Relevant Report and Studies

2. COMPETENT PERSONS STATEMENT

The information in the report, to which this statement is attached, that relates to the Coal Resources of PT. Gunungbayan Pratamacoal Block 1, is based on information compiled and reviewed by Mr. William Park, who is a Member of the Australian Institute of Geoscientists and works full time for Minarco-MineConsult Pty Ltd. William Park, signing on behalf of Minarco-MineConsult Pty Ltd, is a qualified Geologist who has more than 30 years of relevant mining and geological experience in coal, working for major mining companies and as a consultant. During this time he has either managed or contributed significantly to numerous mining studies related to the estimation, assessment, evaluation and economic extraction of coal in Australia, New Zealand, the Philippines and Indonesia. He has sufficient experience which is relevant to the style and type of deposit under consideration and to the activity he is undertaking to qualify him as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. WILLIAM PARK BSc Geology, BEcon, MAIG The estimates of Coal Resources presented in this Statement have been carried out in accordance with the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” December, 2004. The information in the report, to which this statement is attached, that relates to the Coal Reserves of PT. Gunungbayan Pratamacoal Block 1, is based on information compiled and reviewed by Mr. Paul Westcott, who is a Chartered Professional Mining Engineer, a Fellow of the Australasian Institute of Mining and Metallurgy, a Member of the American Institute of Mining Engineers, a member of the Mineral Industries Consultants Association and is a full time employee of Minarco-MineConsult Pty Ltd. He has more than 30 years experience in the coal mining industry, during which time he has acted mainly as a consultant to the industry and has either managed or contributed significantly to several hundred mining studies related to the estimation, assessment, evaluation and economic extraction of coal in Australia, New Zealand, Thailand, South America, South Africa, Mongolia, Bangladesh, Ireland, and Indonesia. He has sufficient experience which is relevant to the style of mineralization and types of coal deposits under consideration, and to the activity he is undertaking, to qualify him as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. PAUL WESTCOTT BE Mining, Hons FAusIMM, CPMin, MMICA, MAIME The estimates of Coal Reserves presented in this Statement have been carried out in accordance with the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” December, 2004. The above-mentioned persons have no interest whatsoever in the mining assets reviewed and will gain no reward for the provision of this Coal Resource and Reserve Statement. Minarco-MineConsult will receive a professional fee for the preparation of this statement. A-19