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Medco Energi is committed to contribute to the Nation’s economic growth and development.

We have taken concrete actions to revamp our sustainability policies and business practices and take our strengths in the Energy sector for the benefit of the community in Indonesia.

By completing the transaction in the second quarter, we expect our position will further strengthen as an integrated energy and natural resource company.

We will continue to deliver on our plans and commitments for the benefit of all our stakeholders.” Click here to download Roberto Lorato, CEO, said “Our year end results were solid, with higher EBITDA and improved operating margins from continued cost discipline.

The acquisition of this asset marks a monumental milestone for Medco Energi and our stakeholders including the Indonesian government.

We commit to maintain the world-class standards of safety, environmental stewardship and social responsibility, as well as high quality workforce.

With the asset integration into Medco Energi’s portfolio through acquisition, it will enhance the Company’s capabilities and scale as a world class offshore operating Oil and Gas Company.

The construction of Sarulla Geothermal Power Plant has started in 2014, and will produce geothermal power for 3 x 110 MW electricity.

These results include the first month of Ophir operations under Medco Energi control.

Roberto Lorato, CEO said “These are very strong first quarter results driven by the ramp up of production from our Block A, Aceh field and solid performance from our other assets.

The vote of confidence from rating agencies was pleasing, as was almost hitting our Net Debt to EBITDA target despite subdued oil prices of /bbl for the quarter.” JAKARTA, – PT Medco Energi Internasional Tbk (“Medco Energi” or the “Company”) is pleased to announce the successful issuance of a seven year 144A/Reg S US0 million (7NC4) bond with a 7.375% coupon.

The successful completion of the Block A Aceh gas development confirms our strong project capabilities, whilst the recent approval by Ophir shareholders of our acquisition of Ophir Energy is an exciting opportunity to acquire a complementary portfolio of assets, creating enhanced scale, diversification and growth opportunities for the benefit of our stakeholders, employees, partners and host countries.

We will continue to work in order to complete the transaction by the end of the second quarter”.

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Closing the transaction in second quarter will further strengthen our position as a regional integrated energy and natural resources company.” Jakarta, 10 November 2018 – PT Medco Energi Internasional Tbk (“Medco Energi” or the “Company”) announced the Limited Review of its consolidated financial statements for the period ending 30 September 2018 (“9M 2018”).