Indonesia Energy Corporation Limited (NYSEAM:INDO) (IEC) responded on September 22, 2021 to inquiries and internet postings regarding its discussions related a potential acquisition by IEC of a partial interest in the Rokan producing asset located on Sumatra Island that was recently relinquished by Chevron Corporation (NYSE:CVX) . During a previously announced participation at the Alliance Global Partners Energy Conference on Tuesday, September 21, 2021, IEC President Frank Ingriselli received inquiries regarding IEC's consideration of, and discussions related to, the potential acquisition of the recently relinquished Rokan asset by Chevron Corporation. In response, Mr. Ingriselli confirmed that IEC has had discussions with respect to this asset as it has had similar discussions regarding the acquisition of other assets to complement Kruh Block, IEC's producing asset.

IEC is aware that there have been third party postings on social media and the internet regarding this matter. No further comments, details or confirmations were made at the presentations. IEC further notes that no assurances can be given that discussions will continue or that the acquisition of any new producing assets will be consummated.