Indonesia Energy Provides Update on its Strategic Vision and Dedication to the Future of Energy Development in Indonesia

Core Viewpoint - Indonesia Energy Corporation (IEC) is committed to evolving its corporate vision to support Indonesia's energy development and sustainable growth, recognizing the need to expand beyond traditional hydrocarbons [2][4][9]. Company Strategy - IEC aims to deliver energy security through oil and gas exploration while evolving its definition of energy to include sustainable and interconnected sectors [3][4]. - The company plans to focus on three main goals: supporting Indonesia's future, efficiently developing its oil and gas assets, and exploring investments in the country's infrastructure [10][14]. Market Context - Indonesia, with a population exceeding 280 million and a growing economy, is on a trajectory to become one of the world's top five economies by 2045, driven by energy, technology, and food security [5][6]. - The government’s "Golden Indonesia 2045" vision emphasizes the importance of energy in achieving economic success [6]. Operational Highlights - IEC has reported a significant increase in proved reserves, approximately 60% in the Kruh Block, and is preparing for drilling operations in the Citarum Block, which has potential billion-barrel equivalent reserves [11].