Indonesia Energy (NYSE American: INDO) on Drilling Plans and 2026 Catalysts

Why It Matters

The imminent drilling and potential partnership on a massive Java gas field could transform Indonesia Energy from a cash‑flow‑negative explorer into a profitable, partner‑backed producer, driving significant upside for shareholders.

Key Takeaways

• Indonesia Energy plans to drill first well by month‑end
• New wells expected to generate positive cash flow immediately
• $3M seismic survey completed to boost production rates
• 200,000‑acre Java gas asset could attract major oil partner
• Investor conference in Las Vegas June 2026 will showcase updates

Summary

Indonesia Energy Corp (NYSE American: INDO) used the Planet MicroCap podcast to outline its near‑term drilling schedule and long‑term value catalysts ahead of its June 16‑18, 2026 investor conference in Las Vegas.

The company completed a $3 million, 18‑month seismic program over its 65,000‑acre Sumatra block, mapping the subsurface of four previously drilled wells. It now plans to spud the first of two back‑to‑back wells by the end of the month, with both wells expected to push the firm into cash‑flow‑positive territory at current oil prices.

President Frank Ingriselli highlighted the 200,000‑acre Java natural‑gas play—roughly fifteen times the size of Manhattan and located 15 miles from Jakarta—as a “billion‑dollar” opportunity that could attract co‑investment from majors such as Chevron or Exxon. He also referenced his past leadership of Texaco’s largest Indonesian asset, underscoring his experience in the region.

If the new wells deliver the projected production and the Java asset secures a strategic partner, Indonesia Energy could see a material re‑rating and stronger balance sheet, making the upcoming conference a key moment for investors seeking exposure to Southeast Asian upstream growth.

Original Description

In this interview, Frank Ingriselli, President of Indonesia Energy Corporation (NYSE American: INDO), shares updates on the company's recent activities, upcoming drilling projects, and strategic assets in Indonesia.

Chapters

00:00 Introduction to Indonesia Energy Corporation

03:50 Recent Developments and Future Plans

Indonesia Energy Corporation Limited will be presenting at the upcoming Planet MicroCap Las Vegas 2026 powered by MicroCapClub. Register to attend here: https://www.meetmax.com/sched/event_130817/conference_home.html

For more information about Indonesia Energy Corporation Limited, please visit: https://indo-energy.com/

The interview may contain forward looking statements about Indonesia Energy Corporation Limited. See Indonesia Energy Corporation Limited's periodic filings with the Securities and Exchange Commission for more complete information.

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 (195,000 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.

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