SlideShare a Scribd company logo
1 of 3
Download to read offline
 
     25/05/2010                                                      
      
     The Manager 
     Companies Announcements Office 
     Australian Stock Exchange Limited 
     Exchange House 
     Level 4, 20 Bridge Street 
     Sydney, NSW 2000 

APAC Coal Ltd (ASX Code: AAL) refers to our announcement on the 08 March 2010
concerning the status of the appeal in the Supreme Court in Indonesia.

APAC Coal has now been advised by our Indonesian litigation lawyer that the Judicial
Review has been filed with The Indonesian Supreme Court.

The Board and the legal advisors wish to reiterate that the previous judgements
(adjudicated by the Administrative Court) are not the ones determining the “title of
ownership of the shares” because a dispute on title of shares ownership is under the
competence of the District Court and not the Administrative Court.

The Board wish to also inform that the following advertisement was made in the Jakarta
Post, a national English daily newspaper, on Thursday 20 May 2010 in Indonesia.

                                  NOTIFICATION
On behalf of our client, PT Batubara Selaras Sapta, represented by its President Director,
Mr. Rudy Santoso, a company having its address at Jakarta Stock Exchange Building,
Tower 2, Suite 2305, Jl. Jend. Sudirman, Kav 52 – 53 , Jakarta 12190, based on Power of
Attorney dated 3 May 2010, we hereby notify the public of the following :

1.        Our client, PT Batubara Selaras Sapta represented by its President Director, Mr.
          Rudy Santoso, is a party to a court case adjudicated by The Administrative Court
          of Jakarta on 28 January 2009 under the court judgment No. 141/G/2008/PTUN-Jkt.
          ;
2.        The said court case was referred to The Administrative High Court of Jakarta and
          The Administrative High Court of Jakarta adjudicated on this court case on 26 May
          2009 under the court judgment No. 85/B/2009/PT.TUN.Jkt. ;

3.        The Indonesian Supreme Court has also adjudicated on this court case and the
          adjudication was made on 13 November 2009 under the Supreme Court judgment
          No. 321 K/TUN/2009 ;

4.        Our client, PT Batubara Selaras Sapta, represented by its President Director, Mr.
          Rudy Santoso, has already filed “Judicial Review” (Peninjauan Kembali = PK) with
          The Indonesian Supreme Court, through The Administrative Court of Jakarta,
against the said Supreme Court judgment No. 321 K/TUN/2009. Our client filed the
         said “Judicial Review” on 20 April 2010 under the registered number
         141/G/2008/PTUN-JKT

5.       It shoud be noted that all the aforementioned court judgments are not the ones
         determining the “title of ownership of the shares” because a dispute on title of
         shares ownership is under the competence of District Court and not the
         Administrative Court.

Based on the above mentioned judicial facts, on behalf of our client, PT Batubara Selaras
Sapta represented by its President Director, Mr. Rudy Santoso, we hereby notify and
remind the public not to make any transaction on title of ownership of the said shares,
including sales and purchase of the shares of PT Batubara Selaras Sapta represented by
its President Director, Mr. Rudy Santoso, in order to prevent or refrain our client from
taking any legal actions in relation to such transaction.

                     Law Office “AMIR SYAMSUDDIN & PARTNERS”

                              Dr. Amir Syamsuddin, SH, MH

Nurhasyim Ilyas, SH, MH                    S u b a n i, SH, MH
________________________________________________________________________

     CONTACT DETAILS:       COMPANY
                            Sam Di Giacomo
                            Interim Chairman
                            APAC Coal Ltd
                            T: 61 8 9451 8800

ABOUT APAC COAL LIMITED (AAL)
APAC Coal has a 30 Year Concession to explore for coal over a 23,124 ha parcel of land in
East Kalimantan, Indonesia. A JORC compliant inferred resource of 18.2 million tonnes
defined as geological conceptual estimates at the tenement has been identified which is
expected to form the basis of an initial mining operation. This resource occurs within a very
small area of the Concession (3.8%) with over 90% of the Concession yet to be explored to
any significant degree. Kalimantan is the principal coal producing region of Indonesia, the
world’s 7th largest coal producer.

APAC Coal is a subsidiary of Singapore listed Magnus Energy Group, which operates in the
upstream petroleum and coal business. Its core focus is petroleum, coal production, low-
risk exploration and field development. Magnus has committed to providing a low cost
Management and Finance Team in the initial phase of the development of APAC Coal
Limited.

                   For more information, please visit www.apaccoal.com
COMPETENT PERSON’S STATEMENT
The information in this report relates to mineral resources based on information evaluated by Mr Edward
Radley who is a of the Australasian Institute of the Mining and Metallurgy (AusIMM). Mr Radley is a full
time employee of Ravensgate. Mr Radley has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify
as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Report of Exploration
Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Radley consents to inclusion in the report
of the matters based on his information in the form and context in which it appears.

More Related Content

Viewers also liked

Catalogue du an Gold Hill
Catalogue du an Gold HillCatalogue du an Gold Hill
Catalogue du an Gold HillTu Ri
 
Demand-Driven Acquisitions: New Tools and Strategies for Long-Term Management
Demand-Driven Acquisitions: New Tools and Strategies for Long-Term ManagementDemand-Driven Acquisitions: New Tools and Strategies for Long-Term Management
Demand-Driven Acquisitions: New Tools and Strategies for Long-Term ManagementMichael Levine-Clark
 
Rethinking Monographic Acquisition: Developing a Demand-Driven Purchase Model...
Rethinking Monographic Acquisition: Developing a Demand-Driven Purchase Model...Rethinking Monographic Acquisition: Developing a Demand-Driven Purchase Model...
Rethinking Monographic Acquisition: Developing a Demand-Driven Purchase Model...Michael Levine-Clark
 
Servizi a favore dei rifugiati.
Servizi a favore dei rifugiati.Servizi a favore dei rifugiati.
Servizi a favore dei rifugiati.Irecoop Toscana
 
Key and conventions of opening title sequence
Key and conventions of opening title sequenceKey and conventions of opening title sequence
Key and conventions of opening title sequenceownisr
 
Coperta di Linus Inglese
Coperta di Linus IngleseCoperta di Linus Inglese
Coperta di Linus IngleseIrecoop Toscana
 
Getting to know your users with RUM
Getting to know your users with RUMGetting to know your users with RUM
Getting to know your users with RUMScott Povlot
 
Psf innovation topline 2013
Psf innovation topline 2013Psf innovation topline 2013
Psf innovation topline 2013Andrew Dietz
 
#curatorgeneration: Brand Engagement with Tumblr, Pinterest and Instagram
#curatorgeneration: Brand Engagement with Tumblr, Pinterest and Instagram#curatorgeneration: Brand Engagement with Tumblr, Pinterest and Instagram
#curatorgeneration: Brand Engagement with Tumblr, Pinterest and InstagramHassan Mirza
 
Obradoiro da banda deseñada
Obradoiro da banda deseñadaObradoiro da banda deseñada
Obradoiro da banda deseñadamigadepan
 

Viewers also liked (15)

Catalogue du an Gold Hill
Catalogue du an Gold HillCatalogue du an Gold Hill
Catalogue du an Gold Hill
 
Demand-Driven Acquisitions: New Tools and Strategies for Long-Term Management
Demand-Driven Acquisitions: New Tools and Strategies for Long-Term ManagementDemand-Driven Acquisitions: New Tools and Strategies for Long-Term Management
Demand-Driven Acquisitions: New Tools and Strategies for Long-Term Management
 
Rethinking Monographic Acquisition: Developing a Demand-Driven Purchase Model...
Rethinking Monographic Acquisition: Developing a Demand-Driven Purchase Model...Rethinking Monographic Acquisition: Developing a Demand-Driven Purchase Model...
Rethinking Monographic Acquisition: Developing a Demand-Driven Purchase Model...
 
Argento Vivo Inglese
Argento Vivo IngleseArgento Vivo Inglese
Argento Vivo Inglese
 
Servizi a favore dei rifugiati.
Servizi a favore dei rifugiati.Servizi a favore dei rifugiati.
Servizi a favore dei rifugiati.
 
Back on Track
Back on TrackBack on Track
Back on Track
 
Key and conventions of opening title sequence
Key and conventions of opening title sequenceKey and conventions of opening title sequence
Key and conventions of opening title sequence
 
Test
TestTest
Test
 
Coperta di Linus Inglese
Coperta di Linus IngleseCoperta di Linus Inglese
Coperta di Linus Inglese
 
Getting to know your users with RUM
Getting to know your users with RUMGetting to know your users with RUM
Getting to know your users with RUM
 
Psf innovation topline 2013
Psf innovation topline 2013Psf innovation topline 2013
Psf innovation topline 2013
 
#curatorgeneration: Brand Engagement with Tumblr, Pinterest and Instagram
#curatorgeneration: Brand Engagement with Tumblr, Pinterest and Instagram#curatorgeneration: Brand Engagement with Tumblr, Pinterest and Instagram
#curatorgeneration: Brand Engagement with Tumblr, Pinterest and Instagram
 
Реферат и правила
Реферат и правилаРеферат и правила
Реферат и правила
 
Otter ppt
Otter pptOtter ppt
Otter ppt
 
Obradoiro da banda deseñada
Obradoiro da banda deseñadaObradoiro da banda deseñada
Obradoiro da banda deseñada
 

Recently uploaded

一比一原版(VUW毕业证书)惠灵顿维多利亚大学毕业证成绩单原件一模一样
一比一原版(VUW毕业证书)惠灵顿维多利亚大学毕业证成绩单原件一模一样一比一原版(VUW毕业证书)惠灵顿维多利亚大学毕业证成绩单原件一模一样
一比一原版(VUW毕业证书)惠灵顿维多利亚大学毕业证成绩单原件一模一样dyuozua
 
一比一原版(AUT毕业证书)奥克兰理工大学毕业证成绩单原件一模一样
一比一原版(AUT毕业证书)奥克兰理工大学毕业证成绩单原件一模一样一比一原版(AUT毕业证书)奥克兰理工大学毕业证成绩单原件一模一样
一比一原版(AUT毕业证书)奥克兰理工大学毕业证成绩单原件一模一样dyuozua
 
Premium Call Girls In Kapurthala} 9332606886❤️VVIP Sonya Call Girls
Premium Call Girls In Kapurthala} 9332606886❤️VVIP Sonya Call GirlsPremium Call Girls In Kapurthala} 9332606886❤️VVIP Sonya Call Girls
Premium Call Girls In Kapurthala} 9332606886❤️VVIP Sonya Call Girlsmeghakumariji156
 
一比一原版(Otago毕业证书)奥塔哥大学毕业证成绩单原件一模一样
一比一原版(Otago毕业证书)奥塔哥大学毕业证成绩单原件一模一样一比一原版(Otago毕业证书)奥塔哥大学毕业证成绩单原件一模一样
一比一原版(Otago毕业证书)奥塔哥大学毕业证成绩单原件一模一样dyuozua
 
Gorakhpur Call Girls 8250092165 Low Price Escorts Service in Your Area
Gorakhpur Call Girls 8250092165 Low Price Escorts Service in Your AreaGorakhpur Call Girls 8250092165 Low Price Escorts Service in Your Area
Gorakhpur Call Girls 8250092165 Low Price Escorts Service in Your Areameghakumariji156
 
Dubai Call Girls/// Hot Afternoon O525547819 Call Girls In Dubai
Dubai Call Girls/// Hot Afternoon O525547819 Call Girls In DubaiDubai Call Girls/// Hot Afternoon O525547819 Call Girls In Dubai
Dubai Call Girls/// Hot Afternoon O525547819 Call Girls In Dubaikojalkojal131
 
Teekay Corporation Q1-24 Earnings Results
Teekay Corporation Q1-24 Earnings ResultsTeekay Corporation Q1-24 Earnings Results
Teekay Corporation Q1-24 Earnings ResultsTeekay Corporation
 
Osisko Gold Royalties Ltd - Corporate Presentation, May 2024
Osisko Gold Royalties Ltd - Corporate Presentation, May 2024Osisko Gold Royalties Ltd - Corporate Presentation, May 2024
Osisko Gold Royalties Ltd - Corporate Presentation, May 2024Osisko Gold Royalties Ltd
 
一比一原版(Galway毕业证书)爱尔兰高威大学毕业证成绩单原件一模一样
一比一原版(Galway毕业证书)爱尔兰高威大学毕业证成绩单原件一模一样一比一原版(Galway毕业证书)爱尔兰高威大学毕业证成绩单原件一模一样
一比一原版(Galway毕业证书)爱尔兰高威大学毕业证成绩单原件一模一样dyuozua
 
The Leonardo 1Q 2024 Results Presentation
The Leonardo 1Q 2024 Results PresentationThe Leonardo 1Q 2024 Results Presentation
The Leonardo 1Q 2024 Results PresentationLeonardo
 
一比一原版(UCD毕业证书)都柏林大学毕业证成绩单原件一模一样
一比一原版(UCD毕业证书)都柏林大学毕业证成绩单原件一模一样一比一原版(UCD毕业证书)都柏林大学毕业证成绩单原件一模一样
一比一原版(UCD毕业证书)都柏林大学毕业证成绩单原件一模一样dyuozua
 
一比一原版(EUR毕业证书)鹿特丹伊拉斯姆斯大学毕业证原件一模一样
一比一原版(EUR毕业证书)鹿特丹伊拉斯姆斯大学毕业证原件一模一样一比一原版(EUR毕业证书)鹿特丹伊拉斯姆斯大学毕业证原件一模一样
一比一原版(EUR毕业证书)鹿特丹伊拉斯姆斯大学毕业证原件一模一样sovco
 
Camil Institutional Presentation_Mai24.pdf
Camil Institutional Presentation_Mai24.pdfCamil Institutional Presentation_Mai24.pdf
Camil Institutional Presentation_Mai24.pdfCAMILRI
 
Terna - 1Q 2024 Consolidated Results Presentation
Terna - 1Q 2024 Consolidated Results PresentationTerna - 1Q 2024 Consolidated Results Presentation
Terna - 1Q 2024 Consolidated Results PresentationTerna SpA
 
Western Copper and Gold - May 2024 Presentation
Western Copper and Gold - May 2024 PresentationWestern Copper and Gold - May 2024 Presentation
Western Copper and Gold - May 2024 PresentationPaul West-Sells
 
一比一原版(RUG毕业证书)格罗宁根大学毕业证成绩单原件一模一样
一比一原版(RUG毕业证书)格罗宁根大学毕业证成绩单原件一模一样一比一原版(RUG毕业证书)格罗宁根大学毕业证成绩单原件一模一样
一比一原版(RUG毕业证书)格罗宁根大学毕业证成绩单原件一模一样dyuozua
 
Financial Results for the Fiscal Year Ended March 2024
Financial Results for the Fiscal Year Ended March 2024Financial Results for the Fiscal Year Ended March 2024
Financial Results for the Fiscal Year Ended March 2024KDDI
 
Jual obat aborsi Tawangmangu ( 085657271886 ) Cytote pil telat bulan penggugu...
Jual obat aborsi Tawangmangu ( 085657271886 ) Cytote pil telat bulan penggugu...Jual obat aborsi Tawangmangu ( 085657271886 ) Cytote pil telat bulan penggugu...
Jual obat aborsi Tawangmangu ( 085657271886 ) Cytote pil telat bulan penggugu...Klinik kandungan
 

Recently uploaded (20)

一比一原版(VUW毕业证书)惠灵顿维多利亚大学毕业证成绩单原件一模一样
一比一原版(VUW毕业证书)惠灵顿维多利亚大学毕业证成绩单原件一模一样一比一原版(VUW毕业证书)惠灵顿维多利亚大学毕业证成绩单原件一模一样
一比一原版(VUW毕业证书)惠灵顿维多利亚大学毕业证成绩单原件一模一样
 
一比一原版(AUT毕业证书)奥克兰理工大学毕业证成绩单原件一模一样
一比一原版(AUT毕业证书)奥克兰理工大学毕业证成绩单原件一模一样一比一原版(AUT毕业证书)奥克兰理工大学毕业证成绩单原件一模一样
一比一原版(AUT毕业证书)奥克兰理工大学毕业证成绩单原件一模一样
 
Premium Call Girls In Kapurthala} 9332606886❤️VVIP Sonya Call Girls
Premium Call Girls In Kapurthala} 9332606886❤️VVIP Sonya Call GirlsPremium Call Girls In Kapurthala} 9332606886❤️VVIP Sonya Call Girls
Premium Call Girls In Kapurthala} 9332606886❤️VVIP Sonya Call Girls
 
一比一原版(Otago毕业证书)奥塔哥大学毕业证成绩单原件一模一样
一比一原版(Otago毕业证书)奥塔哥大学毕业证成绩单原件一模一样一比一原版(Otago毕业证书)奥塔哥大学毕业证成绩单原件一模一样
一比一原版(Otago毕业证书)奥塔哥大学毕业证成绩单原件一模一样
 
Gorakhpur Call Girls 8250092165 Low Price Escorts Service in Your Area
Gorakhpur Call Girls 8250092165 Low Price Escorts Service in Your AreaGorakhpur Call Girls 8250092165 Low Price Escorts Service in Your Area
Gorakhpur Call Girls 8250092165 Low Price Escorts Service in Your Area
 
SME IPO Opportunity and Trends of May 2024
SME IPO Opportunity and Trends of May 2024SME IPO Opportunity and Trends of May 2024
SME IPO Opportunity and Trends of May 2024
 
Dubai Call Girls/// Hot Afternoon O525547819 Call Girls In Dubai
Dubai Call Girls/// Hot Afternoon O525547819 Call Girls In DubaiDubai Call Girls/// Hot Afternoon O525547819 Call Girls In Dubai
Dubai Call Girls/// Hot Afternoon O525547819 Call Girls In Dubai
 
Teekay Corporation Q1-24 Earnings Results
Teekay Corporation Q1-24 Earnings ResultsTeekay Corporation Q1-24 Earnings Results
Teekay Corporation Q1-24 Earnings Results
 
Osisko Gold Royalties Ltd - Corporate Presentation, May 2024
Osisko Gold Royalties Ltd - Corporate Presentation, May 2024Osisko Gold Royalties Ltd - Corporate Presentation, May 2024
Osisko Gold Royalties Ltd - Corporate Presentation, May 2024
 
Osisko Gold Royalties Ltd - Q1 2024 Results
Osisko Gold Royalties Ltd - Q1 2024 ResultsOsisko Gold Royalties Ltd - Q1 2024 Results
Osisko Gold Royalties Ltd - Q1 2024 Results
 
一比一原版(Galway毕业证书)爱尔兰高威大学毕业证成绩单原件一模一样
一比一原版(Galway毕业证书)爱尔兰高威大学毕业证成绩单原件一模一样一比一原版(Galway毕业证书)爱尔兰高威大学毕业证成绩单原件一模一样
一比一原版(Galway毕业证书)爱尔兰高威大学毕业证成绩单原件一模一样
 
The Leonardo 1Q 2024 Results Presentation
The Leonardo 1Q 2024 Results PresentationThe Leonardo 1Q 2024 Results Presentation
The Leonardo 1Q 2024 Results Presentation
 
一比一原版(UCD毕业证书)都柏林大学毕业证成绩单原件一模一样
一比一原版(UCD毕业证书)都柏林大学毕业证成绩单原件一模一样一比一原版(UCD毕业证书)都柏林大学毕业证成绩单原件一模一样
一比一原版(UCD毕业证书)都柏林大学毕业证成绩单原件一模一样
 
一比一原版(EUR毕业证书)鹿特丹伊拉斯姆斯大学毕业证原件一模一样
一比一原版(EUR毕业证书)鹿特丹伊拉斯姆斯大学毕业证原件一模一样一比一原版(EUR毕业证书)鹿特丹伊拉斯姆斯大学毕业证原件一模一样
一比一原版(EUR毕业证书)鹿特丹伊拉斯姆斯大学毕业证原件一模一样
 
Camil Institutional Presentation_Mai24.pdf
Camil Institutional Presentation_Mai24.pdfCamil Institutional Presentation_Mai24.pdf
Camil Institutional Presentation_Mai24.pdf
 
Terna - 1Q 2024 Consolidated Results Presentation
Terna - 1Q 2024 Consolidated Results PresentationTerna - 1Q 2024 Consolidated Results Presentation
Terna - 1Q 2024 Consolidated Results Presentation
 
Western Copper and Gold - May 2024 Presentation
Western Copper and Gold - May 2024 PresentationWestern Copper and Gold - May 2024 Presentation
Western Copper and Gold - May 2024 Presentation
 
一比一原版(RUG毕业证书)格罗宁根大学毕业证成绩单原件一模一样
一比一原版(RUG毕业证书)格罗宁根大学毕业证成绩单原件一模一样一比一原版(RUG毕业证书)格罗宁根大学毕业证成绩单原件一模一样
一比一原版(RUG毕业证书)格罗宁根大学毕业证成绩单原件一模一样
 
Financial Results for the Fiscal Year Ended March 2024
Financial Results for the Fiscal Year Ended March 2024Financial Results for the Fiscal Year Ended March 2024
Financial Results for the Fiscal Year Ended March 2024
 
Jual obat aborsi Tawangmangu ( 085657271886 ) Cytote pil telat bulan penggugu...
Jual obat aborsi Tawangmangu ( 085657271886 ) Cytote pil telat bulan penggugu...Jual obat aborsi Tawangmangu ( 085657271886 ) Cytote pil telat bulan penggugu...
Jual obat aborsi Tawangmangu ( 085657271886 ) Cytote pil telat bulan penggugu...
 

Notify batubara selaras sapta (ain't final)

  • 1.   25/05/2010                      The Manager  Companies Announcements Office  Australian Stock Exchange Limited  Exchange House  Level 4, 20 Bridge Street  Sydney, NSW 2000  APAC Coal Ltd (ASX Code: AAL) refers to our announcement on the 08 March 2010 concerning the status of the appeal in the Supreme Court in Indonesia. APAC Coal has now been advised by our Indonesian litigation lawyer that the Judicial Review has been filed with The Indonesian Supreme Court. The Board and the legal advisors wish to reiterate that the previous judgements (adjudicated by the Administrative Court) are not the ones determining the “title of ownership of the shares” because a dispute on title of shares ownership is under the competence of the District Court and not the Administrative Court. The Board wish to also inform that the following advertisement was made in the Jakarta Post, a national English daily newspaper, on Thursday 20 May 2010 in Indonesia. NOTIFICATION On behalf of our client, PT Batubara Selaras Sapta, represented by its President Director, Mr. Rudy Santoso, a company having its address at Jakarta Stock Exchange Building, Tower 2, Suite 2305, Jl. Jend. Sudirman, Kav 52 – 53 , Jakarta 12190, based on Power of Attorney dated 3 May 2010, we hereby notify the public of the following : 1. Our client, PT Batubara Selaras Sapta represented by its President Director, Mr. Rudy Santoso, is a party to a court case adjudicated by The Administrative Court of Jakarta on 28 January 2009 under the court judgment No. 141/G/2008/PTUN-Jkt. ; 2. The said court case was referred to The Administrative High Court of Jakarta and The Administrative High Court of Jakarta adjudicated on this court case on 26 May 2009 under the court judgment No. 85/B/2009/PT.TUN.Jkt. ; 3. The Indonesian Supreme Court has also adjudicated on this court case and the adjudication was made on 13 November 2009 under the Supreme Court judgment No. 321 K/TUN/2009 ; 4. Our client, PT Batubara Selaras Sapta, represented by its President Director, Mr. Rudy Santoso, has already filed “Judicial Review” (Peninjauan Kembali = PK) with The Indonesian Supreme Court, through The Administrative Court of Jakarta,
  • 2. against the said Supreme Court judgment No. 321 K/TUN/2009. Our client filed the said “Judicial Review” on 20 April 2010 under the registered number 141/G/2008/PTUN-JKT 5. It shoud be noted that all the aforementioned court judgments are not the ones determining the “title of ownership of the shares” because a dispute on title of shares ownership is under the competence of District Court and not the Administrative Court. Based on the above mentioned judicial facts, on behalf of our client, PT Batubara Selaras Sapta represented by its President Director, Mr. Rudy Santoso, we hereby notify and remind the public not to make any transaction on title of ownership of the said shares, including sales and purchase of the shares of PT Batubara Selaras Sapta represented by its President Director, Mr. Rudy Santoso, in order to prevent or refrain our client from taking any legal actions in relation to such transaction. Law Office “AMIR SYAMSUDDIN & PARTNERS” Dr. Amir Syamsuddin, SH, MH Nurhasyim Ilyas, SH, MH S u b a n i, SH, MH ________________________________________________________________________ CONTACT DETAILS: COMPANY Sam Di Giacomo Interim Chairman APAC Coal Ltd         T: 61 8 9451 8800 ABOUT APAC COAL LIMITED (AAL) APAC Coal has a 30 Year Concession to explore for coal over a 23,124 ha parcel of land in East Kalimantan, Indonesia. A JORC compliant inferred resource of 18.2 million tonnes defined as geological conceptual estimates at the tenement has been identified which is expected to form the basis of an initial mining operation. This resource occurs within a very small area of the Concession (3.8%) with over 90% of the Concession yet to be explored to any significant degree. Kalimantan is the principal coal producing region of Indonesia, the world’s 7th largest coal producer. APAC Coal is a subsidiary of Singapore listed Magnus Energy Group, which operates in the upstream petroleum and coal business. Its core focus is petroleum, coal production, low- risk exploration and field development. Magnus has committed to providing a low cost Management and Finance Team in the initial phase of the development of APAC Coal Limited. For more information, please visit www.apaccoal.com
  • 3. COMPETENT PERSON’S STATEMENT The information in this report relates to mineral resources based on information evaluated by Mr Edward Radley who is a of the Australasian Institute of the Mining and Metallurgy (AusIMM). Mr Radley is a full time employee of Ravensgate. Mr Radley has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Report of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Radley consents to inclusion in the report of the matters based on his information in the form and context in which it appears.