Overview

Onshore basins in Sumatra and Java remain underdeveloped by international standards and are only moderately mature from an exploration perspective. Bukit is currently a party to seven Production Sharing Contracts (“PSC”s) in Sumatra representing a net 0.62 million acre position. Bukit is actively pursuing additional accretive growth opportunities by way of Joint Study applications, farm-ins and asset acquisitions. Bukit expects to materially add to its tenured land position so that Bukit will hold a geologically and strategically aligned portfolio that affords conventional and tight reservoir drilling with near-term production opportunities of magnitude.