Indonesia Energy Corporation (IEC) is a small, independent oil and gas E&P company focused entirely on Indonesia, operating two assets. The Kruh Block in South Sumatra is IEC's only producing asset, operated under a Joint Operation Partnership (KSO) with state-owned Pertamina, averaging roughly 3,200–3,800 barrels of oil per month. IEC sells crude oil to Pertamina at the Indonesia Crude Price (ICP) reference price. Under the KSO structure, IEC recovers operating costs from production proceeds, then splits remaining profit with Pertamina — a 2023 amendment raised IEC's after-tax profit split from 15% to 35%. IEC's second asset, the Citarum Block in West Java, is an exploration-stage block covering ~194,000 acres near Jakarta, held under a Production Sharing Contract (PSC) with the Indonesian government. All four wells drilled by the prior operator found natural gas, but the block has not yet produced. IEC's growth strategy centers on two initiatives: an 18-well drilling program at Kruh through 2030 targeting ~2.4M net barrels of proved undeveloped reserves, and de-risking Citarum for eventual gas sales into the supply-deficit West Java market, where IEC would retain at least 65% of production under a gross-split PSC. IEC funds its drilling program through operating cash flow, debt, and equity issuances. The company's revenue base is small and highly sensitive to oil price movements and production declines.