Indonesia Energy Corporation Limited · AMEX:INDO
Indonesia Energy — Investor Presentation (June 2022)
19 slides from Indonesia Energy's investor presentation, Jun 8, 2022
Slide 1: Indonesia Energy Investor Presentation, June 8, 2022
DRAFT NYSE American: INDO indo-energy.com June 8, 2022 1
Slide 2: Disclaimers and Cautionary Note on Forward-Looking Statements
DISCLAIMERS AND CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS Readers are cautioned that the securities of Indonesia Energy Corporation Limited (“IEC”) are highly speculative. No representation or warranty, expressed or implied, is or will be made and, save in the case of intention or fraud, no resp
Slide 3: Indonesia Energy: The Right Place at the Right Time
DRAFT INDONESIA ENERGY The Right Place at the Right Time • Exchange/Symbol: NYSE American: INDO • Completed IPO in December 2019 • Raised $10 million in 2022 and have drilled 3 successive oil discoveries and goal to be cash flow positive by end of 2022 • Low Cost - High Value Production & Developmen
Slide 4: Delivering Shareholder Value
DRAFT INDONESIA ENERGY Delivering Shareholder Value • Since January 1, 2022 Stock has returned 300+% • Average volume over last 3 months has been over 200% of float! (3+ million shares/day) ! • Market cap has risen from $21 million to $100 million in 5 months! • Cash Flow positive expected in 2022 !
Slide 5: Indonesia Energy Assets
DRAFT Indonesia Energy Assets IEC Currently Owns a Producing Asset and a De-risked Development & Exploration Property ▪ 1 million acre appraisal & development block controlled until 2048 ▪ Stable cash flow generating asset owned controlled until 2030 ▪ 16 miles from Jakarta → significant pipeline in
Slide 6: Indonesia's Growth Opportunities
DRAFT Indonesia’s Growth Opportunities Largest economy in S.E. Asia, fourth most populous nation (>274MM), 10th largest global economy and a member of the G-20 Annual GDP Growth: Indonesia vs. World Area 735,358 sq.miles Capital "Designed by Freepik" Jakarta Source: data.worldbank.org/indicator Worl
Slide 7: Indonesia's Growing Demand for Energy
DRAFT Indonesia’s Growing Demand for Energy Demand for energy is only expected to grow in the years to come, especially in the region where IEC’s gas asset is located (West Java) Years 2021 to 2050 Electricity Demand Natural Gas Demand Total Energy Demand Industrial Sector Energy Natural Gas Demand
Slide 8: Oil Majors Continue to Invest Billions in Indonesia
DRAFT Oil Majors Continue to Invest Billions in Indonesia Indonesia Fact: Exploration Drilling Success Ratio 2012 - 2018 Year 2012 2013 2014 2015 2016 2017 2018 Exploration Wells 96 75 64 33 33 15 22 Discovery Wells 65 53 47 27 23 10 13 Success Ratio 68% 71% 73% 82% 70% 67% 59% Source: SKK Migas, 20
Slide 9: KRUH: Producing Cash Flow Positive Asset
DRAFT KRUH: Producing Cash Flow Positive Asset Stable cash generating oil asset, with 18 new wells planned to increase production significantly Contract Type Joint Operation Partnership (KSO) Fiscal Terms Cost Recovery Contract Renewal Effective Date May 22, 2020 Contract Expiry Date May 2030 Partic
Slide 10: KRUH: Drilling Program 2022
DRAFT KRUH: Drilling Program 2022 Drilled 3 consecutive Oil Discoveries: 100% Success Rate ! 10
Slide 11: KRUH: Single Well Economics
DRAFT KRUH: Single Well Economics HISTORICAL WELL DATA OPERATING INDICATORS & ASSUMPTIONS Location Kruh Block, South Sumatra Well Depth – TVD Average 3,300 feet Number of wells drilled 29 wells Oil Realization Discount 0% Production Operation Cost per Bbl Average 1st Year Daily Production 136 BOPD $
Slide 12: CITARUM: Derisked ~1 Million Acre Property
DRAFT CITARUM: “Derisked” ~ 1 Million Acre Property INDONESIA INDUSTRY Proven hydrocarbon presence located 16 miles from Jakarta, a metropolitan area with large & growing gas demand and established gas pipeline infrastructure network Producing O&G Fields in Northwest Java Basin Block CITARUM Contrac
Slide 13: CITARUM: A Proven Hydrocarbon Opportunity
DRAFT CITARUM: A Proven Hydrocarbon Opportunity From 2009-2016, over $40M was invested in Citarum by previous operator Pan Orient Energy Corp (TSXV:POE) POE drilled 4 wells and discovered natural gas and gas flow from each well Pasundan-1: Cataka-1: Jatayu-1: Geulis-1: Gas depth Gas depth Gas depth
Slide 14: CITARUM: Appraisal & Development Program
DRAFT CITARUM: Appraisal & Development Program 3 Year Exploration & Appraisal Program First Priority: Confirm the Value of the Block by Proving Reserves and Monetize the Asset through Production and Sale of Gas Year 1 2 3 Citarum 3 areas division map: I. Jonggol; II. Purwakarta-subang; and iii. maja
Slide 15: Potential Additional New Block – Rangkas Area
DRAFT Potential Additional New Block – Rangkas Area An onshore area of 981,008 acres adjacent to Citarum block with a proven petroleum system Location Area • Proved hydrocarbon generating province by the numerous oil/gas seeps within the Rangkas block • Occurrence of Eocene-Oligocene-Miocene Source,
Slide 16: Executive Team
DRAFT Executive Team IEC’s executive team is built to capture opportunities in Indonesia and execute projects with excellence Chairman & Chief Executive Officer Dr. Wirawan Jusuf President Frank Ingriselli • Co-founder and founding Chairman of the board of directors • Seasoned leader and entrepreneu
Slide 17: Board of Directors
DRAFT Board of Directors IEC’s board of directors is built to capture opportunities in Indonesia and execute projects with excellence Director Mochtar Hussein Director Michael L. Peterson • Rich experience in fields of investigative auditing, compliance and corporate • A highly qualified financial e
Slide 18: A Commitment to Driving Results
DRAFT A Commitment to Driving Results 2022 Operating Plans to Create Long-Term Shareholder Value • Drill Approximately 4 producing Wells on Kruh Block by end of 2022 • Initial Production from each Well Estimated at 100 BOPD • Company Goal to be Cash Flow Positive in 2022 • Conduct Appraisal & Develo
Slide 19: Thank You
THANK YOU 19