Indonesia Energy Corporation Limited
New York Stock Exchange ArcaCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Wirawan Jusuf
- Full Time Employees
- 39
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- GIESMART PLAZA Jakarta JK Indonesia 12780
- IPO Date
- Dec 19, 2019
- CIK
- 0001757840
- Website
- indo-energy.com
- Similar Companies
- Business
- Indonesia Energy Corporation Limited is an independent oil and gas exploration and production company primarily operating in Indonesia, with headquarters in Jakarta and a representative office in Danville, California. The company focuses on the development and production of crude oil, predominantly from the Kruh Block, a 63,000-acre producing asset located onshore in South Sumatra, Indonesia. It also holds exploration rights to the Citarum Block, an approximately 195,000-acre onshore exploration area in West Java, and has identified potential exploration opportunities in the Rangkas area. Indonesia Energy’s product portfolio centers on crude oil sold mainly to the Indonesian domestic market, primarily through Pertamina, with ongoing efforts to increase production through continued drilling and development. Recent company developments include plans to drill two new wells at the Kruh Block in the fourth quarter of 2025 as part of a broader strategy to drill a total of 18 wells in the block, aiming to enhance production volumes and reserve levels. In May 2025, the company announced a 60% increase in proved gross reserves at the Kruh Block, aided by investment in 3D seismic operations and field development. Indonesia Energy also signed a memorandum of understanding with a Brazilian energy company to explore acquisitions and participations in oil and gas or other energy-related assets in Brazil's market, representing a strategic expansion beyond Indonesia. The company completed a private placement in 2022 to raise capital for ongoing operations and growth initiatives. Indonesia Energy operates under production sharing contracts (PSCs) with the Indonesian government for its blocks, focusing on exploration, appraisal, development, and production activities. Its business model relies heavily on crude oil extraction and sales, with plans to support exploration success through advanced seismic surveys and development drilling. The company, founded prior to the 2010s, is positioned within the upstream oil and gas sector, with strategic focus on increasing output and reserves from its existing assets while exploring new resource opportunities domestically and internationally. Recent operational updates include commencement of drilling site preparations, procurement activities, and environmental permit approvals for gas exploration activities at its Citarum Block. Overall, Indonesia Energy Corporation Limited presents a concentrated upstream energy profile with a core emphasis on Indonesian oil fields supplemented by strategic international growth initiatives and operational enhancements aimed at reserve expansion and production optimization.
Company News
Indonesia Energy Discovers Oil at K-29 Well
Indonesia Energy Announces K-29 Well Drilling Has Reached Total Depth and Testing Operations Are In Preparation
Indonesia Energy Corporation Reports Progress on Drilling of K-29 Well
EnerCom Announces SM Energy as a Keynote Speaker at the 31st EnerCom Denver - The Energy Investment Conference, on August 19, 2026, in Denver, Colorado
Indonesia Energy Corporation Commences Drilling of K-29 Well
Indonesia Energy Corporation Commences Drilling of K-29 Well
Indonesia Energy Corporation Celebrates Commencement of Operations on the First of Two Planned Wells at Kruh Block
Indonesia Energy to Present at the Planet MicroCap Conference on Wednesday June 17, 2026
Indonesia Energy to Present at the Planet MicroCap Conference on Wednesday June 17, 2026
Indonesia Energy Corporation Reports Rig was Successfully Lifted and Safety Check Completed and is Still on Schedule for the Drilling of the First of Two Planned Wells at Kruh Block in 2026
Indonesia Energy Corporation Reports Rig Mobilization Complete for K-29 Well, the First of Two Planned Wells at Kruh Block in 2026
Indonesia Energy to Present at the Market Movers Investor Summit On Tuesday May 5, 2026
Indonesia Energy Stock Pulls Back Tuesday: What's Behind Move?
Indonesia Energy (INDO) Stock Soars On Mideast Supply Shock Fears
Comparing Indonesia Energy (NYSE:INDO) and Sundance Energy Australia (OTCMKTS:SDCJF)
Indonesia Energy to Present at 3rd Annual DealFlow Discovery Conference on January 28, 2026
INDO-MIM Qualifies Continuum Powders' OptiPowder Ni718 on HP Metal Jet Systems, Enabling U.S. Production Readiness for Critical Components, Including Suppressors
Indonesia Energy Moves Forward With Two New Wells at Kruh Block, Where Pre-Drilling Operations Have Commenced
Reviewing Mexco Energy (NYSE:MXC) & Indonesia Energy (NYSE:INDO)
Indonesia Energy Signs Memorandum of Understanding During State Visit to Indonesia By Brazilian President Lula da Silva Promoting Energy Cooperation between Indonesia and Brazil