Before I begin, please note today's question and presentation to questions and answers contain forward-looking statements about Indonesia's future that are made under the Safe Harbor provisions of the applicable U.S. Federal Securities Law. You are cautioned that actual results, including without limitation, the results of our drilling activities on the Kruh Block, our exploration activities on the Citarum Block, and other matters relating to our future operations and industry or market trends may differ materially and adversely from those expressed or implied by forward-looking statements I make today. Important risks and other factors that could cause actual results to differ from those in our forward-looking statements are contained in our filings with the SEC, including our annual report, which you are encouraged to review along with our other SEC filings. These filings and replay of our presentation may be available on our website if that is possible to rebroadcast. Thank you, and let me just begin now. Sorry about the delay in getting this going. We had some exciting news just the other day that our K-29 well reached its total depth, and in the oil zone we had good quality oil. In fact, the perforation gun that was put into the well, as we took it out, was seeping oil and bleeding oil out of the perforation holes. This is the first time that has happened in the four other wells that we drilled for Indonesia Energy. So we are very excited about that. What happens now is we have put a pump jack, is being installed presently on the well, and within two weeks we will know what some of the results are. One of the things we are going to do differently this time is in the past we did a little bit of fracturing work to get the production to come up to a good level. What we see here now is potentially a very good natural flow. So we are going to start the well just with a natural flow and see if we can delay doing any fracturing in order to get the maximum production. So this will take about two weeks. We will get that information out to you. One thing that probably I am sure most of you know, Indonesia, just to give a little background on Indonesia, and I will talk about the well a little more and what our future plans are. But for those who are joining new, don't know much about Indonesia Energy. Indonesia is the fourth largest country in the world. You have got India, China, U.S., Indonesia. It has been growing at a clip of over 5% GDP over the last dozen years. It has got a demand for energy that is increasing about 5%-6% every year. It is a country that is the number one economy in Southeast Asia, or number one, seventh largest economy in the world by GDP growth. The demand is exploding in the country. It expects to move from seventh in the GDP in the world to moving up into the top five within the next decade. That is one of their plans going forward. But I encourage everybody to go to our website. In our website, please go to see our presentation. What is exciting in that presentation is one slide we have, which is called our single well economic slide. So I encourage you to look at that. What we tell you there is so much information about the economics of these wells, and in particular the K-29 well that we just completed drilling. That well, as we show in the bottom corner of that slide, at the current oil price, which is around $95 on Brent, we show an analysis of it at $80. When you look at that at $80, I've got that slide right here, which is quite interesting. This is the slide that you're going to look at. Down here in the Let me see here. I'm looking backwards here. On the left-hand corner, it'll tell you about what kind of cash flow we should receive if everything goes right from this well. If we're at about 125 bbl of oil per day at $80 a bbl, so significantly less than what we are right now, the net cash flow coming from that well will be about $2 million. Putting that in perspective, the well we just drilled, this K-29 well, cost us about $1.8 million to drill. Just think of that. You pay $1.8 million to drill this well, and at 125 barrels of oil per day at $80 a bbl, which is significantly below the current price for Brent, we've returned more than 100% of what the cost is to drill that well. These are great cash flow wells. You add that into our current production, which is about 150 bpd, you're basically doubling the production of the company. You're doubling the cash flow of the company, and should march us, especially as the rig has now been mobilized and is moving over to the WK-5 well site. It's moving over there, and we should start drilling there in the next several weeks. Probably within two to four weeks, we'll be drilling over there. We'll give information about that well going forward. If that well has the kind of success that we're hoping for in the K-29 well, as we go and start production there, now you're talking about 125 bbl of oil per day like this graph shows you. Now you're doubling that back up. If you look at what our cash flow, you look at what the spend of the company is, what the cost is to run our company. We have a very good possibility to be cash flow positive in the company, certainly above cash flow even as a company. It's an exciting time. I know everybody has been anxious to see us drill a well. There have been a lot of complaints that we haven't gotten the well drilled yet. It's been operating in a place like Sumatra, where this 63,000-acre block is not an easy task. You're challenged by weather conditions. You're challenged by government processes to get approvals to drill. Just a multitude of issues that we've been able to maneuver and been able to finally get this well drilled. Look at the tragedy taking place in Nepal right now with all that just horrendous loss of life. As we reported before, we had significant storms in Indonesia that wiped out roads, completely washed out roads to enter where our rig is. We had to go in there and reconstruct roads, and then they get washed out again. These are issues that we're constantly inundated with, but we found a way to get there, to drill this well, and now we're going to see the results happening from this well. Some questions about our Citarum Block. We've talked about looking at a partnership with another company. We're now considering that, you know what, maybe the best strategy will be we will go ahead and drill that first well there. We did a geothermal, geochemical survey there not so long ago. Took about 135 soil samples, used a firm in Denver to analyze those, and the results of that has told us that we can bypass doing any seismic work there and go right into a drilling campaign. Look for that. Look for us to do it on our own, possibly the first well. Just like in real estate. If you've got some empty property, it'll be a lot more valuable if you put a house on it. That's what we're doing. We're putting a well on that Citarum Block and that's the big upside for the company. I'm going to go ahead and I know that some people want to ask some questions. I'm going to go ahead and see if we've got some questions from people here that want to ask me questions about this. Let's see. "Nice meeting. I'm an INDO stockholder, over 13,000 in Korea. I'm waiting for three years." I don't know exactly what that means. Let me go ahead and I'm going to go ahead and keep seeing if other people want to go ahead and ask some questions in here. Okay. "How will you fund the gas well project?" That's a good question. We do have cash on the books right now. One thing with our company is we have no debt. No debt in the company. We have cash. We have an ability to raise more cash without going out and signing up an investment bank to do some kind of an offering that would provide some discount to the current marketplace. We're not planning to do that. We plan to go ahead and self-fund this well. Partners, yeah, there are partners. We have some partners that want to join us, but we can get a better price if we go ahead and drill well number one. Yeah, there have been partners from Japan and the U.S. and in China that are looking to join us in this deal. Yeah, we're going to look at doing this ourselves. "We heard about the company funding natural gas pockets or something. Can you elaborate on that?" In our Citarum Block, previously that company was held by a firm called Pan Orient Energy Corp., a Canadian company that was on the brink of bankruptcy, was taken over by somebody else. They lost that interest in Indonesia. We took it over through a competitive bid, and we now have that block. However, they drilled four wells, spent $40 million, had four discoveries. With this geochemical survey we just did, we've high picked two locations where we want to drill parallel to the current discoveries. That's what we're going to do. We're going to drill on one of those two locations. Natural gas prices in Indonesia are 3x what they are here in the U.S. So you've got a great natural gas price environment in Indonesia. This is going to be the big upside for the company and that's what we're planning to do, is parallel drill to where two of those four discoveries made by the Canadian company are. "What's the expected timeline on date on WK in terms of spud?" We'll get something out there exactly the time. They've got to move right now to the next location and taking, as I mentioned, with these roads that we reconstructed, it's going to take a little while for that rig even to move several kilometers away, which it will. So I'm going to say that within the next two weeks or so, that rig will start reconstructing there, because I got to take it apart to move it to the next location and mobilize it in the next location. Somewhere between two to four weeks, that well will be ready to start to drill. I'll be going out there and joining with some of the other executives in the company and look at our current production, and then also going there. When to start the next well? What is the expected timeline on the spud? I did that. The barrel of oil per day of this well is expected at 125. That's what we're hoping it'll be, at about 125 bpd. But we can't make that prediction yet until we start to produce. But at 100 bpd at current price, we'll be earning over 100% rate of return on the well. So, we'll see what the barrels of oil per day. We use that as a measuring point to do an analysis. So what it is, you could extrapolate, again, go into our presentation, look at that slide, and it'll tell you a lot there. It'll even show you the decline rates month by month. If you were at 125 bpd, what the decline will be as we go forward on that well. Given that the perforation gun showed natural gas well, K-29 flow naturally to the surface well and artificial pump jack being installed. A pump jack is being installed, so it will be pumping the oil out that way. But I think that's all that'll be necessary. We're hoping that the natural production coming from there will not require, at first, a frack job. But we want to analyze that so that sometimes it's the timing that will give you the most economically efficient return on a well. So that's what we're planning to do. So, we'll see what that production rate starts with, and if we see that it needs a frack, we'll do the frack. So that's what our plans are at the present time. What is the expected product capacity of the well? The oil out of there is a very good quality oil. From experience in that Sumatra crude from our other four wells that are producing, we have good Sumatra light crude that gives you the price of Brent. We are getting paid at the price of Brent minus a small discount for transportation. The way that works is the government comes on in, they take our oil from the storage tanks we have, and we sell directly to the government company, Pertamina, there at the price of Brent with a small discount, and we get paid in U.S. dollars. When we get paid in U.S. dollars, of course, they have got 30-day terms to pay us. You have got to wait till the tanks get filled up. There is always a lag from when we start to produce, probably 60 days from that before we see cash into the bank. Let's see. Cheapage, "Could you please tell us about your governance organs? I would like to understand what are the main actors in INDO and their responsibilities and missions." The organization is, I am the President of the organization. I represent the company here in the U.S. We have got Dr. Wirawan Jusuf is the CEO of the company, and he is sitting there in Indonesia. He was the main founder of the company. Him and our Chief Investment Officer, James Huang, together put in about $40 million of cash to start the company. Then we have got our Chief Operating Officer, Mirza Said, and we have got Charlie Wu, who is the Chief Technology Officer of the company. Then we have got a board of directors. We have got two people that have been with me in some of my other startups. Mike Peterson, who is the financial expert on the board, and he is here in the U.S. We have got Greg Overholtzer, is the Chief Financial Officer. He is here in the U.S. in the same town as I am in. That is the makeup of the organization. We are a New York Stock Exchange-listed company, INDO. What is the viscosity of the oil, sweet, sour? It is sweet oil, kind of like a typical Sumatra light. Just look at what you are getting for the price of Brent, which is a very high value oil. As I mentioned, with a small discount, maybe 5% discount to that for transportation services. You spoke on a constant battle fixing roads due to weather and environment conditions. Does the company have a concrete plan or effective way to prevent further repetitive issues? We do. We realize now that we have got to be prepared to build and surface our own roads. That, of course, adds some cost. Again, the weather conditions, even if we had our own roads, still in the drilling location itself, if the weather is not conducive, we have got to wait. We are always going to be faced with environmental and weather issues in the area. We are at the mercy of Mother Nature and, hopefully we will be able to get in before the real rainy season starts, get in and be able to drill, I am sure, this WK-5 well starting in the very near term. What are your thoughts on WK-5 being quite a bit deeper than your other wells? Will this impact the process in any other way with extra time to drill? Now, the time to drill these. We've been, by the way, very, very pleased with the drilling rig we just used. Basically it was 30 days from starting to turn the bit to bottom total depth. It's a much more powerful rig than we used before, and that was very beneficial for us. It's not going to add. If we're drilling another several hundred feet deeper, it just adds a few days. It's really not significant. That WK-05 well will not be any much different, and the total depth of that won't be much different than this next well. What is the schedule for the next 30 wells? Do you plan to track credit line to ramp up drilling? Well, right now we're going to drill by 2028. If I have the right date here. Yeah. In the next three years, we expect to drill 16 more wells. So these two, the K-29, the WK-05, and then 16 more wells over the next three years. 16 wells there. The cash flow coming from these wells and our access to our ATM facility, which has negligible impact on the company and the share price, without doing discounts to current market price or anything like that. We should be able to fund those wells, just self-fund those wells with the cash flow coming from. As we keep drilling these wells, we'll have enough cash flow to keep drilling these wells. So, that's the plan on those. What is the schedule for the next 30? Okay, I think I answered that. Can you disclose any information regarding potential partnerships for the gas field development? And what is the current stage of negotiations? We've had discussions with other parties and we've made a decision. We're going to drill this next well on Citarum ourselves. We're going to go and do it ourselves. We'll have a way to get enough cash to do that without diluting the company. If there's any finance, it'll be an accretive financing. So that's our plan on drilling the first Citarum well. So that's what's planning to take place coming up. Any information on potential partners in Indonesia? What is your current target date for the company to achieve true net profitability? Well, our target date for the company to achieve true net profitability will of course depend on what the production rates will be on this current K-29 well and then WK-05 well. But if you used, and I'm not making this prediction, this is what's going to be. But if you looked at that slide and you looked at 125 bpd at $80 a barrel, you see that our net cash flow is $2 million for a well. And it's the same on WK-05. That's $4 million. That combined with the current cash flow we have and what the burn rate is in the company, puts us into a cash flow positive, into a profitability position. However, I'm not predicting that's what's going to happen. We don't know until we get the barrels of oil per day coming from those wells. But if that's what those wells produce and you do the math, that's what happens. Okay, so, that's been out there and what hasn't been out there is the drilling of these wells. So it got delayed. We did our 3D seismic, which I think was a very smart thing to do. We have high-graded the locations of these two wells, so we expect these wells to do well. But I have been 45 years in the oil and gas industry, and you never have 100% certainty in anything you do. Am I optimistic? Yes. You always have to be in the oil and gas industry. But we have found oil in this K-29 well. It seeped right out of the perforation gun. We are getting ready to start our production and we will see where that production rate is. But what is good is in our back pocket, we can jump on in there and do what we have done before, a fracturing job. Hopefully, and fingers crossed, that brings us to that very healthy barrel of oil per day rate. We get that cash flow and get the company profitable sooner than later. Congratulations on K-29. Based on the data you have, when do you expect to provide an initial estimate of K-29 sustainable production rate? Okay, good question on that. In two weeks we will be able to tell in a couple of weeks what the sustained production rate for K-29 is. We should have that then, and we will release that. Sales delivery. Okay, what is the firm timeline for commercial sales delivery to Pertamina from K-29? Let us say in a couple of weeks we start that production rate. We fill up the tank with production. Pertamina comes in. They start taking the oil from there. Then in 30 days from about that time, we start to see cash flow into our bank. I would say around 60 days from now or so, we could start to see some cash coming into the company. That is October, November, December. You are talking the fourth quarter of this year, cash flow should start coming in from that well and maybe a little bit from WK-05 if that is a successful well. We will see the cash flow coming there. Again, we get paid from Pertamina in U.S. dollars. We get paid basically at the price of Brent, which is in the mid-90s right now. It is in U.S. dollars with just a small discount, about 5% or so for transportation costs. Considering all moving parts required, it is not every day an oil company strikes oil. This well means INDO will see a positive 20. Yes, we are very positive in 2027. If these wells work as we expect, when you again look at that single well economics page, a financial analyst could go right in there and figure out what our revenues will be, what our net cash flow will be, what our decline rates are, what our production should be with drilling no wells, say in 2027. We will drill wells in 2027. But even without drilling any wells, they can tell with the decline rates, everything that is in that slide. They can see what our revenues will be, what our net cash flow will be, what our decline rate is on these wells. It is all there. It is all out in front of everybody. What is the firm timeline for first commercial sales delivery to Pertamina? Again, first commercial sales will be within 30-60 days. Right after we fill up that tank. We've got a few tanks. They're storage tanks. Right after we fill up them, they'll start to offtake that oil. A thing to note is Indonesia is short on oil. It imports oil. It imports natural gas with LNG. They're paying $14 an MMBtu. We really want to get that gas project going also. Indonesia is growing at that clip I mentioned of 6% a year. They need the oil. They'll be offtaking it. Of course, we're a very small number. It prevents them from having to import that much more oil from other countries. That's it. If you had to give one reason to convince me to become a shareholder and what you set apart from the other small oil caps listed in the U.S.? I think where we are is, again, we're in Indonesia. I think we've got a great management team. We're in a great country. That country has a rich history, 100 years of oil and gas production. My old company, when I left Texaco in 2001, I was president of Texaco Technology Ventures. The number one producing asset in Texaco's portfolio in the world was in Indonesia. For Chevron, which took over Texaco, the second-biggest asset for Chevron in the world was Indonesia. We were producing 1 million bpd. That's why I joined Indonesia Energy, the twilight of my career here right now at 72 years old. It's a great country to work. They know how to work in the oil and gas industry. They have contracts, legislation, tax structures, financial structures, everything that works seamlessly in terms of transparency and forthrightness and honesty and openness in terms of operating in that country. By the way, all the contracts are in English. It's a country that's growing. It's a number one economy in Southeast Asia. By buying into Indonesia Energy stock, you're buying into a company, an entrepreneurial company that's just getting started. We got delayed a bit. I'm sorry that happened. Now we started to drill. We're drilling again. We're going to do a continuous drilling program. We've got this big block, this big natural gas block that could be much more significant than our Kruh Block. By the way, that Citarum Block, the size of it is 15 x the size of Manhattan Island. It's only about 15-20 mi from the capital city of Jakarta. All the industrial customers there, pipelines are there already in existence. We're sitting there in a fantastic spot. That's the huge billion barrel equivalent value of an asset potentially for the company. Right now we're going to keep drilling in that Kruh Block, produce that cash, get the company cash flow positive as soon as we can. That's my reason for investing in the company. Let's see. What is the internal estimate for Citarum's total prospective gas resources? That's a good question. We have a prospective resources for Citarum about 7.4 trillion cu ft of natural gas. We have 31 prospects on that block. Eight priority prospects, which together those eight priority prospects have 3.5 trillion cu ft of potential resources. So big opportunity there in Citarum. The updated Kruh development plan projects $222 million in future net revenue, and the market cap is only around $40 million. How soon do you expect the market to price in the 300% cash flow increase? Well, I cannot make predictions on when the market will recognize the true value of the company, but it is always kind of anticipates future value. Hopefully now that we finally delivered on our promise to start drilling and to start drilling aggressively, I am hopeful that the marketplace recognizes the trapped, I will call it the trapped value as George here pointed out. There is a trapped value in Indonesia Energy, and that trapped value is these 16 more wells or 7 if you count WK-5. 17 more wells we are going to drill over the next three years and potentially more as we move forward. We already applied for environmental permits for 30 more wells. We are going to keep drilling those. That will bring a lot of cash flow and value and hopefully bring that, as you mentioned, that the development plan has a $222 million value in future net revenue. We are going to keep trying to deliver on that and we are hopeful the marketplace picks up on that. Looks like the questions are starting to diminish. Sorry we got started in a little late start here, but we will do this again very soon. I will put something out here and maybe when we get what our sustained production rate, I will do another one of these so people can ask more questions and we will start it on time. Okay? Thank you, everybody, and I am going to end this stream right now. Thanks. Bye-bye.