PT Atlas Resources Tbk announced a private placement of 300,000,000 common shares at a nominal value of IDR 200 per shares on June 22, 2021. The value of the share offering is equivalent to 9.58 percent of the company's total issued and fully paid shares. The transaction has been approved by board of the company and subject to the Extraordinary General Meeting of Shareholders to be held on July 29, 2021.