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Indonesia Energy Priced, NYSE American: INDO

Onshore Indonesian E&P that operates eight wells.

Industry: Energy

First Day Return: -2.7%

Industry: Energy

We are an oil and gas exploration and production company focused on Indonesia. Alongside operational excellence, we believe we have set the highest standards for ethics, safety and corporate social responsibility practices to ensure that we add value to society. Led by a professional management team with extensive oil and gas experience, we seek to bring forth the best of our expertise to ensure the sustainable development of a profitable and integrated energy exploration and production business model. Our mission is to efficiently manage targeted profitable energy resources in Indonesia. Our vision is to be a leading company in the Indonesian oil and gas industry for maximizing hydrocarbon recovery with the minimum environmental and social impact possible. We are a Cayman Islands incorporated holding company and conduct all of our business through our direct and indirect wholly-owned operating subsidiaries in Indonesia. The Indonesian oil and gas industry is among the oldest in the world. Indonesia has been active in the oil and gas sector for over 130 years after its first oil discovery in North Sumatra in 1885. According to its public filings, Chevron has been very active in Indonesia and has produced 12 billion barrels of oil over a 50-year period, with billions of its barrels having been produced in Sumatra (the location of our Kruh Block).
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Indonesia Energy (INDO) Performance