IndonesiaEnergy Corporation announced that it has made changes and enhanced the effectiveness of its management team and Board of Directors. These changes come as IEC is laser focused on delivering a new and enhanced development program at its currently producing Kruh Block leveraging the previously announced exploratory work done in 2023 as well as to drive towards early commercialization of IEC?s Citarum Block, a potential billion barrel equivalent structure. Mr. Mirza Said has been appointed as Chief Operating Officer of the Company.

Mr. Said previously was the Chief Business Development Officer. Dr. Charlie Wu has been appointed as Chief Technology Officer of the Company. He previously served as IEC's Chief Operating Officer.

Charlie?s background of over 40 years in the oil and gas industry and his global experience in oil and gas technology will help drive development programs for both the Kruh Block and the Citarum Block. His efforts over the last several years have been focused on understanding and maximing the potential for assets and implementing the right technology to do so. As such, the role of Chief Technology Officer is a great fit for him and company.

In addition, IEC announced the appointment of Mr. Ahmad Fathurachman, age 33, as a new independent member of the Company?s board of directors. Mr. Fathurachman replaces Mr. Tamba Hutapea, who is retiring as a member of IEC?s board of directors. Mr. Fathurachman?s experience in the energy industry and also on marketing and social media will help guide a new focus for IEC on developing a comprehensive market awareness program and frequent communications with shareholders on current activities for IEC.

In this regard, it is expected that Mr. Fathurachman will work closely with Frank Ingriselli, IEC?s President. An electrical and power engineer by training, Mr, Fathurachman presently works in project management, project development and product sales at Weatherford International plc in Indonesia. These appointments are all effective as of January 16, 2024.