UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
OF
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of January 2026
Commission
File Number 001-39164
Indonesia
Energy Corporation Limited
(Translation
of registrant’s name into English)
GIESMART
PLAZA 7th Floor
Jl.
Raya Pasar Minggu No. 17A
Pancoran
– Jakarta 12780
Indonesia
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
INCORPORATION
BY REFERENCE
This
report on Form 6-K (“Form 6-K Report”) shall be deemed to be incorporated by reference into the shelf registration statement
on Form F-3, as amended (Registration Number 333-278175) of Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the
“Company”), declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2024 (“Registration
Statement”), and into each prospectus or prospectus supplement outstanding under the Registration Statement, to the extent not
superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Amendments
to Executive Employment Agreements
On
December 29, 2025, the Company entered into a Fourth Amendment to Employment Agreement (the “Ingriselli Fourth Amendment”)
with Frank Ingriselli, the Company’s President. The effective date of the Ingriselli Fourth Amendment was January 1, 2026. The
Ingriselli Fourth Amendment amends that certain Employment Agreement between the Company and Mr. Ingriselli, effective February 1, 2019,
as subsequently amended in 2020, 2022 and 2024, respectively (collectively, the “Ingriselli Agreement”).
Pursuant
to the Ingriselli Fourth Amendment: (i) the term of the Ingriselli Agreement was extended to December 31, 2026, unless terminated
earlier pursuant to the terms of the Ingriselli Agreement; (ii) the pre-tax annual base salary for Mr. Ingriselli will remain at
US$150,000; and (iii) Mr. Ingriselli was granted an award of 30,000 ordinary shares, vesting on July 1, 2026 and subject to a
lock-up period of 180 days from the vesting date. The Ingriselli Agreement will not be subject to renewal without the prior written
agreement of the Company and Mr. Ingriselli.
On
January 1, 2026, the Company entered into a Fourth Amendment to Employment Agreement (the “Overholtzer Fourth Amendment”)
with Gregory Overholtzer, the Company’s Chief Financial Officer. The effective date of the Overholtzer Fourth Amendment was January
1, 2026. The Overholtzer Fourth Amendment amends that certain Employment Agreement between the Company and Mr. Overholtzer, effective
February 1, 2019, as subsequently amended in 2020, 2022 and 2024, respectively (collectively, the “Overholtzer Agreement”).
Pursuant
to the Overholtzer Fourth Amendment: (i) the term of the Overholtzer Agreement was extended to December 31, 2027, unless terminated earlier
pursuant to the terms of the Overholtzer Agreement; and (ii) the pre-tax annual base salary for Mr. Overholtzer will remain at US$80,000.
The Overholtzer Agreement will not be subject to renewal without the prior written agreement of the Company and Mr. Overholtzer.
Except
for the foregoing, no further changes were made to either the Ingriselli Agreement or the Overholtzer Agreement.
The
foregoing description of the Ingriselli Fourth Amendment and the Overholtzer Fourth Amendment is a summary only and does not purport
to be complete and, is qualified in its entirety by reference to the full text of such documents, the forms of which are attached hereto
as Exhibit 10.1 and Exhibit 10.2, respectively, and incorporated herein by reference.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
| |
INDONESIA ENERGY CORPORATION LIMITED |
| |
|
|
| Dated:
January 2, 2026 |
By: |
/s/ Wirawan
Jusuf |
| |
Name: |
Wirawan Jusuf |
| |
Title: |
Chief Executive Officer |
EXHIBIT
INDEX
| Exhibit
Number |
|
Description |
| 10.1 |
|
Fourth Amendment to Employment Agreement, dated December 29, 2025, between the Company and Frank Ingriselli. |
| 10.2 |
|
Fourth Amendment to Employment Agreement, dated January 1, 2026, between the Company and Gregory Overholtzer. |
