<SEC-DOCUMENT>0001493152-24-050598.txt : 20241218
<SEC-HEADER>0001493152-24-050598.hdr.sgml : 20241218
<ACCEPTANCE-DATETIME>20241218160145
ACCESSION NUMBER:		0001493152-24-050598
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241218
DATE AS OF CHANGE:		20241218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Indonesia Energy Corp Ltd
		CENTRAL INDEX KEY:			0001757840
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-278175
		FILM NUMBER:		241559133

	BUSINESS ADDRESS:	
		STREET 1:		JL. RAYA PASAR MINGGU NO. 17A
		STREET 2:		KELURAHAN PANCORAN, KECAMATAN PANCORAN
		CITY:			JAKARTA SELATAN
		STATE:			K8
		ZIP:			12780
		BUSINESS PHONE:		62215768888

	MAIL ADDRESS:	
		STREET 1:		JL. RAYA PASAR MINGGU NO. 17A
		STREET 2:		KELURAHAN PANCORAN, KECAMATAN PANCORAN
		CITY:			JAKARTA SELATAN
		STATE:			K8
		ZIP:			12780
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>form424b5.htm
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<P STYLE="margin-right: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Filed
Pursuant to Rule 424(b)(5)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Registration
No. 333-278175</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PROSPECTUS
SUPPLEMENT<BR>
(To prospectus dated May 31, 2024)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INDONESIA
ENERGY CORPORATION LIMITED</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Up
to $3,850,000</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ordinary
Shares</B></FONT></P>

<P STYLE="margin-right: 0pt; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
prospectus supplement supplements certain information contained in the prospectus supplement (the &ldquo;ATM Prospectus Supplement&rdquo;)
and its accompanying prospectus, dated May 31, 2024 (the &ldquo;Base Prospectus&rdquo; and, together with the ATM Prospectus Supplement
and the information incorporated by reference herein and therein, the &ldquo;ATM Prospectus&rdquo;), relating to the offer and sale of
our ordinary shares, par value $0.00267 per share (the &ldquo;Ordinary Shares&rdquo;), having an aggregate offering price of up to
$9,600,000, through H.C. Wainwright &amp; Co., LLC (&ldquo;Wainwright&rdquo;), as sales agent, in transactions that are deemed to
be &ldquo;at the market offerings&rdquo; as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, pursuant to
the At the Market Offering Agreement with Wainwright dated as of July 22, 2022 (as amended on March 22, 2024, the &ldquo;ATM Agreement&rdquo;).
You should carefully read the entire ATM Prospectus, including this prospectus supplement, before investing in our Ordinary Shares.
This prospectus supplement is not complete without, and may only be delivered or utilized in connection with, the ATM Prospectus Supplement
and any future amendments or supplements thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> subject to the offering limits set forth in
General Instruction I.B.5 of Form F-3. As of December 17, 2024, the aggregate market value of our outstanding Ordinary Shares
held by non-affiliates was approximately $37,670,222, which we calculated based on 13,600,519 outstanding Ordinary Shares, of which 8,136,117
shares were held by non-affiliates, and a price per share of $4.63 on October 25, 2024, which was the highest closing price
of our Ordinary Shares on the NYSE American within the 60 days preceding the filing of this prospectus supplement. During the
12 calendar months prior to and including the date of this prospectus supplement, we have sold $8,693,695 of Ordinary Shares pursuant
to General Instruction I.B.5 on Form F-3 as noted above. Pursuant to General Instruction I.B.5 of Form F-3, in no event will we sell
securities in public primary offerings on Form F-3 with a value exceeding one-third of our public float (as defined by General Instruction
I.B.5) in any 12-calendar month period so long as our public float remains below $75.0 million.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are filing this prospectus supplement to amend the ATM Prospectus to increase the maximum amount of Ordinary Shares that we are eligible
to sell pursuant to the ATM Agreement under General Instruction I.B.5 of Form F-3. As a result of those limitations, the aggregate amount
available for sale by us under the ATM Agreement is approximately $3,863,045. Under this prospectus supplement, we are registering the
offer and sale of up to $3,850,000 of Ordinary Shares pursuant to the ATM Agreement, including $906,305 of Ordinary Shares from the ATM
Prospectus Supplement that were unsold prior to the date hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Ordinary Shares are traded on The NYSE American under the symbol &ldquo;INDO&rdquo;. The last sale price of the Ordinary Shares on December
17, 2024, was $2.70 per share on The NYSE American.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>You
should also carefully consider the information set forth under the sections entitled &ldquo;Risk Factors&rdquo; on page S-5 of the ATM
Prospectus Supplement, page 2 of the Base Prospectus and in our Annual Report on Form 20-F for the year ended December 31, 2023,
which is incorporated by reference into the ATM Prospectus, as well as in our subsequent filings with the Securities and Exchange Commission
that are incorporated into the ATM Prospectus, before investing in our Ordinary Shares.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEITHER
THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED
IF THIS PROSPECTUS SUPPLEMENT IS ACCURATE, TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The
date of this prospectus supplement is December 18, 2024.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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