DSME ENR CEPU at A Glance

The Company, previously named PT. Syabas Usaha Migas, was established under Deed of Establishment No. 07 dated 16 October 2006 as amended by Deed No.4, dated 09 November 2006, and received an approval from the Minister of Justice of Republic of Indonesia in June 2007. The company’s business line was originally in oil and gas trading business before changed into Management Consultancy Service and Other line in 2011.

The authorized capital is Rp. 25,250,000,000 (twenty five billions two hundred fifty million rupiah) divided into 252,500 (two hundred fifty two thousand five hundred) registered shares, each with a nominal value of Rp.100,000-(one hundred thousand rupiah). 

Now, the company has 5 (five) full time employees to manage its investment in Indonesia and as of 31 December 2011, the Company has invested for cash calls to the Project for about 30 Millions USD since January 2009.

Historical Moments of the Company

• Established in 6 October 2006 as PT. Syabas Usaha Migas.
• 29 January 2009, Korean Consortium entered into a Sales and Purchase Agreement to acquire 100% of the shares of the Company.
• 16 June 2009, Shares transfer - deed: Shareholder composition: DSME 40%, ENR 40%, Penco 20% total shares of 252,500 shares
• 10 May 2010, Shares transfer - Penco - GNG: 37,875 shares (15%); shareholders: DSME 40%, ENR 40%, Penco 5 % , GNG 15% 
• 26 April 2011, Share transfer between Penco to ENR of 12,625 shares (5%) – as the result, the new composition of shareholders became: ENR 45%, DSME 40%, GNG 15%
• May 2011, Change on company name, domicile and business line – from PT. Syabas Usaha Migas to PT.DSME ENR CEPU, and from Trading in Oil and Gas Industry to management consultancy service and others. 
• July 2011, changed president director from  Mr.Woo, Jong-Sik to Mr.Koo, Bon-Chung. 
• August, 2011 signing Investment Facility Agreement between DEC and KoFC.
• October 2011, reappointment member of BOD/BOC, Mr.John Park and Mr.Son, Il-Yong. 

The composition of the Company’s shareholders as at 31 December 2011 as follows:

	2011
Shareholders	Number of Shares	% of Ownership	Total (IDR)
DSME ENR Ltd.	101,000	45%	11,362,500,000
DSME	101,000	40%	10,100,000,000
GNG Holdings INC.,	37,875	15%	3,787,500,000
Total	252,500	100%	25,250,000,000