印度尼西亚能源公司 (NYSE American: INDO)（“IEC”）是一家总部位于印度尼西亚的石油和天然气勘探和生产公司，该公司今天提供了运营更新，并宣布其占地 63,000 英亩的 Kruh 区块的新 3D 地震勘探作业已经开始。重要的是，IEC 预计，这项地震工作的结果将使 IEC 能够在 2024 年底前在 Kruh 区块钻探新的生产井。

此外，IEC 宣布，IEC 占地 650,000 英亩的 Citarum 区块已获得关键环境许可证，该区块的储量可能超过 10 亿桶石油当量。IEC 获得这些许可证对 IEC 来说是一个重要的里程碑，因为这些许可证将使 IEC 首次在 Citarum 开展有意义的勘探工作。

作为 Kruh 区块的运营商，IEC 的 3-D 地震项目将覆盖 Kruh、North Kruh 和 West Kruh 油田。这项 29 平方公里的高质量地震项目战略性地专注于 Talangakar 和 Lemat 地层的现有已探明储层，以及 IEC 于 2022 年发现的 K-28 井中非常大且有前景的浅层油气区。

新的高质量三维地震数据将能够识别更多已探明未开发储量和资源的位置。这反过来将为 IEC 在 Kruh 区块重新开始钻探作业时确定即将到来的钻探位置的优先顺序铺平道路。新钻探作业的准备工作正在进行中，计划在完成对新三维地震数据的评估后，于 2024 年第四季度钻探第一口井。

IEC 于 2023 年 9 月宣布，其与印尼国有石油和天然气公司 Pertamina 签订的涵盖 Kruh 区块的联合作业合同将延长 5 年，从 2030 年 5 月延长至 2035 年 9 月。Kruh 区块占地约 63,000 英亩，位于印尼南苏门答腊岛陆上。

修订后的联合作业合同的主要条款如下：
- 修订后的合同将 IEC 的税后利润分成从目前的 15% 提高到 35%，增幅超过 100%。
- 此外，鉴于合同期限延长 5 年，修订后的合同预计将使 IEC 在 Kruh 区块的已探明储量增加 40% 以上。 - 此外
，鉴于利润分成增加，IEC 根据其 Kruh 区块开发计划计算的预期净现金流预计将比 IEC 在先前合同下的预期增加 200% 以上。

在 Citarum 区块，IEC 已获得政府环境许可，计划于今年年底或明年年初开始地震作业，并计划于明年开始钻探。根据政府法规的要求，IEC 放弃了其在 Citarum 区块约 35% 的原始土地，但保留了约 97% 的原始潜在资源，目前约有 65 万英亩土地可供钻探。据此前报道，IEC 估计，Citarum 区块的潜在石油当量资源量超过 10 亿桶。

IEC 总裁 Frank Ingriselli 先生表示：“我们很高兴在 Kruh 区块开始新的地震作业，而与印尼政府续签 2023 年合同后，我们的经济效益显著改善。所有这些对我们公司来说都是好兆头，因为我们期待在 2024 年底重新开始在 Kruh 区块进行钻探。我们仍然相信 Kruh 区块是世界级的资产，为了最大限度地提高未来的生产能力，计划在整个 Kruh 区块进行的地震作业应积极利用我们从之前的发现（包括 2022 年的天然气发现）中学到的经验，并确定重新开始持续钻探活动的最佳位置。

”此外，我们现在还推进了潜在的十亿桶当量天然气 650,000 英亩的 Citarum 区块的活动，之前的运营商在那里钻探了几个天然气发现。简而言之，我们从未像现在这样兴奋IEC 的潜力，我们期待继续努力，寻求推动积极的股东价值，”Ingriselli 先生总结道

Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company based in Indonesia, today provided an operational update and announced that new 3D seismic exploratory operations at its 63,000 acre Kruh Block have commenced. Importantly, IEC anticipates that the results of this seismic work will allow IEC to drill new production wells at Kruh Block the by the end of 2024.

Additionally, IEC announced that key environmental permits have been granted at IEC’s 650,000 acre Citarum Block where reserves could potentially exceed a billion barrels of oil equivalent. IEC’s receipt of these permits represents an important milestone for IEC as the permits will allow for meaningful exploratory work by IEC at Citarum for the first time.

As the operator of the Kruh block, IEC’s 3-D seismic program will cover the Kruh, North Kruh and West Kruh Fields. This 29 square km high-quality seismic program is strategically focused on existing proved reservoirs of the Talangakar and Lemat formations, as well as the very large and promising shallow oil/gas zones in the K-28 well discovered by IEC’s work in 2022.

The new, high quality three-dimensional seismic data will enable the identification of additional locations of proved undeveloped reserves and resources. This in turn will pave the way to prioritize the sequence of upcoming drilling locations as IEC recommences drilling operations at Kruh Block. Preparations for the new drilling operation are underway, with plans to drill the first well in the fourth quarter of 2024 after the evaluation of the new three-dimensional seismic data is completed.

IEC announced in September 2023 that its joint operation contract with Pertamina, the Indonesian state-owned oil and gas company, covering the Kruh Block was extended by 5 years from May 2030 to September 2035. Kruh Block covers approximately 63,000 acres and is located onshore on the Island of South Sumatra in Indonesia.

The amended joint operation contract has the following key terms:
- The amended contract increases IEC’s after-tax profit split from the current 15% to 35%, for an increase of more than 100%.
- In addition, given the 5-year extended term of the contract, the amended contract is expected to increase IEC’s proved reserves at Kruh Block by over 40%.
- Furthermore, given the increased profit split, IEC’s anticipated net cash flow calculations based on its Kruh Block development plan are expected to increase by over 200% versus IEC’s anticipations under the prior contract.

At Citarum Block, IEC’s receipt of government environmental permits to commence seismic operations which are planned for late this year or early next year, with plans to also commence drilling next year. As required by government regulations, IEC relinquished approximately 35% of its original Citarum acreage but has retained approximately 97% of the original prospective resources and now has approximately 650,000 acres on which drilling could take place. As previously reported, IEC’s estimates are that the Citarum Block has prospective oil-equivalent resources of over one (1) billion barrels of oil.

Mr. Frank Ingriselli, IEC's President, commented "We are very excited about the commencement of new seismic operations on our Kruh Block enhanced by the significant improvements in our economics from the 2023 contract extension with the Indonesian government. All of this bodes well for our company as we look to recommence drilling at Kruh Block in late 2024. We continue to believe that Kruh Block is a world class asset and, in order to maximize future production capability, the seismic operations planned across the entire Kruh Block should positively leverage what we have learned from our previous discoveries, including our 2022 gas discovery, and determine the best locations to re-start our continuous drilling campaign.”

“Additionally, we have now also moved forward with activities at our potential billion-barrel equivalent natural gas 650,000-acre Citarum Block, where the previous operator drilled several gas discoveries. In short, we’ve never been more excited about IEC’s potential, and we look forward to continuing our efforts as we seek to drive positive shareholder value," concluded Mr. Ingriselli