Indonesia Energy Corporation (INDO) Investor presentation summary

Strategic positioning and market overview

• Operates in Indonesia, the largest economy in Southeast Asia with a population over 283 million and strong GDP growth, rich in natural resources and a mature legal framework for oil and gas operations.

• Energy demand in Indonesia, especially for natural gas in West Java, is projected to grow rapidly, with a 6.3% annual increase in gas demand and a significant supply gap expected by 2028.

• Government incentives and regulatory reforms, including new production sharing contracts, aim to attract investment and promote cost efficiency in oil and gas development.

Asset portfolio and operational highlights

• Holds two key assets: the producing Kruh Block (stable cash flow, contract to 2030) and the de-risked Citarum Block (appraisal and development, contract to 2048), both with significant upside potential.

• Kruh Block: 124 BOPD average productivity in 2024, producing from only 1 of 7 structures, with average 2023 production costs at $32/bbl and plans to reduce below $20/bbl.

• Citarum Block: 195,000 acres near Jakarta, adjacent to major producing fields, with $40M invested by prior operator and proven hydrocarbon presence.

Recent and planned operations

• Completed a 29 sq km 3D seismic program in Kruh Block to maximize returns; new drilling operations to commence June 2026.

• Drilled four consecutive oil discoveries and a gas discovery in Kruh Block, with a five-year extension in 2023 improving contract terms and boosting profit oil, reserves, and net cash flow.

• Plans to drill 18 new wells in Kruh Block by 2030, aiming to increase production and free cash flow.

• Citarum Block operations to commence, targeting a potential billion-barrel equivalent resource with a 30-year term and high local gas prices.