Release: EMP clarifies that recent trading activity in its stock not driven by operational concerns
Tuesday, May 25 2010 - 08:11 AM WIB
(Jakarta, 25 May 2010)--PT Energi Mega Persada Tbk (EMP or the "Company") made a statement to the market regarding recent trading activity in its shares.
EMP management has observed recent trading patterns and we are unaware of operational factors that could have contributed to the share price decline.
EMP remains focused on delivering production reserves, earnings and cash flow growth to shareholders.
Our 2010 plan, which was articulated at a recent analysts briefing, remains on track and intact.
Moreover. EMP remains amongst other things focused on the development of new gas sales from Bentu PSC and the Kangean PSC, new oil from Kangean PSC and stronger oil production from the Malacca Strait PSC. (end of release)