2024 Q2 Form 20-F Financial Statement
#000149315224016612 Filed on April 26, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $1.443M | $1.684M | $3.525M |
YoY Change | -21.61% | -4.57% | -13.96% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $3.029M | $3.130M | $6.319M |
YoY Change | -5.0% | -15.98% | -16.37% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $305.1K | $104.8K | $702.2K |
YoY Change | -48.94% | -85.49% | -38.39% |
% of Gross Profit | |||
Operating Expenses | $3.334M | $3.235M | $7.021M |
YoY Change | -11.93% | -27.26% | -19.26% |
Operating Profit | -$3.496M | ||
YoY Change | -23.98% | ||
Interest Expense | -$63.98K | $46.73K | $136.8K |
YoY Change | -171.04% | -144.04% | -188.53% |
% of Operating Profit | |||
Other Income/Expense, Net | -$144.1K | $482.5K | $853.0K |
YoY Change | -161.65% | -33.56% | -42.2% |
Pretax Income | -$2.099M | -$1.022M | -$2.643M |
YoY Change | 29.48% | -50.47% | -15.37% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$2.099M | -$1.022M | -$2.643M |
YoY Change | 29.48% | -50.47% | -15.37% |
Net Earnings / Revenue | -145.43% | -60.65% | -74.96% |
Basic Earnings Per Share | -$0.26 | ||
Diluted Earnings Per Share | -$0.21 | -$0.10 | -$0.26 |
COMMON SHARES | |||
Basic Shares Outstanding | 10.20M shares | 10.14M shares | |
Diluted Shares Outstanding | 10.14M shares |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $716.7K | $2.010M | $2.010M |
YoY Change | -83.82% | -65.91% | -65.91% |
Cash & Equivalents | $0.00 | ||
Short-Term Investments | |||
Other Short-Term Assets | $3.726M | $1.921M | $3.032M |
YoY Change | 158.18% | 60.65% | 153.61% |
Inventory | $139.3K | $148.4K | $148.4K |
Prepaid Expenses | |||
Receivables | $444.3K | $582.3K | $582.3K |
Other Receivables | $82.23K | $307.7K | $307.7K |
Total Short-Term Assets | $5.109M | $6.080M | $6.080M |
YoY Change | -24.41% | -22.72% | -22.72% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $10.23M | $109.0K | $9.473M |
YoY Change | 18.21% | -45.9% | 3.26% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $2.136M | $812.9K | $2.171M |
YoY Change | -35.26% | -20.16% | -38.52% |
Total Long-Term Assets | $12.36M | $11.64M | $11.64M |
YoY Change | 3.44% | -8.36% | -8.36% |
TOTAL ASSETS | |||
Total Short-Term Assets | $5.109M | $6.080M | $6.080M |
Total Long-Term Assets | $12.36M | $11.64M | $11.64M |
Total Assets | $17.47M | $17.72M | $17.72M |
YoY Change | -6.62% | -13.85% | -13.85% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.465M | $753.8K | $753.8K |
YoY Change | 91.15% | 4.83% | 4.83% |
Accrued Expenses | $847.8K | $152.1K | $781.4K |
YoY Change | 121.57% | 535.11% | 179.28% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.677M | $1.614M | $1.614M |
YoY Change | 105.49% | 32.64% | 32.64% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.720M | $1.421M | $1.421M |
YoY Change | 0.84% | -30.12% | |
Total Long-Term Liabilities | $1.720M | $1.421M | $1.421M |
YoY Change | 0.84% | -30.12% | -30.12% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.677M | $1.614M | $1.614M |
Total Long-Term Liabilities | $1.720M | $1.421M | $1.421M |
Total Liabilities | $4.397M | $3.035M | $3.035M |
YoY Change | 46.15% | -6.63% | -6.63% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$39.58M | ||
YoY Change | 7.15% | ||
Common Stock | $27.05K | ||
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $13.08M | $14.69M | $14.69M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $17.47M | $17.72M | $17.72M |
YoY Change | -6.62% | -13.85% | -13.85% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.099M | -$1.022M | -$2.643M |
YoY Change | 29.48% | -50.47% | -15.37% |
Depreciation, Depletion And Amortization | $305.1K | $104.8K | $702.2K |
YoY Change | -48.94% | -85.49% | -38.39% |
Cash From Operating Activities | -$700.9K | -$1.647M | -$2.979M |
YoY Change | -47.36% | 1011.34% | -7.14% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $983.1K | $284.3K | |
YoY Change | 627.44% | -92.67% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$983.1K | -$284.3K | -$419.5K |
YoY Change | 627.44% | -92.67% | -92.26% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 323.6K | 0.000 | |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -700.9K | -1.647M | -$2.979M |
Cash From Investing Activities | -983.1K | -284.3K | -$419.5K |
Cash From Financing Activities | 323.6K | 0.000 | |
Net Change In Cash | -1.360M | -1.932M | -$3.398M |
YoY Change | -7.25% | -19790.62% | -179.02% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$700.9K | -$1.647M | -$2.979M |
Capital Expenditures | $983.1K | $284.3K | |
Free Cash Flow | -$1.684M | -$1.932M | -$2.979M |
YoY Change | 14.82% | -52.03% | -7.19% |
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
usd | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
usd | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2023 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
||
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
usd | |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | |
CY2023 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | |
CY2023Q4 | us-gaap |
Capitalized Costs Uncompleted Wells Equipment And Facilities
CapitalizedCostsUncompletedWellsEquipmentAndFacilities
|
usd | |
CY2022Q4 | us-gaap |
Capitalized Costs Uncompleted Wells Equipment And Facilities
CapitalizedCostsUncompletedWellsEquipmentAndFacilities
|
usd | |
CY2021Q4 | us-gaap |
Capitalized Costs Uncompleted Wells Equipment And Facilities
CapitalizedCostsUncompletedWellsEquipmentAndFacilities
|
usd | |
CY2023 | us-gaap |
Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
|
usd | |
CY2022 | us-gaap |
Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
|
usd | |
CY2021 | us-gaap |
Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
|
usd | |
CY2022Q4 | INDO |
Costs Already Paid
CostsAlreadyPaid
|
usd | |
CY2023 | srt |
Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
|
||
CY2022 | srt |
Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
|
||
CY2023 | srt |
Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
|
||
CY2022 | srt |
Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
|
||
CY2023 | srt |
Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
|
||
CY2022 | srt |
Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
|
||
CY2023 | INDO |
Proved Developed Reserves Purchases Of Minerals In Place
ProvedDevelopedReservesPurchasesOfMineralsInPlace
|
||
CY2022 | INDO |
Proved Developed Reserves Purchases Of Minerals In Place
ProvedDevelopedReservesPurchasesOfMineralsInPlace
|
||
CY2023 | INDO |
Proved Developed Reserves Extensions Discoveries And Additions
ProvedDevelopedReservesExtensionsDiscoveriesAndAdditions
|
||
CY2023 | INDO |
Proved Developed Reserves Sales Of Minerals In Place
ProvedDevelopedReservesSalesOfMineralsInPlace
|
||
CY2022 | INDO |
Proved Developed Reserves Sales Of Minerals In Place
ProvedDevelopedReservesSalesOfMineralsInPlace
|
||
CY2023 | INDO |
Proved Undeveloped Reserves Improved Recovery
ProvedUndevelopedReservesImprovedRecovery
|
||
CY2022 | INDO |
Proved Undeveloped Reserves Improved Recovery
ProvedUndevelopedReservesImprovedRecovery
|
||
CY2023 | INDO |
Proved Undeveloped Reserves Purchases Of Minerals In Place
ProvedUndevelopedReservesPurchasesOfMineralsInPlace
|
||
CY2022 | INDO |
Proved Undeveloped Reserves Purchases Of Minerals In Place
ProvedUndevelopedReservesPurchasesOfMineralsInPlace
|
||
CY2023 | INDO |
Proved Undeveloped Reserves Extensions Discoveries And Additions
ProvedUndevelopedReservesExtensionsDiscoveriesAndAdditions
|
||
CY2023 | INDO |
Proved Undeveloped Reserves Production
ProvedUndevelopedReservesProduction
|
||
CY2023 | INDO |
Proved Undeveloped Reserves Sales Of Minerals In Place
ProvedUndevelopedReservesSalesOfMineralsInPlace
|
||
CY2022 | INDO |
Proved Undeveloped Reserves Sales Of Minerals In Place
ProvedUndevelopedReservesSalesOfMineralsInPlace
|
||
CY2023 | INDO |
Proved Undeveloped Reserves Production
ProvedUndevelopedReservesProduction
|
||
CY2023 | INDO |
Proved Undeveloped Reserves Production
ProvedUndevelopedReservesProduction
|
||
CY2023 | srt |
Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
|
usd | |
CY2022 | srt |
Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
|
usd | |
CY2021 | srt |
Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
|
usd | |
CY2023 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
|
usd | |
CY2022 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
|
usd | |
CY2021 | srt |
Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
|
usd | |
CY2023 | dei |
Document Type
DocumentType
|
20-F | |
CY2023 | dei |
Document Registration Statement
DocumentRegistrationStatement
|
false | |
CY2023 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2023 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-12-31 | |
CY2023 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2023 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2023 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2023 | dei |
Document Shell Company Report
DocumentShellCompanyReport
|
false | |
CY2023 | dei |
Entity File Number
EntityFileNumber
|
001-39164 | |
CY2023 | dei |
Entity Registrant Name
EntityRegistrantName
|
Indonesia Energy Corporation Limited | |
CY2023 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
E9 | |
CY2023 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
GIESMART PLAZA | |
CY2023 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
7th Floor | |
CY2023 | dei |
Entity Address Address Line3
EntityAddressAddressLine3
|
Jl. Raya Pasar Minggu No. 17A | |
CY2023 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Jakarta | |
CY2023 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
12780 | |
CY2023 | dei |
Entity Address Country
EntityAddressCountry
|
ID | |
CY2023 | dei |
Security12b Title
Security12bTitle
|
Ordinary shares, $0.00267 par value per share | |
CY2023 | dei |
Trading Symbol
TradingSymbol
|
INDO | |
CY2023 | dei |
Security Exchange Name
SecurityExchangeName
|
NYSE | |
CY2024Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
10202694 | shares |
CY2023 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
CY2023 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2023 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2023 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2023 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2023 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
CY2023 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | |
CY2023 | dei |
Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
|
false | |
CY2023 | dei |
Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
|
false | |
CY2023 | dei |
Document Accounting Standard
DocumentAccountingStandard
|
U.S. GAAP | |
CY2023 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2023 | dei |
Auditor Firm
AuditorFirmId
|
5395 | |
CY2023 | dei |
Auditor Name
AuditorName
|
Marcum Asia CPAs LLP | |
CY2023 | dei |
Auditor Location
AuditorLocation
|
Beijing, China | |
CY2023Q4 | us-gaap |
Cash
Cash
|
2009687 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
5895565 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
1567500 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
582335 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
468153 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1920576 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1504101 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
6080098 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
7867819 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
420000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
1500000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
109017 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
201495 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
7111624 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
7469820 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
1155439 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
1151804 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1097168 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
351446 | usd |
CY2023Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
938392 | usd |
CY2022Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
1013698 | usd |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
812943 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1018246 | usd |
CY2023Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
11644583 | usd |
CY2022Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
12706509 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
17724681 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
20574328 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
753823 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
719095 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
629325 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
255845 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
152078 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
23945 | usd |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
60698 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
147797 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
17941 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
70085 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1613865 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1216767 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
352636 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
448720 | usd |
CY2023Q4 | INDO |
Warrant Liabilities
WarrantLiabilities
|
482219 | usd |
CY2022Q4 | INDO |
Warrant Liabilities
WarrantLiabilities
|
1389643 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
467843 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
95601 | usd |
CY2023Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
118250 | usd |
CY2022Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
99588 | usd |
CY2023Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1420948 | usd |
CY2022Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
2033552 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
3034813 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
3250319 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00267 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00267 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
3750000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
3750000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00267 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00267 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
37500000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
37500000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10142694 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10142694 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
10142694 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
10142694 | shares |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
27046 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
27046 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
54147769 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
54147769 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-39583437 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-36940753 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
98490 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
89947 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14689868 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17324009 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
17724681 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
20574328 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3525454 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4097403 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2452540 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2950869 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2953254 | usd |
CY2021 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2492476 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
702217 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1139723 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
810855 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3368029 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4602656 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5250618 | usd |
CY2023 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
7021115 | usd |
CY2022 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
8695633 | usd |
CY2021 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
8553949 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3495661 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4598230 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6101409 | usd |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-907424 | usd |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2878660 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
136788 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-130684 | usd |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
28489 | usd |
CY2023 | INDO |
Allowance On Other Receivable
AllowanceOnOtherReceivable
|
59604 | usd |
CY2022 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-133325 | usd |
CY2022 | INDO |
Issuance Costs Allocated To Warrant Liability
IssuanceCostsAllocatedToWarrantLiability
|
465577 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-131631 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-673436 | usd |
CY2021 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-10459 | usd |
CY2023 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
852977 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1475638 | usd |
CY2021 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
18030 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2642684 | usd |
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 |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-2642684 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-3122592 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-6083379 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-2642684 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-3122592 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-6083379 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
8543 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
59243 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
30704 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-2634141 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-3063349 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-6052675 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.26 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.26 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.35 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.35 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.82 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.82 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10142694 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10142694 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8888421 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8888421 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7420414 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7420414 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12358059 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6083379 | usd |
CY2021 | INDO |
Actuarial Gain For Postemployment Benefits
ActuarialGainForPostemploymentBenefits
|
30704 | usd |
CY2021 | INDO |
Stock Issued During Period Value Issuance Of Shares For Compensation Of Employee And Nonemployee Services
StockIssuedDuringPeriodValueIssuanceOfSharesForCompensationOfEmployeeAndNonemployeeServices
|
225776 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1288583 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7819743 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3063349 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4366642 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
4033039 | usd |
CY2022 | INDO |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
3430665 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
210773 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
526496 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17324009 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17324009 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2642684 | usd |
CY2023 | INDO |
Actuarial Gain For Postemployment Benefits
ActuarialGainForPostemploymentBenefits
|
8543 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14689868 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14689868 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-2642684 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-3122592 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-6083379 | usd |
CY2022 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-133325 | usd |
CY2022 | INDO |
Insurance Costs Allocated To Warrant Liability
InsuranceCostsAllocatedToWarrantLiability
|
465577 | usd |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-907424 | usd |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2878660 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
702217 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1139723 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
810855 | usd |
CY2023 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
75306 | usd |
CY2022 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
75306 | usd |
CY2021 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
78991 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
472777 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
353997 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
-52144 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
646250 | usd |
CY2023 | INDO |
Allowance On Other Receivable
AllowanceOnOtherReceivable
|
59604 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
526496 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1288583 | usd |
CY2022 | INDO |
Employee Benefit And Share Based Compensation Noncash
EmployeeBenefitAndShareBasedCompensationNoncash
|
210773 | usd |
CY2021 | INDO |
Employee Benefit And Share Based Compensation Noncash
EmployeeBenefitAndShareBasedCompensationNoncash
|
225776 | usd |
CY2023 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
27205 | usd |
CY2022 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
43438 | usd |
CY2021 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
77396 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
114182 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-529588 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-134213 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1026079 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
564100 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
234065 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-755303 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
98727 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-209002 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
102925 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-255154 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-2649 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
1469 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
128133 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-119853 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-40403 | usd |
CY2023 | us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
-87099 | usd |
CY2022 | us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
63121 | usd |
CY2021 | us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
-17094 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-472777 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-353997 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2978919 | 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 |
CY2023 | INDO |
Payments For Oil And Gas Property
PaymentsForOilAndGasProperty
|
419459 | usd |
CY2022 | INDO |
Payments For Oil And Gas Property
PaymentsForOilAndGasProperty
|
5414817 | usd |
CY2021 | INDO |
Payments For Oil And Gas Property
PaymentsForOilAndGasProperty
|
2448270 | 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 |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-419459 | 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 |
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 |
CY2022 | 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 |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3398378 | 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 |
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 |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3997187 | 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 |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
23836 | usd |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
812943 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
15673 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
2009687 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
5895565 | usd |
CY2021Q4 | us-gaap |
Cash
Cash
|
595014 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
1567500 | usd |
CY2021Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
1000000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
420000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
1500000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
1500000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3997187 | 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 |
CY2023 | INDO |
Increase Decrease In Acquisition Of Asset Retirement Obligations
IncreaseDecreaseInAcquisitionOfAssetRetirementObligations
|
42998 | usd |
CY2022 | INDO |
Increase Decrease In Acquisition Of Asset Retirement Obligations
IncreaseDecreaseInAcquisitionOfAssetRetirementObligations
|
188873 | 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 |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
169094 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
705443 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_805_eus-gaap--NatureOfOperations_zKiqjZKI3aah" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_821_zjCWNkkTP5la">ORGANIZATION AND PRINCIPAL ACTIVITIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 0; 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_zzCbNMvTxqR7" 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_zWkVMiyOAfI4" 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_zHWQQ3ucxwl5" 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 0pt 0pt 0; 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 0pt 0pt 0; 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, 2023</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"> </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_013.jpg"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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 0pt 0pt 0"><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 0pt 0pt 0"><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 0pt 0pt 0"><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 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89D_ecustom--ScheduleOfSubsidiariesOfEntityTableTextBlock_z2LBTaAbUPN7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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, 2023 are set out below:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0"></p><p style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_zJ4YSh3pXGQ8">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: 34%; 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: 14%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_edei--EntityIncorporationDateOfIncorporation_dd_c20230101__20231231__srt--OwnershipAxis__custom--WJEnergyGroupLimitedMember_zBKe8lGx5r24" 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: 11%; text-align: center"><span id="xdx_901_ecustom--SubsidiariesPlaceOfIncorporation_c20230101__20231231__srt--OwnershipAxis__custom--WJEnergyGroupLimitedMember_zbORbQIv0i2a" title="Place of Incorporation">Hong Kong</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"><span id="xdx_90B_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20231231__srt--OwnershipAxis__custom--WJEnergyGroupLimitedMember_zuOQNhWYD9S6" title="Percentage of effective ownership">100</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td id="xdx_988_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20230101__20231231__srt--OwnershipAxis__custom--WJEnergyGroupLimitedMember_zYF1zstnuR8f" style="width: 18%; 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: center"> </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: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_edei--EntityIncorporationDateOfIncorporation_dd_c20230101__20231231__srt--OwnershipAxis__custom--PTGreenWorldNusantaraMember_zFhK5MYOq09c" 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_900_ecustom--SubsidiariesPlaceOfIncorporation_c20230101__20231231__srt--OwnershipAxis__custom--PTGreenWorldNusantaraMember_zhMOUcDpJOxe" 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_c20231231__srt--OwnershipAxis__custom--PTGreenWorldNusantaraMember_zAQxa6ZcgB48" title="Percentage of effective ownership">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_981_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20230101__20231231__srt--OwnershipAxis__custom--PTGreenWorldNusantaraMember_zz2LPmsKjcOg" 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: center"> </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: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_edei--EntityIncorporationDateOfIncorporation_dd_c20230101__20231231__srt--OwnershipAxis__custom--PTHarvelNusantaraEnergiMember_zI65Aw0NiwCj" 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_902_ecustom--SubsidiariesPlaceOfIncorporation_c20230101__20231231__srt--OwnershipAxis__custom--PTHarvelNusantaraEnergiMember_zRw9fvG8rhJl" title="Place of Incorporation">Indonesia</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20231231__srt--OwnershipAxis__custom--PTHarvelNusantaraEnergiMember_zh4741SwPMIg" title="Percentage of effective ownership">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_983_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20230101__20231231__srt--OwnershipAxis__custom--PTHarvelNusantaraEnergiMember_zViELudY4m8c" 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: center"> </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: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_edei--EntityIncorporationDateOfIncorporation_dd_c20230101__20231231__srt--OwnershipAxis__custom--PTCogenNusantaraEnergiMember_zsNNrf1SXPof" 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_90A_ecustom--SubsidiariesPlaceOfIncorporation_c20230101__20231231__srt--OwnershipAxis__custom--PTCogenNusantaraEnergiMember_zS0IozI19zA8" title="Place of Incorporation">Indonesia</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20231231__srt--OwnershipAxis__custom--PTCogenNusantaraEnergiMember_z18Q45HqaaJe" title="Percentage of effective ownership">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_986_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20230101__20231231__srt--OwnershipAxis__custom--PTCogenNusantaraEnergiMember_z7d3nAAm8W4b" 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: center"> </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: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_edei--EntityIncorporationDateOfIncorporation_dd_c20230101__20231231__srt--OwnershipAxis__custom--PTHutamaWiranusaEnergiMember_z3Pu7fNVBOg4" 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_900_ecustom--SubsidiariesPlaceOfIncorporation_c20230101__20231231__srt--OwnershipAxis__custom--PTHutamaWiranusaEnergiMember_z3JmuV06U8Aj" title="Place of Incorporation">Indonesia</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20231231__srt--OwnershipAxis__custom--PTHutamaWiranusaEnergiMember_zvRRP2NQ3kZ4" title="Percentage of effective ownership">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_982_eus-gaap--SubsidiaryOrEquityMethodInvesteeNatureOfOperations_c20230101__20231231__srt--OwnershipAxis__custom--PTHutamaWiranusaEnergiMember_zVRTVHxn2nVj" style="text-align: center" title="Principal Activities">Citarum Block operation</td></tr> </table> <p id="xdx_8A4_zz8HGBP4QIIa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 0; 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, which was further extended to September 2035 in August 2023. This extension effectively gives the Company 13 years to fully develop the existing <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">three oil fields, and five other undeveloped oil and gas bearing structures at Kruh Block. Further, <span id="xdx_906_ecustom--IncomeTaxDescription_c20230101__20231231_zGRgJltK97Jh" title="Income tax description">the Amended KSO increases our after-tax profit split from 15% to 35%, for an increase of more than 100%, and increases cost recovery cap from 80% to 100%.</span> </span> 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 & 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 0pt 0pt 0; 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 0pt 0pt 0; 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_90C_ecustom--MaximumMonthlyProceedsOfSaleOfCrudeOilProducedPercentage_pid_dp_uPure_c20230101__20231231_zUYf2c1DCIOj" 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_c20230101__20231231_zG2B3q7XU35j" title="Additional entitlement of proceeds from sale of crude oil percentage">26.79</span>% of the remaining <span id="xdx_907_ecustom--RemainingProceedsFromSaleOfCrudeOilAsPartOfProfitSharingPercentage_pid_dp_c20230101__20231231_zvhgab4FhlNh" 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_90B_ecustom--NumberOfPortionsOfEntitlementsRecognizedAsRevenue_dc_uInteger_c20230101__20231231_zxovRmRFUct7" 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 0pt 0pt 0; 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 0pt 0pt 0; 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_908_ecustom--CostRecoveryBalanceResetWithCommencementOfOperatorship_pid_dp_uPure_c20230101__20231231__us-gaap--TypeOfArrangementAxis__custom--TACMember_zTiE9QQ7Xq99" title="Cost recovery balance reset with commencement of operatorship">65</span>% 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_90D_ecustom--PercentageOfOperatingCostPerBblMultiplyingNso_pid_dp_c20230101__20231231_zFLoXhQK9skc" title="Percentage of operating cost per Bbl multiplying Nso">100</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_90B_ecustom--CostRecoveryBalanceResetWithCommencementOfOperatorship_pid_dp_c20230101__20231231__us-gaap--TypeOfArrangementAxis__custom--KSOMember_zuLH2Jkm7jn9" 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, 2023 and 2022, the unrecovered expenditures on KSO operations are $<span id="xdx_90E_ecustom--UnrecoveredExpenditures_pp0d_c20230101__20231231_zMLWXZa97cz4" title="Unrecovered expenditures">6,521,865</span> and $<span id="xdx_90F_ecustom--UnrecoveredExpenditures_pp0d_c20220101__20221231_z2ujV3yD9VTd" title="Unrecovered expenditures">6,700,186</span>, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0"><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 0pt 0pt 0"><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 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> | |
CY2023 | INDO |
Income Tax Description
IncomeTaxDescription
|
the Amended KSO increases our after-tax profit split from 15% to 35%, for an increase of more than 100%, and increases cost recovery cap from 80% to 100%. | |
CY2023 | INDO |
Maximum Monthly Proceeds Of Sale Of Crude Oil Produced Percentage
MaximumMonthlyProceedsOfSaleOfCrudeOilProducedPercentage
|
0.65 | pure |
CY2023 | INDO |
Additional Entitlement Of Proceeds From Sale Of Crude Oil Percentage
AdditionalEntitlementOfProceedsFromSaleOfCrudeOilPercentage
|
0.2679 | pure |
CY2023 | INDO |
Remaining Proceeds From Sale Of Crude Oil As Part Of Profit Sharing Percentage
RemainingProceedsFromSaleOfCrudeOilAsPartOfProfitSharingPercentage
|
0.35 | pure |
CY2023 | INDO |
Number Of Portions Of Entitlements Recognized As Revenue
NumberOfPortionsOfEntitlementsRecognizedAsRevenue
|
2 | integer |
CY2023 | INDO |
Percentage Of Operating Cost Per Bbl Multiplying Nso
PercentageOfOperatingCostPerBblMultiplyingNso
|
1 | pure |
CY2023 | INDO |
Unrecovered Expenditures
UnrecoveredExpenditures
|
6521865 | usd |
CY2022 | INDO |
Unrecovered Expenditures
UnrecoveredExpenditures
|
6700186 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_847_eus-gaap--UseOfEstimates_zmD7Xcz95LI1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_862_zm8XyyAvId56">Use of estimates</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; 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, depletion and impairment of oil and gas <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">property</span>, impairment of long-lived assets, asset retirement obligations, provision for post-employment benefit, income taxes, related deferred tax valuation allowances and going concern forecast. Actual results could differ from those estimates and judgments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
59604 | usd |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_842_eus-gaap--ConcentrationRiskCreditRisk_zFS5RHkqmpFl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_865_zc3SkIAQsc5a">Credit and concentration risk</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023 and 2022, all of the Company’s accounts receivable result from the entitlement of Oil & 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 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the years ended December 31, 2023, 2022 and 2021, <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20230101__20231231_zhTx8EfCDm2d" title="Concentration risk percentage"><span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220101__20221231_zw9Y5Vt98xl" title="Concentration risk percentage"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20210101__20211231_zszIobBd9cka" 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 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023 | us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
1 | pure |
CY2022 | us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
1 | pure |
CY2021 | us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
1 | pure |
CY2023 | INDO |
Percentage Of Discount
PercentageOfDiscount
|
0.10 | pure |
CY2023Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
352636 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
448720 | usd |
CY2023 | INDO |
Percentage Of Cap On Sale Proceeds
PercentageOfCapOnSaleProceeds
|
0.65 | pure |
CY2023 | INDO |
Percentage Of Additional Profit Sharing On Remaining Sale Proceeds
PercentageOfAdditionalProfitSharingOnRemainingSaleProceeds
|
0.267857 | pure |
CY2023 | INDO |
Percentage Of Remaining Sale Proceeds
PercentageOfRemainingSaleProceeds
|
0.35 | pure |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
642240 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
658907 | shares |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
642240 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
658907 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
6.00 | |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2634141 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3063349 | usd |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6052675 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2978919 | 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 |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-39583437 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-36940753 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1018246 | usd |
CY2023Q4 | INDO |
Prepaid To Well Equipment
PrepaidToWellEquipment
|
609604 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
59604 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
2009687 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
5895565 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
1567500 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
420000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
1500000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
3997187 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
7395565 | usd |
CY2023Q4 | us-gaap |
Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
|
487500 | usd |
CY2023Q4 | us-gaap |
Time Deposits
TimeDeposits
|
1500000 | usd |
CY2022Q4 | us-gaap |
Time Deposits
TimeDeposits
|
1500000 | usd |
CY2023Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
1442517 | usd |
CY2022Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
1176771 | usd |
CY2023Q4 | us-gaap |
Other Receivables
OtherReceivables
|
307700 | usd |
CY2022Q4 | us-gaap |
Other Receivables
OtherReceivables
|
186840 | usd |
CY2023Q4 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
148376 | usd |
CY2022Q4 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
121740 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
21983 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
18750 | usd |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1920576 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1504101 | usd |
CY2023Q4 | INDO |
Prepaid To Well Equipment
PrepaidToWellEquipment
|
609604 | usd |
CY2022Q4 | INDO |
Prepaid To Well Equipment
PrepaidToWellEquipment
|
635052 | usd |
CY2023Q4 | INDO |
Deposit And Others
DepositAndOthers
|
134836 | usd |
CY2022Q4 | INDO |
Deposit And Others
DepositAndOthers
|
268666 | usd |
CY2023Q4 | INDO |
Durable Spare Parts
DurableSpareParts
|
128107 | usd |
CY2022Q4 | INDO |
Durable Spare Parts
DurableSpareParts
|
114528 | usd |
CY2023Q4 | INDO |
Other Assets Noncurrent Gross
OtherAssetsNoncurrentGross
|
872547 | usd |
CY2022Q4 | INDO |
Other Assets Noncurrent Gross
OtherAssetsNoncurrentGross
|
1018246 | usd |
CY2023Q4 | INDO |
Less Allowance On Doubtful Receivables
LessAllowanceOnDoubtfulReceivables
|
59604 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
28035019 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
28740479 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
|
9064212 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
|
9411476 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment
|
11859183 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedImpairment
|
11859183 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
7111624 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
7469820 | usd |
CY2023Q4 | INDO |
Oil And Gas Property Not Subject To Amortization
OilAndGasPropertyNotSubjectToAmortization
|
1155439 | usd |
CY2022Q4 | INDO |
Oil And Gas Property Not Subject To Amortization
OilAndGasPropertyNotSubjectToAmortization
|
1151804 | usd |
CY2023Q4 | INDO |
Oil And Gas Property Not Subject To Amortization Net
OilAndGasPropertyNotSubjectToAmortizationNet
|
1155439 | usd |
CY2022Q4 | INDO |
Oil And Gas Property Not Subject To Amortization Net
OilAndGasPropertyNotSubjectToAmortizationNet
|
1151804 | 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 |
CY2023 | INDO |
Additional Capitalization For Oil And Gas Properties
AdditionalCapitalizationForOilAndGasProperties
|
294540 | usd |
CY2023 | INDO |
Asset Retirement Costs
AssetRetirementCosts
|
-42998 | usd |
CY2023 | us-gaap |
Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
|
609738 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
7111624 | usd |
CY2023 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
294540 | usd |
CY2022 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
4723463 | usd |
CY2021 | us-gaap |
Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
|
2916102 | usd |
CY2023 | us-gaap |
Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
|
609738 | 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 |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1931839 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1931839 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1931839 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1931839 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1822822 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1730344 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
109017 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
201495 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
92478 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
92727 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
160246 | usd |
CY2022Q4 | INDO |
Convertible Notes Payable Net Of Debt Issuance Costs
ConvertibleNotesPayableNetOfDebtIssuanceCosts
|
52143 | usd |
CY2023Q4 | INDO |
Warrant Liability Net
WarrantLiabilityNet
|
482219 | usd |
CY2022Q4 | INDO |
Warrant Liability Net
WarrantLiabilityNet
|
1389643 | usd |
CY2023Q4 | 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 |
Convertible Notes Payable
ConvertibleNotesPayable
|
52143 | usd |
CY2023 | INDO |
Amortization Of Insurance Cost
AmortizationOfInsuranceCost
|
47857 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
100000 | usd |
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 | |
CY2023Q4 | 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 | |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
2.71 | |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1950000 | usd |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
442240 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
442240 | shares |
CY2023 | us-gaap |
Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
|
0.10 | pure |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
472777 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
353997 | usd |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
939500 | usd |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1061609 | usd |
CY2023 | us-gaap |
Lease Cost
LeaseCost
|
1412277 | usd |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
1415606 | usd |
CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
373680 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
323099 | usd |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y4M17D | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.10 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.05612 | pure |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
662492 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
422683 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
131224 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1216399 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
119231 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1097168 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
629325 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
467843 | usd |
CY2023 | INDO |
Unrecovered Expenditures
UnrecoveredExpenditures
|
6521865 | usd |
CY2022 | INDO |
Unrecovered Expenditures
UnrecoveredExpenditures
|
6700186 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2642684 | usd |
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 |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2642684 | usd |
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 |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-581391 | 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 |
CY2023 | INDO |
Income Tax Reconciliation Tax Exemption For Unrecovered Expenditures
IncomeTaxReconciliationTaxExemptionForUnrecoveredExpenditures
|
220274 | 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 |
CY2021 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-48370 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
80856 | 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 |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
356735 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
290752 | usd |
CY2023Q4 | INDO |
Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
|
274292 | usd |
CY2022Q4 | INDO |
Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
|
87862 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
631027 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
378614 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
|
274292 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
|
87862 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
274292 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
87862 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
356735 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
290752 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
356735 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
290752 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
274292 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
87862 | usd |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
371872 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
120640 | usd |
CY2023 | INDO |
Tax Operating Loss Carry Forwards Expiry
TaxOperatingLossCarryForwardsExpiry
|
the net operating loss began to expire in year 2023 if not utilized under Indonesian Tax regulations. | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
356735 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
290752 | usd |
CY2023 | INDO |
Deferred Tax Assets Valuation Allowance Current Additions
DeferredTaxAssetsValuationAllowanceCurrentAdditions
|
65982 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
80856 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
14874 | usd |
CY2023Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
118250 | usd |
CY2022Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
99588 | usd |
CY2022Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
99588 | usd |
CY2021Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
115393 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
27737 | usd |
CY2022 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
36824 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
6191 | usd |
CY2022 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
6615 | usd |
CY2023 | INDO |
Defined Benefit Obligation Past Service Cost Vested
DefinedBenefitObligationPastServiceCostVested
|
-6723 | usd |
CY2023 | INDO |
Defined Benefit Plan Benefit Obligation Before Actuarial Gain Loss
DefinedBenefitPlanBenefitObligationBeforeActuarialGainLoss
|
126793 | usd |
CY2022 | INDO |
Defined Benefit Plan Benefit Obligation Before Actuarial Gain Loss
DefinedBenefitPlanBenefitObligationBeforeActuarialGainLoss
|
158832 | usd |
CY2023 | INDO |
Defined Benefit Obligation Actuarial Gain Loss
DefinedBenefitObligationActuarialGainLoss
|
-8543 | usd |
CY2022 | INDO |
Defined Benefit Obligation Actuarial Gain Loss
DefinedBenefitObligationActuarialGainLoss
|
-59244 | usd |
CY2023Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
118250 | usd |
CY2022Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
99588 | usd |
CY2023Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
118250 | usd |
CY2022Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
99588 | usd |
CY2022Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
99588 | usd |
CY2021Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
115393 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
27205 | usd |
CY2022 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
43439 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
|
-8543 | usd |
CY2022 | us-gaap |
Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
|
-59244 | usd |
CY2023Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
118250 | usd |
CY2022Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
99588 | usd |
CY2023 | INDO |
Actuarial Gain Amount
ActuarialGainAmount
|
8543 | usd |
CY2022 | INDO |
Actuarial Gain Amount
ActuarialGainAmount
|
59244 | usd |
CY2021 | INDO |
Actuarial Gain Amount
ActuarialGainAmount
|
30704 | usd |
CY2023 | INDO |
Scheduleof Quantitative Information About Fair Value Measurementsof Post Employment Benefits
ScheduleofQuantitativeInformationAboutFairValueMeasurementsofPostEmploymentBenefits
|
<p id="xdx_892_ecustom--ScheduleofQuantitativeInformationAboutFairValueMeasurementsofPostEmploymentBenefits_zHwDumK1qtl4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span style="display: none"><span id="xdx_8BB_zQ2dyM71Vkyl">SCHEDULE OF QUANTITATIVE INFORMATION ABOUT FAIR VALUE MEASUREMENTS OF POST EMPLOYMENT BENEFITS</span></span></span></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"><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, 2023</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 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"><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: #CCEEFF"> <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 id="xdx_90A_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_pid_dp_uPure_c20230101__20231231__srt--RangeAxis__srt--MaximumMember_z2hyW7ig7pWb" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.77</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% and <span id="xdx_90B_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_pid_dp_uPure_c20230101__20231231__srt--RangeAxis__srt--MinimumMember_zHKpaJK0BKEa">6.25</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_90F_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_pid_dp_uPure_c20220101__20221231__srt--RangeAxis__srt--MaximumMember_zpppADwA2I8i" title="Discount Rate">6.77</span>% and<span id="xdx_905_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_pid_dp_uPure_c20220101__20221231__srt--RangeAxis__srt--MinimumMember_zWq2C4ZRewgg" 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></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: #CCEEFF"> <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_90E_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease_pid_dp_uPure_c20230101__20231231_ztGnpLNg1Pob" 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_901_eus-gaap--DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease_pid_dp_uPure_c20220101__20221231_zVLKkaEJLvu" 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_907_eus-gaap--DefinedBenefitPlanDescriptionOfDirectionAndPatternOfChangeForAssumedHealthCareCostTrendRate_c20230101__20231231_zqQ5EdiILif9" 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_904_eus-gaap--DefinedBenefitPlanDescriptionOfDirectionAndPatternOfChangeForAssumedHealthCareCostTrendRate_c20220101__20221231_zTfAeOjcXSV" 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: #CCEEFF"> <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_901_ecustom--DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofDiabilityRate_pid_dp_uPure_c20230101__20231231_zbmsnLu2azV5" 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_90B_ecustom--DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofDiabilityRate_pid_dp_uPure_c20220101__20221231_zSeRyAyYwawl" 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_900_ecustom--DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofNormalRetiremenAge_uInteger_c20230101__20231231_zgd8iVB7Thn7" title="Normal retirement age">58 Years (All employees are assumed to retire at pension age). With work contract until May 22, 2030</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_905_ecustom--DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofNormalRetiremenAge_uInteger_c20220101__20221231_zD7MLfzUnUde" title="Normal retirement age">58 Years (All employees are assumed to retire at pension age). With work contract until May 22, 2030</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> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 0; 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 0pt 0pt 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 colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Age</td><td style="padding-bottom: 1.5pt"> </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 colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Age</td><td style="padding-bottom: 1.5pt"> </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: 40%"></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: center"> </td><td style="width: 11%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">20 – 29</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20231231__us-gaap--RetirementPlanFundingStatusAxis__custom--TwentytwentytotwentytwentynineMember_z0EYDFA0EHH5" style="width: 11%; 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: 1%; text-align: center"> </td><td style="width: 11%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">20 – 29</span></td><td style="width: 1%; text-align: left"> </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_zkxHpnFbWzUi" style="width: 11%; 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"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">30 – 39</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20231231__us-gaap--RetirementPlanFundingStatusAxis__custom--ThirtyToThirtyNineMember_zGcMvwuj7Qu" style="text-align: right" title="Withdrawal ate">5.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">30 – 39</span></td><td style="text-align: left"> </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_zNsfKld98lll" 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"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">40 – 44</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20231231__us-gaap--RetirementPlanFundingStatusAxis__custom--FortyToFortyFourMember_z1oaquSxfay5" style="text-align: right" title="Withdrawal ate">3.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">40 – 44</span></td><td style="text-align: left"> </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_zuKT6ijzacp3" 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"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">45 – 49</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20231231__us-gaap--RetirementPlanFundingStatusAxis__custom--FourtyFiveToFortyNineMember_z7o74eMxvlBe" style="text-align: right" title="Withdrawal ate">2.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">45 – 49</span></td><td style="text-align: left"> </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_zfdt8AWI3pmd" 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"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">50 – 57</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20231231__us-gaap--RetirementPlanFundingStatusAxis__custom--FiftyToFiftySevenMember_z4SRTgQPPqo6" style="text-align: right" title="Withdrawal ate">1.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">50 – 57</span></td><td style="text-align: left"> </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_z6vikti7Jdm7" 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"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">>57</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20231231__us-gaap--RetirementPlanFundingStatusAxis__custom--GreaterThanFiftySevenMember_zowMI5ZImhuk" style="text-align: right" title="Withdrawal ate">0.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">>57</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--WeightedAverageRateDomesticDepositNoticeOfWithdrawal_iI_pid_dp_uPure_c20221231__us-gaap--RetirementPlanFundingStatusAxis__custom--GreaterThanFiftySevenMember_z20iHNuQuLWb" style="text-align: right" title="Withdrawal ate">0.0</td><td style="text-align: left">%</td></tr> </table> | |
CY2023 | us-gaap |
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
|
0.0700 | pure |
CY2022 | us-gaap |
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
|
0.0700 | pure |
CY2023 | us-gaap |
Defined Benefit Plan Description Of Direction And Pattern Of Change For Assumed Health Care Cost Trend Rate
DefinedBenefitPlanDescriptionOfDirectionAndPatternOfChangeForAssumedHealthCareCostTrendRate
|
Table Mortality Index (“TMI”) of Indonesia, TMI IV 2019 | |
CY2022 | us-gaap |
Defined Benefit Plan Description Of Direction And Pattern Of Change For Assumed Health Care Cost Trend Rate
DefinedBenefitPlanDescriptionOfDirectionAndPatternOfChangeForAssumedHealthCareCostTrendRate
|
Table Mortality Index (“TMI”) of Indonesia, TMI IV 2019 | |
CY2023 | INDO |
Defined Benefit Plan Assumptions Used Calculating Benefitof Diability Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofDiabilityRate
|
0.05 | pure |
CY2022 | INDO |
Defined Benefit Plan Assumptions Used Calculating Benefitof Diability Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofDiabilityRate
|
0.05 | pure |
CY2023 | INDO |
Defined Benefit Plan Assumptions Used Calculating Benefitof Normal Retiremen Age
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofNormalRetiremenAge
|
58 Years (All employees are assumed to retire at pension age). With work contract until May 22, 2030 | |
CY2022 | INDO |
Defined Benefit Plan Assumptions Used Calculating Benefitof Normal Retiremen Age
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitofNormalRetiremenAge
|
58 Years (All employees are assumed to retire at pension age). With work contract until May 22, 2030 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0179 | pure |
CY2023 | INDO |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Dilution Factor
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDilutionFactor
|
0.9203 | pure |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
637500 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
11.00 | |
CY2020 | INDO |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y9M18D | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
637500 | shares |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
11.00 | |
CY2020 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y9M18D | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
637500 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
11.00 | |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y9M18D | |
CY2022 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
437500 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
200000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
11.00 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y9M18D | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
200000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
11.00 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y9M18D | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
200000 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
11.00 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y9M18D | |
CY2022Q1 | INDO |
Net Shares Received Upon Exercise
NetSharesReceivedUponExercise
|
199259 | shares |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
526496 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1288583 | usd |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
210773 | usd |
CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
225776 | usd |
CY2018Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2018Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2019Q4 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
one-for-zero point three seven five (1 for 0.375) stock split | |
CY2019Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
16000000 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
16000000 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
6000000 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
6000000 | shares |
CY2019Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
6000000 | shares |
CY2022Q1 | INDO |
Net Shares Received Upon Exercise
NetSharesReceivedUponExercise
|
199259 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
10142694 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
10142694 | shares |
CY2023Q4 | us-gaap |
Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
|
2980707 | usd |
CY2023Q4 | us-gaap |
Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
|
1 | usd |
CY2023Q4 | INDO |
Other Commitment Due After Second Year
OtherCommitmentDueAfterSecondYear
|
1 | usd |
CY2024Q1 | us-gaap |
Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
|
50000000 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Mineral Interests In Proved Properties
CapitalizedCostsMineralInterestsInProvedProperties
|
15084658 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Mineral Interests In Proved Properties
CapitalizedCostsMineralInterestsInProvedProperties
|
15084658 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Mineral Interests In Proved Properties
CapitalizedCostsMineralInterestsInProvedProperties
|
15084658 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
|
13907363 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
|
13655822 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
|
8743485 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
28992021 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
28740480 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
23828143 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Mineral Interests In Unproved Properties
CapitalizedCostsMineralInterestsInUnprovedProperties
|
1155439 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Mineral Interests In Unproved Properties
CapitalizedCostsMineralInterestsInUnprovedProperties
|
1151804 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Mineral Interests In Unproved Properties
CapitalizedCostsMineralInterestsInUnprovedProperties
|
1151804 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
1155439 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
1151804 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
1151804 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
|
21880397 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
|
21270660 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
|
20223663 | usd |
CY2023Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
|
8267063 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
|
8621624 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
|
4756284 | usd |
CY2023 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
255177 | usd |
CY2022 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
4912336 | usd |
CY2021 | us-gaap |
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
|
2954411 | usd |
CY2023 | us-gaap |
Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
|
3525454 | usd |
CY2022 | us-gaap |
Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
|
4097403 | usd |
CY2021 | us-gaap |
Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
|
2452540 | usd |
CY2023 | us-gaap |
Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
|
2943173 | usd |
CY2022 | us-gaap |
Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
|
2953254 | usd |
CY2021 | us-gaap |
Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
|
2492476 | usd |
CY2023 | us-gaap |
Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
|
702217 | usd |
CY2022 | us-gaap |
Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
|
1139723 | usd |
CY2021 | us-gaap |
Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
|
810855 | usd |
CY2023 | us-gaap |
Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
|
-119936 | usd |
CY2022 | us-gaap |
Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
|
4426 | usd |
CY2021 | us-gaap |
Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
|
-850791 | usd |
CY2023 | us-gaap |
Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
|
-119936 | usd |
CY2022 | us-gaap |
Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
|
4426 | usd |
CY2021 | us-gaap |
Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
|
-850791 | usd |
CY2022Q4 | srt |
Productive Oil Wells Number Of Wells Gross
ProductiveOilWellsNumberOfWellsGross
|
14 | well |
CY2022Q4 | us-gaap |
Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
|
21000000 | usd |
CY2022Q4 | INDO |
Proved Undeveloped Reserves Volume
ProvedUndevelopedReservesVolume
|
2809468 | |
CY2022Q4 | INDO |
Proved Undeveloped Reserve Volume Net
ProvedUndevelopedReserveVolumeNet
|
2083594 | |
CY2022Q4 | srt |
Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
|
2056407 | |
CY2021Q4 | srt |
Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
|
3253617 | |
CY2023 | INDO |
Proved Developed And Undeveloped Reserves Revisions Of Previous Estimate Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimateIncreaseDecrease
|
1165999 | |
CY2022 | INDO |
Proved Developed And Undeveloped Reserves Revisions Of Previous Estimate Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimateIncreaseDecrease
|
-1121980 | |
CY2023 | srt |
Proved Developed And Undeveloped Reserves Improved Recovery
ProvedDevelopedAndUndevelopedReservesImprovedRecovery
|
19131 | |
CY2022 | srt |
Proved Developed And Undeveloped Reserves Improved Recovery
ProvedDevelopedAndUndevelopedReservesImprovedRecovery
|
12763 | |
CY2023 | srt |
Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
|
58616 | |
CY2022 | srt |
Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
|
62467 | |
CY2023Q4 | srt |
Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
|
3144659 | |
CY2022Q4 | srt |
Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
|
2056407 | |
CY2022Q4 | srt |
Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
|
371076 | |
CY2021Q4 | srt |
Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
|
311211 | |
CY2023 | INDO |
Proved Developed Reserves Revisions Of Previous Estimate Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimateIncreaseDecrease
|
41862 | |
CY2022 | INDO |
Proved Developed Reserves Revisions Of Previous Estimate Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimateIncreaseDecrease
|
5476 | |
CY2023 | INDO |
Proved Developed Reserves Improved Recovery
ProvedDevelopedReservesImprovedRecovery
|
19131 | |
CY2022 | INDO |
Proved Developed Reserves Improved Recovery
ProvedDevelopedReservesImprovedRecovery
|
12763 | |
CY2022 | INDO |
Proved Developed Reserves Extensions Discoveries And Additions
ProvedDevelopedReservesExtensionsDiscoveriesAndAdditions
|
125425 | |
CY2023 | INDO |
Proved Developed Reserves Production
ProvedDevelopedReservesProduction
|
58616 | |
CY2022 | INDO |
Proved Developed Reserves Production
ProvedDevelopedReservesProduction
|
58273 | |
CY2023Q4 | srt |
Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
|
335191 | |
CY2022Q4 | srt |
Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
|
371076 | |
CY2022Q4 | srt |
Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
|
1685331 | |
CY2021Q4 | srt |
Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
|
2942406 | |
CY2023 | INDO |
Proved Undeveloped Reserves Revisions Of Previous Estimate Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimateIncreaseDecrease
|
1124137 | |
CY2022 | INDO |
Proved Undeveloped Reserves Revisions Of Previous Estimate Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimateIncreaseDecrease
|
-1127456 | |
CY2022 | INDO |
Proved Undeveloped Reserves Extensions Discoveries And Additions
ProvedUndevelopedReservesExtensionsDiscoveriesAndAdditions
|
-125425 | |
CY2022 | INDO |
Proved Undeveloped Reserves Production
ProvedUndevelopedReservesProduction
|
4194 | |
CY2023Q4 | srt |
Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
|
2809468 | |
CY2022Q4 | srt |
Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
|
1685331 | |
CY2023 | srt |
Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
-1165999 | |
CY2023 | INDO |
Proved Developed Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
41862 | |
CY2023 | INDO |
Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
-1124137 | |
CY2023 | srt |
Proved Developed And Undeveloped Reserves Improved Recovery
ProvedDevelopedAndUndevelopedReservesImprovedRecovery
|
19131 | |
CY2023 | srt |
Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
|
58616 | |
CY2023 | INDO |
Proved Developed And Undeveloped Reserves Revisions Of Reserves Previous Estimates
ProvedDevelopedAndUndevelopedReservesRevisionsOfReservesPreviousEstimates
|
77747 | |
CY2023 | srt |
Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
|
58616 | |
CY2023 | INDO |
Proved Developed Reserves Production
ProvedDevelopedReservesProduction
|
58616 | |
CY2023 | INDO |
Percentage Of Increase In Production
PercentageOfIncreaseInProduction
|
0.7416 | pure |
CY2023 | INDO |
Proved Developed Reserves Improved Recovery
ProvedDevelopedReservesImprovedRecovery
|
19131 | |
CY2023 | INDO |
Proved Developed Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
41862 | |
CY2023 | INDO |
Proved Developed Reserves Production
ProvedDevelopedReservesProduction
|
58616 | |
CY2023 | INDO |
Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
-1124137 | |
CY2023Q4 | INDO |
Proved Undeveloped Reserve Volume Offset Reserve Gain
ProvedUndevelopedReserveVolumeOffsetReserveGain
|
1618420 | |
CY2023 | INDO |
Percentage Of Increase In Production
PercentageOfIncreaseInProduction
|
0.7416 | pure |
CY2022 | INDO |
Percentage Of Increase In Production
PercentageOfIncreaseInProduction
|
0.5756 | pure |
CY2022Q4 | srt |
Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
|
371076 | |
CY2023 | INDO |
Percentage Of Increase In Production
PercentageOfIncreaseInProduction
|
0.7416 | pure |
CY2023 | INDO |
Proved Developed Reserves Revisions Of Previous Estimate Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimateIncreaseDecrease
|
41862 | |
CY2023 | INDO |
Percentage Of Increase In Production
PercentageOfIncreaseInProduction
|
0.7416 | pure |
CY2023 | INDO |
Proved Developed Reserves Production
ProvedDevelopedReservesProduction
|
58616 | |
CY2023 | INDO |
Percentage Of Increase In Production
PercentageOfIncreaseInProduction
|
0.7416 | pure |
CY2022 | INDO |
Percentage Of Increase In Production
PercentageOfIncreaseInProduction
|
0.5756 | pure |
CY2022Q4 | srt |
Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
|
1685331 | |
CY2023 | INDO |
Percentage Of Increase In Production
PercentageOfIncreaseInProduction
|
0.7416 | pure |
CY2023 | INDO |
Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
-1124137 | |
CY2022 | srt |
Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
-1121981 | |
CY2022 | INDO |
Proved Developed Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
5475 | |
CY2022 | INDO |
Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
-1127456 | |
CY2022 | srt |
Proved Developed And Undeveloped Reserves Improved Recovery
ProvedDevelopedAndUndevelopedReservesImprovedRecovery
|
12763 | |
CY2022 | INDO |
Proved Developed Reserves Production
ProvedDevelopedReservesProduction
|
58273 | |
CY2021 | INDO |
Proved Developed Reserves Previous Estimates
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
|
5475 | |
CY2022 | INDO |
Proved Developed Reserves Extensions Discoveries And Additions
ProvedDevelopedReservesExtensionsDiscoveriesAndAdditions
|
125425 | |
CY2023 | INDO |
Proved Developed Reserves Production
ProvedDevelopedReservesProduction
|
58616 | |
CY2022 | INDO |
Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
-1127456 | |
CY2021 | srt |
Proved Developed And Undeveloped Reserves Net Period Increase Decrease
ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease
|
2942406 | |
CY2022 | srt |
Proved Developed And Undeveloped Reserves Net Period Increase Decrease
ProvedDevelopedAndUndevelopedReservesNetPeriodIncreaseDecrease
|
1814950 | |
CY2021Q4 | srt |
Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
|
311211 | |
CY2022 | INDO |
Proved Developed Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
5475 | |
CY2022 | INDO |
Percentage Of Increase In Production
PercentageOfIncreaseInProduction
|
0.5756 | pure |
CY2022 | INDO |
Proved Developed Reserves Production
ProvedDevelopedReservesProduction
|
58273 | |
CY2021Q4 | srt |
Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
|
2942406 | |
CY2022 | INDO |
Proved Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
|
-1127456 | |
CY2023Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
|
181000717 | usd |
CY2022Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
|
114735610 | usd |
CY2023Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
|
99160999 | usd |
CY2022Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
|
64815304 | usd |
CY2023Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
|
29867500 | usd |
CY2022Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
|
29404571 | usd |
CY2023Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
|
18037976 | usd |
CY2022Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
|
7591667 | usd |
CY2023Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
|
33934242 | usd |
CY2022Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
|
12924068 | usd |
CY2023Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
|
18318152 | 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 |
CY2023Q4 | srt |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
15616090 | usd |
CY2022Q4 | srt |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
8233330 | usd |
CY2023 | srt |
Consolidated Oil And Gas Production Costs Per Unit Of Production
ConsolidatedOilAndGasProductionCostsPerUnitOfProduction
|
77.61 | |
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 | |
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 |
CY2023 | srt |
Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
|
500000 | 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 |
CY2023 | srt |
Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
|
40409026 | usd |
CY2022 | srt |
Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
|
-19526823 | usd |
CY2021 | srt |
Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
|
-14979996 | usd |
CY2023 | srt |
Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
|
-584751 | 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 |
CY2023 | srt |
Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
|
-6345840 | 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 |
CY2023 | INDO |
Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount Activities
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscountActivities
|
-13627414 | usd |
CY2022 | INDO |
Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount Activities
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscountActivities
|
23577 | usd |
CY2021 | INDO |
Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount Activities
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscountActivities
|
638201 | usd |
CY2023 | srt |
Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
|
-2643773 | 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 |
CY2023 | srt |
Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
|
121822 | usd |
CY2022 | srt |
Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
|
4540497 | usd |
CY2021 | srt |
Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
|
2724238 | usd |
CY2023 | srt |
Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
|
-10446308 | 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 |
CY2023Q4 | srt |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
15616090 | 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 |