Indonesia Energy Corporation Limited · AMEX:INDO
Indonesia Energy — Investor Presentation (September 2023)
17 slides from Indonesia Energy's investor presentation, September 2023
Slide 1: Indonesia Energy Corporation Investor Presentation September 2023
NYSE American: INDO indo-energy.com September 2023 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 • NYSE American: INDO (IPO in December 2019) • Raised over $12 million in 2022 and have drilled 4 successive oil discoveries and potential gas discovery. • Low Cost - High Value Production & Development Assets • Kruh Block: 5-year extension an
Slide 4: 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 à significant pipeline in
Slide 5: 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 "Designed by Freepik" Capital Jakarta Source: data.worldbank.org/indicator Worl
Slide 6: 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 7: Oil Majors Continue to Invest Billions in Indonesia
DRAFT Oil Majors Continue to Invest Billions in Indonesia Indonesia Fact: Exploration Drilling Success Ratio 2012 - 2020 Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 Exploration Wells 96 75 64 33 33 15 22 26 28 Discovery Wells 65 53 47 27 23 10 13 8 12 Success Ratio 68% 71% 73% 82% 70% 67% 59%
Slide 8: KRUH: Producing Cash Flow Asset
DRAFT KRUH: Producing Cash Flow 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 September 2035 Participa
Slide 9: KRUH: Drilling Program 2021 - 2022
DRAFT KRUH: Drilling Program 2021 - 2022 Drilled 4 consecutive Oil Discoveries: 100% Success Rate ! Evaluating a New Potential Gas zone ! 9
Slide 10: 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 127 BOPD $
Slide 11: 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 12: 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 13: 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 14: 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 15: 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 16: A Commitment to Driving Results
DRAFT A Commitment to Driving Results Operating Plans to Create Long-Term Shareholder Value • Conduct a 12-month extensive seismic and evaluation program over Kruh Block to maximize returns on investment and drive down production costs to below $20/barrel • Commence continuous drilling program on Kr
Slide 17: Thank You
THANK YOU 17
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