Latest Indonesia News

Recce Pharmaceuticals is progressing its Phase 3 clinical trial of RECCE 327, a novel synthetic antibiotic targeting multidrug-resistant infections, with interim data from Indonesia supporting registration plans across ASEAN by 2026.

Bass Oil has received regulatory approval to award the drilling contract for its Bunian 6 well in Indonesia, aiming to add 500 barrels of oil per day to current production by mid-year.

Horizon Oil has released a first supplementary and replacement bidder’s statement for its off-market takeover offer for Cue Energy, proposing a mix of cash and shares that values Cue at a 10-14% premium. The deal aims to create a diversified oil and gas producer across Asia-Pacific with significant synergies.

BCI Minerals confirms the Mardie Salt and Potash Project remains on track for first salt shipment in the second half of 2026, supported by binding offtake agreements and a positive salt price outlook driven by supply shortfalls in Asia.

Far East Gold has obtained a crucial environmental approval from the Indonesian government, clearing the way for advanced exploration at its Idenburg Gold Project and setting the stage for accelerated development.

Bass Oil Limited has raised $3 million through a well-supported share placement to fund key projects including the Vanessa gas field acquisition and Indonesian oil drilling, positioning itself for a 2026 entry into the East Coast Gas Market.

Perseus Mining has agreed to sell its majority interest in the Meyas Sand Project in Sudan for US$260 million, marking a strategic shift amid regional conflict. The deal will bolster Perseus’s balance sheet and refocus resources on core assets.

Osteopore Limited has secured non-exclusive distribution rights for an injectable regenerative bone filler across Southeast Asia, marking a strategic expansion of its orthopaedic product portfolio and opening new revenue channels.

Triangle Energy has embarked on a joint study agreement to explore an offshore area in Indonesia, aiming to secure priority rights for a future production sharing contract. The six to eight-month study signals the company’s strategic push into under-explored regions with promising oil and gas potential.

NuEnergy Gas Limited has completed four wells under its Tanjung Enim Early Gas Sales Initiative, secured a binding gas sales agreement, and raised $3.5 million to advance its Indonesian coal bed methane projects.

Orica reports solid first-half earnings growth led by digital and specialty chemicals, while launching a $100 million cost reduction program to navigate supply disruptions and litigation headwinds.

Far East Gold has reported significant assay results extending high-grade gold mineralisation at its Sua prospect in Papua, Indonesia, with a resource update imminent and further drilling planned.