Indonesia Energy (INDO)
Indonesian crude-oil producer with a West Java exploration block.
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Produces crude oil from South Sumatra's Kruh Block under a partnership with Pertamina, while developing the Citarum Block in West Java as an exploration project. Kruh provides all current revenue, making the business dependent on one operating asset and its state-owned counterparty.
Produces crude oil from the Kruh Block in South Sumatra through a Joint Operation Partnership with state-owned Pertamina, which purchases all Kruh crude after accepting its volume and quality. Kruh is the sole current revenue source, while all long-lived assets and operating activity are in Indonesia.
Pursues a second line of work at the Citarum Block in West Java, an onshore exploration project near Greater Jakarta that has not entered production. The operating model combines smaller producing and exploration blocks, supported by leased field facilities and outsourced drilling and oil-field services. Government contracts, required approvals, oil prices, drilling results and Pertamina's entitlement and payment process shape the business; Citarum's production-sharing contract ends if its exploration period concludes without a commercial discovery.
Company facts
Target rangeAs of Sep 2, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $5.5M · Total debt $834.0K · Total assets $22.8M · Shareholders' equity $19.7M
- Revenue
- $943.0K
- Operating income
- −$2.5M
- Net income
- −$2.3M
No dividends on record.
| Institutions8 holders · as of Mar 31, 2026 | 0.83% | 127.9K ADS | |
| Otherremainder | 99.17% | 15.26M ADS |
15.39M ADS as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count is from the company's Apr 2023 annual report; nothing newer is on file here.
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
UBS Group AGInstitution | 0.44% | 66,972 ADS | 13Fas of Mar 31, 2026 |
R Squared LtdInstitution | 0.11% | 17,107 ADS | 13Fas of Mar 31, 2026 |
Two Sigma Securities, LLCInstitution | 0.10% | 15,932 ADS | 13Fas of Mar 31, 2026 |
Thompson Davis & Co., Inc.Institution | 0.10% | 15,300 ADS | 13Fas of Mar 31, 2026 |
Two Sigma Investments, LPInstitution | 0.07% | 10,946 ADS | 13Fas of Mar 31, 2026 |
| See all 10 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
Nothing filed in the last 12 months.
