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1H 2009 Results PT Energi Mega Persada
Tbk October 2009
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Notices and Disclaimers

• 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 redistributed in 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. 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 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.

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EMPs Activities in Indonesia
Gebang PSC / JOB Oil Gas Production Gas
Reserves 7 mmboe Gas Prod. 0.31 mboepd
CBM Tabulako
CBM Sangatta-2
Korinci PSC Gas Production Gas Reserves 11
mmboe Gas Prod. 3.7 mboepd
Semberah TAC Oil Gas Production Oil Reserves
11 mmbbl Gas Reserves 8 mmboe Oil Prod. 0.74
mbopd Gas Prod. 2.08 mboepd
Tonga PSC
KALIMANTAN
Bentu PSC Gas Development Gas Reserves 48 mmboe
SUMATRA
Malacca Straits PSC Oil Production Oil Reserves
35 mmbbl Oil Prod. 9.82 mbopd
SULAWESI
Gelam TAC Oil Production Oil Reserves 3
mmbbl Oil Prod. 0.65 mbopd
Jakarta
JAVA
Legend
Kangean PSC Oil Gas Production Oil Reserves 10
mmbbl Gas Reserves 227 mmboe Oil Prod. 2.52
mbopd Gas Prod. 5.4 mboepd
ENRG Operated
Reserves/production indicated above are gross
to PSC
4
Consolidated Corporate Structure
99.99
100
0.00002
75
Energy Mega Persada PTE. LTD (Singapore)
49,99
PT Tunas Harapan Perkasa (Indonesia)
100
PT Mosesa Petroleum
Energi Mega Pratama Inc. (B.V.I)
Tunas
Resources
Resources
Harapan
Perkasa
Holding Inc.
Holding Inc.
(Indonesia)
(Delaware)
(Delaware)
70
70
100
100
100
100
100
99.99
99.99
99.99
99.99
100
EMP Exploration (Kangean) Ltd. (England)
Kangean Energy Ltd. (Delaware)
PT Artha Widya Persada (Indonesia)
PT Imbang Tata Alam (Indonesia)
Costa
Costa
PT Visi Multi Artha (Indonesia)
Kondur
Kondur
PT
Semberani
PT Insani
Kalila
Kalila (
Korinci
PT Semberani
PT Insani
Kalila
Kalila (
Korinci
PT Imbang
International
International
Petroleum
Petroleum
(
Kangean
)
Persada
Mitra
Gelam
(
Bentu
) Ltd
Baru
) Ltd
Persada
Mitra
Gelam
(
Bentu
) Ltd
Baru
) Ltd
Tata Ala
m
Group Ltd.
Group Ltd.
S.A
S.A
(Indonesia)
(Indonesia)
(
B.V.I
.)
(
B.V.I
.)
(Indonesia)
(Indonesia)
(
B.V.I
.)
(
B.V.I
.)
(Indonesia)
(
B.V.I
.)
(
B.V.I
.)
(Panama)
(Panama)
40
60
WI-100
34.46
26.03
WI-71.25
WI-100
WI - 100
WI - 100
WI - 50
WI - 100
WI -100
WI - 60.49
GMB Tabulako
GMB Sangatta-2
Kangean PSC
Tonga PSC
Semberah
Sungai
Gebang
Bentu
Korinci
-
Semberah
Sungai
Gebang
Bentu
PSC
Malacca Strait PSC
Malacca Strait PSC
TAC
Gelam TAC
JOB
PSC
Baru PSC
TAC
Gelam TAC
PSC
Mitsubishi Japex
CNOOC
Pertamina
Pertamina
EMP/ BUMI
EMP/ BUMI
Joint
EMP
EMP
EMP
EMP
EMP
EMP
MJ / EMP Strategic Alliance
5
Production Pricing Profiles
Realized Prices
Daily Gross Production
Oil
MBOPD
US/bbl
16
120
Production
Price
12
90
8
60
13.8
10.9
10.5
4
30
0
0
2007
2008
6M 2009
Gas
BBTUD
US/mmbtu
Kangeans TSB gas to PLN, PKG, PERTAGAS (855
bcf/ 2010-2028) Contract signed in 2007
Korincis gas to RAPP (86 bcf/ 2007-2020)
Contract signed in 2007
Semberahs gas to VICO (3.65 bcf/ 2008-2009)
Contract signed in 2008
Gebangs gas to Energasindo
(28 bcf/ 2008-2015)
HoA agreed in 2008
Korinci/ Bentus Gas to PLN (128.62 bcf)

• Jul-Dec 09
• Gas Price(5xICP)1

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Production Achievement and Forecast

























30
29.1
25.1
24.5
Estimate 20 Production Rate Growth
6M 2008 Average Daily Production Achieved
10.2 mbopd and 86 bbtud. 2008 Average
Daily Production Achieved 10.5 mbopd and 88
bbtud. 6M 2009 Average Daily Production
Achieved 13.8 mbopd and 92 bbtud.
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7
6M 2009 Financial Results
6M 2008
6M 2009
(In IDR billions)
ASSETS
Cash Related
2,192
2,006
Oil Gas Properties went up due to higher
investments in development activities in Q2 Q4
2008. Their associated capex were
capitalized In Sep 08, ENRG obtained US450 Mln
loan which was required to retire the maturing
obligations and to monetize our major reserves.

Oil Gas Properties
5,036
6,500
Other Assets
2,984
3,321
Total
10,212

11,827
LIABILITIES
Long-Term Debt
4,442
6,073
Other Liabilities
2,359
2,420
Total
6,801
8,493
MINORITY INTEREST
37
36
EQUITY
Capital Stock Add paid In Capital Difference due
to equity change in subs Other equities
1,440

1,440

3,355

3,355
1,263
1,263


(2,684)
(2,760)
3,298
3,374
Total
6
8
6M 2009 Financial Results
(in IDR billions)
Change
6M 2008
6M 2009
Sales and EBITDA were reduced due to falling
prices and higher COGS from the non-routine well
work activities in 1Q 2009 The higher deferred
tax in Q1 2009 n due to higher investment
activities in the past and a consequence of
translation from PSC to GAAP accounting
701
890
Net Sales
-21
79
EBITDA
-80
393

(17)
(37)
Current Tax
Deferred Tax
80
(22)
Net Profit (Loss)
(245)
77
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9
Key Corporate Actions that Add Value
ENRG Right Issue (Rp770/share) Rp3.78 Trillion
Dilluted ownership in KEL and PAN (direct owners
of Lapindo Brantas)
Farmed out 50 of Kangean PSC (US3/boe on 2P
Reserves) US360 Million
2 new CBM contracts (Tabulako Sangatta-2)
(estimated resources 1.5 TCF gas) US2.5 Million
(Signature bonuses)
ENRG IPO (Rp160/share) Rp455.59 Billion
Acquired Kangean PSC (66 of 2P) (US0.8/boe
on 2P Reserves) US165 Million
Formed strategic alliance with PT IIP and
Pertamina to cooperate a gas asset (East Java)
Acquired 54 stake in Tonga PSC (estimated
resources 90 mmboe) US11.8 Million
Acquired THPs 5 Block (24 of 2P)
(US1.6/boe on 2P Contingent
Resources) US283 Million
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Gross 2P Reserves Breakdown (as per 30/06/2009)
360 MMBOE
Proved Oil
10
Probable Oil
7
Proved Gas
42
41
Probable Gas
9
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Gross Reserves Resources (as per 30/06/2009)
Notes
(1) Gross reserves have been certified by
independent certification agencies such as
Gaffney, Cline and Associates, Sproule
International and MHA Petroleum Consultants.
(2) The gross reserves stated in the above table
reflect EMP's latest independent reserve
appraisal. EMP has taken a conservative approach
to reserves in setting depreciation,
depletion and amortization (DDA) policy as
explained in the Audited Financial Statements.
When an approved plan of development (POD)
contains reserve estimates
lower than the independent certification, the POD
estimate is used for DDA purposes.
(3) Reserves and Contingent Resources totals
subject to rounding.
(4) Contingent Resources are 2C.
10
10
10
12
CSR and SHE Achievements in 2008 - 2009
EMP received awards from Government for CSR and
SHE achievements
OHSAS 18001 standard Indonesia Environmental
Compliance Rating for Industry, also optional
OHSAS 18001 certificate received
11
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Plan to Improve Operational Performance

• Focus on achieving the 15 20 growth in the
  2009 Production Rate
• Continue the successful efforts to increase the
  existing Gas Prices
• Focus on high success rate acceptable cost
  projects (development drillings, work over
  activities etc.)
• Work to bring the newly acquired assets (Tonga
  PSC, GMB Tabulako, GMB Sangatta-2) into
  commercial production
• Geological and Engineering studies in GMB
  Tabulako and GMB Sangatta-2 are currently in
  progress
• Ongoing tender process for 3-D Seismic works in
  Tonga PSC asset. The seismic work is to be
  applied by end of 2009

14
Malacca Straits PSC Production Facilities
EMP Malacca Lalang Production Platform
Ladinda Oil Storage Tanker
Processing Plant
EMP Malacca Strait Platform
15
Kangean PSC Production Facilities
Storage Tanks for Condensate
Pagerungans Gas Processing Facilities
Jack up Rig Drilling Facility
LPG Mini Plant - 4
16
THP Assets Production Facilities
Gebang PSC/JOB (Gas processing facilities)
Korinci Baru/Bentu PSC (Production facilities)
Gelam TAC (On Shore Rig)
Semberah TAC (Binangat production facilities)
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• Thank You