Indonesia Energy to Present at H.C. Wainwright 26th Annual Global Investment Conference

Rhea-AI Summary

Indonesia Energy (NYSE American: INDO) announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference on September 10, 2024, at 3:30PM EST. President Frank Ingriselli will present an update on the company's recent activities and future plans, including:

• Recently completed 3D seismic program
• Anticipated continuous drilling program for Kruh Block
• Planned development operations for Citarum Block, with over one billion barrels of prospective oil-equivalent resources

The presentation will be held at the Lotte New York Palace Hotel and will be available for replay on IEC's website for 30 days. Ingriselli expressed enthusiasm about discussing their world-class assets and strategic plans to maximize investment returns and grow shareholder value.

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 American: 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 planned development operations for its Citarum Block which has prospective oil-equivalent resources of over one billion barrels.

H.C. Wainwright 26^th Annual Global Investment Conference

Date: Tuesday, September 10, 2024

Time: 3:30PM EST

Place: Lotte New York Palace Hotel, 455 Madison Avenue, New York, NY

The presentation will also be available for replay at IEC’s website for 30 days at: 
https://ir.indo-energy.com/events-and-presentations/

Mr. Frank Ingriselli, IEC's President, commented "We look forward to returning to the H.C. Wainwright Conference so that we can discuss our recently completed 3D seismic operations along with our future operational and development plans for both the Kruh Block and the Citarum Block. We believe we have world class assets that should contribute to the Company’s strategic plan to maximize returns on our investments and grow shareholder value.”

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 and related statements of 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, when used in the preceding discussion, 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 other than those of historical fact, about an action, event or development, are forward-looking statements. 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 risks, uncertainties, and other factors, many of which are outside of the IEC's control, that could cause actual results (including, without limitation, the anticipated benefits of the amended Kruh Block contract as well as the results of IEC’s exploration, drilling and production activities and the impact of such contract and activities on IEC’s results of operations) 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 SEC filings, with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC's website, www.sec.gov. 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

When and where is Indonesia Energy (INDO) presenting at the H.C. Wainwright Conference?

Indonesia Energy (INDO) is presenting at the H.C. Wainwright 26th Annual Global Investment Conference on Tuesday, September 10, 2024, at 3:30PM EST. The presentation will take place at the Lotte New York Palace Hotel in New York City.

What topics will INDO discuss in its presentation at the H.C. Wainwright Conference?

INDO will discuss its recently completed 3D seismic program, anticipated continuous drilling program for the Kruh Block, and planned development operations for the Citarum Block, which has prospective oil-equivalent resources of over one billion barrels.

How long will INDO's presentation be available for replay on their website?

INDO's presentation at the H.C. Wainwright Conference will be available for replay on the company's website for 30 days following the event.

What is the potential resource size of INDO's Citarum Block?

According to the press release, INDO's Citarum Block has prospective oil-equivalent resources of over one billion barrels.