Our Company, PT. Ratu Prabu Energi, Tbk., was originally established under the name of PT. Arona Binasejati pursuant to Deed of Establishment No. 44 dated March 31, 1993 and Deed No. 66 dated October 9, 1995, both executed before Frans Elsius Muliawan, S.H., Notary in Jakarta and has been approved by Minister of Justice of the Republic of Indonesia reference Letter No. C2-227 HT.01.01 TH.96 dated January 9, 1996. The Company changed its name as PT. Ratu Prabu Energi, Tbk., on June 30, 2008.
The Company conducted an Initial Public Offering in the amount of 95.000.000 common shares based on Effective Notification Statement from the Chairman of Bapepam Number 796/PM/2003, and the Company Listed all of its shares in Jakarta Stock Exchange (now Indonesian Stock Exchange) on April 30, 2003, with code "ARTI".
ARTI's office is at Ratu Prabu 1 Building, 9th Floor, Jl. TB. Simatupang, Kav. 20, Cilandak, South Jakarta. The Company conducted a Limited Public Offering I to existing shareholders in connection with the right issue of 1.568.000.000 shares on July 11, 2008. In the same year, on June 30, 2008 the Company changed its name to PT. Ratu Prabu Energi, Tbk., and transformed its core business from furniture manufacturing to oil and gas.
The Board of Commissioners consist of 2 (two) members, consist of President Commissioners and Independent Commissioners, with the composition are as follows: Derek P. Maras (President Commissioners) and Andi Sangkala (Independent Commissioners).
The Board of Directors are Company's element in charge to manage all operation activities in accordance with the aims and objectives of the Company.