Ramba

Ramba: With regards to Lemang's "Akatara-1" well, Group announced that following the subsurface conditions encountered for the testing and analysis of the well, the Group will take up to a further 30 days for the results. From our previous post, Timeline from the previous Selong-1 well (1st well drilled at Lemang Block), 29 Oct 2012: Spud-in for Selong-1 well 19 Nov 2012: Logging and analysis of Selong-1 well 30 Nov 2012: Completed cementing of Selong-1 well 26 Dec 2012: Trading halt 28 Dec 2012: Announcement of discovery of gross pay 31 Dec 2012: Counter spiked 57% Timeline for the Akatara-1 well (2nd well at Lemang Block), 3 Feb 2013: Spud-in for Akatara-1 well 1 Mar 2013: Logging and analysis of Selong-1 well .... Following its workflow, we would look toward the announcement of the "Completion of cementing" for the Akatara-1 well, before an "Announcement on the gross pay" of the Akatara-1 well. Ramba, through its local subsidiary, PT Hexindo Gemilang Jaya – holds a 51 percent working interest in the Lemang Block. Other 49% is owned by PT Sugih Energy.