The LEMIGAS Certificate

PT MGA Utama Energi has received a Certificate of oil reserves testing results from the Oil and Petroleum Testing Center "LEMIGAS" called the LEMIGAS Certificate" in November 2023. The testing carried out by LEMIGAS used the Petroleum Resources Management System (PRMS) 2018, version 1.01.

The following is a summary of the uncertainty and commerciality aspect

In accordance with the PRMS 2018 guidelines, the classification of the reserves as proven, probable, and possible deliverable gas reserves, as of November 10th, 2023 is presented in the form of P1 (proven), P2 (probable), and P3 (possible) reserves: