On 5 September 2012, The Energy and Mineral Resources Ministry awarded Consortium of Star Energy CBM (Sekayu) Ltd and Ephindo Sekayu 2 Inc. the exploration right to develop GMB Sekayu II coal bed methane (CBM) field in South Sumatra with coverage area of 451km2.

Star Energy’s 26% interest in this new GMB (Gas Metan Batubara) Sekayu II - CBM field would give us an interesting mix of business involvement in energy as part of our Non-Organic Growth initiative.

Upon signing of the Sekayu II CBM PSC during GASEX 2012 event in Nusa Dua on 9 October 2012, Star Energy has taking the next step to provide diversification to our Portfolio.

The project is scheduled to start its campaign in 2013 with exploratory-coring well, dewatering and production test to meet the first three years commitment.

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