Shares Performance




Dividend Policy

According to the Company’s Articles of Association and the Corporate Laws No: 40/2007, if the Company books a positive retained earnings, then the Company may distribute dividends to its shareholders upon the recommendation of the Board of Directors after obtaining approval from the Annual General Meeting of Shareholders (AGMS). The Company will declare dividends subject to the following matters:

  1. The operating income, cash flow and the financial condition given the reason for its sustainable performance;
  2. Fulfillment of required reserve funds; and
  3. Compliance with the prevailing laws and regulations and GMS approval.

Based on resolution of AGMS convened on June 19, 2017, the AGM approved the Company’s Net Loss of Rp 23.362.032.637 for the year ended December 31, 2016, therefor the Company did not distribute dividend to the shareholders.

The Company for the first time distributed dividend attributable to the shareholders for the year 2012, and there were no dividend payment due to unfavorable oil and gas industry since 2014 which resulted the Company experienced significant losses.



Capital Market Supporting Professionals

Registered Public Accountant :

Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan dan Rekan (PKF)
UOB Plaza Lantai 30
Jl. MH. Thamrin Lot.8-10, Jakarta 10350
Tel: (62-21) 3000 7879; Fax: (62-21) 3000 7898

Notary :

Ashoya Ratam, SH, MKn.
Jl. Suryo No.54, Kebayoran Baru, Jakarta 12180
Tel: (62-21) 2923 6060; Fax: (6221) 2923 6070

Share Registrar :

PT Sinartama Gunita
Sinarmas Land Plaza Tower III Lantai 12
Jl. M.H. Thamrin No. 51, Jakarta 10350
Tel: (62-21) 392 2332; Fax: (62-21) 392 3003



Gedung Menara Karya 3rd Floor
Jl. HR. Rasuna Said Blok X-5 Kav.1-2
Jakarta – 12950
Tel: (62 21) 57957518   |   Fax: (62 21) 57957418