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• A total of 23 wells; o 18 off platform wells o 5 off Subsea tie-back wells • 6 normally unmanned Well Head Platforms; • Infield flowlines and umbilicals; • Central Processing FPU (owned and operated by others); and • Tie-in to main Export Trunkline to WNTS (owned and operated by others) An alternative development concept exists which involves replacing the FPU and pipeline with a FLNG facility (owned and operated by others).The Company has a number of key strength’s and competitive advantages which benefits all Stakeholders:

Asset Portfolio

  • Two PSCs, North Sokang and Sokang PSCs, which cover 678,000 gross acres in the highly prospective and proven  East Natuna  gas basin:
  • A discovered gas field (Dara East) in the North Sokang PSC with 911 Bscf (P50) of recoverable sales gas based on a Competent Persons Report (CPR) prepared by a 3rd Party supported by a Preliminary Plan of  Development prepared by a 3rd Party confirming robust economics utilizing:

• A total of 23 wells;

o 18 off platform wells

o 5 off Subsea tie-back wells

• 6 normally unmanned Well Head Platforms;

• Infield flowlines and umbilicals;

• Central Processing FPU (owned and operated by others); and

• Tie-in to main Export Trunkline to WNTS (owned and operated by others)

An alternative development concept exists which involves replacing the FPU and pipeline with a FLNG facility (owned and operated by others).

  • A CPR completed by a 3rd party which certifies unrisked Dara East Near Field P50 gas resource of 1,171 Bscf and Outside Dara East Structure of P50 gas resource of 9,946 Bscf;
  • In the Sokang PSC, a ready to drill exploration prospect, Paus Hitam-1 with 878 Bcf (P50) gas resource with a 40% POS and additional prospects with  total gas resources of 736 Bcf (P50) based on a 3rd Party CPR.
  • One PSC, North Ganal PSC, which covers 120,000 gross acres in the highly prospective and proven East Kalimantan/Kutei gas basin:
    • A discovered gas resource (Lebah-1) which could be tied into the Jangkrik gas field development at a later date;
    • A largely carried well (US$13 mm carry) on a future exploration well which will likely be targeting updip potential in Lebah or Middle Miocene sands
    • A reputable and proven Operator, Eni who manages the North Ganal PSC along with JV partners, Engie, Ophir, and Statoil.

Shareholders, Investors and Management

  • Founding Shareholders and an Investor group with the pre-requisite experience, track record and  leadership to successfully execute the Company’s business plan;
  • Senior personnel, advisors and consultants with proven exploration success in deepwater and shallow water exploration portfolios;
  • Directors with wide ranging expertise and a proven Indonesian track record in business development, exploration, gas marketing, Government relations, financing, accounting, tax, M&A and internal controls;
  • An extensive network of Indonesian Government and industry contacts to be utilized in developing the Company;
  • Existing reputable Joint Venture partners to assist in funding and evaluating existing and new exploration opportunities e.g. Eni, Ophir, Engie and Statoil

Financial Capabilities

  • Investors who are globally recognized and financially capable of supporting future operations and activities; 
  • A proven financial track record with over 8 years of operations having directly or participated via a Joint Venture in the drilling of five offshore exploration wells.