INDO on NYSE
Indonesia Energy Corp Ltd
Indonesia Energy Corp Ltd is a crude petroleum and natural gas company in the Cayman Islands.1
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Last updated Oct 21, 2026.
Overview
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- TickerINDO on NYSE1
- IndustryCrude Petroleum & Natural Gas1
- HeadquartersE91
- Incorporated inCayman Islands2
- Business addressJl. Raya Pasar Minggu No. 17A, Kelurahan Pancoran, Kecamatan Pancoran, Jakarta Selatan, K8 127802
- Filer categoryNon-accelerated filer2
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Gas Law). The Government retains mineral rights throughout Indonesian territory and the government controls the state mining authority.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$2.0M
Out of $2.0M in revenue.4 The company lost money this year.
Financial statements
No quarterly figures reported.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $4.2M5 | $2.0M6 | $2.5M7 | $4.1M8 | $3.5M4 | $2.7M4 | $2.0M4 |
| Operating income | -$1.6M5 | -$7.3M6 | -$6.1M7 | -$4.6M8 | -$3.5M4 | -$5.9M4 | -$4.6M4 |
| Income before tax | -$6.1M7 | -$3.1M8 | -$2.6M4 | -$6.3M4 | -$5.1M4 | ||
| Income tax | $09 | ||||||
| Net income | -$1.7M5 | -$7.0M6 | -$6.1M7 | -$3.1M8 | -$2.6M4 | -$6.3M4 | -$5.1M4 |
| Earnings per share | -$0.285 | -$0.946 | -$0.827 | -$0.358 | -$0.264 | -$0.554 | -$0.354 |
| Earnings per share (diluted) | -$0.827 | -$0.358 | -$0.264 | -$0.554 | -$0.354 | ||
| Shares (weighted, basic) | 7.4M shares7 | 8.9M shares8 | 10.1M shares4 | 11.5M shares4 | 14.7M shares4 | ||
| Shares (weighted, diluted) | 7.4M shares7 | 8.9M shares8 | 10.1M shares4 | 11.5M shares4 | 14.7M shares4 |
No quarterly figures reported.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $12.2M10 | $6.9M5 | $06 | $08 | $04 | $04 | $04 |
| Receivables | $997.7K6 | $468.2K7 | $582.3K8 | $344.3K4 | $343.0K4 | ||
| Current assets | $15.1M10 | $11.2M5 | $3.5M6 | $7.9M7 | $6.1M8 | $6.1M4 | $7.5M4 |
| Property, plant and equipment | $292.5K6 | $201.5K8 | $109.0K8 | $19.7K4 | $42.4K4 | ||
| Total assets | $21.2M10 | $15.6M5 | $12.1M6 | $20.6M7 | $17.7M8 | $21.9M4 | $22.8M4 |
| Accounts payable | $1.6M6 | $719.1K7 | $753.8K8 | $899.6K4 | $596.2K4 | ||
| Current liabilities | $2.7M10 | $1.8M5 | $2.8M6 | $1.2M7 | $1.6M8 | $1.9M4 | $1.5M4 |
| Long-term debt | $2.0M10 | $1.0M5 | $1.0M6 | ||||
| Long-term liabilities | $1.4M6 | $2.0M7 | $1.4M8 | $1.8M4 | $1.6M4 | ||
| Total liabilities | $5.0M10 | $3.2M5 | $4.3M6 | $3.3M7 | $3.0M8 | $3.7M4 | $3.1M4 |
| Retained earnings | -$33.8M6 | -$36.9M8 | -$39.6M8 | -$45.9M4 | -$51.0M4 | ||
| Shareholders’ equity | $16.2M6 | $12.4M7 | $7.8M8 | $17.3M4 | $14.7M4 | $18.2M4 | $19.7M4 |
| Shares outstanding | 7.4M shares9 | 7.4M shares10 | 7.4M shares5 | 10.1M shares8 | 10.1M shares8 | 13.6M shares4 | 15.0M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$439.8K5 | -$5.2M6 | -$3.5M7 | -$3.2M8 | -$3.0M4 | -$3.1M4 | -$5.4M4 |
| Depreciation and amortization | $810.9K7 | $1.1M8 | $702.2K4 | $665.2K4 | $559.9K4 | ||
| Stock-based compensation | $1.3M7 | $526.5K8 | $1.2M4 | ||||
| Capital spending | $09 | $311.6K7 | $1.7K8 | $44.7K4 | |||
| Free cash flow | -$439.8K | -$3.9M | -$3.2M | -$5.5M | |||
| Cash from investing | -$2.8M7 | -$5.4M8 | -$419.5K4 | -$2.8M4 | -$244.0K4 | ||
| Cash from financing | $12.9M8 | $8.4M4 | $6.6M4 |
Corporate structure
Indonesia Energy Corp Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Indonesia Energy Corp Ltd
- MADERIC Holding Ltd Filed SC 13D/A on Indonesia Energy Corp Ltd, latest Jul 20, 2023
- HFO Investment Group Ltd Filed SC 13D/A on Indonesia Energy Corp Ltd, latest Apr 1, 2022 (2 filings since Mar 25, 2022)
- Indonesia Energy Corp Ltd E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Indonesia Energy Corp Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.0M4 Dec 31, 2025 | $1.9M4 Dec 31, 2024 | +2.3% |
| Accumulated depreciation | $1.9M4 Dec 31, 2025 | $1.9M4 Dec 31, 2024 | +1.2% |
| Property and equipment, net | $42.4K4 Dec 31, 2025 | $19.7K4 Dec 31, 2024 | +115.1% |
| Operating-lease assets (leased space) | $834.0K4 Dec 31, 2025 | $881.6K4 Dec 31, 2024 | −5.4% |
| Oil and gas properties | $9.0M4 Dec 31, 2025 | $9.4M4 Dec 31, 2024 | −3.4% |
Investments
Leadership
Who has led Indonesia Energy Corp Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerWirawan Jusuf Mar 18, 2026 to now11
- ChairWirawan Jusuf Mar 18, 2026 to now11
- PresidentFrank C. Ingriselli Mar 26, 2026 to now12
- Chief financial officerGregory L. Overholtzer Mar 18, 2026 to now13
- Chief operating officerMirza Ferrinto Said Mar 18, 2026 to now14
Board members and other officers (7)
- Chief Investment OfficerJames Jerry Huang Mar 30, 2026 to now15
- Board memberMichael L. Peterson Mar 18, 2026 to now16
- Board memberMirza Ferrinto Said Mar 18, 2026 to now14
- Board memberBenny Dharmawan Mar 27, 2026 to now17
- Board memberMochtar Husein Mar 27, 2026 to now18
- Board memberAhmad Fathurachman Mar 30, 2026 to now19
- Board memberJames Jerry Huang Mar 30, 2026 to now15
Timeline
- Mar 18, 2026New chief executive Wirawan Jusuf becomes CEO11
Filings
68 filings to the SEC since October 2021: 5 annual reports, 10 insider forms, 3 large holders, 50 other. The latest 20:
- Oct 6, 20266-K EDGAR
- Sep 24, 20266-K EDGAR
- Sep 2, 20266-K EDGAR
- Aug 31, 20266-K EDGAR
- Aug 13, 20266-K EDGAR
- Jul 29, 20266-K EDGAR
- Jul 8, 20266-K EDGAR
- Jun 18, 20266-K EDGAR
- May 28, 20266-K EDGAR
- Apr 29, 202620-F EDGAR
- Apr 27, 2026424B5 EDGAR
- Mar 30, 20263 EDGAR
- Mar 30, 20263 EDGAR
- Mar 27, 20263 EDGAR
- Mar 27, 20263 EDGAR
- Mar 26, 20263 EDGAR
- Mar 19, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
The 68 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- MADERIC Holding LtdSC 13D/A, 1 filing Jul 20, 202320
- HFO Investment Group LtdSC 13D/A, 2 filings Mar 25, 2022 to Apr 1, 202221
SEC filer profile
How Indonesia Energy Corp Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARIndonesia Energy Corp Ltd1
- CIK0001757840
- Filer statusNon-accelerated filer not an emerging growth company; a shell company3
- Incorporated inCayman Islands3
- Fiscal year endsDecember 311
- Industry code (SIC)1311 Crude Petroleum & Natural Gas1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressJl. Raya Pasar Minggu No. 17A, Kelurahan Pancoran, Kecamatan Pancoran, Jakarta Selatan, K8 127801
- Phone622157688881
- Shares outstanding15,386,840 shares as of Apr 27, 20263
- AuditorMarcum Asia CPAs LLP, Guangzhou, China PCAOB ID 5395; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceNov 19, 20181
- Filings122 in all: 6-K (41), CORRESP (15), 3 (10), UPLOAD (9), 20-F (7), 424B5 (5), EFFECT (4), F-1/A (4)1
All 23 form types
SC 13D/A (4), SEC STAFF LETTER (3), DRS/A (2), DRSLTR (2), F-1 (2), F-3 (2), F-3/A (2), FWP (2), SC 13D (2), 424B1 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), NT 20-F (1)
- Latest filingsAnnual report (20-F) Apr 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary shares, $0.00266667 par value per share | INDO | NYSE American LLC |
From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9
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- 11
- 12SEC EDGARFrank C. Ingriselli, President
- 13
- 14
- 15
- 16SEC EDGARMichael L. Peterson, Board member
- 17SEC EDGARBenny Dharmawan, Board member
- 18SEC EDGARMochtar Husein, Board member
- 19SEC EDGARAhmad Fathurachman, Board member
- 20
- 21