JATCORP LIMITED — Capital/Financing Update 2012

Feb 19, 2012

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ASX/Media announcement

20 February 2012

Jatenergy Secures First Coal Sale from East Kalimantan Mines

• 8000-tonne contract with Singaporean buyer signed for March delivery

• 50% down payment due in five working days

• Production continues at both Jongkang I and Jongkang II mines

Energy company Jatenergy Ltd (ASX code JAT) announced today that it had secured its first coal sales contract from its two Jongkang mines in East Kalimantan, Indonesia.

Jatenergy’s Chief Executive Officer Phil Hodgson said: “Securing this first coal sale underscores buyer confidence in our ability to deliver reliable, good quality thermal coal from our operations.”

The company’s Indonesian Chief Operating Officer Chris Flanagan said that production was progressing well at both mines. “We are currently producing from both our Jongkang I and Jongkang II operations. Our on-site stockpile and readily accessible capped coal now totals about 15,000 tonnes.’

The sales contract, for an 8000-tonne barge, had been reached with a Singaporean buyer. The key terms are a 50% total purchase price down-payment due in five working days, a marketbased FOB price (based upon 6500 kCal/kg specification), 40% payment on barge loading in March and a 10% adjustment subject to cargo survey.

Jongkang I and Jongkang II have been developed in a JV arrangement with a local Indonesian partner. Jatenergy contributed the majority of the working capital costs of both projects (around US$1m) in return for 30% of the mining margin and the marketing rights to 100% of the production. The project is sited 5km from a stockpile, crushing and conveyor loading facility on the Mahakam River, about 25km from the coal shipping hub of Samarinda.

Jatenergy’s new Chairman Alan Broome said: “We have now proved that we can operate in Indonesia – an area with huge growth potential for our company. The revenue will be applied to our significant Katingan project in Central Kalimantan, as well as to secure and develop larger short-to-production projects now under review in Indonesia.”

Floor 6, Suite 8, 55 Miller Street, PYRMONT NSW 2009 t +61 2 9571 8300 f +61 2 9571 8200 w www.jatenergy.com

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For further information:

Phil Hodgson, Jatenergy Chief Executive Officer – 02 9571 8300

Media: Alan Deans, Last Word Corporate Communications – 0427 490 992

About Jatenergy:

Jatenergy is a diversified energy company operating in Australia and Asia. It owns the rights to four coal projects in Indonesia’s Kalimantan coal region, as well as eight coal exploration permits and permit applications in Queensland’s Bowen and Galilee basins. It also produces high quality crude jatropha oil from plantation operations in Central Java, Indonesia, for power production and the airline industry.

Recent ASX/Media Releases

16 February 2012

JATENERGY WINS APPROVAL FOR THIRD INDONESIAN COAL MINE

Energy company Jatenergy Limited (ASX code JAT) today announced that the Indonesian Government had granted a production licence for the development of the company’s Atan Bara coal project in East Kalimantan.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2667097

8 February 2012

JATENERGY STOCKPILES COAL FOR EXPORT AND APPOINTS NEW CHAIRMAN

Jatenergy Ltd (ASX code JAT) announced today that it had mined a combined 2,500 tonnes of coal from its two Jongkang mines in East Kalimantan, Indonesia, and stockpiled it for impending export shipment.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2666131

21 December 2011

JATENERGY MOBILISES CONTRACTOR AT SECOND INDONESIAN COAL PROJECT

Jatenergy Ltd announced today that agreement had been reached with mining contractors to start work on its Jongkang I coal development in East Kalimantan, enabling them to mobilise equipment and commence stripping of overburden.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2661856

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21 November 2011

PRODUCTION LICENCE GRANTED FOR JATENERGY’S SECOND INDONESIA COAL PROJECT

Jatenergy Limited announced that the Indonesian Government had issued a production licence covering its Jongkang coal joint venture in East Kalimantan, coming just one week after the company started mining its first coal from the neighbouring Jongkang II mine.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2657543

15 November 2011

JATENERGY TO COMMENCE COAL MINING IN EAST KALIMANTAN THIS WEEK

Jatenergy has entered into a joint operation with a currently producing coal mine – Jongkang II - in East Kalimantan, Indonesia, which would enable the company to commence mining its first coal this week. The new agreement is in addition to the company’s Jongkang and Atan Bara coal ventures, also in East Kalimantan, which are at an advanced stage of development.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2656867

8 September 2011

JATENERGY SUPPLIES FUEL FOR LUFTHANSA’S PIONEERING BIOJET FLIGHTS

High quality crude jatropha oil supplied by Jatenergy from its operations in Central Java, Indonesia, has been sold to Lufthansa for use in the world’s first, long-term trial of renewable jet fuel on the German airline’s regular scheduled flights between Hamburg and Frankfurt.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2647992

22 August 2011

JATENERGY PROCEEDS WITH SECOND FAST-TO-PRODUCTION COAL MINE IN INDONESIA

Jatenergy has reached conditional agreement for a new coal mining joint venture in East Kalimantan that is expected to move rapidly into coal production. The Jongkang project, located 5 km along an existing haul road from the Mahakam River and about 25km from a major hub of Indonesia’s coal industry at Samarinda, is being developed by an existing coal mine operator, CV Wijaya Mulia.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2645145