Latest Indonesia News

Range International has replaced CEO Russell Kennett with Executive Chairman Richard Jenkins on an interim basis, with Jenkins to spend more time overseeing the company’s Indonesian operations. The restructure is expected to cut costs by up to 50%, although the company has not disclosed a baseline or implementation timetable.

Tivan has secured a 50 km² exploration concession immediately north of its Turiscai project in Timor-Leste, subject to formal regulatory grant. The addition would lift the project to eight licences covering approximately 394 km² ahead of planned maiden drilling in the fourth quarter.

Wide Open Agriculture has signed three additional non-binding framework agreements with prospective contract manufacturers in Vietnam, India and Indonesia, bringing its shortlist to four. The agreements protect WOA’s lupin intellectual property while technical and commercial feasibility work begins, but stop well short of securing production or revenue.

PT ANTAM (Persero) Tbk (ASX:ATM) reported Rp6.91 trillion in net profit and Rp62.71 trillion in first-half 2026 sales, with gold contributing the bulk of disclosed revenue. The Indonesian miner is also advancing downstream projects across gold, nickel and bauxite, although project costs and completion dates remain undisclosed.

NuEnergy Gas has removed an OGIP and resource-density chart from its investor presentation and warned investors not to rely on the retracted information. The amended document also corrects a resource classification and adds cautionary language around undiscovered and undeveloped gas resources.

Bass Oil has returned to profit for the first half of 2026, with EBITDA rising 80% and cash reserves strengthening while the company remains debt-free. The result comes as it moves towards first gas from Vanessa, advances the Kiwi project and prepares to tie in the stronger-than-expected Bunian 6 well.

Conrad Asia Energy has completed the sale of a 75% non-operated interest in the Duyung PSC, triggering a US$4 million payment from PT Nations Natuna Barat. The company says the transaction leaves it with a 22.875% operated interest and fully funds the US$320 million Mako gas development.

Bass Oil has confirmed oil in the previously unproduced M sand at its Bunian 6 well in Indonesia, with a short cleanup flow reaching approximately 2,400 barrels per day without water. The completed well is expected to lift field production from 250 to at least 750 barrels per day, subject to testing and tie-in work.

Bass Oil has set out a growth plan spanning Indonesian oil production, a planned Vanessa gas restart and development of its Kiwi discovery in South Australia. The strategy offers several potential catalysts, but much of the upside remains dependent on funding, approvals and execution.

NuEnergy Gas Limited has secured A$3.05 million through a placement to fund early gas sales and production expansion at its Tanjung Enim project, alongside advancing other Indonesian coal bed methane assets.

Tivan Limited’s latest bulk assays from Timor-Leste confirm high-grade copper and gold mineralisation, sharpening focus on the Vemasse and Scorpion prospects for drilling later this year.

Bass Oil’s Bunian 6 well in Indonesia has uncovered a previously untested third oil pay zone, set to triple production and boost field reserves potential.