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

Core Insights - Indonesia Energy Corporation (IEC) is set to hold an investor update conference call on January 21, 2025, to discuss future drilling and development plans, including a new reserve report and corporate branding initiatives [2][5] - The estimated ultimate recovery (EUR) from the Kruh field is projected to increase by over 30%, while reserves are expected to rise by over 40% due to a recent 3-D seismic program and a five-year extension of IEC's government contract [3][6] - IEC's Citarum Block has prospective oil-equivalent resources exceeding one billion barrels, with plans for further development in 2025 [4][7] Company Developments - The conference call will feature IEC's President Frank Ingriselli and other management team members, providing updates on the Kruh Block's 3-D seismic program and drilling plans [3][6] - The recent contract extension with the Indonesian government has increased IEC's after-tax profit split from 15% to 35%, representing a more than 100% increase [6] - IEC is focused on enhancing shareholder value through its strategic projects in Indonesia, particularly in the Kruh and Citarum Blocks [7][8]