| October 2001 |
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Company established: EMP is known today as an active producer, developer and explorer in the upstream oil and gas sector. |
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| February 2003 |
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Acquired RHI Corp (RHI), owner of Kondur Petroleum S.A. (Kondur), operator for the Malacca Strait PSC (production sharing contract) and carrying a 34.46% working interest. |
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| February 2004 |
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Acquired PT Imbang Tata Alam (ITA) carrying a 26.03% working interest in the Malacca Strait PSC. Kondur and ITA together hold a 60.49% working interest in the Malacca Strait PSC. |
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| March 2004 |
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Acquired Kalila Energy Ltd. (KEL) and Pan Asia Enterprise Ltd. (PAN) being direct owners of 100% of Lapindo Brantas Inc (Lapindo). Lapindo has a 50% working interest and is operator of the Brantas PSC. |
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| June 2004 |
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Listed on the Jakarta Stock Exchange, code: ENRG. |
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| August 2004 |
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Acquired Energi Mega Pratama Inc. which in turn owned a 100% working interest in the Kangean PSC through EMP Exploration (Kangean) Ltd. and EMP Kangean Ltd. EMP Kangean Ltd is the operator of the PSC. |
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| January 2006 |
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Completed rights issue raising Rp 3.78 trillion to fund the purchase of assets of PT Tunas Harapan Perkasa (THP) including a Rp 832 billion to support working capital requirements. |
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| January 2006 |
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Acquired THP for a total consideration of US$ 308.6 million, owner of five separate PSCs via five wholly-owned subsidiaries. Total 2P oil and gas reserves acquired are 88 mmboe. |
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| May 2007 |
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Closed transaction with Mitsubishi corporation and Japan Petroleum Exploration Co. Ltd. to introduce them as strategic partner via a share subscription into EMP's subsidiaries, Energi Mega Pratama Inc.. The closing of this deal resulted in Mitsubishi & JAPEX assuming in agregate an indirect 50% working interest in Kangean PSC. EMP still retains a 50% indirect interest in Kangean PSC and receive 360 million dollar proceed from the transaction. |
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| June 2007 |
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Established strategic alliance to cooperate a gas exploration asset (Suci Block) with PT Indelberg Indonesia Perkasa and PERTAMINA in East Java. |
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| July 2007 |
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Deconsolidation of Lapindo Brantas Inc, Kalila Energy Limited, and Pan Asia Enterprise from EMP's consolidated financial statements (in line with the Indonesian Accounting Standards). |
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| March 2008 |
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Convert Loan from Minarak Labuan Co. (L) Ltd’s (“MLC”) to Kalila Energy Limited ( “KEL” ) and Pan Asia Enterprise Limited (“PAN”) into shares in KEL and PAN by issuing new shares in KEL and PAN. KEL and PAN are the owners of Lapindo Brantas Inc. Consequently, ENRG’s stakes in KEL and PAN were diluted to 0.01 %. |
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| April 2008 |
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Acquired Tonga PSC for US$ 11,800,000-. Tonga PSC is estimated to have up to 90 million barrels of Oil Equivalent resources. The block which is located in North Sumatera made discovery of 850 barrels of oil per day in Tonga – 1 well. |
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