MedcoEnergi signs 10% Kutai PSC deal: stock pre-market at EUR 0.08
Published on 10/14/2026 at 08:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAgreement and analyst view
- MedcoEnergi agreed on October 12, 2026 to acquire a 10% interest in four Kutai Basin contracts.
- MedcoEnergi stock was at EUR 0.08 at 8:10 a.m. CEST at Lang & Schwarz on October 14, 2026.
- Macquarie Sekuritas Indonesia issued an Outperform view on October 13, 2026.
On October 12, 2026, PT Medco Energi Internasional Tbk signed an agreement to acquire a 10% non-operating participating interest in four production-sharing contracts in Indonesia’s Kutai Basin, according to Indonesia Business Post. The transaction covers the Muara Bakau, Ganal, West Ganal and East Ganal contracts and remains subject to applicable requirements, including Indonesian government approval.
Pre-market price
MedcoEnergi stock was at EUR 0.08 at Lang & Schwarz at 8:10 a.m. CEST on October 14, 2026. The quoted bid was EUR 0.07 and the ask was EUR 0.09. The further course from the Xetra open at 9:00 a.m. CEST is shown by the continuously updated real-time quote of Medco Energi Internasional stock.
Analyst view
Macquarie Sekuritas Indonesia assigned an Outperform view to MedcoEnergi and cited a target price of Rp 2,000 in a research item dated October 13, 2026, reported by Indo Premier.
What matters today
The October 12, 2026 agreement is the latest company-specific development. Macquarie Sekuritas Indonesia published its Outperform view on October 13, 2026. The transaction covers four contracts and a 10% non-operating interest.
Market context: Market report IDX Composite.
