Indonesia Energy Corporation (INDO) Corporate presentation summary

Strategic positioning and market overview

• 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 grow rapidly, with West Java facing significant gas shortages by 2028.

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

Asset portfolio and operational highlights

• Owns the producing Kruh Block (stable cash flow, 124 BOPD in 2024, contract to 2030) and the de-risked Citarum Block (195,000 acres, contract to 2048).

• Kruh Block has low production costs ($32/bbl in 2023, targeting <$20/bbl), with only 1 of 7 structures currently producing.

• Citarum Block is near Jakarta, with proven hydrocarbons and significant prior investment; adjacent fields produce 45,000 BOPD and 450 MMSCFD.

Recent and planned developments

• Completed a 29 sq km 3D seismic program at Kruh Block in 2025 to optimize drilling and returns.

• Commenced new drilling operations at Kruh Block in June 2026, aiming for 18 new wells by 2030.

• Initiated operations on the Citarum Block, a potential billion-barrel equivalent asset, with a 3-year appraisal and development program underway.

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