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Indonesia Energy ( (INDO) ) has issued an update.
On December 29, 2025, Indonesia Energy Corporation entered into a fourth amendment to the employment agreement of its president, Frank Ingriselli, effective January 1, 2026, extending his term through December 31, 2026 at an unchanged annual base salary of US$150,000 and granting him 30,000 ordinary shares that will vest on July 1, 2026 with a 180-day lock-up period after vesting. On January 1, 2026, the company also executed a fourth amendment to the employment agreement of its chief financial officer, Gregory Overholtzer, extending his contract through December 31, 2027 while keeping his annual base salary at US$80,000, moves that reinforce leadership continuity without increasing fixed cash compensation and signal a preference for equity-based incentives to align executives with shareholder interests.
More about Indonesia Energy
Indonesia Energy Corporation Limited is a Cayman Islands–incorporated energy company with principal executive offices in Jakarta, Indonesia. The company operates in the oil and gas sector, focusing on exploration and production activities in Indonesia, and is listed in the United States as a foreign private issuer under the Securities Exchange Act of 1934.
Average Trading Volume: 440,025
Technical Sentiment Signal: Hold
Current Market Cap: $43.91M
For detailed information about INDO stock, go to TipRanks’ Stock Analysis page.