Ann: Annual Report to shareholders, page-7

The answer to your question is: yes.

Remember that this ‘yes’ refers to 0.5mtpa lng for 6 years (available and accessible now) and possibly up to 2mtpa for 20years based on GCA August 2014 draft report (see page 28 of EWC AR). Further drilling in the future may enable the production to be increased to 5mpta for 20 years (see page 31).

The selected paragraphs below are copied from EWC 2014 AR:

Approximately 141.0 BCF of reserves in our Kampung Baru Gas Field will be required to meet the demand from PLN and SKKMigas under the Gas Supply Agreement and the Gas Sale and Purchase Agreement to the end of September 2022. The balance of the recoverable gas volumes at Kampung Baru are therefore classified as contingent resources. Subject to contract the proved and probable contingent reserves of 122.50 BCF could be utilised for LNG production or additional gas to the Power Plant. (page 30).

In a draft report GCA has estimated that as at 31 March 2014, proved, probable and possible reserves in our Wasambo Field are 155.8BCF, which is sufficient to supply the first modular LNG production unit capable of producing 0.5 MTPA for six years. By utilising existing reserves, we plan to use internally generated cash flow from gas and LNG sales to finance further gas field development at Sengkang beyond the scope of works approved by SKKMigas’ predecessor, BPMigas, under the agreed Plan of Development for Wasambo. Given the proven reserves in Wasambo, we do not depend on proving additional reserves or resources in order to have sufficient feed gas for the level of sales required to generate sufficient cashflows, based on our current LNG price estimations and assumptions on operating and financing costs, to fully recover our expected capital expenditure of US$352 million for the Sengkang LNG Project (excluding the investment for related gas supply infrastructure and financing costs and self costs. (page 32).

In addition to the Wasambo Drilling Program, the Company has evaluated the results of a seismic program completed earlier this year in other locations within the Sengkang PSC to identify the next drilling prospects and to further define additional gas reserves.(page 26) (The August 2014 draft GCA report identified between 637 (low case) to up to 2107 BCF (high case) to be located in this area (see page 28).

If the development of gas resources justifies (which is not known at the present time), we envisage expanding the capacity of the Sengkang LNG Project up to 5 MTPA through a phased development of additional 0.5 MTPA modular LNG trains in the long term. (page 31).