JP Morgan - MEDC: Worth watching

A meeting indicated that the company expects the government of Indonesia to approve the Seller Appointment Agreement on Senoro soon. Once approved, it will be allowed to begin production at the Senoro gas field. As there are guaranteed buyers for gas, MEDC does not believe financing will be an issue. Once Senoro starts production, it could raise the current gas production by 92.5% from 135MMscfd in 1Q10 to 260MMscfd.