Friday, July 22, 2022 5:40:23 PM
We may issue and sell Ordinary Shares having aggregate sales proceeds of up to $20,000,000 from time to time. Because there is no minimum offering amount required as a condition of this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. There can be no assurance that we will sell any shares under or fully utilize the Sales Agreement as a source of financing.
We intend to use the net proceeds from this offering for our working capital and general corporate purposes.
The amounts and timing of our use of proceeds will vary depending on a number of factors, including the amount of cash generated or used by our operations, and the rate of growth, if any, of our business. As a result, we will retain broad discretion in the allocation of the net proceeds of this offering. In addition, while we have not entered into any agreements, commitments or understandings relating to any significant transaction as of the date of this prospectus supplement, we may use a portion of the net proceeds to pursue acquisitions, joint ventures and other strategic transactions.
Pending the final application of the net proceeds of this offering, we intend to invest the net proceeds of this offering in short-term, interest bearing, investment-grade securities.
Recent INDO News
- Indonesia Energy to Present at H.C. Wainwright 26th Annual Global Investment Conference • GlobeNewswire Inc. • 09/09/2024 12:30:00 PM
- Indonesia Energy to Present at H.C. Wainwright 26th Annual Global Investment Conference • GlobeNewswire Inc. • 09/03/2024 12:00:00 PM
- Indonesia Energy Completes Recording Of New 3D Seismic Operations at its Kruh Block and Expects to Drill New Production Wells By End of Year • GlobeNewswire Inc. • 07/16/2024 11:30:00 AM
- Indonesia Energy Commences New 3D Seismic Operations at its Kruh Block and Expects to Drill New Production Wells By End of Year • GlobeNewswire Inc. • 06/24/2024 11:30:00 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/03/2024 04:15:09 AM
- Form F-3/A - Registration statement by foreign private issuers: [Amend] • Edgar (US Regulatory) • 05/17/2024 08:02:05 PM
- Indonesia Energy to Present at The Microcap Conference in Atlantic City on January 31 and again on February 1, 2024 • GlobeNewswire Inc. • 01/23/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/18/2024 11:01:51 AM
- Senior Executives of Indonesia Energy Take on New Roles and New Board Member Added • GlobeNewswire Inc. • 01/17/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/03/2024 09:01:27 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/22/2023 09:01:19 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/28/2023 08:01:52 PM
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