Danantara Indonesia, through its investment holding company, PT\nDanantara Investment Management (DIM), today announced a strategic\ninvestment worth US$ 250 million in HighPeak Energy, Inc.\u00a0(HighPeak)\n(NASDAQ: HPK), a Texas-based company involved in the acquisition,\ndevelopment, exploration, and exploitation of oil and gas in the Permian\nBasin. This investment transaction is being conducted through the\nissuance of convertible preferred stocks in several stages.<\/p>\n
This investment provides DIM with strategic access to an\noil-dominated asset portfolio in the Permian Basin, the largest\noil-producing region in the United States. Through this investment, DIM\nis expanding Indonesia\u2019s energy portfolio on a global scale, aligning\nwith its mission to invest in sectors strategic to Indonesia. HighPeak\nwill use the investment to strengthen its capital structure and\nfinancial flexibility to support the sustainable development and growth\nof its high-quality asset portfolio.<\/p>\n
The Permian Basin is the largest crude oil producing region in the\nUnited States, accounting for 4% of total US production during 2025,\naccording to the U.S. Energy Information Administration. Since 2007,\nproduction growth in this region has been primarily driven by the\napplication of horizontal drilling and hydraulic fracturing (fracking)\ntechniques. If reservoir conditions permit, these techniques can also be\napplied to mature onshore oil and gas fields to increase well\nproductivity and oil and gas recovery, potentially serving as a relevant\nmodel for Indonesia in its efforts to increase domestic oil and gas\nproduction.<\/p>\n
Once the transaction is completed, HighPeak will develop a training\nand secondment programme for Indonesian workers to support capability\ndevelopment and technical expertise exchange. Under the investment\nterms, DIM will receive protection against investment devaluation, with\nthe opportunity to benefit from future equity value increases through\nconversion into common stock, as well as the option to participate in\nHighPeak\u2019s subsequent share offerings through private placements. DIM\nwill also appoint one representative to HighPeak\u2019s board of\ndirectors.<\/p>\n
Pandu Sjahrir, Chief Executive Officer of Danantara Investment\nManagement, explained, \u201cThis investment aligns with our mandate to\ninvest in strategic sectors that provide sustainable long-term returns\nwhile supporting Indonesia\u2019s national interests. HighPeak\u2019s strategic\nposition in one of the world\u2019s most advanced upstream oil and gas\nmarkets makes it a potential investment opportunity as we work to build\na globally diversified investment platform. We hope this cooperation can\nfacilitate the exchange of skills that supports the development of\nIndonesia\u2019s energy sector, while strengthening the long-standing energy\nand economic ties between Indonesia and the United States.\u201d<\/p>\n
Michael Hollis, President and Chief Executive Officer of HighPeak,\nstated, \u201cHighPeak operates a large-scale, oil-dominated asset portfolio\nin the Permian Basin. We believe the partnership with DIM will\naccelerate the development of these assets through sustained investment,\nincluding the expansion of drilling programmes. This partnership brings\ntogether long-term investors with a shared commitment to sustainable\ngrowth and value creation.\u201d<\/p>\n
DIM is fully committed to executing its mandate through disciplined\ninvestment and meaningful contributions to Indonesia\u2019s long-term\neconomic growth. The completion of this transaction remains subject to\nthe fulfilment of applicable requirements and compliance with relevant\npolicies.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/danantara-invests-us-250-million-in-highpeak-permian-1791305459", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }