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Do not post bugs reports here, use viewforum.php?f=77 instead. There is no support for other server builds than the official provided by l2jserver.com
"Could not reserve enough space for object heap"
So you have not enough memory for VM. You can find a line in the starter batch files starting with "java".
Like this:
Here you can change the -Xms (initial allocation size) and -Xmx (maximum allocation size) values to what you want to use. You may be having too big values in this file, so change it.