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Correspondence 0001493152-24-020430 from Indonesia Energy Corp Ltd (INDO) (CIK 0001757840) (INDO)

Indonesia Energy Corp Ltd (INDO) (CIK 0001757840)
Date: May 17, 2024 · CIK: 0001757840 · Accession: 0001493152-24-020430

AI Filing Summary & Sentiment

File numbers found in text: 333-278175

Date
May 17, 2024
Author
Indonesia
Form
CORRESP
Company
Indonesia Energy Corp Ltd (INDO) (CIK 0001757840)

Letter

INDONESIA ENERGY CORPORATION LIMITED

GIESMART PLAZA 7th Floor

Jl. Raya Pasar Minggu No. 17A

Pancoran – Jakarta 12780 Indonesia

VIA EDGAR

May 17, 2024

U.S. Securities & Exchange Commission

Division of Corporation Finance

Office of Energy & Transportation

F Street, NE

Washington, D.C. 20549

Attn: Claudia Rios

Karina Dorin

Re: Indonesia Energy Corporation Limited

Registration Statement on Form F-3

Filed March 22, 2024

File No. 333-278175

Ladies and Gentlemen:

Indonesia Energy Corporation Limited (the “Company,” “we,” “our” or “us”) hereby transmits the Company’s response to the comment letter received from the staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”), on April 5, 2024, regarding the Company’s Registration Statement on Form F-3 (the “Registration Statement”) filed by the Company with the Commission on March 22, 2024.

For the Staff’s convenience, we have repeated below the Staff’s comments in bold, and have followed each comment with the Company’s response. Concurrently with the submission of this response letter, the Company is filing Amendment No. 1 to the Registration Statement (“Amendment No. 1”) via the EDGAR system, which incorporates changes based on the Staff’s comments and other updates to the disclosure.

Registration Statement on Form F-3

General

1. Please update your financial statements in accordance with Item 8.A of Form 20-F. Refer to Item 5(b) of Form F-3.

In response to the Staff’s comment, we updated the financial statements and related disclosures in Amendment No. 1 by incorporating by reference therein our Form 20-F for the fiscal year ended December 31, 2023, which was filed with the Commission on April 26, 2024 (the “Form 20-F”). Please note that other disclosures in Amendment No. 1 (notably in the Prospectus Summary) have also been updated to reflect the updated disclosures contained in the Form 20-F, where applicable.

2. We note the securities being registered pursuant to the base prospectus include depositary shares. Please revise the fee table filed as Exhibit 107 to the registration statement to include the depositary shares.

In response to the Staff’s comment, we have revised the fee table filed as Exhibit 107 to the Amendment No. 1 to include the depositary shares.

******

We thank the Staff for its review of this response. Should you have any questions or require any additional information, please do not hesitate to contact our legal counsel, Lawrence A. Rosenbloom, Esq. of Ellenoff Grossman & Schole LLP, at lrosenbloom@egsllp.com or by telephone at (212) 370-1300.

Sincerely,
Indonesia
Energy Corporation Limited

Show Raw Text
CORRESP
1
filename1.htm

INDONESIA
ENERGY CORPORATION LIMITED

GIESMART
PLAZA 7th Floor

Jl.
Raya Pasar Minggu No. 17A

Pancoran
– Jakarta 12780 Indonesia

VIA
EDGAR

May
17, 2024

U.S.
Securities & Exchange Commission

Division
of Corporation Finance

Office
of Energy & Transportation

100
F Street, NE

Washington,
D.C. 20549

Attn:
Claudia Rios

Karina
Dorin

Re:
Indonesia Energy Corporation Limited

Registration
Statement on Form F-3

Filed
March 22, 2024

File
No. 333-278175

Ladies
and Gentlemen:

Indonesia
Energy Corporation Limited (the “Company,” “we,” “our” or “us”)
hereby transmits the Company’s response to the comment letter received from the staff (the “Staff”) of the U.S.
Securities and Exchange Commission (the “Commission”), on April 5, 2024, regarding the Company’s Registration
Statement on Form F-3 (the “Registration Statement”) filed by the Company with the Commission on March 22, 2024.

For
the Staff’s convenience, we have repeated below the Staff’s comments in bold, and have followed each comment with the Company’s
response. Concurrently with the submission of this response letter, the Company is filing Amendment No. 1 to the Registration Statement
(“Amendment No. 1”) via the EDGAR system, which incorporates changes based on the Staff’s comments and other
updates to the disclosure.

Registration
Statement on Form F-3

General

1. Please
                                            update your financial statements in accordance with Item 8.A of Form 20-F. Refer to Item
                                            5(b) of Form F-3.

In
response to the Staff’s comment, we updated the financial statements and related disclosures in Amendment No. 1 by incorporating
by reference therein our Form 20-F for the fiscal year ended December 31, 2023, which was filed with the Commission on April 26, 2024
(the “Form 20-F”). Please note that other disclosures in Amendment No. 1 (notably in the Prospectus Summary) have
also been updated to reflect the updated disclosures contained in the Form 20-F, where applicable.

    1

2. We
                                            note the securities being registered pursuant to the base prospectus include depositary shares.
                                            Please revise the fee table filed as Exhibit 107 to the registration statement to include
                                            the depositary shares.

In
response to the Staff’s comment, we have revised the fee table filed as Exhibit 107 to the Amendment No. 1 to include the depositary
shares.

******

We
thank the Staff for its review of this response. Should you have any questions or require any additional information, please do not hesitate
to contact our legal counsel, Lawrence A. Rosenbloom, Esq. of Ellenoff Grossman & Schole LLP, at lrosenbloom@egsllp.com or by telephone
at (212) 370-1300.

    Sincerely,

    Indonesia
                                            Energy Corporation Limited

    By:

    /s/
    Wirawan Jusuf

    Wirawan
                                            Jusuf

    Chief
    Executive Officer

    cc:
    Lawrence
    A. Rosenbloom, Esq.

    2