April 8, 2022 - Establishment of PT. Indo Sino Energi

On April 8, 2022, PT. Indo Sino Energi (ISOG) was officially founded, marking the inception of a visionary enterprise dedicated to leading the exploration, production, and distribution of oil and gas within Indonesia. Aimed at harnessing the country's vast hydrocarbon resources through innovative and sustainable methods, ISOG was committed to excellence, environmental stewardship, and contributing positively to Indonesia's energy sector and economy.

From day one, ISOG was poised to significantly impact the industry, focusing on strategic growth, operational excellence, and developing partnerships to enhance its capabilities and reach—the foundation of PT. Indo Sino Energi represented not just the start of a new company but the beginning of a journey toward becoming a pivotal player in ensuring energy security and advancing sustainable development in Indonesia and beyond.

2022 - Foundation and Strategic Planning

• Initial Infrastructure and Strategic Investments: PT. Indo Sino Energi focuses on establishing a robust operational and strategic foundation by investing in essential infrastructure and technological resources for exploration and production activities.
• Strategic Partnerships: Begins forming partnerships and alliances with local and international entities to enhance technical capabilities, operational efficiency, and market reach.
• Talent Acquisition: Prioritizes forming a team of highly skilled professionals, including engineers, geologists, business management experts, and environmental scientists, to drive the company's mission and vision.
• Market Analysis and Opportunity Identification: Conducts comprehensive market analysis and identifies key opportunities in the Indonesian oil and gas sector, laying the groundwork for future exploration and development projects.
• Sustainability Focus: Develop a sustainability framework to ensure that all operations are conducted responsibly, focusing on minimizing environmental impact and maximizing social benefits.

This foundational year sets the stage for PT. Indo Sino Energi will emerge as a forward-thinking player in the energy sector prepared to tackle the challenges and opportunities of sustainable oil and gas exploration and production.

March 2023 - Government Approval for Operatorship

In March 2023, PT. Indo Sino Energi achieved a significant milestone by receiving government approval for operatorship, marking the company's ability to independently manage oil and gas blocks. This crucial endorsement, sanctioned by the ESDM Minister on February 15, 2023, and further confirmed by the Chairman of SKK Migas on March 3, 2023, underscores the trust and confidence placed in ISOG by Indonesia's regulatory authorities. It represents a pivotal step in ISOG's journey, reinforcing its commitment to leading the way in developing, developing, and producing Indonesia's hydrocarbon resources while adhering to the highest standards of operational excellence and sustainability.

Early 2023 - Acquisition of the Wain Production Sharing Contract (PSC)

In early 2023, PT. Indo Sino Energi marked a significant expansion of its operational portfolio with the strategic acquisition of the Wain Production Sharing Contract (PSC) in East Kalimantan. This acquisition, which saw ISOG securing a commanding 90% Participating Interest, was officially approved by the ESDM Minister on February 15, 2023, and the Chairman of SKK Migas granted the operatorship on March 3, 2023. The Wain Block, known for its rich hydrocarbon resources, became a cornerstone of ISOG's asset portfolio, symbolizing its company's strategic vision to enhance its exploration and production capabilities within Indonesia's energy sector.

2018 - Plan of Development (POD) Approval

In 2018, PT had a pivotal moment. Indo Sino Energi was reached with the approval of the Plan of Development (POD) for the Wain Block. This approval set forth a comprehensive roadmap for the block's exploration, development, and production activities, marking a significant step in ISOG's strISOG's operations. Regulatory authorities' endorsement of the POD highlighted ISOG's comISOG'st to a sustainable and systematic approach to harnessing energy resources, affirming the company's responsible and efficient practices in the energy sector. This milestone demonstrated ISOG's opeISOG's environmental planning prowess and solidified its position as a key player in pursuing sustainable energy development in Indonesia.

October 20, 2020 - Gas Sales & Purchase Agreement with Pertamina

On October 20, 2020, PT. Indo Sino Energi solidified a crucial element of its commercial strategy by signing a Gas Sales & Purchase Agreement with Pertamina, Indonesia's energy company. This agreement guaranteed a secure market for the gas produced from the strategically significant Wain Block, aligning perfectly with ISOG's objectives of enhancing Indonesia'Indonesia'scurity and showcasing the company's company's approach to contributing to the national energy mix. The execution of this agreement not only underscored ISOG's commitment to supporting Indonesia'Indonesia'sfrastructure but also demonstrated the tangible results of its strategic planning and development efforts within the country's country's sector.

2024 (Target) - First Gas from Wain Block

• Targeting to achieve the first gas production from the Wain Block by the fourth quarter of 2024.
• This future milestone aims to contribute significantly to ISOG's growth in Indonesia.