Risiko likuiditas lanjutan Liquidity risk continued

PT PERTAMINA PERSERO DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Tanggal 31 Desember 2015 dan untuk Tahun yang Berakhir pada Tanggal Tersebut Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain PT PERTAMINA PERSERO AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Expressed in thousands of US Dollars, unless otherwise stated 210

49. PERJANJIAN, KOMITMEN DAN KONTINJENSI SIGNIFIKAN lanjutan

49. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued

e. Perkara hukum lanjutan e. Legal cases continued Golden Spike Energy Indonesia GSEI lanjutan Golden Spike Energy Indonesia GSEI continued Manajemen berpendapat bahwa tuntutan GSEI tidak beralasan karena: - KKS dan Operating Agreement menyatakan bahwa setiap perselisihan antara pihak harus diajukan ke badan arbitrase International Chamber of Commerce “ICC”. Oleh karena itu, Pengadilan Negeri tidak memiliki wewenang untuk mengadili perselisihan ini. • Berdasarkan KKS dan Operating Agreements, seluruh pembiayaan selama masa eksplorasi merupakan kewajiban GSEI dan bukan merupakan sole risk operation. • Biaya yang terjadi selama masa eksplorasi tersebut merupakan carried cost dan sudah dilunasi oleh PHE RT melalui mekanisme out of production. Pada tanggal 22 Juli 2014, Pengadilan negeri Jakarta Pusat mengabulkan sebagian klaim GSEI sebesar US125.266.876. Management is convinced that the Claim of GSEI has no ground since: • It is clearly stated in the PSC and Operating Agreement that all disputes between parties shall be settled by the International Chamber of Commerce “ICC”. As such, the district court does not have authority to settle the dispute. • Based on the PSC and the Operating Agreement, all expenditures incurred during the exploration stage is the responsibility of GSEI and therefore cannot be categorized as sole risk operation. • Expenditures incurred during the exploration stage represent carried cost and were fully paid by PHE RT through its portion of out of production mechanism. On July 22, 2014, the district court of Central Jakarta granted partial of the GSEI claim in the amount of US125,266,876. Pada tanggal 24 Juli 2014, PHE RT mengajukan permohonan banding ke Pengadilan Tinggi namun pada 11 Februari 2015 Permohonan Banding PHE RT ditolak dan Pengadilan Tinggi Jakarta Pusat memutus memperkuat Putusan Pengadilan Negeri Jakarta Pusat. On July 24, 2014, PHE RT submitted an appeal to the High Court, however on February 11, 2015 High Court of Jakarta rejected the appeal of PHE RT and upheld the District Court of Central Jakarta decision. PHE RT kemudian mengajukan Kasasi kepada Mahkamah Agung pada 8 Juli 2015 dengan dalil i Pengadilan Negeri Jakarta Pusat tidak berwenang dan ii tidak ada sole risk operations sebagaimana klaim GSEI selama ini. Berkas Kasasi telah disampaikan ke Mahkamah Agung pada akhir November 2015. Subsequently, PHE RT submitted Cassation to Supreme Court on July 8, 2015 with the propositon that i the District Court of Central Jakarta has no Jurisdiction to process the case ii there is no Sole Risk Operation as claimed by GSEI. The bundle of Cassation document was delivered to Supreme Court at the end of November 2015.