KrisEnergy Ltd. (“KrisEnergy” or the “Company”), an independent upstream oil and gas company, refers to the announcement dated 1 July 2014 in relation to the acquisition of Premier Oil Sumatra (North) B.V. (which holds 41.6666% working interest in the Block A Aceh production sharing contract (“PSC”)) from Premier Oil Overseas B.V. (“Premier”), and announces the completion of the acquisition. Approval for the change of control has been received from the Government of Indonesia and the provincial government of Aceh.