural gas to compete under the Free Trade Agreement (cubic meter per capita) 1,163 50% 50% 977 695 426 Decreasing domestic production as a result of maturing fields Increasing demand from the transport sector, the largest consumer of oil Already a net importer of oil, with imports expected to significantly increase Indonesia gas supply / demand balance 34 51 97 Phillipines India China 153 Export Domestic Consumption Indonesia Hong Kong Thailand South Korea Malaysia Australia Singapore Source: BP Statistical Review (2012), CIA Factsheet Indonesia oil supply / demand balance (MBOPD) Net imports Exports Production & consumption (MMSCFD) Production & consumption 1,628 953 Oil industry dynamics Source: BP Statistical Review (2012) Notes: Negative oil imports signify oil exports, as oil production outstrips oil consumption. Assumes 1 bcm = 35.3 bcf 2011 Indonesia Gas Production Source: BP Statistical Review (2012) 13 \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt 7 Solid Financial Position Top line growth and improved leverage profile Top line growth (1) Future capex mainly development 1000 700 807 462 342 242 193 114 200 119 0 2012 Revenue 1Q 2014 Revenue 2013 300 219 100 254 206 200 1Q 2014 222 61 2009 2010 2011 2012 2 2013 2 2014E 2 Actual total capex EBITDA 1Q 2014 EBITDA Debt 4 / EBITDA metrics (x) EBITDA / Interest Cover (x) 4.7 5.0 EBITDA / Interest 3 400 0 2011 3.7 4.0 25 2.7 3.0 2.0 528 500 600 400 600 654 (US$m) (US$m) 800 20 21.2 15 15 1.2 1.0 5 0.0 0 2010 10.1 10 2011 2012 2013 6.6 2009 2010 6.6 5.3 2011 2.5 2 (5) 2012 Source: Company information. Total debt/EBITDA Net debt/EBITDA Notes: 1. Includes ONWJ revenues and EBITDA based on gross 36.7205% 2. Includes ONWJ Capex based on net working interest of 18.73% 3. Interest = financing charges 4. Total Debt is comprised of short-term loans, current maturities of long-term loans and long-term loans, net of current maturities; Net Debt is comprised of Total Debt less (i) cash and cash equivalents, (ii) short-term investment and (iii) restricted long-term cash 5. Includes ONWJ EBITDA based on gross 36.7205% 1.6 1.1 (5) 2013 14 \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt 8 Experienced Leadership Team with Proven Track Record Highly committed management team with extensive experience in the oil and gas sector Reputable industry veterans with international experience at blue-chip firms in Indonesia and overseas Many years of collective oil & gas industry experience Proven track record in successfully leading oil & gas companies and projects Imam P. Agustino President Director Suyitno Patmosukismo Commissioner 22 years of experience in engineering, project management and business development in local and international companies including Trafalgar House UK (Kvaerner) and Energy Services Didit A. Ratam Director Qoyum Tjandranegara Independent Commissioner Over 20 years of finance experience within oil and gas upstream and services companies, including Mobil Oil Corp. and Gas Venture Adviser Amir Balfas Director Strong and broad network across private sector, industry groups and government Previously (1) Director of Exploration and Production at Pertamina (2) Director General Oil & Gas within the Indonesian Department of Mines & Energy, (3) OPEC Board of Governors (1988-1996) Selected experience: (1) President Director of Perum Gas Negara, (2) Expert Advisor in the Ministry of Mines & Energy, (3) Secretary of the Board of Commissioners of Pertamina S. Zuhdi Pane Independent Commissioner 30 years of upstream oil & gas experience with international companies, including Vico Indonesia East Kalimantan Block Has held key leadership positions with Pertamina including Vice President of the Exploration Division, General Manager of the Pertamina – Japex joint venture which operated the Gebang PSC block Comprise some of the most respected, influential and successful individuals in the oil & gas sector in Indonesia Bambang Istadi Chief Business Development Herwin Wahyu Hidayat Chief Investor Relations Former corporate banker with sound capital markets experience, having 10 years experience in the oil and gas industry Previously 6 years with ABN Amro, Citibank Strong, long term relationships with key industry players, industry groups and government Peter Alastair Adam Head of Engineering Ameesh Anand Vice President, Finance 25 years experience In the upstream and downstream oil & gas sector with Huffco, Vico Indonesia, ConocoPhillips 20 years of experience in oil and gas field development, field operations and asset management in international companies including Schlumberger, Elf (now Total) and Santos Over 17 years experience in corporate finance, capital markets, financial restructuring, fund raising and held senior level positions in such companies as Deloitte Touche and Punj Lloyd 15 Appendix A Additional information \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt EMP Reduces Interest Cost by US$26 million in 2014 In December 2013, ENRG secured $203 million syndicated loan facility arranged by Bank of America Merrill Lynch with the current rate of Libor + 6% p.a. The syndicated loan facility is used to refinance the current outstanding loan at lower interest cost. Consequently, EMP is expected to reduce its interest cost by US$26 million in 2014. Source: EMP Press Release (11 December 2013) 17 EMP Corporate Structure 99.99% 26.03% WI PT IMBANG TATA ALAM (Indonesia) 100% 49.99998% 100% (Delaware) 100% ENERGI MEGA PRATAMA INC. KANGEAN ENERGY INDONESIA LTD 60% WI 100% EMP EXPLORATION (KANGEAN) LIMITED 40% WI 99.99% PT EMP SEMBERAH 100% WI SEMBERAH BLOCK TAC 100% WI SUNGAI GELAM BLOCK TAC 50% WI GEBANG BLOCK PSC PT TUNAS HARAPAN PERKASA (Indonesia) 99.99% PT EMP GELAM (Indonesia) 100% EMP ENERGY LTD (Cayman Islands) 100% EMP GEBANG LIMITED (British Virgin Islands) 100% EMP ENERGY OFFSHORE LTD (Cayman Islands) 100% (Netherlands) 100% 100% EMP BENTU LIMITED (British Virgin Islands) 100% WI BENTU BLOCK PSC 100% EMP KORINCI BARU LIMITED 100% WI KORINCI BARU BLOCK PSC MALACCA BRANTAS FINANCE B.V. PT Energi Mega Persada Tbk. (Indonesia) (British Virgin Islands) FREEMONT CAPITAL GROUP LIMITED (British Virgin Islands) 1% PT KENCANA SURYA PERKASA 99% 99% KANGEAN BLOCK PSC (United Kingdom) ENERGY MEGA PERSADA PTE. LTD (Indonesia) 99.99% MALACCA STRAITS PSC (Delaware) 0.00002% (Singapore) 34.46% WI (Panama) RHI CORPORATION (British Virgin Islands) 100% EMP MALACCA STRAIT S.A. 23.75% WI TONGA BLOCK PSC (Indonesia) PT EMP TONGA 71.25% WI (Indonesia) 70% 60% WI PT VISI MULTI ARTHA (Indonesia) 70% 100% WI PT ARTHA WIDYA PERSADA (Indonesia) 51% 100% EMP INTERNATIONAL (BVI) LTD (British Virgin Islands) 99.99% 100% (Indonesia) EMP INTERNATIONAL HOLDINGS PTE. LTD. 100% ALLGOLD (88) LIMITED 36.7205% WI (Labuan, Malaysia) PT EMP ENERGI INDONESIA 100% EMP ONWJ LTD. GMB SANGATTA-2 BLOCK PSC GMB TABULAKO BLOCK PSC ONWJ BLOCK PSC GOLDHILL INVESTMENT LTD (Seychelles) (Seychelles) 100% EMP HOLDINGS SINGAPORE PTE. LTD. 34% (Singapore) 100% 25% ENVIROCO COMPANY LIMITED (Seychelles) BUZI HYDROCARBONS PTE LTD (Singapore) 41% 75% WI BUZI BLOCK EPCC 19 \\DHKGC007PN2.HKG.SWISSBANK.COM\_XUHAA$\Desktop\Juno\20120605-Juno RS presentation_v16.ppt Continue to Develop and Commercialize Large Portfolio of Reserves Strong production growth pipeline from EMP’s developed assets, long term potential from quality gas based assets including Masela 2012 2013 2014 2015 2016 Project Operator Q1 Q2 Q3 Q4 Malacca Straits PSC (1) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Production from existing fields + annual infill drilling programs Production from existing fields Kangean PSC TSB field phase 1 TSB field phase 2 Bentu & Korinci PSC (2) Production from existing fields Seng / Segat field phase 2 Gelam TAC (3) Semberah TAC Gebang JOB Production from existing wells + annual infill drilling programs Production from existing wells + annual infill drilling programs Production from existing fields Anggor field Production from existing fields + annual infill drilling programs Tonga PSC Tonga field ONWJ PSC Development well Start of production Production from existing fields + annual infill drilling program Source: Company information. (1) BOB gas to start delivery in mid-2013. (2) Bentu gas to PLN to increase 30mmscfd Q4-2012. (3) 2nd Phase of PLN gas is targeted for start delivery in Q4-2012. 19
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