mruszczy: NEED LOGOS!!

1. mruszczy: NEED LOGOS!! mruszczy: NEED LOGOS!! 1H 2009 Results PT Energi Mega Persada Tbk October 2009

2. 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-lookingstatements contained in this presentation. The forward-looking statements are made only as of the date of thispresentation. The Company is under no duty to update any of the forward-looking statements after this date to conform suchstatements 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 opinionsexpressed by other business areas or groups of the Company as a result of using different assumptions and criterion. Notices and Disclaimers

3. : Mitsubishi/Japex Strategic Alliance : Joint Operated with Pertamina EMP’s 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. WI-60% 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% 100% 99.99% PT Artha Widya Persada (Indonesia) EMP Exploration (Kangean) Ltd. (England) Kangean Energy Ltd. (Delaware) PT Imbang Tata Alam(Indonesia) Costa Costa PT Visi Multi Artha (Indonesia) Kondur Kondur PT Semberani PT Semberani PT Insani PT Insani Kalila Kalila Kalila ( Kalila ( Korinci Korinci PT Imbang International International Petroleum Petroleum ( Kangean ) Persada Persada Mitra Mitra Gelam Gelam ( ( Bentu Bentu ) Ltd ) Ltd Baru Baru ) Ltd ) Ltd Tata Ala m Group Ltd. Group Ltd. S.A S.A (Indonesia) (Indonesia) (Indonesia) (Indonesia) ( ( B.V.I B.V.I .) .) ( ( B.V.I B.V.I .) .) (Indonesia) ( ( B.V.I B.V.I .) .) (Panama) (Panama) 40% 60% WI-100% 26.03% 34.46% WI-71.25% WI-100% WI - 100% WI - 100% WI - 100% WI -100% WI - 50% WI - 60.49% GMB Sangatta-2 GMB Tabulako Kangean PSC Tonga PSC Semberah Semberah Sungai Sungai Gebang Gebang Bentu Korinci - Bentu PSC Malacca Strait PSC Malacca Strait PSC TAC TAC Gelam TAC JOB PSC Baru PSC Gelam TAC PSC Mitsubishi Japex Pertamina CNOOC Pertamina EMP/ BUMI EMP/ BUMI EMP EMP Joint EMP EMP EMP EMP MJ / EMP Strategic Alliance

5. 100 4 Production Price 75 3 50 2 92 88 80 25 1 0 0 2007 2008 6M 2009 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 Kangean’s TSB gas to PLN, PKG, PERTAGAS (855 bcf/ 2010-2028) Contract signed in 2007 Korinci’s gas to RAPP (86 bcf/ 2007-2020) Contract signed in 2007 *Semberah’s gas to VICO (3.65 bcf/ 2008-2009) Contract signed in 2008 Gebang’s gas to Energasindo (28 bcf/ 2008-2015) HoA agreed in 2008 Korinci/ Bentu’s Gas to PLN (128.62 bcf) • Jul-Dec 09 • Gas Price=(5%xICP)+1 4

6. \\csng14p20101\CovSEA$\IBDUSER\INDONESIA\Energi Mega Persada\02 Project Millennium\Presentations\04 Ratings Presentation\EMP Presentation to Moody's (06 July 2005)v19.ppt - Jul 05 2005 - 22:21 /5 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. 5

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 US$450 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 37 36 MINORITY INTEREST 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 Net Sales 890 701 -21% EBITDA 79 -80% 393 Current Tax (37) (17) Deferred Tax (22) 80 Net Profit (Loss) 77 (245) 7

9. Jun-04 Aug-04 Dec-05 Jan-06 May-07 Jun-07 Mar-08 Apr-08 May-09Jun-04 Aug-04 Dec-05 Jan-06 May-07 Jun-07 Mar-08 Apr-08 May-09 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 (US$3/boe – on 2P Reserves) US$360 Million 2 new CBM contracts (Tabulako & Sangatta-2) (estimated resources: 1.5 TCF gas) US$2.5 Million (Signature bonuses) ENRG IPO (Rp160/share) Rp455.59 Billion Acquired Kangean PSC (66% of 2P) (US$0.8/boe – on 2P Reserves) US$165 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) US$11.8 Million Acquired THP’s 5 Block (24% of 2P) (US$1.6/boe – on 2P + Contingent Resources) US$283 Million

10. \\csng14p20101\CovSEA$\IBDUSER\INDONESIA\Energi Mega Persada\02 Project Millennium\Presentations\04 Ratings Presentation\EMP Presentation to Moody's (06 July 2005)v19.ppt - Jul 05 2005 - 22:21 /9 Gross 2P Reserves Breakdown (as per 30/06/2009) • 360 MMBOE Proved Oil • 10 % Probable Oil • 7% Proved Gas • 42 % • 41% Probable Gas 9

11. \\csng14p20101\CovSEA$\IBDUSER\INDONESIA\Energi Mega Persada\02 Project Millennium\Presentations\04 Ratings Presentation\EMP Presentation to Moody's (06 July 2005)v19.ppt - Jul 05 2005 - 22:21 /10 \\csng14p20101\CovSEA$\IBDUSER\INDONESIA\Energi Mega Persada\02 Project Millennium\Presentations\04 Ratings Presentation\EMP Presentation to Moody's (06 July 2005)v19.ppt - Jul 05 2005 - 22:21 /10 \\csng14p20101\CovSEA$\IBDUSER\INDONESIA\Energi Mega Persada\02 Project Millennium\Presentations\04 Ratings Presentation\EMP Presentation to Moody's (06 July 2005)v19.ppt - Jul 05 2005 - 22:21 /10 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

13. 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 Plan to Improve Operational Performance

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 Pagerungan’s Gas Processing Facilities Storage Tanks for Condensate 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)

17. Thank You