Indonesia Energy Corporation Limited (INDO)
AMEX AMEX Primary Summary
Indonesia Energy Corporation Limited Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DH Dinan Hu R Squared Ltd | 17,107 | $50,123.5 | $46,017.83 | -$4,105.67 | -8.19% |
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Indonesia Energy Corporation Limited Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Wirawan Jusuf CEO | AMEX Exchange | G4760X102 CUSIP |
| ID Country | 31 Employees | - Last Dividend | - Last Split | 20 Dec 2019 IPO Date |
Overview
Indonesia Energy Corporation Limited, established in 2018, positions itself as a significant player in the oil and gas exploration and production sector within Indonesia. This organization, based in Jakarta, operates as a subsidiary under Maderic Holding Limited, focusing on the harnessing of hydrocarbon resources across its operational blocks. Its strategic exploration and production activities are primarily concentrated in two key locations: the Kruh Block, a production site with established reserves, and the Citarum Block, which presents exploration opportunities in West Java. Through its targeted operations, Indonesia Energy Corporation Limited aims to contribute substantially to the energy sector, leveraging Indonesia's rich oil and gas reserves to meet both local and international energy demands.
Products and Services
- Kruh Block Operations
- Citarum Block Exploration
Located to the northwest of Pendopo, Pali, in South Sumatra, the Kruh Block spans an area of 258 square kilometers. This producing block is a cornerstone of the company's portfolio, boasting net crude oil proved reserves amounting to 2.06 million barrels. The Kruh Block embodies the company's operational success and expertise in navigating Indonesia's resource-rich landscape, providing a steady stream of crude oil pivotal for the country's energy supply chain.
Onshore in West Java lies the exploration-focused Citarum Block, covering an expansive area of 3,924.67 square kilometers. This block is at the heart of Indonesia Energy Corporation Limited's future growth strategies, providing a promising frontier for oil and gas discovery. The company's exploration endeavors in the Citarum Block signify its commitment to expanding Indonesia's energy reserves, exploring untapped resources with the potential to enhance the nation's energy security and sustain its economic growth.
