Indonesia Energy Corporation Limited, through its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 2.63 million barrels located to the northwest of Pendopo, Pali, and South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia. Indonesia Energy Corporation Limited is a subsidiary of Maderic Holdings Limited.
IPO Year: 2019
Exchange: AMEX
Website: indo-energy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2022 | $15.00 | Market Perform → Outperform | Noble Capital Markets |
| 3/8/2022 | Outperform → Underperform | Noble Capital Markets |
6-K - Indonesia Energy Corp Ltd (0001757840) (Filer)
6-K - Indonesia Energy Corp Ltd (0001757840) (Filer)
EFFECT - Indonesia Energy Corp Ltd (0001757840) (Filer)
F-3/A - Indonesia Energy Corp Ltd (0001757840) (Filer)
20-F - Indonesia Energy Corp Ltd (0001757840) (Filer)
F-3 - Indonesia Energy Corp Ltd (0001757840) (Filer)
6-K - Indonesia Energy Corp Ltd (0001757840) (Filer)
6-K - Indonesia Energy Corp Ltd (0001757840) (Filer)
6-K - Indonesia Energy Corp Ltd (0001757840) (Filer)
6-K - Indonesia Energy Corp Ltd (0001757840) (Filer)
Changes come as IEC looks to leverage the exploratory work undertaken in 2023 with a view towards renewing and maximimizing drilling activities in 2024 and beyond JAKARTA, INDONESIA AND DANVILLE, CA, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it has made changes and enhanced the effectiveness of its management team and Board of Directors. These changes come as IEC is laser focused on delivering a new and enhanced development program at its currently producing Kruh Block leveraging the previously announced exploratory work done in 2023 as well as to drive t
Experienced energy industry and finance executive to serve as Chairman of IEC's Audit Committee JAKARTA, INDONESIA AND DANVILLE, CA / ACCESSWIRE / January 25, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that the company's Board of Directors has appointed Michael L. Peterson to the Board. Mr. Peterson will serve as an independent Board member and will also serve as the Chairman of the Audit Committee of the Board of Directors. Mr. Peterson has over 30 years of experience in executive management positions in all aspects of the energy industry and finance industries, having served as
SC 13D/A - Indonesia Energy Corp Ltd (0001757840) (Subject)
SC 13D/A - Indonesia Energy Corp Ltd (0001757840) (Subject)
SC 13D/A - Indonesia Energy Corp Ltd (0001757840) (Subject)
SC 13D/A - Indonesia Energy Corp Ltd (0001757840) (Subject)
Noble Capital Markets upgraded Indonesia Energy from Market Perform to Outperform and set a new price target of $15.00
Noble Capital Markets downgraded Indonesia Energy Corp from Outperform to Underperform
Noble Capital Markets upgraded Indonesia Energy from Market Perform to Outperform and set a new price target of $8.00
Noble Financial downgraded Indonesia Energy from Outperform to Market Perform
President Frank Ingriselli will present on September 10th with Live Weblink and will provide update on development and drilling plans JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced its President, Frank Ingriselli, will be presenting with a live weblink at the H.C. Wainwright 26th Annual Global Investment Conference on Tuesday, September 10 at 3:30PM EST. The in-person venue for the event is the Lotte New York Palace Hotel in New York City. IEC will provide an update on its recently completed 3D seismic program and its anticipat
President Frank Ingriselli Will Present Update on Development and Drilling Plans JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced its President, Frank Ingriselli, will be presenting at the H.C. Wainwright 26th Annual Global Investment Conference on Tuesday, September 10 at 3:30PM EST. The in-person venue for the event is the Lotte New York Palace Hotel in New York City. IEC will provide an update on its recently completed 3D seismic program and its anticipated continuous drilling program for its Kruh Block and also an update on p
Citarum Block operations, where natural gas reserves could potentially exceed a billion barrels of oil equivalent, to commence by end of year JAKARTA, INDONESIA AND DANVILLE, CA, July 16, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company based in Indonesia, today provided an operational update and announced that it has completed the recording of 29 square kilometers of new 3D seismic at its 63,000 acre Kruh Block. IEC will now commence processing and detailed interpretation of the seismic data to optimize the selection of drilling locations in its Kruh, North Kruh and West Kruh fields. Importantly, IEC anticip
Environmental permits granted at Citarum Block, where natural gas reserves could potentially exceed a billion barrels of oil equivalent JAKARTA, INDONESIA AND DANVILLE, CA, June 24, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company based in Indonesia, today provided an operational update and announced that new 3D seismic exploratory operations at its 63,000 acre Kruh Block have commenced. Importantly, IEC anticipates that the results of this seismic work will allow IEC to drill new production wells at Kruh Block the by the end of 2024. Additionally, IEC announced that key environmental permits have been granted a
President Frank Ingriselli Will Present an Update on IEC's Development Plans andthe Positive Impact of the Recent Kruh Contract Extension JAKARTA, INDONESIA AND DANVILLE, CA, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company based in Indonesia, today announced its President, Frank Ingriselli, will be presenting at The Microcap Conference in Atlantic City on January 31, 2024 at 3:40PM EST and again on February 1, 2024 at 10:25AM EST. The in-person event will take place at the Caesar's Atlantic City Hotel and Casino. IEC will provide an update on its previously announced exploratory work done in 2023 w
Changes come as IEC looks to leverage the exploratory work undertaken in 2023 with a view towards renewing and maximimizing drilling activities in 2024 and beyond JAKARTA, INDONESIA AND DANVILLE, CA, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it has made changes and enhanced the effectiveness of its management team and Board of Directors. These changes come as IEC is laser focused on delivering a new and enhanced development program at its currently producing Kruh Block leveraging the previously announced exploratory work done in 2023 as well as to drive t
President Frank Ingriselli Will Present Update on Development Plans and Recent Kruh Contract Extension JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced its President, Frank Ingriselli, will be presenting at the H.C. Wainwright 25th Annual Global Investment Conference on Tuesday, September 12 at 12:00PM EST. The in-person venue for the event is the Lotte New York Palace Hotel in New York City. IEC will provide an update on its development plans for its Kruh Block and its Citarum Block and also the recent contract extension t
Company's Profit Share Increases by More Than 100% Proved Reserves Also Anticipated to Increase Given Extended Contract Term Company Also Provides Update on Development Plans for 2023 and 2024 JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that its joint operation contract with Pertamina, the Indonesian state-owned oil and gas company, covering the Kruh Block has been amended to extend the contract term by 5 years from May 2030 to September 2035. Kruh Block covers approximately 63,000 acres and is located onshore o
Company negotiating for Kruh Block contract extension 2023 new seismic operations seek to maximize returns from the Kruh Block drilling program JAKARTA, INDONESIA AND DANVILLE, CA, March 27, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced updates on its discovery wells drilled in 2022 and its ongoing development activities and plans for 2023 and beyond, including a potential contract extension for its Kruh Block. To maximize the production at Kruh Block, IEC is in the process of conducting a workover of the existing Kruh-21 well, which was drilled in 2015. Regarding the Kru
Kruh 28 also has a potentially significant new gas reservoir Company negotiating for Kruh Block contract extension 2023 new seismic operations seek to maximize returns from the Kruh Block drilling program JAKARTA, INDONESIA AND DANVILLE, CA, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced production updates on its Kruh 27 and Kruh 28 wells. These two back-to-back discovery wells were drilled by IEC during 2022 at its 63,000-acre Kruh Block. Fracture stimulation of the already oil producing Kruh 27 well has been completed, with 80 thousand pounds of proppants havi
Gainers Tellurian (AMEX:TELL) stock moved upwards by 4.6% to $0.68 during Wednesday's after-market session. The market value of their outstanding shares is at $568.6 million. KNOT Offshore Partners (NYSE:KNOP) stock increased by 2.73% to $7.51. The company's market cap stands at $262.3 million. San Juan Basin Royalty (NYSE:SJT) shares rose 2.27% to $4.04. The market value of their outstanding shares is at $188.2 million. Enservco (AMEX:ENSV) shares increased by 2.0% to $0.25. The market value of their outstanding shares is at $6.8 million. Enviva (NYSE:EVA) shares moved upwards by 1.45% to $0.6. The company's market cap stands at $44.6 million. Uranium Energy (AMEX:UEC) stock moved upw
Indonesia Energy Corp's (NYSE:INDO) short percent of float has risen 557.65% since its last report. The company recently reported that it has 266 thousand shares sold short, which is 5.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Shares of Vaxxinity, Inc. (NASDAQ:VAXX) fell sharply during Monday's session after the company announced its intention to voluntarily delist and deregister its Class A common stock. Vaxxinity shares dipped 54.8% to $0.2150 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Matterport, Inc. (NASDAQ:MTTR) shares jumped 184% to $4.93. CoStar Group announced plans to acquire Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion value. NewGenIvf Group Limited (NASDAQ:NIVF) climbed 126% to $1.67 after the company signed a non-binding term sheet for a potential reverse merger with European Wellness Inv
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Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market and individual tickers. Here is a look at the most-searched stocks on Benzinga Pro during March 2023. Year-to-date and 52-week ranges are through the month of March. 1. SPDR S&P 500 Trust ETF (NYSE:SPY) Month End Price: $409.39 52-Week Range: $348.11 to $457.83 YTD Return: +7.5% January/February Search Rank: 1st/1st 2022 Search Rank: 1st The SPDR S&P 500 ETF ranked as the top searched ticker. The interest comes as the S&P 500 rebounds in 2023, interest grows following the index's worst annual performance since 2008, experienced in 2022.
Gainers Barnwell Industries (AMEX:BRN) shares increased by 29.1% to $2.84 during Monday's regular session. Barnwell Industries's stock is trading at a volume of 938.8K shares as of 13:30 EST. This is 2518.7% of its average full-day volume over the last 100 days. The company's market cap stands at $28.2 million. Indonesia Energy Corp (AMEX:INDO) stock moved upwards by 26.41% to $6.03. The current volume of 15.7 million shares is 11029.6% of Indonesia Energy Corp's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $61.1 million. Enservco (AMEX:ENSV) stock rose 21.05% to $0.57. As of 13:30 EST, this security is trading at a volume
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