2023 Q2 Form 20-F Financial Statement

#000149315223015007 Filed on May 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $1.841M $1.765M $4.097M
YoY Change -21.06% 26.48% 67.07%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.189M $3.726M $7.556M
YoY Change -16.75% 38.6% 43.91%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $597.5K $721.7K $1.140M
YoY Change 42.92% 36.7% 40.56%
% of Gross Profit
Operating Expenses $3.786M $4.447M $8.696M
YoY Change -10.88% 38.29% 43.46%
Operating Profit -$4.598M
YoY Change -24.64%
Interest Expense $90.06K -$106.1K -$154.5K
YoY Change -286.04% -356.06% -6907.05%
% of Operating Profit
Other Income/Expense, Net $233.7K $726.3K $1.476M
YoY Change -74.15% -3072.82% 9263.19%
Pretax Income -$1.621M -$2.062M -$3.123M
YoY Change 52.88% -34.56% -48.67%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.621M -$2.062M -$3.123M
YoY Change 52.88% -34.56% -48.67%
Net Earnings / Revenue -88.05% -116.85% -76.21%
Basic Earnings Per Share -$0.35
Diluted Earnings Per Share -$0.16 -$0.21 -$0.35
COMMON SHARES
Basic Shares Outstanding 10.14M shares 8.888M shares
Diluted Shares Outstanding 8.888M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.429M $5.896M $5.896M
YoY Change -9.35% 890.84% 890.84%
Cash & Equivalents $0.00
Short-Term Investments
Other Short-Term Assets $1.443M $1.196M $1.196M
YoY Change -34.49% -33.38% -33.38%
Inventory $156.3K $121.7K $121.7K
Prepaid Expenses
Receivables $542.1K $468.2K $468.2K
Other Receivables $188.2K $186.8K $186.8K
Total Short-Term Assets $6.759M $7.868M $7.868M
YoY Change -22.54% 122.71% 122.71%
LONG-TERM ASSETS
Property, Plant & Equipment $8.653M $201.5K $9.175M
YoY Change 30.92% -96.01% 81.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.300M $1.018M $3.532M
YoY Change -12.92% -70.98% 0.67%
Total Long-Term Assets $11.95M $12.71M $12.71M
YoY Change 14.95% 48.49% 48.49%
TOTAL ASSETS
Total Short-Term Assets $6.759M $7.868M $7.868M
Total Long-Term Assets $11.95M $12.71M $12.71M
Total Assets $18.71M $20.57M $20.57M
YoY Change -2.16% 70.18% 70.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $766.6K $719.1K $719.1K
YoY Change 18.36% -55.17% -55.17%
Accrued Expenses $382.6K $23.95K $279.8K
YoY Change -21.42% -83.35% 94.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.303M $1.217M $1.217M
YoY Change -59.59% -57.06% -57.06%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $1.706M $2.034M
YoY Change -60.58% 365.72%
Total Long-Term Liabilities $1.706M $2.034M $2.034M
YoY Change -60.58% 41.55% 41.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.303M $1.217M $1.217M
Total Long-Term Liabilities $1.706M $2.034M $2.034M
Total Liabilities $3.008M $3.250M $3.250M
YoY Change -60.16% -23.89% -23.89%
SHAREHOLDERS EQUITY
Retained Earnings -$36.94M
YoY Change 9.23%
Common Stock $27.05K
YoY Change 36.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.70M $17.32M $17.32M
YoY Change
Total Liabilities & Shareholders Equity $18.71M $20.57M $20.57M
YoY Change -2.16% 70.18% 70.18%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.621M -$2.062M -$3.123M
YoY Change 52.88% -34.56% -48.67%
Depreciation, Depletion And Amortization $597.5K $721.7K $1.140M
YoY Change 42.92% 36.7% 40.56%
Cash From Operating Activities -$1.332M -$148.2K -$3.208M
YoY Change -56.48% -92.25% -9.6%
INVESTING ACTIVITIES
Capital Expenditures $135.2K $3.878M $1.684K
YoY Change -91.21% -307.65% -100.06%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$135.2K -$3.878M -$5.417M
YoY Change -91.21% 148.58% 96.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 4.036M $12.93M
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -1.332M -148.2K -$3.208M
Cash From Investing Activities -135.2K -3.878M -$5.417M
Cash From Financing Activities 0.000 4.036M $12.93M
Net Change In Cash -1.467M 9.810K $4.301M
YoY Change -134.18% -100.28% -168.17%
FREE CASH FLOW
Cash From Operating Activities -$1.332M -$148.2K -$3.208M
Capital Expenditures $135.2K $3.878M $1.684K
Free Cash Flow -$1.467M -$4.026M -$3.210M
YoY Change -68.1% 8811.86% 306.91%

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CY2021 srt Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
CY2022 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
CY2021 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
CY2022 srt Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
CY2021 srt Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
CY2022 INDO Proved Developed Reserves Purchases Of Minerals In Place
ProvedDevelopedReservesPurchasesOfMineralsInPlace
CY2021 INDO Proved Developed Reserves Purchases Of Minerals In Place
ProvedDevelopedReservesPurchasesOfMineralsInPlace
CY2022 INDO Proved Developed Reserves Sales Of Minerals In Place
ProvedDevelopedReservesSalesOfMineralsInPlace
CY2021 INDO Proved Developed Reserves Sales Of Minerals In Place
ProvedDevelopedReservesSalesOfMineralsInPlace
CY2022 INDO Proved Undeveloped Reserves Improved Recovery
ProvedUndevelopedReservesImprovedRecovery
CY2021 INDO Proved Undeveloped Reserves Improved Recovery
ProvedUndevelopedReservesImprovedRecovery
CY2022 INDO Proved Undeveloped Reserves Purchases Of Minerals In Place
ProvedUndevelopedReservesPurchasesOfMineralsInPlace
CY2021 INDO Proved Undeveloped Reserves Purchases Of Minerals In Place
ProvedUndevelopedReservesPurchasesOfMineralsInPlace
CY2022 INDO Proved Undeveloped Reserves Sales Of Minerals In Place
ProvedUndevelopedReservesSalesOfMineralsInPlace
CY2021 INDO Proved Undeveloped Reserves Sales Of Minerals In Place
ProvedUndevelopedReservesSalesOfMineralsInPlace
CY2022 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
usd
CY2021 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
usd
CY2020 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
usd
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
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CY2021 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
usd
CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
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CY2022 dei Document Type
DocumentType
20-F
CY2022 dei Document Registration Statement
DocumentRegistrationStatement
false
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Document Shell Company Report
DocumentShellCompanyReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-39164
CY2022 dei Entity Registrant Name
EntityRegistrantName
Indonesia Energy Corporation Limited
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
E9
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
GIESMART PLAZA
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EntityAddressAddressLine2
7th Floor
CY2022 dei Entity Address Address Line3
EntityAddressAddressLine3
Jl. Raya Pasar Minggu No. 17A
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Jakarta
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
12780
CY2022 dei Entity Address Country
EntityAddressCountry
ID
CY2022 dei Security12b Title
Security12bTitle
Ordinary shares, $0.00267 par value per share
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TradingSymbol
INDO
CY2022 dei Security Exchange Name
SecurityExchangeName
NYSE
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10142694 shares
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
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EntityExTransitionPeriod
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2022 dei Entity Shell Company
EntityShellCompany
false
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5395
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Marcum Asia CPAs LLP
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New York
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CY2022Q4 us-gaap Common Stock Shares Issued
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CY2021 INDO Payments For Oil And Gas Property
PaymentsForOilAndGasProperty
2448270 usd
CY2020 INDO Payments For Oil And Gas Property
PaymentsForOilAndGasProperty
357333 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1684 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
311559 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5416501 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2759829 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-357333 usd
CY2022 INDO Proceeds From Issuance Of Convertible Notes And Warrants Net Of Issuance Cost
ProceedsFromIssuanceOfConvertibleNotesAndWarrantsNetOfIssuanceCost
8589000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1950000 usd
CY2022 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
4366642 usd
CY2022 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-980452 usd
CY2020 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-125289 usd
CY2022 INDO Repayment Of Long Term Loan To Third Party
RepaymentOfLongTermLoanToThirdParty
-1000000 usd
CY2020 INDO Repayment Of Long Term Loan To Third Party
RepaymentOfLongTermLoanToThirdParty
-1000000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12925190 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1125289 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4300551 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6308485 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6668670 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3095014 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9403499 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16072169 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7395565 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3095014 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9403499 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
23836 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
15673 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
10891 usd
CY2022 INDO Increase Decrease In Acquisition Of Asset Retirement Obligations
IncreaseDecreaseInAcquisitionOfAssetRetirementObligations
188873 usd
CY2020 INDO Increase Decrease In Acquisition Of Asset Retirement Obligations
IncreaseDecreaseInAcquisitionOfAssetRetirementObligations
364272 usd
CY2021 INDO Purchase Of Oil And Gas Property Financed By Accounts Payable
PurchaseOfOilAndGasPropertyFinancedByAccountsPayable
1061945 usd
CY2022 INDO Conversion Of Convertible Note To Ordinary Shares
ConversionOfConvertibleNoteToOrdinaryShares
4033040 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
705443 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_808_eus-gaap--NatureOfOperations_zSbmYlp6NuU2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_825_zAAkAyaYvade">ORGANIZATION AND PRINCIPAL ACTIVITIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">Indonesia Energy Corporation Limited (the “Company” or “IEC”)</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indonesia Energy Corporation Limited was formed on April 24, 2018 as an exempted company with limited liability under the laws of the Cayman Islands and is a holding company for WJ Energy Group Limited (or “WJ Energy”), which in turn owns <span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20180424__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--WJEnergyGroupLimitedMember_zQAnUOJgBmtc" title="Equity method investment ownership percentage">100</span>% of the operating subsidiaries in Indonesia, which are described below. The Company has two shareholders: Maderic Holding Limited (or “Maderic”) and HFO Investment Group (or “HFO”), which hold <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20180424__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MadericHoldingLimitedMember_zyjLJDJnluQa" title="Equity method investment ownership percentage">87.04</span>% and <span id="xdx_90E_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20180424__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HfoInvestmentGroupMember_zPaQw6ShAwG4" title="Equity method investment ownership percentage">12.96</span>%, respectively, of IEC’s outstanding shares, prior to the initial public offering (“IPO”). Certain of IEC’s officers and directors own interests in Maderic and HFO. The Company, through its subsidiaries in Hong Kong and in Indonesia, is an oil and gas exploration and production company focused on the Indonesian market. The Company currently holds two oil and gas assets through subsidiaries in Indonesia: one producing block (the “Kruh Block”) and one exploration block (the “Citarum Block”). The Company also identified a potential third exploration block (the “Rangkas Area”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following diagram illustrates the Company’s structure, including its consolidated holding and operating subsidiaries as of December 31, 2022:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="form20-f_017.jpg"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Corporate Structuring</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89B_ecustom--ScheduleOfSubsidiariesOfEntityTableTextBlock_zopS8YwpF1v4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Details of the subsidiaries of the Company as of December 31, 2022 are set out below:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B0_zgw9jAIEiGyd">SUMMARY OF DETAILS OF THE SUBSIDIARIES OF THE COMPANY</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Percentage<br/> of</td><td style="font-weight: bold"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Date of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">Place of</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">effective</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">Principal</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold">Name</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Incorporation</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Incorporation</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">ownership</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Activities</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 26%; text-align: left">WJ Energy Group Limited (“WJ Energy”)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_edei--EntityIncorporationDateOfIncorporation_dd_c20220101__20221231__srt--OwnershipAxis__custom--WJEnergyGroupLimitedMember_zoqr05N3iKdb" title="Date of Incorporation">June 3, 2014</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 16%; text-align: center"><span id="xdx_909_ecustom--SubsidiariesPlaceOfIncorporation_c20220101__20221231__srt--OwnershipAxis__custom--WJEnergyGroupLimitedMember_zkDYCTmr5uu4" title="Place of Incorporation">Hong Kong</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_903_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20221231__srt--OwnershipAxis__custom--WJEnergyGroupLimitedMember_zQX9RTMx1jLd" title="Percentage of effective ownership">100</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td id="xdx_98D_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20220101__20221231__srt--OwnershipAxis__custom--WJEnergyGroupLimitedMember_z1uJ6la5c973" style="width: 16%; text-align: center" title="Principal Activities">Holding company</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PT Green World Nusantara (“GWN”)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_edei--EntityIncorporationDateOfIncorporation_dd_c20220101__20221231__srt--OwnershipAxis__custom--PTGreenWorldNusantaraMember_z04a59qQvGdj" title="Date of Incorporation">February 27, 2015</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--SubsidiariesPlaceOfIncorporation_c20220101__20221231__srt--OwnershipAxis__custom--PTGreenWorldNusantaraMember_zrulLXpMuOja" title="Place of Incorporation">Indonesia</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20221231__srt--OwnershipAxis__custom--PTGreenWorldNusantaraMember_zYRq0DR5oFJf" title="Percentage of effective ownership">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_982_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20220101__20221231__srt--OwnershipAxis__custom--PTGreenWorldNusantaraMember_zpHFtOpZgTY8" style="text-align: center" title="Principal Activities">Kruh Block operation</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PT Harvel Nusantara Energi (“HNE”)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_edei--EntityIncorporationDateOfIncorporation_dd_c20220101__20221231__srt--OwnershipAxis__custom--PTHarvelNusantaraEnergiMember_zEJjypih4chh" title="Date of Incorporation">March 20, 2017</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--SubsidiariesPlaceOfIncorporation_c20220101__20221231__srt--OwnershipAxis__custom--PTHarvelNusantaraEnergiMember_zUZPPdp8klja" title="Place of Incorporation">Indonesia</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20221231__srt--OwnershipAxis__custom--PTHarvelNusantaraEnergiMember_zVvpZ8kEgT7b" title="Percentage of effective ownership">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_989_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20220101__20221231__srt--OwnershipAxis__custom--PTHarvelNusantaraEnergiMember_zhTcw2KL6OGh" style="text-align: center" title="Principal Activities">Holding company</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PT Cogen Nusantara Energi (“CNE”)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_edei--EntityIncorporationDateOfIncorporation_dd_c20220101__20221231__srt--OwnershipAxis__custom--PTCogenNusantaraEnergiMember_zbxuapXVzmg7" title="Date of Incorporation">December 7, 2017</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_905_ecustom--SubsidiariesPlaceOfIncorporation_c20220101__20221231__srt--OwnershipAxis__custom--PTCogenNusantaraEnergiMember_zdQZaaT9Z4ak" title="Place of Incorporation">Indonesia</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20221231__srt--OwnershipAxis__custom--PTCogenNusantaraEnergiMember_zw5zRJ30Q9l8" title="Percentage of effective ownership">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_985_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20220101__20221231__srt--OwnershipAxis__custom--PTCogenNusantaraEnergiMember_zczamJya0NUc" style="text-align: center" title="Principal Activities">Citarum Block operation</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">PT Hutama Wiranusa Energi (“HWE”)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_edei--EntityIncorporationDateOfIncorporation_dd_c20220101__20221231__srt--OwnershipAxis__custom--PTHutamaWiranusaEnergiMember_zFzJuzrQ9Oyf" title="Date of Incorporation">May 14, 2018</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--SubsidiariesPlaceOfIncorporation_c20220101__20221231__srt--OwnershipAxis__custom--PTHutamaWiranusaEnergiMember_zcGD56vpSU0f" title="Place of Incorporation">Indonesia</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20221231__srt--OwnershipAxis__custom--PTHutamaWiranusaEnergiMember_zdMNUdXK0Exg" title="Percentage of effective ownership">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_985_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20220101__20221231__srt--OwnershipAxis__custom--PTHutamaWiranusaEnergiMember_zn60lQzVG74" style="text-align: center" title="Principal Activities">Citarum Block operation</td></tr> </table> <p id="xdx_8A7_zdDHrNYx3U0f" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Kruh Block Technical Assistance Contract (“TAC”) and Joint Operation Partnership (“KSO”)</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s revenue and potential for profit depend mostly on the level of oil production in Kruh Block and the Indonesian Crude Price (“ICP”) that is correlated to international crude oil prices.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Kruh Block operation was governed by the TAC established between GWN and PT Pertamina (Persero) (“Pertamina”), under which the Company had the operatorship to, but not the ownership of, the extraction and production of oil from the designated oil deposit location in Indonesia until May 2020 and the operatorship of Kruh Block continued as a KSO from May 2020 until May 2030. During the operations, the Company paid all expenditures and obligations incurred including but not limited to exploration, development, extraction, production, transportation, abandonment and site restoration. These costs, depending on the purpose, are either capitalized on the balance sheet as Oil and gas property – subject to amortization, net, or expensed as lease operating expenses. Section “Oil &amp; Gas Property, Full Cost Method” of Note 2 provides further discussion about the accounting treatment of these costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On a monthly basis, based on TAC, the Company submitted to Pertamina an Entitlement Calculation Statement (“ECS”) stating the amount of money that GWN is entitled to. Such entitlement is made through the proceeds of the sale, conducted by Pertamina, of the crude oil produced in the block on a monthly basis based on the prevailing ICP, but capped at <span id="xdx_901_ecustom--MaximumMonthlyProceedsOfSaleOfCrudeOilProducedPercentage_pid_dp_uPure_c20220101__20221231_zAoxAKlWNUcd" title="Maximum monthly proceeds of sale of crude oil produced percentage">65</span>% of such monthly proceeds. In addition, the Company is also entitled to an additional <span id="xdx_903_ecustom--AdditionalEntitlementOfProceedsFromSaleOfCrudeOilPercentage_pid_dp_c20220101__20221231_zyB3cXaikHf7" title="Additional entitlement of proceeds from sale of crude oil percentage">26.79</span>% of the remaining <span id="xdx_900_ecustom--RemainingProceedsFromSaleOfCrudeOilAsPartOfProfitSharingPercentage_pid_dp_c20220101__20221231_zQn7pvMAF88l" title="Remaining proceeds from sale of crude oil as part of profit sharing percentage">35</span>% of the proceeds from the sale of the crude oil as part of the profit sharing. Both of these <span id="xdx_902_ecustom--NumberOfPortionsOfEntitlementsRecognizedAsRevenue_dc_uInteger_c20220101__20221231_zUsTCpuaiIt3" title="Number of portions of entitlements recognized as revenue">two</span> portions of entitlements are recognized as revenue of the Company, net of tax. Section “Revenue Recognition” of Note 2 provides further discussion about the accounting treatment of these entitlements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">After May 2020, the Company continued the operatorship of Kruh Block under a KSO contract. In essence, the TAC and KSO are very similar in nature due to its “cost recovery” system, with a few important differences to note. The main differences between the two contracts are that: (1) in the TAC, all oil produced is shareable between Pertamina and its contractor, while in the KSO, a Non-Shareable Oil (NSO) production is determined and agreed between Pertamina and its partners so that the baseline production, with an established decline rate, belongs entirely to Pertamina, so that the partners’ revenue and production sharing portion shall be determined only from the production above the NSO baseline; (2) in the TAC, the cost recovery was capped at <span id="xdx_90E_ecustom--CostRecoveryBalanceResetWithCommencementOfOperatorship_pid_dp_uPure_c20220101__20221231__us-gaap--TypeOfArrangementAxis__custom--TACMember_z057ldl9We4l" title="Cost recovery balance reset with commencement of operatorship">65</span>% (sixty-five percent) of the proceeds from the sale of the oil produced in the block, while in the KSO, the cost recovery is capped at <span id="xdx_907_ecustom--PercentageOfOperatingCostPerBblMultiplyingNso_pid_dp_c20220101__20221231_zDFzklzsHw4f" title="Percentage of operating cost per Bbl multiplying Nso">80</span>% of the proceeds from the sale of the oil produced within Kruh Block for the cost incurred during the term under the KSO plus <span id="xdx_908_ecustom--CostRecoveryBalanceResetWithCommencementOfOperatorship_pid_dp_c20220101__20221231__us-gaap--TypeOfArrangementAxis__custom--KSOMember_zroQbvL3VbV1" title="Cost recovery balance reset with commencement of operatorship">80</span>% of the operating cost per barrel of oil (“bbl”) multiplying NSO. Any remaining cost recovery balance from the KSO period of contract is carried over to the next period, although the cost recovery balance from the TAC contract were not carried over to the KSO, meaning that the cost recovery balance was reset to nil with the commencement of the operatorship under the KSO in May 2020. As of December 31, 2022 and 2021, the unrecovered expenditures on KSO operations are $<span id="xdx_90F_ecustom--UnrecoveredExpenditures_pp0d_c20220101__20221231_zxuk44fteu4i" title="Unrecovered expenditures">6,700,186</span> and $<span id="xdx_90F_ecustom--UnrecoveredExpenditures_pp2d_c20210101__20211231_zoIqoiCbEBFa" title="Unrecovered expenditures">3,087,881</span>, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2022 INDO Maximum Monthly Proceeds Of Sale Of Crude Oil Produced Percentage
MaximumMonthlyProceedsOfSaleOfCrudeOilProducedPercentage
0.65 pure
CY2022 INDO Additional Entitlement Of Proceeds From Sale Of Crude Oil Percentage
AdditionalEntitlementOfProceedsFromSaleOfCrudeOilPercentage
0.2679 pure
CY2022 INDO Remaining Proceeds From Sale Of Crude Oil As Part Of Profit Sharing Percentage
RemainingProceedsFromSaleOfCrudeOilAsPartOfProfitSharingPercentage
0.35 pure
CY2022 INDO Number Of Portions Of Entitlements Recognized As Revenue
NumberOfPortionsOfEntitlementsRecognizedAsRevenue
2 integer
CY2022 INDO Percentage Of Operating Cost Per Bbl Multiplying Nso
PercentageOfOperatingCostPerBblMultiplyingNso
0.80 pure
CY2022 INDO Unrecovered Expenditures
UnrecoveredExpenditures
6700186 usd
CY2021 INDO Unrecovered Expenditures
UnrecoveredExpenditures
3087881 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_z359tLRq7IW7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_864_zxdSuW26Z06b">Use of estimates</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the consolidated financial statements in conformity with US GAAP requires management of the Company to make a number of estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant accounting estimates reflected in the Company’s consolidated financial statements include but are not limited to estimates and judgments applied in the valuation of warrant liabilities, allowance for receivables, estimated useful lives of property and equipment, oil and gas depletion, impairment of long-lived assets, asset retirement obligations, provision for post-employment benefit, income taxes and related deferred tax valuation allowances. Actual results could differ from those estimates and judgments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Cash
Cash
5895565 usd
CY2021Q4 us-gaap Cash
Cash
595014 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1000000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1500000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1500000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7395565 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_843_eus-gaap--ConcentrationRiskCreditRisk_zjQnMdf4TY9i" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_86A_zrd3afIGLm8f">Credit and concentration risk</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2022 and 2021, all of the Company’s accounts receivable result from the entitlement of Oil &amp; Gas Property subject to amortization and profit sharing from the sale of the crude oil under the KSO by Pertamina. This concentration of receivables from one party may impact the Company’s overall credit risk, either positively or negatively, in that Pertamina may be similarly affected by changes in economic or other conditions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the years ended December 31, 2022, 2021 and 2020, <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220101__20221231_zv0PO5GQzCA2" title="Concentration risk percentage"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20210101__20211231_zBzuphSeRRm8" title="Concentration risk percentage"><span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20200101__20201231_zHPgNwKsnlOi" title="Concentration risk percentage">100</span></span></span>% of the Company’s revenues were generated through the operatorship of Kruh Block. The Company does not believe that there will be any material adverse change in the operatorship of Kruh Block or the KSO.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company places its cash and restricted cash, with reputable financial institutions that have high-credit ratings and quality. There has been no recent history of default in relation to these financial institutions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1 pure
CY2021 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1 pure
CY2020 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1 pure
CY2022 INDO Percentage Of Discount
PercentageOfDiscount
0.10 pure
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3095014 usd
CY2021Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
1000000 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
448720 usd
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
321253 usd
CY2022 INDO Percentage Of Cap On Sale Proceeds
PercentageOfCapOnSaleProceeds
0.65 pure
CY2022 INDO Percentage Of Additional Profit Sharing On Remaining Sale Proceeds
PercentageOfAdditionalProfitSharingOnRemainingSaleProceeds
0.267857 pure
CY2022 INDO Percentage Of Remaining Sale Proceeds
PercentageOfRemainingSaleProceeds
0.35 pure
CY2022Q4 us-gaap Time Deposits
TimeDeposits
1500000 usd
CY2021Q4 us-gaap Time Deposits
TimeDeposits
1500000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1931839 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1930155 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1730344 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1637617 usd
CY2021 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
2916102 usd
CY2020 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
566244 usd
CY2022 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
1046996 usd
CY2021 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
650609 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
658907 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
637500 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
6.00
CY2022 us-gaap Profit Loss
ProfitLoss
-3122592 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-6083379 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-6951698 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3208138 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3548656 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5186048 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-36940753 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-33818161 usd
CY2022Q4 us-gaap Cash
Cash
5895565 usd
CY2022Q4 INDO Working Capital
WorkingCapital
6651052 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1176771 usd
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
555929 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
186840 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
8933 usd
CY2022Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
121 usd
CY2021Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
136623 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
18750 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
238516 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1504101 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
940001 usd
CY2022Q4 INDO Prepaid To Well Equipment
PrepaidToWellEquipment
635052 usd
CY2021Q4 INDO Prepaid To Well Equipment
PrepaidToWellEquipment
545908 usd
CY2022Q4 INDO Deposit And Others
DepositAndOthers
268666 usd
CY2021Q4 INDO Deposit And Others
DepositAndOthers
250000 usd
CY2022Q4 INDO Durable Spare Parts
DurableSpareParts
114528 usd
CY2021Q4 INDO Durable Spare Parts
DurableSpareParts
123611 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1018246 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
919519 usd
CY2020 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
654743 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1931839 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1930155 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
28740479 usd
CY2021Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
23828143 usd
CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
9411476 usd
CY2021Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
8364480 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment
11859183 usd
CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment
11859183 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
7469820 usd
CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
3604480 usd
CY2022Q4 INDO Oil And Gas Property Not Subject To Amortization
OilAndGasPropertyNotSubjectToAmortization
1151804 usd
CY2021Q4 INDO Oil And Gas Property Not Subject To Amortization
OilAndGasPropertyNotSubjectToAmortization
1151804 usd
CY2022Q4 INDO Oil And Gas Property Not Subject To Amortization Net
OilAndGasPropertyNotSubjectToAmortizationNet
1151804 usd
CY2021Q4 INDO Oil And Gas Property Not Subject To Amortization Net
OilAndGasPropertyNotSubjectToAmortizationNet
1151804 usd
CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
1427486 usd
CY2020 INDO Additional Capitalization For Oil And Gas Properties
AdditionalCapitalizationForOilAndGasProperties
201972 usd
CY2020 INDO Asset Retirement Costs
AssetRetirementCosts
364272 usd
CY2020 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
654743 usd
CY2020Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
1338987 usd
CY2021 INDO Additional Capitalization For Oil And Gas Properties
AdditionalCapitalizationForOilAndGasProperties
2916102 usd
CY2021 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
650609 usd
CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
3604480 usd
CY2022 INDO Additional Capitalization For Oil And Gas Properties
AdditionalCapitalizationForOilAndGasProperties
4723463 usd
CY2022 INDO Asset Retirement Costs
AssetRetirementCosts
188873 usd
CY2022 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
1046996 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
7469820 usd
CY2022 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
4912336 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
201495 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
292538 usd
CY2022 us-gaap Depreciation
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92727 usd
CY2021 us-gaap Depreciation
Depreciation
160246 usd
CY2020 us-gaap Depreciation
Depreciation
44108 usd
CY2021Q4 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
980452 usd
CY2022 us-gaap Financing Interest Expense
FinancingInterestExpense
7864 usd
CY2021 us-gaap Financing Interest Expense
FinancingInterestExpense
11220 usd
CY2019 us-gaap Financing Interest Expense
FinancingInterestExpense
10891 usd
CY2022Q4 INDO Convertible Notes Payable Net Of Debt Issuance Costs
ConvertibleNotesPayableNetOfDebtIssuanceCosts
52143 usd
CY2022Q4 INDO Warrant Liability Net
WarrantLiabilityNet
1389643 usd
CY2022Q4 INDO Debt Issuance Costs
DebtIssuanceCosts
811000 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
3438933 usd
CY2022 INDO Amortization Of Insurance Cost
AmortizationOfInsuranceCost
646250 usd
CY2022 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
4033040 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
52143 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M17D
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
6.00
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
6.00
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
6.00
CY2022Q1 us-gaap Share Price
SharePrice
3.64
CY2022Q2 us-gaap Share Price
SharePrice
14.94
CY2022Q4 us-gaap Share Price
SharePrice
4.66
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1950000 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
442240 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
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442240 shares
CY2022 us-gaap Operating Lease Cost
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353997 usd
CY2022 us-gaap Short Term Lease Cost
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1061609 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
690203 usd
CY2022 us-gaap Lease Cost
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1415606 usd
CY2021 us-gaap Lease Cost
LeaseCost
690203 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05612 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
263708 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
103396 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
367104 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15658 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
351446 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
255845 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
95601 usd
CY2022 INDO Unrecovered Expenditures
UnrecoveredExpenditures
6700186 usd
CY2021 INDO Unrecovered Expenditures
UnrecoveredExpenditures
3087881 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3122592 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6083379 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6951698 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-686970 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1338343 usd
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1737925 usd
CY2020 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
16759 usd
CY2022 INDO Income Tax Reconciliation Tax Exemption For Unrecovered Expenditures
IncomeTaxReconciliationTaxExemptionForUnrecoveredExpenditures
220486 usd
CY2021 INDO Income Tax Reconciliation Tax Exemption For Unrecovered Expenditures
IncomeTaxReconciliationTaxExemptionForUnrecoveredExpenditures
835085 usd
CY2020 INDO Income Tax Reconciliation Tax Exemption For Unrecovered Expenditures
IncomeTaxReconciliationTaxExemptionForUnrecoveredExpenditures
520007 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-48370 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
74666 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
132883 usd
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6308 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
290752 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
216086 usd
CY2022Q4 INDO Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
87862 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
378614 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
216086 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
290752 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
216086 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
87862 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
87862 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
87862 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
120640 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
118974 usd
CY2022 INDO Tax Operating Loss Carry Forwards Expiry
TaxOperatingLossCarryForwardsExpiry
the net operating loss will begin to expire in year 2023
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
290752 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
216086 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1000000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1000000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
15972 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
15000 usd
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
24380 usd
CY2022Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
99588 usd
CY2021Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
115393 usd
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
115393 usd
CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
68701 usd
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
36824 usd
CY2021 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
69157 usd
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
6615 usd
CY2021 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4198 usd
CY2021 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
4041 usd
CY2022 INDO Defined Benefit Plan Benefit Obligation Before Actuarial Gain Loss
DefinedBenefitPlanBenefitObligationBeforeActuarialGainLoss
158832 usd
CY2021 INDO Defined Benefit Plan Benefit Obligation Before Actuarial Gain Loss
DefinedBenefitPlanBenefitObligationBeforeActuarialGainLoss
146097 usd
CY2022 INDO Defined Benefit Obligation Actuarial Gain Loss
DefinedBenefitObligationActuarialGainLoss
-59244 usd
CY2021 INDO Defined Benefit Obligation Actuarial Gain Loss
DefinedBenefitObligationActuarialGainLoss
-30704 usd
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
99588 usd
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
115393 usd
CY2022Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
99588 usd
CY2021Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
115393 usd
CY2021Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
115393 usd
CY2020Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
68701 usd
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
43439 usd
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
77396 usd
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
-59244 usd
CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
-30704 usd
CY2022Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
99588 usd
CY2021Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
115393 usd
CY2022 INDO Actuarial Gain Amount
ActuarialGainAmount
59244 usd
CY2021 INDO Actuarial Gain Amount
ActuarialGainAmount
30704 usd
CY2020 INDO Gain Loss From Actuarial
GainLossFromActuarial
46805 usd
CY2022 INDO Scheduleof Quantitative Information About Fair Value Measurementsof Post Employment Benefits
ScheduleofQuantitativeInformationAboutFairValueMeasurementsofPostEmploymentBenefits
<p id="xdx_892_ecustom--ScheduleofQuantitativeInformationAboutFairValueMeasurementsofPostEmploymentBenefits_zi4VKxlMoMIk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table summarizes the quantitative information about the Company’s level 3 fair value measurements in the determination of the balance of the post-employment benefits, which utilize significant unobservable inputs:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span style="display: none"><span id="xdx_8B5_z76ZilGbFVBl">SCHEDULE OF QUANTITATIVE INFORMATION ABOUT FAIR VALUE MEASUREMENTS OF POST EMPLOYMENT BENEFITS</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Actuarial Assumption</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2022</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2021</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 60%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Discount Rate</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_pid_dp_uPure_c20220101__20221231__srt--RangeAxis__srt--MinimumMember_zQPypesx4zJ4" title="Discount Rate">6.77</span>% and <span id="xdx_900_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_pid_dp_uPure_c20220101__20221231__srt--RangeAxis__srt--MaximumMember_zvonxDtGb3i3" title="Discount Rate">5.17</span></span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_pid_dp_uPure_c20210101__20211231__srt--RangeAxis__srt--MinimumMember_zh0uz5wQebUl" title="Discount Rate">5.99</span>% and <span id="xdx_90B_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_pid_dp_uPure_c20210101__20211231__srt--RangeAxis__srt--MaximumMember_zwovJBjXcOc5" title="Discount Rate">3.06</span></span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expected Return on Plan Assets</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wage Increase Rate</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease_pid_dp_uPure_c20220101__20221231_zMwVlGzSx4vk" title="Wage Mortality Rate">7.00</span></span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease_pid_dp_uPure_c20210101__20211231_zYSlTmn0ZDl9" title="Wage Mortality Rate">7.00</span></span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mortality Rate</span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_904_eus-gaap--DefinedBenefitPlanDescriptionOfDirectionAndPatternOfChangeForAssumedHealthCareCostTrendRate_c20220101__20221231_zXjPOu0mooYe" title="Mortality Rate">Table Mortality Index (“TMI”) of Indonesia, TMI IV 2019</span></span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eus-gaap--DefinedBenefitPlanDescriptionOfDirectionAndPatternOfChangeForAssumedHealthCareCostTrendRate_c20210101__20211231_zzGf0JpdWEXb" title="Mortality Rate">Table Mortality Index (“TMI”) of Indonesia, TMI IV 2019</span></span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Disability Rate</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_ecustom--DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofDiabilityRate_pid_dp_uPure_c20220101__20221231_zdYMFR61uFk" title="Disability Rate">5</span>% of TMI IV 2019</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_ecustom--DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofDiabilityRate_pid_dp_uPure_c20210101__20211231_zL6bgegYHDoh" title="Disability Rate">5</span>% of TMI IV 2019</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Normal retirement age</span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_ecustom--DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofNormalRetiremenAge_uInteger_c20220101__20221231_zlx2CluLqbJ" title="Normal retirement age">58 Years</span> (All employees are assumed to retire at pension age). With work contract until May 22, 2030</span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_ecustom--DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofNormalRetiremenAge_uInteger_c20210101__20211231_zgiFaGIX7dHf" title="Normal retirement age">55 Years</span> (All employees are assumed to retire at pension age). With work contract until May 22, 2030</span></td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid">Withdrawal Rate</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">Age</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Rate</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">Age</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Rate</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%"> </td><td style="width: 2%"> </td> <td style="width: 12%; text-align: center">20 – 29</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20221231__us-gaap--RetirementPlanFundingStatusAxis__custom--TwentytwentytotwentytwentynineMember_z4slk22rEede" style="width: 10%; text-align: right" title="Withdrawal ate">6.0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 12%; text-align: center">20 – 29</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20211231__us-gaap--RetirementPlanFundingStatusAxis__custom--TwentytwentytotwentytwentynineMember_zaWwoWVoUDog" style="width: 10%; text-align: right" title="Withdrawal ate">6.0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: center">30 – 39</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20221231__us-gaap--RetirementPlanFundingStatusAxis__custom--ThirtyToThirtyNineMember_zsl6rGAJZOI5" style="text-align: right" title="Withdrawal ate">5.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center">30 – 39</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20211231__us-gaap--RetirementPlanFundingStatusAxis__custom--ThirtyToThirtyNineMember_zIEIbjGYMSYg" style="text-align: right" title="Withdrawal ate">5.0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>  </td><td> </td> <td style="text-align: center">40 – 44</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20221231__us-gaap--RetirementPlanFundingStatusAxis__custom--FortyToFortyFourMember_zlf9Y7iVKVHc" style="text-align: right" title="Withdrawal ate">3.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center">40 – 44</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20211231__us-gaap--RetirementPlanFundingStatusAxis__custom--FortyToFortyFourMember_z4JBqr7IdtQj" style="text-align: right" title="Withdrawal ate">3.0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: center">45 – 49</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20221231__us-gaap--RetirementPlanFundingStatusAxis__custom--FourtyFiveToFortyNineMember_zh3F4DKg2tUd" style="text-align: right" title="Withdrawal ate">2.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center">45 – 49</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20211231__us-gaap--RetirementPlanFundingStatusAxis__custom--FourtyFiveToFortyNineMember_zmEfyuoUWfJ7" style="text-align: right" title="Withdrawal ate">2.0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: center">50 – 57</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20221231__us-gaap--RetirementPlanFundingStatusAxis__custom--FiftyToFiftySevenMember_zmBuHZsV0Wna" style="text-align: right" title="Withdrawal ate">1.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center">50 – 57</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20211231__us-gaap--RetirementPlanFundingStatusAxis__custom--FiftyToFiftySevenMember_zKEh15eA5X2b" style="text-align: right" title="Withdrawal ate">1.0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: center">&gt;57</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20221231__us-gaap--RetirementPlanFundingStatusAxis__custom--FiftySevenMember_zktpkr14GbFg" style="text-align: right" title="Withdrawal ate">0.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center">&gt;57</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20211231__us-gaap--RetirementPlanFundingStatusAxis__custom--FiftySevenMember_zLAwpV8qyjQb" style="text-align: right" title="Withdrawal ate">0.0</td><td style="text-align: left">%</td></tr> </table>
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CY2021 INDO Defined Benefit Plan Assumptions Used Calculating Benefitof Diability Rate
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ProvedDevelopedReservesPreviousEstimates
71036
CY2022 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
62467
CY2022 INDO Proved Developed Reserves Production
ProvedDevelopedReservesProduction
58273
CY2022 INDO Proved Undeveloped Reserves Production
ProvedUndevelopedReservesProduction
-4194
CY2022 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.5756 pure
CY2022 INDO Proved Developed Reserves Improved Recovery
ProvedDevelopedReservesImprovedRecovery
-12763
CY2022 INDO Proved Developed Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
5476
CY2022 INDO Proved Developed Reserves Extensions Discoveries And Additions
ProvedDevelopedReservesExtensionsDiscoveriesAndAdditions
125425
CY2022 INDO Proved Developed Reserves Production
ProvedDevelopedReservesProduction
58273
CY2022 INDO Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-1127456
CY2021Q4 srt Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
2942406
CY2022Q4 srt Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
1685331
CY2022 INDO Proved Undeveloped Reserves Extensions Discoveries And Additions
ProvedUndevelopedReservesExtensionsDiscoveriesAndAdditions
-125425
CY2022 INDO Proved Undeveloped Reserves Extensions Discoveries And Additions
ProvedUndevelopedReservesExtensionsDiscoveriesAndAdditions
-125425
CY2022 INDO Proved Undeveloped Reserves Production
ProvedUndevelopedReservesProduction
-4194
CY2022 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.5756 pure
CY2021 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.4665 pure
CY2021Q4 srt Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
311211
CY2022 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.5756 pure
CY2022 INDO Proved Developed Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
5476
CY2022 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.5756 pure
CY2022 INDO Proved Undeveloped Reserves Extensions Discoveries And Additions
ProvedUndevelopedReservesExtensionsDiscoveriesAndAdditions
-125425
CY2022 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.5756 pure
CY2022 INDO Proved Developed Reserves Production
ProvedDevelopedReservesProduction
58273
CY2022 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.5756 pure
CY2021 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.4665 pure
CY2021Q4 srt Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
2942406
CY2022 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.5756 pure
CY2022 INDO Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-1127456
CY2022 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.5756 pure
CY2022 INDO Proved Undeveloped Reserves Extensions Discoveries And Additions
ProvedUndevelopedReservesExtensionsDiscoveriesAndAdditions
-125425
CY2022 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.5756 pure
CY2022 INDO Proved Undeveloped Reserves Production
ProvedUndevelopedReservesProduction
-4194
CY2021 srt Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-988090
CY2021 INDO Proved Developed Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-32132
CY2021 INDO Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-1020222
CY2021 srt Proved Developed And Undeveloped Reserves Improved Recovery
ProvedDevelopedAndUndevelopedReservesImprovedRecovery
7533
CY2021 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
60637
CY2021 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.4665 pure
CY2021 INDO Proved Developed And Undeveloped Reserve Improved Recovery
ProvedDevelopedAndUndevelopedReserveImprovedRecovery
-7533
CY2021 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.4665 pure
CY2021 INDO Proved Developed Reserves Production
ProvedDevelopedReservesProduction
57181
CY2021 INDO Proved Undeveloped Reserves Production
ProvedUndevelopedReservesProduction
-3456
CY2021 INDO Proved Developed Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-32132
CY2021 INDO Proved Developed And Undeveloped Reserve Improved Recovery
ProvedDevelopedAndUndevelopedReserveImprovedRecovery
-7533
CY2021 INDO Proved Developed Reserves Production
ProvedDevelopedReservesProduction
57181
CY2021 INDO Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-1020222
CY2020 srt Proved Developed And Undeveloped Reserves Net Period Increase Decrease
ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease
4070520
CY2021 srt Proved Developed And Undeveloped Reserves Net Period Increase Decrease
ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease
2942406
CY2021 INDO Proved Undeveloped Reserves Extensions Discoveries And Additions
ProvedUndevelopedReservesExtensionsDiscoveriesAndAdditions
-104436
CY2020Q4 srt Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
239357
CY2021 INDO Proved Developed Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-32132
CY2021 INDO Proved Developed Reserves Revision
ProvedDevelopedReservesRevision
47515
CY2021 INDO Percentage Of Increase In Production
PercentageOfIncreaseInProduction
0.4665 pure
CY2021 INDO Proved Developed Reserves Production
ProvedDevelopedReservesProduction
57181
CY2020Q4 srt Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
4070520
CY2021 INDO Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-1020222
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
114735610 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
101718042 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
64815304 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
43837125 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
29404571 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
34285268 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
7591667 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
11284102 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
12924068 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
12311547 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
4690738 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
4714315 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
8233330 usd
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
7597232 usd
CY2022 srt Consolidated Oil And Gas Production Costs Per Unit Of Production
ConsolidatedOilAndGasProductionCostsPerUnitOfProduction
96.94
CY2021 srt Consolidated Oil And Gas Production Costs Per Unit Of Production
ConsolidatedOilAndGasProductionCostsPerUnitOfProduction
67.02
CY2020 srt Consolidated Oil And Gas Production Costs Per Unit Of Production
ConsolidatedOilAndGasProductionCostsPerUnitOfProduction
37.58
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
7597232 usd
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5579842 usd
CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
10120562 usd
CY2022 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
500000 usd
CY2021 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
500000 usd
CY2020 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
500000 usd
CY2022 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-19526823 usd
CY2021 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-14979996 usd
CY2020 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
6073161 usd
CY2022 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
340200 usd
CY2021 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
4046951 usd
CY2020 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
811043 usd
CY2022 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
15310987 usd
CY2021 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
19129705 usd
CY2020 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-21967808 usd
CY2022 INDO Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserve Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReserveAccretionOfDiscount
23577 usd
CY2021 INDO Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserve Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReserveAccretionOfDiscount
638201 usd
CY2020 INDO Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserve Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReserveAccretionOfDiscount
2377063 usd
CY2022 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-4244775 usd
CY2021 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-4328719 usd
CY2020 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-2536006 usd
CY2022 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
4540497 usd
CY2021 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
2724238 usd
CY2020 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
201946 usd
CY2022 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
3692435 usd
CY2021 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-5712990 usd
CY2020 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
9999882 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
8233330 usd
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
7597232 usd
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5579842 usd

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