Company Profile ICE

SUMMARY OF COMPANY PROFILE

PT. INDONESIA CARBON ENERGY

Office: Jl. Mustoyo no.100, Cinangka RT02/RW05, Ujungberung

Bandung 40618, Indonesia

Telp./Fax.: +62-22-7812394 _ +62-8112252491, email : waluyobagaskoro@yahoo.com

PROFILE of PT. INDONESIA CARBON ENERGY

PT. Indonesia Carbon Energy (ICE) is private national company with registered office at Bandung, West Java, Indonesia, Jl. Mustoyo no. 100, Cinangka RT02/RW05, Ujungberung, Bandung 40618, notary public Drs. Juher Zaidir, SH. with building certificate no. 2 on may 12, 2007.

Legality Document:	Registration Number:
Company Residence (Domisili) Trade License (SIUP) Tax (NPWP) Corporation (TDP) Department of Justice Public Notary (Akte)	Reg. # 02/DP/V/PSW/2007 Reg. # 510/2 – 0637 – DISINDAG/2007 Reg. # 02.587.727.5-429.000 Reg. # 101115113459 Reg. # W8-01963 HT.01.01-TH.2007 Reg. # 02 date May 12, 2007

PT. Indonesia Carbon Energy is a company effort in the engineering services comprise of:

• General Exploration
• Open and Core Drilling
• Topography Survey
• Mine and Geology Consultant
• Engineering Geology

ICE supported by an expert and experience people in the mining practise in Indonesia. The experts comprise of senior – principle geologist, geodetic engineer, mining and design engineer, surveyor, driller who have experiences more than 15 years.

The support team of ICE:

1. Ir. Waluyo (Director and Senior Geoscientist)
2. Dr. Ir. Imam Ahmad S. MT. (Expert on Engineering Geology and Lecture)
3. Aris Priyandoko (Senior Geodetic)
4. Ir. Andi Hendra Setiawan, MM. (Geologist and Finance)
5. Ir. Gampil Soedibyo (Principle Geologist)
6. Ir. Gunadi Budi Raharjo (Design and Mining Engineer)

PT. Indonesia Carbon Energy Charter.

PT. Indonesia Carbon Energy (ICE), is a company have effort in the engineering services and natural resources consultant.

Our purpose is to give the best services to our costumers to understand their resources by satisfy.

We value:

1. Safety and the Environment: An overriding commitment to health, safety, and environment.
2. Win-win relationships: Having relationships which focus on the creation of value for all parties.
3. Integrity: Doing what we say we will do.
4. Respect for Each Other: The embrassing of diversity, enriched by openness, sharing, trust, team work and involvement.
5. High Performance: The excitement and fulfilment of achieving superior business result and stretching our capabilities.

We are succesful in Creating value when:

• Our costumers got an accurate data of their resources.
• The communities in which we operate value our citizenship.
• Every employee start each day with a sense of purpose and ends each day with a sense of accomplishment.

Equipment and Facility

Until this time we have an equipment to support the exploration activity, resources calculation, and mining design, comprises of:

• Complete of geological mapping tools.
• Man_portable rig Jacro 175.
• Man_portable rig Jacro 200.
• Topography Survey, Softdesk and Autodesk software.
• Software to resources calculate and mine design.

Bank Account

Nowadays PT. Indonesia Carbon Energy has some bank accounts in the foremost bank in Indonesia, like:

- Bank Mandiri (Rupiah/ US Dollar),

- Bank BNI 1946 (Rupiah),

- Bank Niaga (Rupiah),

- Bank Rakyat Indonesia (Rupiah),

-Bank Central Asia (Rupiah).

Project Experiences

1. Drilling, topography, and resource calculation project at PT. Mahakam Prima Akbar Sejati, Kutai Kartanegara, East Kalimantan, July 2008.
   
2. Drilling, topography, and resource calculation project at PT. Artha Permai Alam Utama, Kutai Kartanegara, East Kalimantan, March-July 2008.
   
3. Drilling Project at PT. Alfara Delta Persada, Kutai Kartanegara, East Kalimantan, February-July 2008.
   
4. Drilling Project at PT. Yamabhumi Palaka, Kab. Sintang, West Kalimantan, January-April 2008.
   
5. Detail topography survey 1:1000 scale at PT. Yamabhumi Palaka, Kab. Sintang, West Kalimantan, 1200 hectare with contract number: 001/SP-Kont/YBP-ICE/XI/2007 (November 2007 - May 2008).
6. Preliminary Survey (Geological mapping) at PT Sintamani (STX Project), Kaburan Village, Kapuas, Central Kalimantan, September 2007.
7. Due dilligence drilling at PT. Group Rahmat Bersama (STX Project), Salaman, Kintap, Kota Baru, Kalimantan Selatan, September – October 2007.
8. Detail topography survey 1:2000 scale at PT. Asmin Bara Bronang, Kab Kapuas, Central Kalimantan, 2000 hectare with contract number: 001/SP-Kont/ABJ-ICE/VIII/2007 (August 2007 - Now).
9. Geology Consultant on coal exploration project PT. Bara International, Central Kalimantan, May 2007 – now.
10. Drilling Project at PT. Indomining, Sangasanga, Kutai Kartanegara, East Kalimantan, contract number: 001/KK/IM – IE/V/07, May 2007.
11. As personal the management of PT. Indonesia Carbon Energy have an enough experiences in the exploration and coal mining in Indonesia, like:
• Project of drilling, topography survey, geology mapping, resources calculation at Kusan Block, PT. Borneo Indobara, South Kalimantan, January 2007.
• Geological mapping project (Preliminary survey) at PT. Trillion Glory International, December 2006.
• Drilling project at Coal Concession on Work PT. Borneo Indobara, South Kalimantan, September 2006 (Drilling 12.000 m).
• Geological mapping project at PT. Bara Barito Perkasa, Central Kalimantan, August 2006.
• Project of drilling, topography survey, reserve calculation and mining design at PT. Indomining, Sangasanga, Kutai Kartanegara, East Kalimantan, July 2006.
• Experiences on coal exploration since literature study until feasibility study at Maruwai Coal Project_BHPBilliton, Central Kalimantan, more than 10 years.
• Experiences in the topography survey at more than 50 company on 2006 – 2007.