Indonesia Energy Corporation (INDO) Investor presentation summary

Strategic positioning and market context

• Operates in Indonesia, the largest economy in Southeast Asia, with strong GDP growth and a large, resource-rich population exceeding 283 million.

• Energy demand, especially for natural gas, is projected to rise sharply in West Java, with a 6.3% annual growth rate and significant gas shortages expected by 2028.

• Government incentives and regulatory reforms are attracting investment in oil and gas, including new production sharing contracts and operational flexibility.

Asset portfolio and operational highlights

• Holds two key assets: the producing Kruh Block (stable cash flow, 124 BOPD in 2024, contract to 2030) and the de-risked Citarum Block (195,000 acres, appraisal/development, contract to 2048).

• Kruh Block achieved four consecutive oil discoveries and a new gas zone, with production costs targeted below $20/barrel and a 5-year contract extension improving terms.

• Citarum Block, near Jakarta, benefits from existing infrastructure and high regional gas prices, with prior $40M investment and four discovery wells by the previous operator.

Growth initiatives and development plans

• Completed a 29 sq km 3D seismic program at Kruh to optimize drilling and maximize returns; new drilling commenced July 2026.

• Plans to drill 18 new wells at Kruh by 2030, aiming to increase reserves and free cash flow, with a projected $222M future net revenue.

• Citarum’s three-year appraisal program includes seismic studies and multiple delineation wells, targeting commercialization of at least 8 out of 29 prospects.

• Entered an MOU with a Brazilian E&P company to evaluate new growth opportunities.