Indonesia Energy to Hold Investor Conference Call to Provide Update on Future Drilling and Development Plans, Including a Planned New Reserve Report and its New Corporate Logo and Investor Relations Outreach
Indonesia Energy (NYSE American: INDO) has announced an investor update conference call on January 21, 2025, at 10:00 a.m. Eastern Time. This call will provide an update on future drilling and development plans, including a new reserve report and the unveiling of IEC’s new corporate logo and investor relations outreach program.
The call will highlight the results of the 3-D seismic program and the 5-year extension of IEC’s government contract for the Kruh Block. As a result, the estimated ultimate recovery (EUR) from the Kruh field is expected to increase by over 30% and reserves by over 40%.
IEC will also discuss planned development operations for the Citarum Block, which has prospective oil-equivalent resources of over one billion barrels. The presentation will be led by President Frank Ingriselli and other senior management members.
The call will be a media and video interactive Zoom webinar, including a question-and-answer session. Interested parties can register in advance for the webinar. A replay of the call will be available on IEC’s website.
Mr. Frank Ingriselli commented on the significant improvements in economics and reserves, highlighting the increase in after-tax profit split from 15% to 35% due to the 2023 contract extension with the Indonesian government. He also emphasized the potential of the Citarum Block and the company's ongoing efforts to drive shareholder value.
Indonesia Energy (NYSE American: INDO) ha annunciato una conference call di aggiornamento per gli investitori il 21 gennaio 2025, alle 10:00 a.m. Eastern Time. Durante questa chiamata verranno forniti aggiornamenti sui futuri piani di perforazione e sviluppo, inclusi un nuovo rapporto sulle riserve e la presentazione del nuovo logo aziendale di IEC e del programma di relazioni con gli investitori.
La chiamata evidenzierà i risultati del programma sismico 3-D e l'estensione di 5 anni del contratto governativo di IEC per il Blocco Kruh. Di conseguenza, si prevede che il recupero finale stimato (EUR) dal campo Kruh aumenterà di oltre 30% e le riserve di oltre 40%.
IEC discuterà anche le operazioni di sviluppo pianificate per il Blocco Citarum, che ha risorse equivalenti al petrolio prospettiche di oltre un miliardo di barili. La presentazione sarà guidata dal Presidente Frank Ingriselli e da altri membri senior della gestione.
La chiamata sarà un webinar interattivo Zoom per media e video, comprensivo di una sessione di domande e risposte. Le parti interessate possono registrarsi in anticipo per il webinar. Una registrazione della chiamata sarà disponibile sul sito web di IEC.
Il signor Frank Ingriselli ha commentato i significativi miglioramenti in economia e riserve, evidenziando l'aumento della distribuzione del profitto dopo le tasse dal 15% al 35% grazie all'estensione del contratto del 2023 con il governo indonesiano. Ha inoltre sottolineato il potenziale del Blocco Citarum e gli sforzi in corso dell’azienda per aumentare il valore per gli azionisti.
Indonesia Energy (NYSE American: INDO) ha anunciado una conferència de actualización para inversionistas el 21 de enero de 2025 a las 10:00 a.m. Eastern Time. Esta llamada proporcionará una actualización sobre los planes futuros de perforación y desarrollo, incluido un nuevo informe de reservas y la presentación del nuevo logotipo corporativo de IEC y el programa de relaciones con inversionistas.
La llamada resaltará los resultados del programa sísmico 3-D y la extensión de 5 años del contrato gubernamental de IEC para el Bloque Kruh. Como resultado, se espera que el recupero final estimado (EUR) del campo Kruh aumente en más de 30% y las reservas en más de 40%.
IEC también discutirá las operaciones de desarrollo planeadas para el Bloque Citarum, que tiene recursos equivalentes a petróleo de más de mil millones de barriles. La presentación será liderada por el presidente Frank Ingriselli y otros miembros de la alta dirección.
La llamada será un seminario web interactivo de Zoom para medios y video, incluyendo una sesión de preguntas y respuestas. Las partes interesadas pueden registrarse con antelación para el seminario web. Una grabación de la llamada estará disponible en el sitio web de IEC.
El Sr. Frank Ingriselli comentó sobre las importantes mejoras en la economía y reservas, destacando el aumento en la distribución de beneficios después de impuestos del 15% al 35% debido a la extensión del contrato de 2023 con el gobierno indonesio. También enfatizó el potencial del Bloque Citarum y los esfuerzos continuos de la compañía para aumentar el valor para los accionistas.
인도네시아 에너지 (NYSE American: INDO)는 투자자 업데이트 컨퍼런스 콜을 2025년 1월 21일 오전 10시 (동부 시간)에 개최한다고 발표했습니다. 이 전화 회의에서는 향후 드릴링 및 개발 계획에 대한 업데이트, 새로운 매장량 보고서, 그리고 IEC의 새로운 기업 로고와 투자자 관계 프로그램의 공개가 포함됩니다.
이 통화에서는 3-D 지진 프로그램의 결과와 Kruh 블록에 대한 IEC의 정부 계약 5년 연장에 대한 내용을 강조합니다. 이에 따라, Kruh 필드에서의 예상 최종 회수 (EUR)는 30% 이상 증가하고, 매장량은 40% 이상 증가할 것으로 예상됩니다.
IEC는 또 다른 개발 작업 계획을 논의할 예정이며, Citarum 블록은 10억 배럴 이상의 석유 동등 에너지를 보유하고 있습니다. 발표는 회장 Frank Ingriselli와 다른 고위 경영진이 진행할 것입니다.
이번 전화 회의는 미디어와 비디오 상호작용 Zoom 웨비나로 진행되며, 질문과 답변 세션도 포함됩니다. 관심 있는 분들은 웨비나에 사전 등록할 수 있습니다. 통화 녹화는 IEC의 웹사이트에서 확인 가능합니다.
Frank Ingriselli 씨는 경제 및 매장량의 상당한 개선에 대해 언급하며, 2023년 인도네시아 정부와의 계약 연장으로 인해 세후 이익 분배가 15%에서 35%로 증가했다는 점을 강조했습니다. 또한 Citarum 블록의 잠재력과 주주 가치를 높이기 위한 회사의 지속적인 노력을 강조했습니다.
Indonesia Energy (NYSE American: INDO) a annoncé une conférence téléphonique de mise à jour pour les investisseurs le 21 janvier 2025 à 10h00, heure de l'Est. Cet appel fournira une mise à jour sur les futurs plans de forage et de développement, y compris un nouveau rapport sur les réserves et le dévoilement du nouveau logo corporatif d'IEC ainsi que le programme de relations avec les investisseurs.
La conférence mettra en avant les résultats du programme sismique 3D et la prolongation de 5 ans du contrat gouvernemental d'IEC pour le bloc Kruh. En conséquence, il est prévu que la récupération finale estimée (EUR) du champ Kruh augmente de plus de 30% et les réserves de plus de 40%.
IEC discutera également des opérations de développement prévues pour le bloc Citarum, qui possède des ressources équivalentes en pétrole de plus d'un milliard de barils. La présentation sera dirigée par le président Frank Ingriselli et d'autres membres de la haute direction.
La conférence sera un webinaire interactif Zoom pour les médias et les vidéos, comprenant une session de questions et réponses. Les parties intéressées peuvent s'inscrire à l'avance pour le webinaire. Un enregistrement de l'appel sera disponible sur le site web d'IEC.
M. Frank Ingriselli a commenté les améliorations significatives en matière d'économie et de réserves, soulignant l'augmentation de la répartition du bénéfice après impôts de 15% à 35% grâce à l'extension du contrat de 2023 avec le gouvernement indonésien. Il a également souligné le potentiel du bloc Citarum et les efforts continus de la société pour renforcer la valeur pour les actionnaires.
Indonesia Energy (NYSE American: INDO) hat eine Investor-Update-Konferenzschaltung für den 21. Januar 2025 um 10:00 Uhr Eastern Time angekündigt. In diesem Anruf werden Updates zu künftigen Bohr- und Entwicklungsplänen bereitgestellt, einschließlich eines neuen Reservenberichts und der Enthüllung des neuen Unternehmenslogos von IEC sowie des Programms für Investor Relations.
Der Anruf wird die Ergebnisse des 3-D-Seismikprogramms und die 5-jährige Verlängerung des Regierungsvertrags von IEC für den Kruh Block hervorheben. Infolgedessen wird erwartet, dass die geschätzte endgültige Erholung (EUR) aus dem Kruh-Feld um über 30% und die Reserven um über 40% steigen.
IEC wird auch geplanter Entwicklungsarbeiten für den Citarum Block diskutieren, der über ein Potenzial von mehr als einer Milliarde Barrel Öl-Äquivalent-Ressourcen verfügt. Die Präsentation wird von Präsident Frank Ingriselli und anderen Mitgliedern des oberen Managements geleitet werden.
Der Anruf wird ein interaktives Zoom-Webinar für Medien und Video sein, einschließlich einer Frage-und-Antwort-Session. Interessierte Parteien können sich im Voraus für das Webinar registrieren. Eine Aufzeichnung des Anrufs wird auf der Website von IEC verfügbar sein.
Herr Frank Ingriselli kommentierte die signifikanten Verbesserungen in der Wirtschaftlichkeit und den Reserven und hob die Erhöhung des Nachsteuergewinnanteils von 15% auf 35% aufgrund der Verlängerung des Vertrags mit der indonesischen Regierung im Jahr 2023 hervor. Er betonte auch das Potenzial des Citarum Blocks und die fortlaufenden Bemühungen des Unternehmens, den Aktionärswert zu steigern.
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Estimated Ultimate Recovery (EUR) increase of
Webinar Media Interactive Call will be Held on
Tuesday, January 21 at 10AM Eastern Time
JAKARTA, INDONESIA AND DANVILLE, CA, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that IEC senior management will hold an investor update conference call on Tuesday, January 21 at 10:00 a.m. Eastern Time to provide an update on future drilling and development plans, including a new planned reserve report and the unveiling of IEC’s new corporate logo and investor relations outreach program.
As a result of the 3-D seismic program and the 5-year extension of IEC’s government contract for Kruh Block, the estimated ultimate recovery (EUR) from the Kruh field alone is expected to increase by over
Participating on the call from IEC will be President Frank Ingriselli and other members of IEC’s management team.
As part of its presentation, IEC will provide an update on its recently completed 3D seismic program and its current drilling program plans for its Kruh Block, as well as IEC’s plans for a new reserve report for Kruh Block. IEC will also provide an update on planned development operations for its Citarum Block which has prospective oil-equivalent resources of over one billion barrels.
The call will be a media and video interactive Zoom webinar and will include a question-and-answer session. The following are the details on how to join the conference call:
When: January 21, 2025 10:00 a.m. Eastern Time
Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_qTpd6yclThqu8nCjbn9puA
A replay of the call will also be available on IEC’s website at https://ir.indo-energy.com/.
Mr. Frank Ingriselli, IEC's President, commented "We look forward to updating our shareholders and the investment community on our latest activities in the Kruh Block including the completion of our 3-D seismic program our plans to commence drilling and the significant improvements in our economics and reserves resulting from the 2023 contract extension with the Indonesian government which increases our after-tax profit split from the current
“Additionally, we are moving forward in 2025 with activities at our potential billion-barrel equivalent natural gas 650,000-acre Citarum Block, where the previous operator drilled several gas discoveries. In short, we’ve never been more excited about IEC’s potential, and we look forward to continuing our efforts as we seek to drive shareholder value," concluded Mr. Ingriselli.
About Indonesia Energy Corporation Limited
Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (650,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.
Cautionary Statement Regarding Forward-Looking Statements
All statements in this press release, the investor webinar referenced herein and related statements of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, the words “could,” "estimates," "believes," "hopes," "expects," "intends," “on-track”, "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release and the investor webinar referenced herein other than those of historical fact, about an action, event or development, are forward-looking statements. In this press release, forward-looking statements include, without imitation those related to IEC’s future drilling plans at Kruh Block (including the potential for a new reserve report and estimates for ultimate recovery and proved reserves for such asset) and development plans at Citarum Block. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of significant risks, uncertainties, and other factors, many of which are outside of the IEC's control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023, filed on April 26, 2024, and other filings with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC's website, www.sec.gov and IEC’s website at https://ir.indo-energy.com/sec-filings/. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Frank C. Ingriselli
President, Indonesia Energy Corporation Limited
Frank.Ingriselli@Indo-Energy.com
FAQ
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