ENRG reports well control issues at Banjarpanji-1stabilizing, loses minimized

PT Energi Mega Persada reports that at 5am on May 29, 2006 the company observed steam, water and a minor amount of gas bubbling to the surface adjacent to its Banjarpanji-1 exploration well at Sidoarjo, East Java, Indonesia. The company reports no fatalities and no damage to drilling equipment.