Indonesia Energy Corp Ltd Chairman and CEO Jusuf Wirawan filed an initial ownership report showing his existing stake in the company. He indirectly controls 5,222,222 ordinary shares held by Maderic Holding Limited, where he is the sole director with voting and dispositive power. He also directly holds 45,545 ordinary shares. In addition, he has options granted under the 2018 Omnibus Equity Incentive Plan to purchase 100,000 ordinary shares at $2.79 per share, fully vested since December 16, 2024 and expiring on December 16, 2029. As of March 18, 2026, these options had not been exercised.
Indonesia Energy Corporation Limited is registering the offer and sale of up to $7,900,000 of ordinary shares in an at-the-market program through H.C. Wainwright & Co. under an existing sales agreement.
The company is using Form F-3 General Instruction I.B.5 limits, which cap primary offerings at one-third of its public float. As of February 4, 2026, the public float was approximately $42,408,438, based on 14,987,474 shares outstanding and 9,023,072 shares held by non-affiliates. This supplement increases the capacity available under the at-the-market agreement while carrying forward a small unsold balance from a prior supplement.
Indonesia Energy Corporation Limited updated the employment agreements of two senior executives while incorporating this update into its existing shelf registration statement. The company signed a fourth amendment with President Frank Ingriselli, extending his contract to December 31, 2026, keeping his pre-tax annual base salary at US$150,000, and granting him an award of 30,000 ordinary shares that vest on July 1, 2026 with a 180-day lock-up period after vesting. A separate fourth amendment with Chief Financial Officer Gregory Overholtzer extends his term to December 31, 2027 and maintains his pre-tax annual base salary at US$80,000. Both agreements will only be renewable in the future with the prior written consent of each executive and the company.
Indonesia Energy Corporation Limited filed a Form 6-K furnishing its latest interim information to U.S. investors. The filing incorporates this update into the company’s effective shelf registration statement on Form F-3 and all related prospectuses, so the new information becomes part of its current offering materials.
The report attaches unaudited condensed consolidated financial statements as of June 30, 2025, covering the six-month periods ended June 30, 2025 and 2024, along with an Operating and Financial Review for the same periods. It also repeats a detailed cautionary statement on forward-looking statements, highlighting risks tied to oil and gas prices, Indonesian government policies, expansion plans including potential opportunities in Brazil, and broader macroeconomic and geopolitical conditions.