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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2026
Commission File Number 001-39164
Indonesia Energy Corporation Limited
(Translation of registrant’s name into English)
GIESMART PLAZA 7th Floor
Jl. Raya Pasar Minggu No. 17A
Pancoran – Jakarta 12780
Indonesia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
INCORPORATION BY REFERENCE
This report on Form 6-K (“Form 6-K Report”) shall be deemed to be incorporated by reference into the shelf registration statement on Form F-3, as amended (Registration Number 333-278175) of Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”), declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2024 (“Registration Statement”), and into each prospectus or prospectus supplement outstanding under the Registration Statement, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Amendments to Executive Employment Agreements
On December 29, 2025, the Company entered into a Fourth Amendment to Employment Agreement (the “Ingriselli Fourth Amendment”) with Frank Ingriselli, the Company’s President. The effective date of the Ingriselli Fourth Amendment was January 1, 2026. The Ingriselli Fourth Amendment amends that certain Employment Agreement between the Company and Mr. Ingriselli, effective February 1, 2019, as subsequently amended in 2020, 2022 and 2024, respectively (collectively, the “Ingriselli Agreement”).
Pursuant to the Ingriselli Fourth Amendment: (i) the term of the Ingriselli Agreement was extended to December 31, 2026, unless terminated earlier pursuant to the terms of the Ingriselli Agreement; (ii) the pre-tax annual base salary for Mr. Ingriselli will remain at US$150,000; and (iii) Mr. Ingriselli was granted an award of 30,000 ordinary shares, vesting on July 1, 2026 and subject to a lock-up period of 180 days from the vesting date. The Ingriselli Agreement will not be subject to renewal without the prior written agreement of the Company and Mr. Ingriselli.
On January 1, 2026, the Company entered into a Fourth Amendment to Employment Agreement (the “Overholtzer Fourth Amendment”) with Gregory Overholtzer, the Company’s Chief Financial Officer. The effective date of the Overholtzer Fourth Amendment was January 1, 2026. The Overholtzer Fourth Amendment amends that certain Employment Agreement between the Company and Mr. Overholtzer, effective February 1, 2019, as subsequently amended in 2020, 2022 and 2024, respectively (collectively, the “Overholtzer Agreement”).
Pursuant to the Overholtzer Fourth Amendment: (i) the term of the Overholtzer Agreement was extended to December 31, 2027, unless terminated earlier pursuant to the terms of the Overholtzer Agreement; and (ii) the pre-tax annual base salary for Mr. Overholtzer will remain at US$80,000. The Overholtzer Agreement will not be subject to renewal without the prior written agreement of the Company and Mr. Overholtzer.
Except for the foregoing, no further changes were made to either the Ingriselli Agreement or the Overholtzer Agreement.
The foregoing description of the Ingriselli Fourth Amendment and the Overholtzer Fourth Amendment is a summary only and does not purport to be complete and, is qualified in its entirety by reference to the full text of such documents, the forms of which are attached hereto as Exhibit 10.1 and Exhibit 10.2, respectively, and incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| INDONESIA ENERGY CORPORATION LIMITED | ||
| Dated: January 2, 2026 | By: | /s/ Wirawan Jusuf |
| Name: | Wirawan Jusuf | |
| Title: | Chief Executive Officer | |
EXHIBIT INDEX
Exhibit 10.1
FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into as of December 29, 2025 (the “Execution Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Frank Ingriselli, an individual (the “Executive”).
WHEREAS, the Company and the Executive entered into that certain Employment Agreement that became effective as of February 1, 2019 (the “Agreement”) and subsequently entered into a First Amendment to Employment Agreement effective as of February 1, 2020 (the “First Amendment Agreement”; and subsequently entered into a Second Amendment to Employment Agreement effective as of January 1, 2022 (the “Second Amendment Agreement”); and subsequently entered into a Third Amendment to Employment Agreement effective as of January 1, 2024 the “Third Amendment Agreement; and
WHEREAS, the Company and the Executive wish to amend the Agreement on the terms set forth herein.
NOW THEREFORE, in consideration of the mutual premises, covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt, and legal adequacy of which is hereby acknowledged, the Company and the Executive, intending to be legally bound, hereby agree to amend the Agreement as follows:
1. Capitalized Terms. All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
2. Amendment to Section 2. Effective January 1, 2026, the Company and the Executive hereby completely amend and restate Section 2 of the Agreement and replace such Section in its entirety with the following: “The term of the Employment shall be one (1) year commencing on January 1, 2026 and shall terminate on December 31, 2026, unless terminated earlier pursuant to the terms of this Agreement. The Employment will not be subject to renewal without the prior written agreement of the Company and the Executive.”
3. Base Salary Acknowledgement. The Company acknowledges and agrees that the Executive’s pre-tax annual base salary will remain at US$150,000.
4. Equity Incentive. The Company agrees that the equity incentive for signing and continuing as President under this extension, shall be the granting of a stock award of 60,000 shares of the Company to be vested as follows: 30,000 vesting on July 1, 2026 with a lock-up period of 180 (one hundred eighty) days from the vesting date.
5. No Other Amendments. Nothing in this Amendment is intended to amend any language of the Agreement other than as specifically set forth above, and the remainder of the Agreement shall be unmodified and in full force and effect.
[Remainder of page intentionally left blank.]
IN WITNESS WHEREOF, each of the Company and the Executive has executed this Fourth Amendment to Employment Agreement as of the date first above written.
| Indonesia Energy Corporation Limited | ||
| By: | /s/ Wirawan Jusuf | |
| Dr. Wirawan Jusuf | ||
| Chairman & CEO | ||
| /s/ Frank Ingriselli | ||
| Frank Ingriselli | ||
| President | ||
|
|
Exhibit 10.2
FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into effective as of January 1, 2026 (the “Effective Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Gregory Overholtzer, an individual (the “Executive”).
WHEREAS, the Company and the Executive entered into that certain Employment Agreement that became effective as of February 1, 2019 (the “Agreement”); and subsequently entered into a First Amendment to Employment Agreement effective as of February 1, 2020 (the “First Amendment”) and subsequently entered into a Second Amendment to Employment Agreement effective as of January 1, 2022 (the “Second Amendment”); and subsequently entered into a Third Amendment to Employment Agreement effective as of January 1, 2024 (the “Third Amendment”), and
WHEREAS, the Company and the Executive wish to amend the Agreement on the terms set forth herein.
NOW THEREFORE, in consideration of the mutual premises, covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt, and legal adequacy of which is hereby acknowledged, the Company and the Executive, intending to be legally bound, hereby agree to amend the Agreement (as amended by the Third Amendment) as follows:
1. Capitalized Terms. All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
2. Amendment to Section 2. Effective as of the Effective Date, the Company and the Executive hereby completely amend and restate Section 2 of the Agreement and replace such Section in its entirety with the following: “The term of the Employment shall be two (2) years commencing on January 1, 2026 and shall terminate on December 31, 2027, unless terminated earlier pursuant to the terms of this Agreement. The Employment will not be subject to renewal without the prior written agreement of the Company and the Executive.”
3. Base Salary Acknowledgement. The Company acknowledges and agrees that the Executive’s pre-tax annual base salary will remain at US$ 80,000.
4. No Other Amendments. Nothing in this Amendment is intended to amend any language of the Agreement other than as specifically set forth above, and the remainder of the Agreement shall be unmodified and in full force and effect.
[Remainder of page intentionally left blank.]
IN WITNESS WHEREOF, each of the Company and the Executive has executed this Fourth Amendment to Employment Agreement as of the Effective Date.
| Indonesia Energy Corporation Limited | ||
| By: | /s/ Wirawan Jusuf | |
| Wirawan Jusuf | ||
| CEO | ||
| /s/ Gregory Overholtzer | ||
| Gregory Overholtzer | ||