ENRG ONE

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1H 2011 Productions & Financial Results

8 August 2011

PT Energi Mega Persada Tbk.

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Energi Mega Persada

This presentation has been prepared by PT Energi Mega Persada Tbk (the Company) and is only for the information of its investors.

None of the information appearing in this presentation may be distributed to the press or other media or reproduced or redistributedin the whole or in part in any form at any time. This presentation is not intended as or forms part of any offer to sell or subscription of

or solicitation or invitation of any offer to buy or subscribe for any securities, and neither this presentation nor anything contained

herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever.

This presentation may contain forward-looking statements and estimates with respect to the future operations and performance of

the Company and its affiliates. 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.

Such assumptions, risks and uncertainties could cause actual results and developments to differ materially from those expressed in or

implied by the forward-looking statements.

Accordingly, no representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or

reliability 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 a substitute for the

exercise of their own judgment.

Neither the Company 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 are made only as of the date of this presentation. TheCompany 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 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.

Forward Looking Statements

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Energi Mega Persada3

Company Overview

531 millions boe of net proved and

probable reserves.

97 millions boe of net contingent

resources (2C) and 152 millions boe net

best estimate prospective resources.

1H 2011 production of 7,059 barrel/day of

oil and 47.9 millions cubic ft/day of

natural gas on a working interest basis.

1H 2011 revenues of Rp 865 bio ($ 99 mio)

(1)and EBITDA of Rp 380 bio ($ 44 mio).(1)

Net 2P Reserves Breakdown

Source: Company presentation .

Note: As of 31 December 2010.

Total Net 2P Reserves: 531 millions boe

(41 millions bbl Oil; 2,943 billion cubic ft Gas)

Note:

(1) Based on Bank Indonesia exchange rates of IDR 8,747

(2) boe = barrel of oil equivalent

Proved Gas

1,507 billion cubic feet(47%)

Probable Gas

1,436 billion cubic feet(45%)

Probable Oil

19 millions boe (4%)

Proved Oil

22 millions boe (4%)

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Energi Mega Persada

Stake : 10%

2P Reserves: 33 mmbbl(2), 1,846.8 bcf

LNG and Condensate production expected

to start in 2018

Operator: Inpex

Partner: Inpex (60%), Shell (30%)(3)

INDONESIA

Medan

KALIMANTAN

JAKARTA

Banda Aceh

Java

Sea

Molucca Sea

South China Sea

Celebes Sea

Gresik

Duri

Semberah TAC

Korinci Baru PSC

Sungai Gelam TACGebang JOB PSC Malacca Straits PSC

Banda SeaBanda Sea

Tabulako CBM

PSC

Bentu PSC

Singapore

Kangean PSC Masela PSC

Net 1P Reserves 273 mmboe

Net 2P Reserves 531 mmboe

Tonga PSC Sangatta-2 CBM PSC

Assets Overview

4

Energi Mega Persada

Stake: 50%

2P Reserves: 19.2 bcf

1H 11 Prod: 20 bbl/day; 0.7 mmcf/day

Operator: JOB Pertamina Costa

Partner: Pertamina (50%)

Stake : 60.5%

2P Reserves: 22.7 mmbbl, 13.2 bcf

1H 11 Prod: 4,284 bbl/day; 5.7 mmcf/day

Operator: EMP

Partner: CNOOC (39.5%)

Stake : 100%

2P Reserves: 3.0 mmbbl

1H 11 Prod: 476 bbl/day, 0.8 mmcf/day

Operator: EMP

Stake : 100%



Operator: EMP

Stake : 100%


1H 11 Prod: 4.8 mmcf/day

Operator: EMP

Stake : 50%


1H 11 Prod : 1,431 bbl/day, 15.4 mmcf/day

Operator: KEI

Partners: Mitsubishi (25%)(1), Japex (25%)(1)

Stake : 100%



Operator: EMP

4

Note:

bcf = billion cubic feet

mmbbl = million barrels

bbl/day = barrel oil/day

mmcf/day = million cubic feet/day

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Board of Directors

Imam P. Agustino, President Director - CEO

23 years of experience in upstream and downstream oil and gas industry. He spent his career from explorationto production, with special expertise in Project Management and Business Development.

In the last 10 years as top executive positions in local and international oil and gas companies, including few

years with Trafalgar House UK ( Kvaerner ), and other oil and gas companies.

Amir Balfas, Director - COO

A geologist by background and brings more than 28 years of upstream oil and gas experience to the Company.

Spent over 20 years at VICO Indonesia East Kalimantan Block, and joined EMP Malacca Straits in 2001.

Didit A. Ratam, Director - CFO

Has held finance positions within oil and gas upstream and services companies throughout his career.

Previous professional experience in such companies as Mobil Oil (Fairfax, VA), Gas Venture Advisers (Boston,

MA) and Federal JWR Pte.Ltd.

Over 10 years experience in the financial relateds sector, which includes merger & acquisition,

financial restructuring, and other capital market transactions.

Management positions with Capital Managers Asia and Bakrie Kalila Investments in the past 8 years.

Syailendra Surmansyah Bakrie, Director

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Energi Mega Persada

Management Team Improving the Production & Financial Results

Balance sheet De-Leveraging (Improved Debt to Equity Ratio)

Financial Results Turn Around (EBITDA Growth)

Projects Commisioning (Production Rate Increase)

Competitive Gas Price

Positive Reserve Replacement Ratio

Reserve Growth

Competitive EV/Reserve Value

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The right issue proceed is used for balance sheet de-leveraging and capitalexpenditures and working capital purpose in developing Companys

oil and gas operations.

*US$ exchange rate for Rights Issue proceeds = Rp 9,337 US$

** Inclusive of additional paid in capital, deficit, and other adjustments

(US$ mio) 2009 Adjustments 2010

Debt (credit suisse) 450 (250) 200Debt (others) 156 51 207

Total Equity 185 509* 623**

Debt to Equity 3.27x 0.6x

Balance Sheet De-leveraging

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Improved 1H 2011 Production & Financial Results

1H 2010* 1H 2011**Net Sales (000) US$ 59,112 Rp 543,415,355 US$ 98,955 Rp 865,557,760

EBITDA (000) US$ 14,641 Rp 134,597,303 US$ 43,520 Rp 380,668,625Net Profit (Loss) (000) (US$ 8,201) (Rp 75,389,017) US$ 3,967 Rp 34,701,813Oil Price US$ 79.4/bbl US$ 112.2/bblGas Price US$ 2.5/mcf US$ 3.6/mcfOil Production 6,500 barrel/day 7,059 barrel/dayGas Production 41 mmcf/day 47.9 mmcf/day

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* Based on USD-IDR exchange rate of 9,193

** Based on USD-IDR exchange rate of 8,747

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Source: Offering circular.

Note: Gas production is converted at 1,030 btu = 1 cf, 6 bcf = 1mmboe.

Visible plan to efficiently monetize existing reserves via established infrastructure and proximity to key oil /

gas markets

Net Oil / Gas Production Ramp Up

Bentu

Seng,

Segat -

RAAP

Q1 2011

Kangean

Terang

Q1 2012

Malacca

DC Gas

2012

9

Near term ramp up to be dominated by gas production

50.2

13.1

Bentu

Seng,

Segat

PLN

2012

Kangean

PUO

Q1 2011

Production Growth Outlook

000 boe/day

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2011 Gas from Bentu PSCs Seng + Segat Fields @ $4.08/mcf

2012 Gas from Kangean PSCs TSB fields @ $5.15/mcf (+ additional $0.84/mcf toll fee)

Gas from Malacca Strait PSC @ $4.94/mcf

Source: EMP

EMPs Gas Sales Agreements Under Negotiation and Pending Commencement

($/mcf)

Increasing Trend in Realized Gas Price

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Stable O&G Reserves Replacement(1)

Competitive Reserve Replacement Costs(2)

Asiapac Average: US$13.1

Source: Herold (Global Upstream Performance Review 2010), Moodys Investors Service.

(1) Addition has been calculated as the difference between production and the change in the reserve balance.

(2) 2007 to 2009 3-year average reserve replacement costs.

(3)Talismans Asian operations.

We continue assessing exploration acreages with a view to increase reserves

(3)

Strong Organic Reserve Replacement

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Energi Mega Persada

Source : EMP.Note : WI = Working Interest. Reserves numbers as of 31 December 2010.

Acquisition of a 10% ownership interest in Masela block PSC has increased

EMPs 2P reserves to 531 million barrels.

2P Reserves (Net WI)

Acquisition of Masela PSC: Securing Long Term Growth

223

531

EMP EMP + M

millions boe

2.38x

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Energi Mega Persada

Benchmarking EMP with Independent Indonesian-focused O&G Companies(1) (2P millions boe)

(in millions boe)

223 millions boe of net proved and probable reserves(2) (2P), 531 millions boe including Masela PSC (2)

97 millions boe of net contingent resources(2) (2C) and 152 millions boe net best estimate prospective resources(2)

EMP has a diversified portfolio of fields with multiple oil and gas production horizons

105 reservoirs and 36 fields

Most producing assets are on-shore

Source: Company websites and data from Wood Mackenzie. Gas converted at 6 billion cubic feet = 1 million boe.

(1) O&G interests in Indonesia only, net of working interest.

(2) As of 31 December 2010.

(3) Excludes EMP estimate of 33 mmstb of condensate associated with the gas

(4) As of 31 December 2009 after adjusting for downward restatement of 7.5 millions boe 2P reserves for Kambuna field.

261

531 (3)

Large Reserves to be Monetized

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Energi Mega Persada

Assets 1P 2P 3P 2C

Malacca Straits PSC

Oil 16 23 30 1

Gas 2 2 2 12

Kangean PSC

Oil 0.4 5 10 -

Gas 59 112 156 6

Bentu PSC

Oil - - - -

Gas 24 48 76 -

Korinci Baru PSC

Oil - - - -

Gas 1 10 15 -

Gelam TAC

Oil 1 3 42 -

Gas - - - 69

Semberah TAC

Oil 4 11 23 1

Gas 2 7 27 -

Gebang JOB PSC

Oil - - - -

Gas 2 3 13 7

Tonga PSC

Oil - - - 2

Gas - - - -

Masela PSC

Oil - - - -

Gas 163 308 549 -

Total

Oil 22 41 105 4

Gas 251 490 838 93

Grand Total 273 531 943 97

Reserves Table (in million barrels of oil equivalent)

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Energi Mega Persada

Exploration history:

1999: 2D seismicsurvey

2000: Abadi-1

Exploratory well,

tested at 25 millions

cubic feet/day

2001: 3D seismic

survey

2002: Abadi-2 andAbadi 3 Appraisal

wells, tested around

15 millions cubic

feed/day/ well

2007: Abadi-

4/5/6/7 Appraisal

wells. All were

tested and

confirmed existence

of gas

Masela PSC Overview

Approved Development Concept

Subsea production system + Floating LNG

18 production wells (directional wells from 5

drilling center)

Floating LNG consists of loading LNG plant,

LNG storage tank and loading facility on

conventional FPSO

Masela PSC was granted on Nov 16, 1998 on

frontier fiscal terms

INPEX Masela Ltd. is the operator

PSC location in Arafura Sea, deep water in

Indonesian territorial waters

Plan of Development was approved in Dec

2010 for the Abadi Gas Field

Reserves:

Abadi Gas Reserves were certified by DeGolyer & MacNaughton (D&M) in Dec 2008: P1 - 9.76 trillion cubic feet, P2 - 8.7 trillion cubic feet

The Company anticipates that gross condensate recovery associated with 1P reserves will be 176 million bbls, and associated with 2P

reserves will be 333 millions bbls

Sunrise = 9 TCF

(potential FLNG)

Masela/ Abadi = 9 TCF(1P, pre-FEED)

Evans Shoal = 6 TCF

(under appraisal)

Bayu Undan = 3 TCF

(in production to LNG)

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Competitive EV/ Reserves Value

USD/ Barrel

Source: Bloomberg, Annual Reports, Companys Presentations as of Dec, 2010

3.2

8.8

16.4

18.419.3

29.5

1.7

7.0 7.3

9.7

23.0

13.412.5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

ENRG MEDC SANTOS PTTEP INPEX WOODSIDE SOCO INT SALAMANDER

EV/1P Reserves

EV/2P Reserves

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Indonesia in the World of CBM

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Indonesias CBM Potential (450 Trillion Cubic Feet) is World Class

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Energi Mega Persada

Key Indonesian CBM Basins

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The key basins are in Sumatra (235 trillion cubic feet) and Kalimantan (180 trillion cubic feet)

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Energi Mega Persada

Resource and market is key

Bontangs expected gas shortfall is 1.7 billion cubic feet/day or US$8.4bn per year at LNG prices

East Kalimantan is a top 3 global CBM province andBontang means there is no market constraint

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Energi Mega Persada

Located just

north of Bontang

GIP potential

15 trillion cubic

feet, potential

recovery rates

30%

LNG prices for

gas now

US$14/mmbtu

vs EMP average

US$2.5/mmbtu

EMP/Bumi 60%

Pertamina 40%

Coal Bed Methane Prospects: (Sangatta-2 PSC CBM)

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Energi Mega Persada

Located on top of

Arutmin acreage

EMP 70%

Bumi 30%

Coal Bed Methane Prospects: (Tabulako PSC CBM)

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EMP Semberah

Green

EMP Malacca Strait

Blue

EMP Bentu & Korinci Baru

Blue

Corporate Performance Rating Program

in Environmental Management(Program Peringkat Kinerja Perusahaan dalam Pengelolaan Lingkungan)

Safety, Health, and Environment Awards in 2010

Achievements in SHE, CSR, GCG

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Energi Mega Persada

Corporate Social Responsibility

Award in 2008

(Ministry of Social Welfare)

Malacca Strait PSC

Community Development Awards in 2009

(Ministry of People Welfare Coordinator)

Malacca Strait PSC

Achievements in SHE, CSR, GCG

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Attachments

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Gelam TAC Location Map

Energi Mega Persada

Stake : 100%

2P Reserves: 3.0 mmbbl


Operator: EMP


bbl/day = barrel oil/ day

mmcf/day = million cubic feet/ day

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Malacca Strait PSC Location Map

Energi Mega Persada

Stake : 60.5%


1H 11 Prod: 4,284 bbl/day; 5.7 mmcf/day

Operator: EMP

Partner: CNOOC (39.5%)





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Semberah TAC Location Map

Energi Mega Persada

Stake : 100%



Operator: EMP





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Kangean PSC Location Map

Energi Mega Persada

(1) Effective interest.

Stake : 50%


1H 11 Prod : 1,431 bbl/day, 15.4 mmcf/day

Operator: KEI

Partners: Mitsubishi (25%)(1), Japex (25%)(1)





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Gebang JOB PSC Location Map

Energi Mega Persada

Stake: 50%


1H 11 Prod: 20 bbl/day; 0.7 mmcf/day

Operator: JOB Pertamina Costa

Partner: Pertamina (50%)


bbl/day = barrel oil/ day


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E i M P d30

Bentu & Korinci PSC Location Map

E i M P d

Stake : 100%



Operator: EMP

Stake : 100%



Operator: EMP



Documents

ENRG ONE