Thank you. Welcome everybody, and good afternoon. I'm Frank Ingriselli, President of Indonesia Energy Corporation, traded on the New York Stock Exchange. We picked a symbol that's very easy for Indonesia. It's the first four letters of the name Indonesia, I-N-D-O. We have our cautionary statement. I'll just stay here just for a few minutes here, but give you a little background. The company went public in December of 2019, a direct IPO on a New York Stock Exchange. We drilled post that time. Of course, we rang the opening bell then a few months later on February 14th, Valentine's Day, and immediately thereafter COVID started. That kind of delayed us for a few years. We couldn't get equipment into the island of Sumatra, where we were trying to drill some wells. We got delayed a little bit. After and post that point in time, we drilled 4 successive oil discoveries and a gas discovery on our Kruh Block. I'll describe those two assets that we have and what the Kruh Block is. Of course, we want to be a low-cost, high-value production and development asset company and drive production costs down below $20 a barrel. I get asked a lot of times, What's the break-even point for you at the price of oil? Even though we're trying to get it down, right now our cost to produce all-in is about $30 a barrel. Doesn't mean that at $31 we can be profitable. We're trying to drive that cost down to $20 a barrel. Of course, as we say, you're in the right place at the right time. With unfortunate, there was the Iran war, which elevated oil prices. They've come down quite a bit since that point in time. We are in the right place at the right time because we have some events taking place in about two weeks from now, and I'll get to that. We had some benefits given to us by the government in 2023, which increased our share of oil. As we drill our oil, produce our oil, how much do we get as Indonesia Energy? How much does the government get? We have another block on the island of Java. I'll talk about that. Let me get to the first thing that I think we'll probably have some investors that are listening online or will listen to this post, this live broadcast. We announced a while ago that we needed to drill some more wells. We've been in the process now of trying to pick the best locations because those first four wells that we drilled, we weren't very happy with the results. We were targeting about 100 barrels a day, and those wells maybe started at about 80-100 barrels, but they declined very quickly and didn't quite meet up to the expectations that we were hoping for. We went out and did something boring, which was called 3D seismic, where you kind of shoot explosives into the ground and read the results, and you get the subsurface reflections and can map the subsurface to try to pick the best locations. We took a few years doing that, and we picked two new great locations. We got many more, but this first well, K-29, we've been announcing that it's going to be start drilling. The drill bits start to turn by the end of this month of June. I am happy to say that we announced something about a week ago. We are still on target for that, and we expect by the end of this month that that drill bit will start to turn. After this K-29 well, to give you an idea on timing, because I think everybody is interested in this well and the next well that we are drilling. After the K-29 well, that will take about, let us say, 30 days to complete that well. After that, it will take about 10 days to pack up that rig, move it to the next location, which is a WK-5 well, and that will start drilling at about August 15th, approximate. That will take, again, 30 days to drill. I do not want everybody to hold us to these exact numbers because I see a lot of things in chat rooms that you are missing it by a day, by a week, or whatever. I am giving you the generalization of around when that is going to take place. We should complete this well in 30 days. Start at the end of this month. By the end of July, we should be complete with that well. Hopefully, as we expect, it will be producing a lot more barrels than the 100 that we first targeted. Indonesia, what are our assets? We have got two assets in the company. One is called Kruh, K-R-U-H. That is on the island of Sumatra. The other asset we have got is called Citarum. That one is a natural gas asset onshore, and that is on the island of Java, which is the main island of Indonesia, where the capital, Jakarta, is located. What about Indonesia? It has been growing for the last dozen years at a clip of over 5% GDP growth, except for a little down dip during COVID time. First of all, it is the fourth largest country by population in the world. India, China, United States, then Indonesia. Indonesia has the largest economy in Southeast Asia, number one, and the seventh largest economy by GDP in the world. A major player that most people do not really recognize. I have had a career of 46 years in the industry. I started 23 years at Texaco. I rose up the corporate ladder and became president of Texaco International and president of Texaco Technology Ventures. When Chevron took Texaco over in 2001, Indonesia was the biggest producing asset for Texaco in the world. Number one. For Chevron, it was their second-biggest producing asset in the world. Indonesia, a major player in the international oil and energy industry. Growth or demand, as you could expect, with the economy doing well, it is running at well over 5% per year for demand for oil and natural gas. What companies are there? This is a great slide because you can see almost every major oil company in the world is operating in Indonesia. These are the logos and where they are all located. Let us go back to our Kruh Block. We have got four wells producing. We are not producing a lot. It is costing us about $30 production costs. With this new well that we're drilling, these new two back-to-back wells on this 65,000-acre block, we expect that after well one, we should be cash flow even. Well two, we should be cash flow positive. You could go into our website at indo-energy.com and look at this a little closer, I don't want to get into the details on all this slide here. We did do, as I mentioned, after the four wells, we did this seismic program. Here are some pictures of that. This is the one slide that I always tell people, investors to look at because it really tells the whole story of that one asset of ours on Sumatra Island. What are we going to earn from this next well that we drill? Up there on the top quarter, it tells you it's going to cost us $1.8 million to drill that well. We're going to have a decline rate of 13%. Some people might think that, Oh, that's a big decline rate. Well, it really isn't because the prior company that I founded, PEDEVCO, they're drilling shale wells, and you sometimes can get 50%, 60%, 70% in one year decline rates on those wells. This is a pretty steady and small decline rate. We tell everybody, What are you going to produce? If you start at 100 barrels a day, we go month by month for three years telling you exactly what we're going to produce. For analysts that want to figure out how much we're going to earn, what our earnings per share will be, this gives you the story. At the bottom-left corner, we use production rate of 125 barrels a day. If we had $80 a barrel, which is where we are today, the first-year net revenue will be $3.3 million from that well. The net cash flow after payment to government, everything else, will end up being $2 million in our pocket. Here you got a well, we paid $1.8 million to drill, and we're going to net into our pocket that first year, $2 million. Over 100% rate of return on these wells. Then they'll just keep producing on and on. The Texaco Chevron asset was also on the island of Sumatra, not next to ours, but a similar type of production field. They produced for 50 straight years and produced 13 billion barrels of oil and over $1 trillion of cash flow from that asset. This is a great cash cow. We're hopeful that this next well, our K-29 well, and then our WK-5 well, will produce at these parameters. The second asset that we have is really more of the long-term major growth asset for the company. It's called our Citarum asset. It's 195,000-acre property. It sits on the island of Java, and it's only located about 15 miles from the capital city of Jakarta. 195,000 miles in a perspective, that's about 15 times the size of Manhattan Island. A lot of times I give this presentation in New York, that kind of resonates with people there. You can see a sketch over here on the top right. We're onshore. We're kind of highlighted there in the red shaded areas. We call this a de-risked asset because it is a natural gas asset, but a company, a Canadian company called Pan Orient Corp., they drilled four successive discoveries of natural gas. What happened, though, was, this is maybe eight or 10 years ago, they ran out of money. There was a financial crisis in the energy industry. They went bankrupt, and they had to forfeit their contract to the government. We stepped in in a competitive bid and took it over. This is our asset now. Our first well, which we are hopeful we can drill by the end of this calendar year, will be parallel to one of these big discoveries that they previously made. What about infrastructure? Natural gas is not as easy as oil. You need infrastructure. What we are blessed on that bottom left, you can see a lot of lines there, a lot of them running through our asset. It is very easy for us to tap into a natural gas line and build a very short connector and enable to move that gas. Indonesia is trying to go to a bigger gas mix in their economy. The price of natural gas, because they are importing LNG, is running about double what the gas prices are in the U.S. It is a great opportunity for the company, but this is a mega asset. While it costs $1.8 million for us to drill a well on our Kruh Block in Sumatra Island, the full development plan here will be anywhere between $500 million and $1 billion to develop this asset. What we are doing is I am going around to the relationships that I developed in the past, my old colleagues at Chevron, at Exxon. I was just in Japan with one of the major Japanese companies. We are looking to partner with them, and we are hopeful that we will find some arrangement, some deal where they will disproportionately pay our capital requirements so that we can get to develop this as soon as possible. Our management team, we have our founder, Dr. Wirawan Jusuf. He and another one of our founders, James Huang, on the bottom right. When we started up this company, they put in $40 million of their own capital to get the company going. They still together own about 40% of the outstanding shares, never sold a share. They are long-term holders. They would never sell at the current price because it is very undervalued right now. The rest of the team, we have a lot of international operational experts from Charlie Wu from University of Texas. Greg Overholtzer, our CFO, was with me on my prior startups. The rest of our board, I will point out Mike Peterson. He likewise was with me on my last two startups, a financial expert for the board. We have Marcum as our auditor, and our law firm is EGS Law Firm. We think we are well-placed to have a great board and management team. To finish it off again, we completed that 3D seismic, and now we are ready to start drilling the well, which would be by the end of this month, move that rig, and in August sometime, start to drill our WK-5 second well. We want to do some work on that 195,000 de-risked Citarum Block on the island of Java. Hopefully, we'll commence the drilling of a well by the end of this year. We have a great balance sheet. We got great liquidity in the stock. We average 800,000 shares a day. Great liquidity. We have never had any debt. We've got a fair amount of cash on the books, and we're going to focus on drilling those wells, proving up more reserves, and delivering shareholder value. That's the end of the presentation for the company. Thank you. I'll take any questions if anybody has any questions about Indonesia Energy. Yeah. Assuming that your first two wells that you're drilling come in when you're expecting, how aggressive are you planning on drill programs and what- Yeah, good question. There's probably about a 90-day lag when the production from-- When you finish that well, 90 days later, we'll see cash in the bank. Takes some time to get the well producing, put it into the storage tanks, then sell it to the government company. We sell at the well site. We sell it at the price of Brent, which is the higher ratio price right now, and they pay us in US dollars. The production from those wells should start to help us to self-fund the next few wells. We're hopeful with that. We haven't raised a capital raise in a while. We do have an ATM facility where we can access that and get some extra cash as we need it. For that big asset, that Citarum Block, the $1.8 million to drill a well on Sumatra, about $8 million to drill a well on Java Island. There, we'll need some capital, and that's why we're going to go out to some of these other companies and get capital from them. You know what? If we don't get that, we're going to drill that well because our property will be much more valuable. It's kind of like you just have some vacant land, if you put some construction on it'll become more valuable when we drill that well and have a big gas discovery. That's kind of where we'll start to self-fund these next $1.8 million wells. For that Citarum, we'll have to get some more capital. Thank you. Very good